Crypto news

EthereumETH/USD. Source: TradingViewLast weekend, Ethereum recovered a bit to $140 following a sudden 55% price drop to a weekly low of $86. After a short daily increase, Ethereum’s price dropped to $100 (March 12 low), which reveals that sellers are showing interest again. More so, we can see that ETH is still struggling inside the 7-month descending channel.If the price drops below the psychological level of $100, Ethereum could slip back to $86 (last week’s low). Beneath this level lies a...

Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.Bakkt, the cryptocurrency derivatives exchange, has undergone series B funding. This was to the tune of $300 million. Sources say that the exchange involved many partners. Intercontinental Exchanges (ICE), which is Bakkt’s parent company, Microsoft‘s M12, Pantera Capital, PayU, CMT Digital, Boston Consulting Group, and Goldfinch Partners were among...

The stocks of JPMorgan and Citi are falling, showing a decrease of 17.71% and 19.27% (at opening) accordingly. The situation gave birth to fears regarding banks and coronavirus.Citigroup Inc (NYSE: C) lost 18%, sliding to $41,98 per share. Wells Fargo & Co (NYSE: WFC) lost 14%, drowning to $26,56 per the stock. As per the Bank of America Corp (NYSE: BAC), they have lost 15%, driving the stock price to $20,44. It seems like the banks are not prepared for the coronavirus attack. More than...

American Airlines stock has crashed after the company announced a 75% reduction in capacity because of the coronavirus. Analysts warn things could get worse.Many airlines all over the world are currently in panic mode because of the coronavirus. A lot of them, including travel companies in general, seem to be finding it very difficult to make ends meet simply because the volume has seriously plunged. Some airlines are grounding a significant percentage of their fleet, while others are looking...

The Bank of England’s former governor Andrew Bailey is warning people that if they’re interested in buying bitcoin, they should be prepared to “lose all their money.”Andrew Bailey Doesn’t Think Much of BTCBailey is not talking about bitcoin’s latest bit of volatility, which has seemingly come about due to the latest fear and panic surrounding the coronavirus. No, he believes that bitcoin ultimately has no value, and that regardless of the global pandemic, he doesn’t see bitcoin lasting much...

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Following the coronavirus health crisis, the global stock markets collapsing one after another. Despite the Fed’s emergency steps, the markets continue to tumble.The EU markets are recording over 10% declines, while Wall Street is reaching the low level of December 2018. 13-Month ROI had demolished in 30 days.Bitcoin is not left behind. After the Fed’s decision yesterday, Bitcoin responded with a quick surge of 14%. However, the party didn’t last long – Just an hour after, when Wall Street...

Die Blockchain-Technologie mischte die traditionelle Finanzwelt seit 2008 gewaltig auf. Nun hat sich die Counos Platform für 2020 vorgenommen, die Blockchain Industrie gewaltig aufzurütteln. Von innovativen Counos Kryptowährungen bis hin zu verlässlichen und höchst sicheren Finanz- dienstleistungen bietet die Counos Platform ihren wertgeschätzten Kunden alles. Im Jahr 2017 erblickte in der Schweiz die Counos Platform zum ersten Mal das Licht der Welt und zog seitdem eine große...

One of the tenets of the cryptocurrency and blockchain industry is privacy and freedom. And now, privacy is at risk again. This time it’s thanks to the highly contagious Coronavirus that has shaken both the global stock market and crypto markets.  As the global pandemic continues to spread at a very high rate, governments of each country are taking drastic measures to fight the virus to prevent further spreads. One such move is to spy on the civilian population by tracking their movement...

Stocks fell sharply on Monday even after the Federal Reserve cut rates amid the coronavirus outbreak. The S&P 500 dropped 9.3% while the Dow Jones Industrial Average lost 2,174 points. The Nasdaq Composite traded 9.3% lower.After the circuit breaker was lifted following a 15-minute halt in trading due to the S&P 500‘s fall of over 9% on Monday, stocks on Wall Street continued plunging amid extended coronavirus fears. Dow Jones has also experienced another loss and dropped by 9.4%.In...