Crypto news

European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.Even though coronavirus came from Wuhan, Hubei – a China province, it seems that the country finally made its way on reducing the number of infected people. China’s National Health Commission (NHC) reported a significantly reduced number of COVID-19 cases with 99 new confirmed in the past twenty-four hours. This is, however,...

A recent report indicated that one transaction involving the largest cryptocurrency uses the same amount of electricity as a British household for nearly two months.98% Of Mining Rigs Never AchieveEssentially, Bitcoin mining is the process of creating new coins and confirming initiated transactions. It’s executed by “miners,” who are solving complicated equations. On average, every 10 minutes, a new block is added to the giant distributed public ledger of already existing transactions,...

It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk through a tweet disregarded the ongoing coronavirus panic where he called it ‘dump’. His comment seems to have been welcomed well by a huge group of his followers, where the tweet had hit 1.1M likes at the time of writing.The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6,...

The competition in the field of Bitcoin margin trading exchanges continues to rise. Despite that, though, the 2014- established BitMEX exchange is recording an impressive year so far. It shows a healthy average daily volume and a notable Bitcoin wallet balance rise in the past few months.BitMEX Numbers In 2020The popular monitoring resource, TokenAnalyst, recently examined BitMEX exchange‘s performance during the initial months of 2020. It concluded that its wallet balance of Bitcoin holdings...

XRP concludes the week with a minor 2.3% price increase, while Bitcoin increased 5% and Ethereum 7.7%.The cryptocurrency has failed to break above the current range as it faces resistance at $0.245Against Bitcoin, XRP continues to trade sideways between 2710 SAT and 2640 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.235, $0.227, $0.22.Resistance: $0.245, $0.25, $0.26.XRP/BTC:Support: 2640 SAT, 2595 SAT, 2550 SAT.Resistance: 2710 SAT, 2750 SAT, 2800 SAT.XRP/USD – Ripple Fails To...

Almost half of today’s active traders made their first-ever cryptocurrency trade back in 2017, according to a recent poll by Binance. At the same time, the number of pre-2017 traders is less than 30%.When Crypto Traders Entered The MarketThe world’s leading cryptocurrency exchange by volume, Binance, recently initiated a compelling survey. The question was, “when did you make your first-ever crypto trade?.”The results may not be all that surprising. Over a quarter of the 11,397 voters...

Die Diskussion darüber, ob Bitcoin nun Geld ist oder nicht, wird weiterhin heftig geführt. Vor allem die Zentralbanken und die weltweiten Regierungen müssen sich mit dieser Frage auseinandersetzen, da die Antwort darauf entscheidet, wie Finanzgesetzte auf Cryptocoins angewendet werden müssen. In Frankreich ist nun weiter Bewegung in die Sache gekommen.Bitcoin News: Bitcoin ist Geld urteilt französisches GerichtUltimativ geht es natürlich um die Mass Adoption, die wahrscheinlich nur...

A power plant in upstate New York known as Greenidge Generation says it’s mining up to $50,000 in new bitcoins each day.Greenidge Has the PowerThe average number of new coins extracted through the plant – which has been using its own energy reserves to get the job done – has been 5.5. Greenidge Generation says it’s looking to potentially put the U.S. on the map as a serious crypto competitor to China, which at the time of writing, controls much of the world’s bitcoin mining power.The company...

Bitcoin recognition continues – This time from the French Commercial Court of Nanterre. Having to establish its role during a lawsuit, the Court ruled that the largest cryptocurrency is a “fungible intangible asset,” similar to fiat money.Bitcoin Is MoneyBack in 2014, Paymium, a French exchange platform loaned 1,000 Bitcoins (worth $9.1 million at the time of this writing) to an English alternative investment company BitSpread.However, after the August 2017 Bitcoin fork that eventually...

Is Twitter about to lose Jack Dorsey?Dorsey Could Be Forced from TwitterIf that’s the case, bitcoin’s price could suddenly shoot sky high. The situation is that approximately $1 billion in Twitter stock has been purchased by Elliott Management, a Wall Street investing firm run by Republican Paul Singer. Singer has often referred to bitcoin in a negative light, and recently called it one of the most “brilliant scams in history.”However, Dorsey – as we all know – feels very differently. Aside...