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Financial Crisis Might Worsen As US Authorities Are Badly Fumbling The Coronavirus Response

The US Centers for Disease Control and Prevention (CDC) has said coronavirus will inevitably infect many Americans. Therefore drastic steps must be taken to fight the epidemic. But stories of unbelievable missteps in the US government’s response to coronavirus abound on social media.CDC Refuses to Test Nurse Who Cared for Coronavirus PatientOn Thursday, the California Nurses Association read a statement by one of its members. She’s a nurse in Northern California on quarantine after caring for...

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New Law in South Korea Could Legitimize Digital Currency

South Korea is introducing its citizens to a new law that’s likely to set crypto on a very legitimate path.South Korea Initiates New Crypto LawThe law requires that South Korea obey all international financial regulations and adhere to know your customer (KYC) laws for all its digital trading platforms. This will lessen the chance of money laundering, terrorist financing and other illicit activities.South Korea, at one point, was one of the world’s biggest cryptocurrency hubs. The nation...

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OPEC+ Fails to Reach Consensus on Cutting Oil Production, Crude Prices Fall to 2017 Lows

As crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price. However, the two groups failed to reach a consensus with Russia backing off.The rising concerns with the coronavirus spread have put the global economy in doldrums at this stage. On Friday, the OPEC and non-OPEC allies met for discussing the cutdown on oil production amidst slowing demand.Just like the stock markets, the global crude market has faced...

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Markets Finished Week in Red amid Coronavirus Epidemic

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,...

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Report: Transaction of One Bitcoin Consumes More Electricity Than A British Household In 2 Months

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,...

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Elon Musk Calls Coronavirus Panic ‘Dumb’ while Tech Companies Take Control Measures

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,...

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Despite Rising Competition, BitMEX Steadily Leading The Bitcoin Derivatives Exchanges In 2020

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...

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Ripple Price Analysis: Will The Sideways Action End In a Violent XRP Weekend Move?

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...

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Room To Grow: Almost 50% Of Active Crypto Traders Entered The Market In 2017

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...

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Bitcoin ist Geld urteilt französisches Gericht

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...

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