Crypto EcoBlog
Ripple, one of the leading cryptocurrency projects, oriented mainly towards facilitating cross-border payments and settlement, has seen an 85% decrease in its total sales for the first quarter of 2020.Total Ripple Sales Decrease By 85%Ripple released its quarterly report yesterday and revealed some interesting insights and statistics.Per the document, the company has seen a serious decrease in its total sales compared to the last quarter of 2019. During the last three months of the previous...
Read More »Bitcoin Increased 34% In April: S&P 500 And Gold Are Well Behind
Top global assets closed the month of April in the green, with Bitcoin coming through as the best-performing asset of April. BTC was up roughly 34%, rising from the $6,400 range at the start of the month to just over $8,700 on the last day. The S&P 500 gained 12.7% while gold rallied by $6.7% in April. This marks a recovery from the market crash in March when Bitcoin, S&P 500 and gold dropped 26.7%, 12.51% and 0.5% respectively.COVID-19 Outbreak Caused Markets To Pause in March,...
Read More »Peter Schiff: Bitcoin’s Recent Rally To $9000 Fueled By Speculators, BTC Has Nothing In Common With Gold
Popular gold proponent and well-known Bitcoin critic, Peter Schiff, said that the latest rally of the cryptocurrency was caused by nothing but speculation. Despite the common comparison that a lot of people are drawing between Bitcoin and gold, the economist said that they have nothing in common.Peter Schiff Does It AgainIt’s safe to say that Bitcoin had a fantastic day yesterday as the cryptocurrency touched $9,500 before retracing to its current levels of trading. With this, it managed to...
Read More »Porsche-Backed Blockchain Startup Gapless Bags $6 Million In Seed Funding
Gapless, a blockchain startup based in Germany has raised €5.5 million (appr. $6 million) from a new funding round led by FinLab EOS VC Fund, a joint venture between German investment company FinLab AG and EOSIO blockchain developer, Block.one.Gapless Is Backed By PorscheAccording to reports, other notable venture capital firms and investors that participated in the series include German automobile manufacturing giant Porsche AG and insurance entrepreneur Kersten Jodexnis alongside his Family...
Read More »Jihan Wu Challenged As Bitmain’s CEO Ahead of Bitcoin’s Halving
Less than two weeks before the third-ever Bitcoin Halving, Micree Ketuan Zhan, the ousted co-founder and chairman of Bitmain, received a partial legal victory in the Beijing Haidian District Bureau of Justice.The Bureau reversed a decision from January 2nd, which allowed current CFO Luyao Liu to replace CEO Jihan Wu as the registered legal representative of the Beijing branch.Zhan Scores One On BitmainThe leading Bitcoin mining firm’s leadership issues have been going on for years now. They...
Read More »COVID Who? Bitcoin Is So Far The Best Performing Asset In 2020 – 23% ROI – Better Than Gold And Equity Markets
The latest positive price developments in the cryptocurrency scene have helped Bitcoin to reclaim its position as the best performing asset in 2020. BTC is currently beating the S&P 500 index, US 10 year treasury bonds, and even gold.BTC’s Recent Price Jump2020 has been nothing but volatile for the cryptocurrency market. Looking at Bitcoin, for instance, it started the year at approximately $7,100, surged to above $10,000 in mid-February, before plunging hard to $3,700 amid the spread of...
Read More »These Are The Only 2 Cryptocurrencies That Beat Bitcoin’s ROI Today
Traders are ecstatic as the cryptocurrency markets finally recover from the recent crash of March 12 amid the novel Coronavirus (COVID-19) pandemic. At that time, Bitcoin (BTC) and the altcoins shredded all the profits they have amassed since the start of the year, leaving many in bearish sentiment.Altcoin Crashes Against BTCHowever, with the current surge, the price levels in the market have returned to the same ones in February, when Bitcoin traded above $9,200. BTC is leading the bull run,...
Read More »Tencent Launches Blockchain Accelerator As China Continues To Foray In The Industry
The project goes by the name Tencent Blockchain Accelerator. It is to be a highly important gear-wheel in the Tencent Industrial Accelerator’s endeavor to boost the digital service in the future.Blockchain Accelerator to Mentor 30 New ApplicantsLaunching the daring project, Tencent is aiming at 30 blockchain-oriented companies, developing and providing the necessary tech activities. The multi-dimensional service platform is based on technology, scenarios, business opportunities, and is...
Read More »Telegram Postpones The Release Of Gram Tokens Until April 2021, Offers To Refund Investors
The popular messaging application Telegram has delayed the release of its Gram tokens until April 2021 due to the pressure inserted by the SEC and US district courts. The company is offering two options for investors to reimburse their investments or to allocate them into the messaging app.Telegram Postpones GramPavel Durov’s company has sent a letter to all Telegram Open Network (TON) investors – the blockchain network behind the future cryptocurrency Gram. The token will not be issued by...
Read More »The Bulls Are Here: Binance Trading Volume Surpassed $12 Billion On Wednesday, A New All-Time High
Binance exchange had seen an all-time high in daily trading volume of more than $12 billion exchanged over the past 24 hours as of April 29th, 2020. The last time the exchange had seen volume at the current levels was in January 2018.According to Changpeng Zhao (CZ), the CEO of Binance, the last time the daily volume spiked over $11 billion was during January 2018, which was the peak of the famous 2017 crypto bubble.As per the data from CoinMarketCap, Binance saw over $12 billion of daily...
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