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Tag Archives: Coronavirus (COVID-19)

Tone Vays: Bitcoin Price Won’t Break $10,000 This Year

Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately.BTC Between $6k And 10KThe price of the primary cryptocurrency has been on a roller-coaster since the start of the year. It entered the new century at about $7,200, but the bulls quickly took charge and spiked it to above...

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JPMorgan Chase Is Now Positive On Bitcoin: The March 2020 Crash Proved Its Resilience

One of Wall Street’s largest banks, JPMorgan Chase, has outlined in a recent analysis that Bitcoin’s 2020 performance demonstrates the asset’s growth and maturation. The paper also notes the compelling correlation the primary cryptocurrency is exhibiting with global equities.JPMorgan: Bitcoin MaturesThe JPMorgan Chase analysis cited by Bloomberg examined the performance of Bitcoin and other assets since the start of the year. More precisely, it reviewed their performance during the mid-March...

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$150k In Bitcoin Stolen In A Scam Faking Elon Musk’s SpaceX YouTube Channel

A recent cryptocurrency scam running live on YouTube managed to dupe nearly $150,000 in Bitcoin from victims. Interestingly, the scam impersonated Elon Musk’s SpaceX channel and broadcasted recorded videos of the recent successful launch of two astronauts to the International Space Station.SpaceX And BTC Giveaway ScamFraudsters are frequently attempting to dupe victims with a form of a cryptocurrency giveaway. Oftentimes, they use a widely-popular current event to connect with the fake...

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Local Bitcoins Volume In Egypt Skyrockets To New ATH As Country’s Economy Slows Down

Egypt’s economic growth in the third quarter (Q3) of the current fiscal year has displayed a lower number than projected following the COVID-19 pandemic.At the same time, data shows that the peer-to-peer Bitcoin volume in the country has registered a fresh all-time high.Egyptians Trade BitcoinAccording to the information provided by the cryptocurrency statistics platform, CoinDance, the demand for the primary digital asset surged last week in the northeast African country.Egyptians traded...

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Beware: Cryptojacking Attempts Surge 300% In Q1 of 2020, Kaspersky Reports

According to the Russian-based cybersecurity firm Kaspersky, the first three months of 2020 have seen an increased number of cryptojacking of computers for cryptocurrency mining.A report from the company said that the highest percentage surge had been spotted in South-east Asia.Cryptojacking Attempts On The RiseThe term cryptojacking is used when an attacker gains unauthorized access to a computer or mobile device to mine (or mint) cryptocurrencies. Typically, the perpetrator plants a...

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Bloomberg: Bitcoin Price To Reach $20,000 In 2020 As Cryptocurrency Market Matures

Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report.It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the price drops prompted by the COVID-19 pandemic.BTC: $20,000 And Beyond This Year?“Something needs to go really wrong for Bitcoin to Not appreciate,” emphatically starts the report.By...

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Japan Crypto Exchange Sets Up The Country’s Largest Banks To Examine Infrastructure For Digital Payments

The three largest banks in Japan will set up a study group to examine the benefits of building a common settlement infrastructure for digital payments. Local cryptocurrency exchange DeCurret will organize the group and the meetings, which should take place twice per month.Japan’s Largest Banks Look At Digital CurrenciesAccording to the recent report from the New York Times, the core banks in question behind the study group are Mitsubishi UFJ Financial Group Inc, Mizuho Financial Group Inc,...

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Bitcoin Failed As a Safe-Haven During COVID-19 Pandemic Because Of Market Manipulation: Research

The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations.Bitcoin And Gold Failed In The 2020 Crisis?The sudden outbreak of the COVID-19 pandemic earlier this year prompted numerous disturbances in everyday life and in financial markets. March alone was among the worst trading...

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UK Seizing £150 Million From Dormant Accounts Proves Why We Need Bitcoin

Less than a week ago, the Government of the United Kingdom ‘unlocked’ £150 million from dormant accounts to help tackle the coronavirus pandemic. While it may look like a noble act on the surface, in reality, it reveals that governments, in collaboration with banking institutions and regulations, can easily lay a hand on private property.UK Seizing £150 Million From a Dormant AccountAccording to an official announcement on the website of the UK Government, authority “unlocked” £150 million...

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Gemini and Bitwage Combine to Launch Bitcoin 401(k)

Bitwage has announced the launch of what’s reportedly the world’s first Bitcoin 401(k) plan, enabling companies to give employees the ability to invest their pre and post-tax dollars in Bitcoin.Announced by Bitwage CEO, Jonathan Chester, the launch comes after the company tested the system for ten months on its own employees.World’s First Bitcoin 401(k)According to the report, companies can now offer employees “the ability to invest traditional/pre-tax and Roth/post-tax 401k dollars into...

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