Tag Archives: Coronavirus (COVID-19)

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...

2020 has been a tumultuous year for the cryptocurrency market so far. Starting off great in the first couple of months, prices collapsed mid-March, largely because of fears induced by the spread of the novel coronavirus (COVID-19).In any case, there is one digital currency that seems to be particularly overlooked and that’s Binance Coin – the native cryptocurrency of the world’s leading crypto exchange and arguably the most active contributor to the industry, in general.Binance Coin (BNB)...

As the novel Coronavirus (COVID-19) pandemic continues to plague the world, what is most needed is an “all hands on deck” approach. Governments, companies, non-profits, entrepreneurs, and individuals are expected to play different roles in the fight against the virus.IBM Launches COVID-19 Blockchain SolutionAmerican multinational technology company, International Business Machines Corporation (IBM), has launched a blockchain-based solution to combat the medical supply shortage in the face of...

Bitcoin is reducing its correlation with the stock market, and is transitioning towards gold’s performance, a recent Bloomberg report claimed. Amid the current COVID-19 crisis, both assets will outperform equities and emerge as the most substantial gainers.Bitcoin To Join GoldThe unexpected outbreak of the COVID-19 pandemic jolted world economies and financial markets. The cryptocurrency space was not exempt from adverse price developments. However, a recent Bloomberg document outlined that...

As the economic turmoil in Argentina continues to harm citizens and devaluate the peso, it appears that residents are turning to Bitcoin, instead. Recent data revealed that Argentinians are consistently increasing their purchases of the primary cryptocurrency.Argentinians Buy BitcoinArgentinians are spending more and more pesos on buying Bitcoin, indicated new information provided by the cryptocurrency analysis resource, Arcane Research. More specifically, the weekly volume on LocalBitcoins...

Bitcoin accumulation is on the rise in the past few weeks, according to new information. BTC hodlers are stashing more coins daily now than they did at any time in the last year.The question remains if the upcoming Halving scheduled to take place in May is the primary reason behind this, or is it something more.BTC Hodlers Increase Their PositionsPer data provided from the monitoring resource, Glassnode Insights, the primary cryptocurrency has seen lots of accumulation phases in the past...

The large American communications technology company, Zoom Video Communications, has integrated a blockchain-based app for the first time. Developed by 2key.Network, SmartSessions is built on top of the Ethereum network and will allow business owners to monetize video calls with cryptocurrencies. Blockchain Enters Zoom The popular communications company announced the integration of SmartSessions earlier today. The latter utilizes SmartLink technology and will enable business owners to...

Bank of America (BofA) has a bullish view on gold and expects the prices of the precious metal to hit the $3,000 mark per ounce within the next 18 months, according to the bank’s latest report titled “The Fed can’t print gold.” Per the report, gold is the “ultimate store of value,” and the prices have performed well over the last 15 months against other asset classes, even though the bullion recorded a hard sell-off in March. The asset traded around $1,678 today, representing 11% growth this...

The current crisis, largely induced by the unexpected spread of the novel coronavirus (COVID-19), took its toll on oil prices. For the first time in history, crude oil trades below zero, meaning that producers are paying the buyers for disposing of their supplies. While this is undoubtedly an event to be remembered, it’s unlikely that this will have a severe impact on Bitcoin’s price. Crude Oil Prices Tank Below $0 Benchmark US crude oil prices sank to below $0 on Monday for the first time...

HDR Global Trading Limited, the owner of leading derivatives platform and crypto exchange, BitMEX, has announced its support in the fight against the novel Coronavirus (COVID-19) pandemic through a COVID-19 Response Fund that is worth millions.  As of Monday morning, April 20, the number of confirmed cases of the pandemic across the world has reached 2,414,098 with 165,153 deaths. The figures continue to surge as researchers and scientists are still struggling to solve the COVID-19 challenge...