Tag Archives: coronavirus

For the last several weeks, bitcoin appears to be hovering between the mid-$9,000 and $10K ranges. According to Simon Peters – an analyst with the cryptocurrency exchange and broker e-Toro – things are about to get rather ugly for the world’s number one cryptocurrency by market cap.Simon Peters: Bitcoin Could Strike New LowsPeters explains that the asset is about to undergo a serious correction that could bring it to new lows in the coming weeks. In an interview, he states:The recent crypto...

It looks like it’s happened again, folks. The heavy volatility that we’ve all come to both love and hate about bitcoin has seemingly entered the foray all over again and brought the world’s number one cryptocurrency down by approximately $400.Bitcoin Has Lost More Than $400Yesterday, the currency was trading for about $9,600 during the early morning hours. However, from there, the currency saw itself drop to about $9,200 with little warning for investors. At the time of writing, the currency...

The coronavirus lockdown has caused many people to see bitcoin in a different way, including residents of Russia.Russia Seems to Love BTCThe country has had a very mixed relationship with cryptocurrency. Assets are often traded in secret as government officials have not taken to digital assets the way other nations have. The country has also long considered a ban on digital currency trading, believing it leads to criminal activity such as money laundering.Now that everyone is stuck at home...

Bloomberg is predicting that the rest of the year for bitcoin will be quite solid.Bloomberg: BTC Should Keep on SpikingThe publication has issued a report stating that something would need to go “really wrong” for bitcoin to come crashing down the way it did in 2018. While the world of bitcoin is always very up and down, and it’s nearly impossible to predict what will happen, exactly, Bloomberg is confident that the currency is going to reach new highs by the time 2020 is ready to say...

Well, it looks like the spike to $10,000 that we just reported for bitcoin was short lived… Extremely short lived.Well, the Bitcoin Run Didn’t Last Long at AllJust yesterday morning, the asset saw itself regaining all it had lost during the height of the coronavirus pandemic. The currency was trading for well above the $10,000 mark in February of this year and experiencing the most bullish behavior it had witnessed since the summer of 2019, but it ultimately came to a crashing end when the...

With the federal government printing new money every five minutes, many analysts and traders say that the threat of inflation is upon us, but strangely, many are not turning to bitcoin in these troubled times, but rather to gold. Several analysts believe that gold is the answer to many incoming economic troubles.Analysts: Gold Is Stronger than BTCFund manager Crispin Odey, for example, recently commented:Gold is the only escape from global monetizing. In the short term, the money will be made...

Is it possible that the coronavirus pandemic has managed to help bitcoin in the long run?The Coronavirus Has Served a Loft Purpose, in a WayWhile the virus ultimately caused bitcoin to lose most of its value in mid-March of this year, those losses have largely been earned back. In addition, the Fed has resorted to the excess printing of money and the release of stimulus funds to assist people as they deal with a flailing economy and an illness that very few people really seem to understand....

Seattle crypto startup Coinme has garnered more than $5 million in funding through a new round led by Pantera Capital, a bitcoin investment firm. The company’s co-chief investment officer Joey Krug is now set to join the startup’s board of directors.Coinme Is Growing Like Never BeforeIn total, Coinme managed to get its fingers on an additional $5.5 million, which it says it will use to increase its cryptocurrency ATM and kiosk network across the United States. The company has been on fire...

Bitcoin is about to enter new “halving” territory in the coming days, and many analysts are unsure of what to make of the event considering the COVID-19 pandemic continues to rage on.The Halving Could Be Hit By COVID ConditionsAt first glance, it doesn’t look like a health scare of this magnitude would affect a single asset so heavily, but clearly bitcoin has been hit hard over the last three months. The currency was initially trading for well over $10,000 in mid-February. From there, it fell...

Der Bundesrat hat am 22. April 2020 entschieden, aussichtsreiche Startups mit Coronabedingten Liquiditätsengpässen über das Bürgschaftswesen zu unterstützen. Die vom Bund anerkannten Bürgschaftsorganisationen verschaffen Startups einen leichteren Zugang zu Bankkrediten. Das Staatssekretariat für Wirtschaft SECO hat in Absprache mit den interessierten Kantonen und den Bürgschaftsorganisationen nun dafür die praktischen Voraussetzungen geschaffen. Bürgschaftsanträge können diesen...