Tag Archives: coronavirus

There is a lot of worry and concern surrounding bitcoin’s price as of late. While the asset has done well these past two months and maintained its position above the $9,000 mark, some analysts and industry leaders – such as Changpeng Zhao, the chief executive of Binance, the world’s largest and most popular cryptocurrency exchange by daily volume trading – are warning that BTC’s price is in a shaky position, and in danger of enduring another crash like the one it experienced in March of this...

The European Union (EU) is taking a page out of America’s book. The collection of nations has agreed to a stimulus program that will potentially pump nearly $1 trillion back into the economy. The announcement was met with another bitcoin price rally. The currency is up roughly $200 more at the time of writing.Another Stimulus, Another Rise for BTCBitcoin has experienced some solid surges since the introduction of the coronavirus. While at first, things looked glum and negative (the currency...

It’s rough whenever money is not put to proper use, but according to one source, that appears to be what happened in Texas recently when a man allegedly used a PPP loan to get his fingers on cryptocurrency.PPP Loans Are Not to Be Played Around WithThe Paycheck Protection Program (PPP) has reached a new pinnacle over these past few months as the spread of COVID-19 continues to allegedly ravage the economies in America and beyond. In the United States, several steps have been taken to ensure...

People holding cryptocurrency in exchanges based in Japan apparently increased their holdings of bitcoin, Ethereum and Ripple over the past few months. BTC, ETH and XRP are the three largest cryptocurrencies in the industry by market cap.Japan Is Still a Major Crypto HubThe surge in holdings appears to stem from the spread of the coronavirus, which has led to the shuttering of the global economy and the ravaging of global financial tools. The virus first began to spread in late 2019, but by...

Early yesterday, Pfizer announced that the early phases of its new coronavirus vaccine bore positive results. The stock market has since shot up following the news, while bitcoin has also recently jumped up to the $9,400 range from $9,200.Bitcoin Is Exploded Following Vaccine HopeThe coronavirus has been one of the biggest global pandemics in recent history, as many countries throughout the world – not just some contained to a certain area or continent – have been affected. Regions of Asia,...

For all everybody’s been talking about bitcoin as of late, it looks like gold is on the verge of getting just as much attention.Gold Is Potentially Outdoing BTC in a WayBitcoin and gold are often compared with one another. Bitcoin, playfully referred to as “digital gold” by crypto enthusiasts, is often cited as having aspects and traits that are similar with the precious metal in the sense that it can be used to hedge one’s wealth against inflation and other economic problems, but while...

It looks like bitcoin is finally starting to gain some of its previous momentum back.Bitcoin Is Again Reaching for the StarsOver the past few weeks, the world’s number one cryptocurrency by market cap had been struggling to move beyond the low $9,000 mark. The currency traded anywhere between $9,000 and $9,140, though after a surge during yesterday’s early morning hours, it looks like the currency is having no problem remaining in the high $9,200 window.According to some analysts, the...

Cryptocurrency appears to be garnering more and more attention as the coronavirus spreads. According to crypto lending platform Block Fi, the company’s monthly revenue has doubled since cases began to spike, suggesting that more people are beginning to see BTC and other forms of crypto as the ultimate way of hedging their wealth against inflation and other economic problems.Block Fi Is Heading for the TopHowever, in a blog post, the company suggests that the bitcoin halving that occurred at...

Should anybody lose their bitcoin to hackers or have their coins stolen, the first thing they’ll want to do is get the police involved to help them in retaining their lost funds. However, when the country’s regulators are working against you, like they are in Russia, that can be extremely frustrating for those who are the victims of malicious actions.Russia Goes Against BTCA man in Russia who has had more than 100 bitcoin units stolen from him over two years ago has sought legal assistance in...

Some of the biggest investors in the world – like Paul Tudor Jones – have stepped forward at some point this year to speak their praises for bitcoin. Now, a new investor – a major face behind Tesla, the Elon Musk-owned car company – is claiming that bitcoin could potentially serve as the world’s first global currency in the coming years.Bitcoin Could Get Much Bigger Than It IsArk Invest analyst Yassine Elmandjra explained recently:While scarce and durable, bitcoin also is divisible,...