Tag Archives: coronavirus

Bitcoin ransomware is on the rise.Ransomware Comes in a Big WayDuring the present COVID scare, many malicious actors have used the unstable environment to their advantage and sought new ways of garnering funds that they have no right to. There have been an increasing number of coronavirus-related scams meandering about, with many nasty individuals looking to sell fake masks or garner bitcoin donations for fake organizations claiming to be the World Health Organization (WHO) or the Red...

The environment surrounding bitcoin and cryptocurrencies remains uncertain.Is Bitcoin About to Be More Volatile Than Ever?The global economy has taken several major hits over the past few months. The primary culprit is the ongoing coronavirus (COVID-19), which has led to a national shutdown in the United States and many other countries such as the United Kingdom, China, and South Korea. At the time of writing, several areas in the U.S. have rolled back on their opening strategies, with Texas,...

It looks like more people in the United Kingdom are working to get their fingers on digital currencies.The United Kingdom: Crypto’s Latest HomeThe UK was one of the hardest-hit countries when the coronavirus first began spreading outside of Asia. The nation has faced more than 300,000 cases and has been smacked with more than 40,000 deaths, according to varying sources, while recently, counties such as Leicester have been shut down completely. Prime Minister Boris Johnson has referred to the...

Bitcoin has had a relatively shaky year in many ways, and according to analysts like Tone Vays, things are not going to go great during the rest of the year.Tone Vays: BTC Won’t Hit $10K Again This YearVays recently took to social media to explain that bitcoin is not going to hit the $10,000 mark again until 2021 comes along. In fact, the cryptocurrency could even face falling as low as $6,000 before any major moves come about. During a YouTube live stream, Vays commented:Like I’ve been...

Recently, Live Bitcoin News reported that platforms like PayPal and Venmo were looking to potentially offer bitcoin and cryptocurrency buying, trading, and selling options to customers. New evidence appears to show that these companies are primarily interested in crypto services due to bitcoin’s meteoric rise during the spread of the coronavirus.PayPal Is Moving Towards a Crypto FutureAs we all remember, bitcoin suffered heavily when the virus initially began to expand during the first half...

The record unemployment experienced in the United States has brought about a whole new appreciation and love for bitcoin and its altcoin cousins, new research shows.No Job? Bitcoin Can HelpThe U.S. has witnessed millions of people losing their jobs and filing for unemployment in the wake of the coronavirus pandemic, with weekly filings growing by millions of people at a time. Businesses have had to shut down unexpectedly as President Donald Trump issued a national emergency in late March and...

We’re already halfway through the year and while bitcoin has done relatively well – having shot back up into the $9,000 range since March – the currency still has a way to go if it’s going to reach some of the end-of-year predictions that analysts have set for it.Bitcoin May Not Reach an End-of-Year High2020 was the year of the highly anticipated third halving, and for many analysts, this was the year in which bitcoin would potentially reach its all-time high again of nearly $20,000. However,...

The Fed has announced that it will be purchasing corporate bonds and ETFs, and the crypto community isn’t too happy about the decision.The Fed Comes to the Rescue Again?The choice comes following economic turmoil as the coronavirus has forced the United States – and several regions abroad – to shut down its businesses and operations so that people can avoid contracting the illness. The shutdown was designed to slow the spread of the virus, but now that things are opening up, the media...

The coronavirus pandemic brought a lot more than the fear of getting sick to the table. It also brought loads of cybercrime and fear surrounding the loss of cryptocurrency.The Coronavirus Led to CybercrimeCybercrime relating to cryptocurrency increased by about 75 percent during the peak of the COVID-19 scare. It appears that with more people working from home and not situated in a public office, there are less means of protecting exchanges and other trading platforms. Companies have fewer...

Interest in bitcoin options appears to be skyrocketing, and why shouldn’t it be? After all, everyone – including both retail and institutional investors – are looking to bitcoin and crypto as a means of hedging their wealth as coronavirus cases spike and the Fed continues to print additional money.Bitcoin Options Are Expanding Like Never BeforeOver the past three months alone, CME Group in Chicago is a standout as far as growth goes, shooting up from $4 million to about $373 million in...