Day: March 5, 2020

Why Coronavirus Could Be the U.S. Housing Market’s Unexpected Savior

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U.S. rental properties are becoming a “coronavirus safe haven,” according to Roofstock, a residential listings website. Investors from Asia, Europe and even Australia seem to believe the spread of coronavirus is more contained in the United States than elsewhere. The U.S. housing market is likely to benefit from reduced mortgage rates, but affordability issues and stagnant real wages could impede on growth. With coronavirus looking more like a global pandemic, risk-on assets like stocks have become too volatile to predict. According to one rental property sales website, investors from Europe…

Only 1% of $1 Trillion Transacted in Crypto in 2019 Was Illicit

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According to Chainalysis’ March 5th webinar, over $1 trillion worth of cryptocurrency transactions took place in 2019 with only 1.1% of them being illicit.  Source: Chainalysis Diminishing of darknet markets Overall, as crypto adoption keeps on growing and the number of use cases for cryptocurrency expands, illicit transactions on a percentage basis, keep diminishing; implying that the industry today is much healthier than in the early days when much of the volume was driven by darknet markets. Industry-wide cooperation thwarts crypto hackers Source: Chainalysis As more cryptocurrency enters exchanges, they…

Unstoppable Domains Chrome Extension Lets Users Browse Ethereum-Based Sites

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Unstoppable Domains, a censorship-resistant web developer, has released a Google Chrome extension in its bid to open up web 3.0. The extension will give users access to .crypto domain names directly from the Chrome browser, currently the most-used web browser. Developed by Unstoppable Domains, .crypto domains are smart contracts on the Ethereum network, meaning to take down a site an attacker would have to take down the overall network. The new tool closely follows Unstoppable Domains’ eponymous browser launch, unveiled at the ETHDenver conference in late February. But the two-year-old…

$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation

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On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000 bitcoin miners that leverage some of the cheapest natural gas prices in the U.S. Moreover, Greenidge hopes to increase the capacity from its current 14MW to 106MW in the future. Also read: Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint Mining Crypto With Natural…

Riot Reports 147% Monthly Growth In Average Daily Run Rate of BTC Mined

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Nasdaq-listed cryptocurrency mining firm Riot Blockchain has demonstrated a remarkable monthly growth of average daily run rate of Bitcoins (BTC) mined, in February. The United States-based firm has seen a 147% increase in the average daily run rate of BTC mined, against the average daily production run rate for December 2019, Riot revealed on March 5. Riot attributed the boost to its mining equipment upgrade. At the beginning of the month, it had 2,940 Bitmain S17s and 1,751 S9s machines, while by the end of the month, it was running…

Bitcoin’s Market Structure is Growing Highly Bullish After Breaking Through This Level

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Bitcoin saw a notable breakout today after being caught within a prolonged bout of sideways trading over the past several days and weeks, with today’s upwards movement bolstering the cryptocurrency’s market structure. One prominent trader is now that he believes that the cryptocurrency is bound to see further upside due to it breaking above the upper boundary of a descending channel, although it is imperative that bulls continue pushing it higher in order to confirm this possibility. Bitcoin Breaks Through a Key Technical Formation as Analysts Eye Further Upside At…

Coronavirus Will Send Bitcoin Price to $100,000 in 2020 — Max Keiser

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Bitcoin (BTC) will reach $100,000 and Jamie Dimon will be “begging” the United States Federal Reserve for money to buy some.  Those were just two of the predictions from Max Keiser on March 5, as the coronavirus outbreak sees financial markets tumble again. Keiser: 2020 is “part two” of the 2008 crisis Speaking on the latest edition of his RT news magazine, The Keiser Report, the well-known Bitcoin proponent said that global panic would have a profound impact on Bitcoin uptake this year. 2020, he explained, was “part two of…

Huobi Thailand Launches Amidst Coronavirus Outbreak

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The advance of coronavirus in the region hasn’t precluded the launch of Huobi Thailand, which allows for a fiat gateway to BTC, ETH, HT, and USDT from the start, and plans to expand the offering in the near future according to the company’s press release Cointelegraph received today, March 5. Licensing Last year, Huobi was awarded a “Digital Asset License” by Thailand’s Ministry of Finance, and more recently it was cleared by the country’s Securities and Exchange Commission. According to Ciara Sun, VP of Global Business at Huobi Group, Huobi’s…

Coronavirus Threatens to Kill E3 Forever – But Should You Even Care?

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The coronavirus outbreak is already wreaking havoc on gaming conferences such as GDC 2020. Fears are growing that the virus could put a halt to the industry’s biggest event of the year, E3 2020. If this year’s E3 is canceled, the knock-on effect could potentially bring the beleaguered expo to a permanent end. Though only just beginning to spiral in the United States, the coronavirus outbreak has already left an indelible mark on the gaming industry calendar. Major companies are pulling out of events, and GDC 2020 was even postponed.…

Moonshots Capital, DCG, Tezos Back $2.5M Fundraise for Crypto Software Provider

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Crypto software firm Zabo, which claims it can connect bank accounts directly to cryptocurrency wallets, raised $2.5 million to build out its engineering team and add new customers. The Dallas-based firm announced Thursday it had successfully completed a funding round, with participation from Castle Island Ventures, the Tezos Foundation, CoinShares and Digital Currency Group. The round was led by Moonshots Capital, an early-stage investor that has backed the Slack messaging platform in the past. Zabo says it can connect bank accounts to crypto wallets using just a few lines of…