Day: March 9, 2020

Bitcoin Value Falls to $7000 As Good News Is Hard to Find

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Bitcoin Value Falls to $7000 As Good News Is Hard to Find March 9, 2020 by Ramiro Burgos Bitcoin Value Falls to $7000 as Good News Is Hard to Find.  Many negative external factors are arising from market volatility during the COVID-19 virus spread. With so much uncertainty on how bad the virus will get, all markets are in free fall. Even traditional markets. Also Read: Bitcoin Prices Losing Strength as COVID-19 Slows World Economies   Long Term Analysis As bitcoin value falls to levels which are pushing the bear trend…

What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status

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Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets. “I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures. While bitcoin prices dropped nearly 10 percent over the weekend, Saudi Arabia slashed its export oil prices when Russia refused to support an Organization of the Petroleum Exporting Countries (OPEC) effort to reduce oil production. Coronavirus quarantines mean fewer cars on the road, economic slowdown…

What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status

boss

Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets. “I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures. While bitcoin prices dropped nearly 10 percent over the weekend, Saudi Arabia slashed its export oil prices when Russia refused to support an Organization of the Petroleum Exporting Countries (OPEC) effort to reduce oil production. Coronavirus quarantines mean fewer cars on the road, economic slowdown…

Kraken Announces Plans to Expand Indian Operations As Crypto Ban Lifts

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The U.S. based crypto exchange Kraken will start to increase its operations in the Indian market following the recent ruling of the country’s Supreme Court to lift banks’ banning to do business with crypto companies, according to a March 9th announcement. According to Kraken, its growth in India was hampered by the ban on the Reserve Bank of India (RBI). However, they did not give further details regarding the plans for this large market. Future is bright for the Indian market Sunny Ray, Head of Global Business Development at Kraken,…

Wilsons Auctions to Conduct Ireland’s First Public Online Bitcoin Auction Sale

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Wilsons Auctions, a leading auctions company in Ireland and the UK, announced plans to auction over $125,000 worth of seized bitcoin and other digital currencies. Although not the company’s first crypto auction sale, this is the first online public bitcoin auction in Ireland. $125,000 Worth of Bitcoin Auctioning in Ireland According to the firm’s official website, the bitcoin auction sale is slated for March 24, 2020, and will be handled by Wilsons Auctions’ Dublin office. The Irish auctioneer is conducting the online public sale on behalf of the Belgian government,…

Coronavirus Leave Seats Empty At London Blockchain Week

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In 2007, Lebanese-American essayist, statistician and risk analyst Nassim Nicholas Taleb introduced the world to the notion of a “black swan.” A black swan is Taleb’s metaphor for large, unexpected events that wreak havoc across finance, science and technology. Thirteen years on, the world is reeling from its latest black swan in the form of coronavirus, with London Blockchain Week as the latest event in crypto to feel the effects.  With public events being canceled around the world and with many people reluctant to travel until the Covid-19 scare blows…

Newly-Launched Bitcoin.Com Lottery Unlocks Global Lotteries Through Cryptocurrency Payments

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Following the recent partnership between Bitcoin.com and Bravio Technologies Limited, the Bitcoin.com Lottery platform has officially launched. It lets users play the most popular global lotteries from any location. Tickets can be purchased using either bitcoin cash (BCH) or bitcoin core (BTC) as payment methods. Also Read: Bitcoin.com Partners with Canadian Gaming Giant Bravio Tech on Global Lotteries Use BCH or BTC to Play Power Ball, Mega Millions and Other Global Jackpots With Bitcoin.com Lottery Traditional lottery platforms limited users in many ways. Tickets could only be bought within the…

Bitcoin Tested as a Safe Haven After Biggest Stock Crash Since 2009

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The VIX volatility index, the stock market’s main risk indicator, skyrocketed to 55 on March 9. This is the highest level since 2009. Meanwhile, Saudi Arabia’s talks with OPEC member Russia soured, triggering a price cut competition. This led Brent Crude, the international oil benchmark to trade at $36.20, down 20% from the previous session. The Dow Jones Industrial Average tanked 6.9% — heading for it’s biggest daily loss ever recorded — while the UK’s FTSE is trading down 7.7%. Asian markets overnight performance also were not so much different…

Pitch Deck Says Solana Is Courting Dish Network, Kik for Its ‘Web-Scale’ Blockchain

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DISH Network, a major U.S. television services provider, and Kin, the payments platform built by Kik, are reportedly looking to tap up-and-coming Solana as the basis for their blockchain networks. According to a Solana pitch deck seen by CoinDesk, which indicates the company is looking to raise at least $2 and potentially up to $12 million, software engineers at DISH could use Solana’s protocol as the basis for a tokenized 5G network that could be used to hire space on-chain for web-connected devices. DISH is reportedly nearing the final stages…

Pitch Deck Says Solana Is Courting Dish Network, Kik for Its ‘Web-Scale’ Blockchain

boss

DISH Network, a major U.S. television services provider, and Kin, the payments platform built by Kik, are reportedly looking to tap up-and-coming Solana as the basis for their blockchain networks. According to a Solana pitch deck seen by CoinDesk, which indicates the company is looking to raise at least $2 million and potentially up to $12 million, software engineers at DISH could use Solana’s protocol as the basis for a tokenized 5G network that could be used to hire space on-chain for web-connected devices. DISH is reportedly nearing the final…