Day: March 15, 2020

Bitcoin Price Tops $5.9K as Fed Cuts Interest Rates to 0%, Restarts QE

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In the past hour Bitcoin (BTC) price perked up and rallied 14.33% to a daily high at $5,940. The strong upside move allowed the price to break out of the tight $5,070-$5,520 range but at the time of writing the price is pulling back below into its previous trading range. BTC USDT 1-hour chart. Source: TradingView The surge in price occurred shortly after the U.S. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about…

Active Adoption That Will Wake You Up

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The growing popularity of cryptocurrencies in Colombia has been widely discussed, as there is no unanimous consensus over the key reasons that are driving this momentum. The fact is that there are several studies, such as the one carried out by Statista, that reflect a significant and relevant interest on the part of the Colombian user, highlighting it as the third country with the largest number of crypto users. The stats speak for themselves According to the Statista Global Consumer Survey published in 2019, in which an online poll was…

Bitcoin Price Strongly Rejected at $6,000 After 15% Spike

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Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the time of writing this. As reported by NewsBTC, all analysts are keeping their eyes on the charts, as Bitcoin is on the verge of closing under the ever-important 200-week simple moving average for the first…

Air Cargo Industry Could Save $400M Per Year With Innovative Blockchain Tech

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Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12 announcement. Blockchain platform brings down cost and improves efficiency Blockchain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices (ULDs), as they journey between destinations. These companies aim to bring down industry costs, improve efficiency, drive fewer losses, and…

Crypto Carnage, Fears of $1,000 BTC, MakerDAO Crisis: Hodler’s Digest, Mar. 9–15

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drops to $3,637, rebounds above $5,200 within minutes Whenever there’s a big crash on the stock market, traders on Wall Street are often pictured with their heads in their hands — surrounded by a sea of screens with red numbers. This week, it…

Bitcoin Cash IFP Debate: ABC Kicks Off Fundraiser, 3 Mining Pools Signal BCHN Support

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During the first week of March, there were prominent discussions concerning the recently announced infrastructure funding proposal (IFP). However, a number of crypto participants are focused on the market carnage and the possibility of a global recession. After the new full node project published plans for the upcoming upgrade, Btc.top founder Jiang Zhuoer revealed his hashrate would vote against the proposal. Two days later, the full node project Bitcoin ABC announced intentions to raise funds in order to sustain operations for one year. Currently, the Bitcoin Cash Node project has…

Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency

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Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming ‘Akoin’ cryptocurrency project exclusively with Cointelegraph. The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” using blockchain technology. Mobile credit trading in Africa The whitepaper describes Akoins as utility tokens that power “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. Speaking with Cointelegraph, Akon emphasized that mobile credits are…

Italy: Red Cross Now Accepts Bitcoin (BTC) Donations for COVID-19 Crisis

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Amid the COVID-19 pandemic that has engulfed the whole world by storm, the Italian Red Cross – Young Platform, and the Colli Albani Committee – on March 15, 2020, announced that they are now accepting donations in Bitcoin (BTC) with the help of Helperbit. Italian Red Cross Embraces Bitcoin In a bid to accentuate the relief process for COVID-19 pandemic, the Italian Red Cross society is ramping up its modes of accepting payment, with the latest development being it introducing support for the premier cryptocurrency – Bitcoin. This was made…

Here’s Why Bitcoin Didn’t Bottom at $3,800 According to a Top Analyst

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While Bitcoin seemingly remains in a bear trend, sentiment has spread over the past few days that the cryptocurrency market has bottomed; analysts cite the fact that BitMEX funding rates are decisively negative, suggesting an extreme bottom, along with other technical analysis-based evidence to back their lofty opinion. But according to a top analyst, there is no way Bitcoin has bottomed yet. Here’s why. Why Bitcoin Might Not Have Bottomed Yet Over the past week, Bitcoin has shown a remarkable correlation with traditional markets; when traditional markets crashed on Monday,…

Here’s Why Bitcoin Didn’t Bottom at $3,800 According to a Top Analyst

boss

While Bitcoin seemingly remains in a bear trend, sentiment has spread over the past few days that the cryptocurrency market has bottomed; analysts cite the fact that BitMEX funding rates are decisively negative, suggesting an extreme bottom, along with other technical analysis-based evidence to back their lofty opinion. But according to a top analyst, there is no way Bitcoin has bottomed yet. Here’s why. Why Bitcoin Might Not Have Bottomed Yet Over the past week, Bitcoin has shown a remarkable correlation with traditional markets; when traditional markets crashed on Monday,…