Day: March 15, 2020

Ethereum Volume Influenced by Twitter Activity, New Data Reveals

boss

Ether (ETH) price lost more than 40% this week, even hovering around $100 on the day which is now being considered the new Black Thursday in crypto and traditional markets. In recent hours Ether has bounced back slightly to trade in the $120 to $130 range. Cryptocurrency market weekly overview. Source: Coin360 However, in 2017 Ether and Bitcoin saw a great increase in prices and also in the number of tweets mentioning Ethereum. The number of tweets reaching an average of 12,622 daily tweets during that year. However, in 2018,…

Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low

boss

While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties. Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called Marcus Aurelius Value, which argued that the mining firm has made misleading statements regarding its financial health. The second-largest Bitcoin mining operation is in trouble Canaan is considered to be the second-largest Bitcoin (BTC) mining machine manufacturer in the world.…

Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education

boss

Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the Blockchain Africa conference being held in Johannesburg this week. CZ confirmed that South African traders would soon be able to make Rand deposits on the platform through the Binance website. This is part of an ongoing push into Africa that started in Uganda in 2018: “Africa illustrates one of the largest demands and instrumental use cases for…