Day: March 23, 2020

MakerDAO’s Storm Has Passed, but Community Still Faces Tough Decisions

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The MakerDAO (MKR) auction to recover DAI collateral debt is almost complete, though the procedure suffered some technical setbacks. The community largely remains optimistic about Maker’s handling of the situation, as many took the opportunity to scrutinize and fix other potential issues. The auction started on March 19 at approximately 10:30 AM EST with a somewhat uneventful kick off. Some of the people who had tuned in expected it to finish quickly, but the specifics of the auction made it a very gradual process. One community member jokingly said, “I…

Price Analysis Mar 23: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

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Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels. Traditional markets continue to post almost daily losses while Bitcoin price has been relatively range bound for the past week. At the risk of sounding repetitive, traders have to continue to focus on the events that are driving the various asset classes. The Coronavirus cases in Europe are not showing signs of flattening out and the number of cases in the US are surging at a rapid pace. This raises the uncertainty…

Crypto Exchanges Made a Killing During the Ides of March

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While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty. March 12 selloff spike in volume The main source of revenue for crypto exchanges comes from trading fees, so on the days with heavy volume, they see an increase in their revenues. March 12, the day that Bitcoin lost 37% of its value, there was a significant increase in Bitcoin trading volume, with Bitfinex’s volume exploding almost 1,000%. Source: Cointelegraph, bitcoinity.org, Coinmarketcap Furthermore, there is a clear…

BitOffer Institute: How Do I Earn My Money back after Bitcoin Plunged?

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Influenced by COVID-19, the Bitcoin price plunged by $5,000 within 2 weeks. As it dropped from $9,000 to $3,800, it created the worst daily decline in 7 years. While the market liquidated almost all the longs positions, it triggered a chain reaction that the market had panic emotions surrounded, and the Bitcoin price was frustrated. Besides, the worldwide stock markets all experienced a huge decline, and even the gold market was not able to be immune from it. After the multiple declines, the assets of global investors shrank. The decline…

Canadian Miner Hive Blockchain Issues Cease and Desist to Steem Fork Hive

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Canada-based company firm Hive Blockchain has announced that its legal representation is issuing a cease and desist request to the Hive community, which recently forked from the Steem (STEEM) network. According to a March 23 press release, the mining firm believes that the new blockchain’s use of the term ‘Hive’ creates confusion around its branding — asserting that many Hive Blockchain shareholders have sought clarification as to whether the company is associated with the hard fork. Hive Blockchain issues cease and desist to Hive community Hive Blockchain was founded in…

Bitmain S19 Antminers Sell Out, Won’t Ship Until May 11

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The world’s largest manufacturer Bitcoin ASIC miners, Bitmain, has sold out its first round of domestic Antminer S19 sales within 24 hours of accepting orders. On March 23, Bitmain tweeted that it opened up its first phase of domestic sales for its long-await Antminer S19s — before selling out on the same day. Antminer S19s will ship from March 11 The first version of the Antminer S19 will have a hashrate of 95 terahashes per second (TH/s) and an energy efficiency of 4.5±5% joules per terahash (J/TH), while the Antminer…

Bitmain S19 Antminers Sell Out, Won’t Ship Until May 11

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The world’s largest manufacturer Bitcoin ASIC miners, Bitmain, has sold out its first round of domestic Antminer S19 sales within 24 hours of accepting orders. On March 23, Bitmain tweeted that it opened up its first phase of domestic sales for its long-await Antminer S19s — before selling out on the same day. Antminer S19s will ship from March 11 The first version of the Antminer S19 will have a hashrate of 95 terahashes per second (TH/s) and an energy efficiency of 4.5±5% joules per terahash (J/TH), while the Antminer…

Cardano Chief Compares US Dollar to OneCoin Scam as Fed Keeps Printing

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Crypto-Twitter has reacted with horror to the news that the United States Federal Reserve has been given a mandate to print as much new money as it needs to in order to avert a deeper financial crisis due to the coronavirus pandemic. Charles Hoskinson, CEO of Cardano developer, IOHK, even tweeted on March 23 that he was, “getting a real OneCoin vibe,” from the U.S. Dollar. Congress tells Fed to just print more money President of the Federal Reserve Bank of Minneapolis Neel Kashkari referred to there being “an infinite…

BTC-Friendly Senator Rand Paul Tests Positive For Coronavirus

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Rand Paul (R-KY) is the first U.S. senator to test positive for coronavirus. Paul also holds the distinction of becoming the first major U.S. politician to accept bitcoin donations in his 2016 presidential campaign. Libertarian views run in the family Rand Paul, like his father before him — Ron Paul, who ran for president as Libertarian in 1988, is known for his strong views on protecting individual freedoms. Dr. Paul is an outspoken critic of U.S. fiscal policy, tax policy, and the Federal Reserve as well as a notable supporter…

Alibaba Group Implementing Blockchain Technology for the World’s Largest eCommerce Site

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Rank1 SymbolBTC Price$6,235.00 Changes 24h 3.20% Total Volume44,959,385,889.00 Market Cap113,461,628,776.00 Circulating Supply18,283,250.00 BTC XRP $0.155 Rank3 SymbolXRP Price$0.155 Changes 24h 0.390% Total Volume2,148,169,333.00 Market Cap6,758,371,975.00 Circulating Supply43,842,625,397.00 XRP Ethereum $130.04 Rank2 SymbolETH Price$130.04 Changes 24h 2.08% Total Volume12,994,610,230.00 Market Cap14,274,859,271.00 Circulating Supply110,215,650.37 ETH EOS $2.25 Rank8 SymbolEOS Price$2.25 Changes 24h 2.78% Total Volume2,655,902,546.00 Market Cap2,092,394,308.00 Circulating Supply934,086,354.00 EOS Bitcoin Cash $215.08 Rank5 SymbolBCH Price$215.08 Changes 24h 2.30% Total Volume3,806,583,111.00 Market Cap3,925,543,259.00 Circulating Supply18,346,439.65 BCH Tether $0.998 Rank4 SymbolUSDT Price$0.998 Changes 24h -0.36% Total Volume54,302,621,995.00 Market Cap4,259,975,230.00 Circulating Supply4,288,917,905.08 USDT Stellar…