Month: March 2020

Coronavirus ‘Didn’t Cause’ Crash, BTC Recovery ‘Will Take Months’: Hodler’s Digest, Mar. 16–22

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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 did not crash 60% due to coronavirus, Binance CEO says It’s fashionable to think that Black Thursday’s bloodbath on the crypto markets was caused by the coronavirus. But Changpeng Zhao, the CEO of Binance, disagrees. He believes the pandemic certainly triggered the current…

Bank of China Continues Anti-Crypto Narrative on WeChat

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Financial markets are facing their worst crisis since 1929 and people are looking for alternatives to protect themselves from the crash. One option being considered by many is cryptocurrency. In response, Bank of China has continued its anti-crypto narrative in a long post titled “3.15 Protetion of Financial Consumption Rights and Interests”. The post was published on the bank’s official WeChat account on March 22. In the post, bank officials warn the public about cryptocurrency investment, calling out the three main scams seen on crypto exchanges. The bank stated: “First…

‘Buy Bitcoin’ Searches Skyrocket, Exchange Volumes Spike, Crypto Account Signups Swell 83% As Coronavirus Fears Heighten

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Exchange data and statistics from Google Trends, Twitter, and Baidu show that despite the recent price drop people are looking to buy bitcoin. During the week of the crypto market massacre that started on March 12, Coinbase broke traffic records and witnessed considerable trade volumes. Similarly, the trading platform Kraken saw an 83% increase in account signups during the market calamity as well. Also read: US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows As Crypto Prices Fell, Kraken and Coinbase Noticed Increased Traffic, Trade…

‘Buy Bitcoin’ Searches Skyrocket, Exchange Volumes Spike, Crypto Account Signups Swell 83% As Coronavirus Fears Heighten

boss

Exchange data and statistics from Google Trends, Twitter, and Baidu show that despite the recent price drop people are looking to buy bitcoin. During the week of the crypto market massacre that started on March 12, Coinbase broke traffic records and witnessed considerable trade volumes. Similarly, the trading platform Kraken saw an 83% increase in account signups during the market calamity as well. Also read: US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows As Crypto Prices Fell, Kraken and Coinbase Noticed Increased Traffic, Trade…

Cointelegraph Youtube Hosts Review COVID-19 and Bitcoin Memes

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Are you bored sitting at home in quarantine while the COVID-19 pandemic is raging outside? Feeling depressed from the latest crypto market crash? Afraid that the world might be ending? Don’t worry! Cointelegraph Youtube hosts, Jackson and Giovanni, collected the best memes on coronavirus and Bitcoin to lift up your mood. Any moment of global crisis is fertile ground for memes, some of which are spreading as fast as the COVID-19 pandemic itself. People all over the world are raiding supermarkets and stocking up goods for the months to come.…

Ethereum-Based SkyWeaver Game Launches Season 0

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SkyWeaver, the forthcoming free-to-play blockchain-based card game from Horizon Blockchain Games, has opened its final closed-beta season. On March 21, Horizon announced that season 0 of SkyWeaver had commenced. The season will be live until the launch of SkyWeaver’s open-beta version. Horizon opens season 0 of SkyWeaver The collectible card game uses Ethereum-based non-fungible tokens (NFTs) as in-game items — which players can either use within the game or trade on secondary markets. The in-game items earned during season 0 will not be able to be used once SkyWeaver enters…

Celo Alliance Is out to Challenge Libra, Hoping for Less Red Tape

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Several members of the Facebook-backed Libra Project have announced their alliance with a rival stablecoin project known as Celo. Since the middle of March, members that have joined the Celo Alliance for Prosperity include, among many others, Coinbase Ventures, Anchorage Mercy Corps, Andreessen Horowitz and Bison Trails Co. The shift in interest from one project to the other may signal the ultimate demise of Libra, as several companies have departed the project. In October of last year, the Libra Association took a major hit when five of its most prominent…

Attestiv CEO on Using DLT to Fight Fake News, Insurance Fraud, and Deep-Fakes

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On March 18, Attestiv, a firm combating digital fraud and deep-fakes using blockchain technology, announced that it had secured funds exceeding $2 million in a seed offering. Cointelegraph recently spoke to Attestiv’s CEO, Nico Vekiarides, to analyze his thoughts on blockchain’s role in combating fake news and digital fraud in the insurance industry. Cointelegraph: Can we get an overview of how the Attestiv platform works? Nicos Vekiarides: Attestiv provides authenticity for digital photos, videos, and documents by registering a fingerprint to a blockchain when a digital asset is captured. While…

Bitcoin (BTC), DASH, BSV, BCH, CRO

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The world is in a state of panic due to the coronavirus pandemic. People are fighting over toilet paper, which shows the extent of nervousness. At such a time, even investors are likely to show irrational behaviors. The governments are attempting to calm the markets by supplying enough liquidity, which is likely to run into trillions of dollars. However, even after that, the world economy might slip into a global recession. The head of operations at Genesis Mining Philip Salter said that if the economic crisis does not deepen further,…

Did BTC Miners Crash Bitcoin Price With 51 Days Before the Halving?

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Bitcoin (BTC) price has started to show strength in its recovery since the black Thursday selloff this past week, but is this something we can expect to continue? Or is this a dead cat bounce on the way down to lower lows? In today’s analysis I’m looking not only at the charts, but also at the possibility of large Bitcoin miners being the cause of the 50% price drop on March 12, after supporting data emerged last week suggesting that short-term holders sold a whopping 281,000 BTC, which resulted in…