May 2, 2020

How has COVID-19 made opportunities to start a Cryptocurrency exchange business?

May 2, 2020 boss

COVID-19 is a medical term for coronavirus. It is a killer virus that killed more than thousands of people across the world. Many people are still suffering due to coronavirus. Currently, more than lakhs of people are admitted to the hospital due to this COVID-19. How has COVID-19 affected all over the world? This pandemic situation made many major countries face difficult problems. Also, the death count is increasing daily. So many countries made a decision of temporary lockdown in order to control the spread of this killer virus. Many…

Mining Sector Sees Extreme Volatility Amid Coronavirus and Crash During Q1

May 2, 2020 boss

Crypto research firm, TokenInsight, has published a report covering the crypto mining industry during the first quarter of 2020. The report emphasized swings in Bitcoin (BTC)’s hash rate and the phasing out of older ASIC models. However, volatility has had a greater impact on Chinese miners — with Antminer S9s becoming unprofitable during March. Miners using old ASICs are impacted by price crash The report describes BTC hash rate as having been “extremely volatile” during the early months of 2020 — ranging from between roughly 70 exahashes per second (EH/s)…

BitInstant Was the Netscape of Crypto

May 2, 2020 boss

In an exclusive interview with Cointelegraph, crypto pioneer and BitInstant co-founder, Charlie Shrem, offered his perspective on the early days of crypto. Despite missing some of the comradery from Bitcoin’s (BTC) infancy, Shrem stated that Bitcoin’s early adopters could have better recognized that crypto was much bigger than a new technology to “have fun and experiment with.” Charlie Shrem on the early days of crypto When asked what lessons the contemporary digital asset landscape can learn from the early days of crypto, Shrem stated: “I think the early days could…

Bitcoin Sextortion: Scams Using Email, Videos, Passwords to Extort BTC

May 2, 2020 boss

Millions of people worldwide have received sextortion scam emails in 2020 asking for bitcoin. These bitcoin sextortion schemes sometimes include recipients’ passwords to make the threat more real. The authorities have advised what to do if you receive a bitcoin sextortion email. Bitcoin Sextortion Scams Proliferate Globally The number of people targeted by bitcoin sextortion scams in 2020 has increased rapidly. According to an analysis by British security company Sophos, millions of people recently received sextortion scam emails in the week it analyzed. “In fact, the number was probably more…

Bitcoin Rally Above $9K Stalls as Sellers Push BTC Back to Key Support

May 2, 2020 boss

Bitcoin (BTC) price briefly broke above $9,000 as bulls appear to be in the process of trying to quietly move the price above the resistance level. Since Friday trading volume for the top-ranked cryptocurrency on CoinMarketCap had been virtually non-existent as the price traded sideways between $8,750-$8,850 for the majority of the day but the weekend is bound to bring about a stronger directional move. Crypto market daily price chart. Source: Coin360 Will the TD9 ring true again? As reported by Cointelegraph, the presence of a TD9 on the daily…

COVID-19, Gold Demand and the Gold-Backed Stablecoin Opportunity

May 2, 2020 boss

When markets are bleeding, investors turn to gold. The celebrated precious metal and former reserve standard of the world’s monetary system is valuable for several reasons, but primarily because it is scarce. So scarce, that supply-chain problems with physical gold delivery are manifesting as demand surges amid the COVID-19 financial chaos. Why is gold so popular amid market turmoil? It’s the classic safe-haven asset — one that fares well when inflationary-prone fiat currencies are subject to $6-trillion stimulus packages and equity markets stray violently up and down. In some cases,…