This week the equity markets experienced their worst week in 12 years and as this meltdown took place the crypto market also took a hit. Bitcoin (BTC) and the cryptocurrency market saw a significant selloff this week and this outcome is relatively reasonable given that people sell their assets out of fear of potential economic
In today’s crypto market discussion, Cointelegraph is joined by crypto analyst Naeem Aslam, and the CEO of Tokenmetrics Ian Balina to discuss the impact of the coronavirus on the cryptocurrency markets. Will the economic impacts of the coronavirus leave people flocking to cryptocurrencies as a safe haven? Naeem Aslam is skeptical of Bitcoin’s purported ‘safe
Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF). The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations: “We made every
Ripple’s XRP token had been performing very well in 2020, reaching as high as $0.34 in mid-February, before pulling back to just under $0.30. Unfortunately, it wasn’t immune to the losses which have hit virtually the entire crypto-space this week. So what could be holding it back from recovering now? Ripple Case Not Dismissed A
Your bank, no matter how neo or how challenger, can’t bank Bitcoin (BTC). They could bank blockchain companies, adding value and providing services for the space, which would be good for both the bank and the clients, but they are afraid of repercussions from regulators and their partners. Since many smaller banks use “correspondent banks,”
On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MeconCash’s retail platform MeconMall, and to pay for games
Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether. In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT). Similarly to a previous repayment in
As Cointelegraph reported yesterday, self-proclaimed Bitcoin (BTC) creator Craig Wright claims that Bitcoin can and will be seized to accommodate court orders. What follows is an analysis of whether what he says is possible and plausible. Screenshots resurfaced on Feb. 26, show that Wright claims Bitcoin will be seized without using the owner’s private keys.
Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did not approve of the strategy to buy Bitcoin only when the equity markets are down. Instead, he said that investors
The United States Federal Reserve will cut its interest rate target to compete with Bitcoin (BTC) post-halving, traders believe. As Reuters reported on Feb. 28, Wall Street traders already consider the likelihood of the Fed cutting rates to boost the economy over coronavirus to be more than 75%. Fed “monitoring” coronavirus By September, the cuts
At a press conference held on Feb. 21, a representative for the National Bank of Ukraine released the results of its much-hyped central bank digital currency project called the e-hryvnia. However, the banking institution is still not certain of the impact this financial offering will have on the country’s overall financial stability as well as
Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of the world’s largest cryptocurrency is
Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time. The Dow Jones Industrial Average closed with a decline of 1,100 points (4.4%)
Who knows what’s responsible for the current bull run? It could be the upcoming halving, it could be the Chicago Mercantile Exchange’s debut of institutional-grade crypto-backed options, or it could even be the coronavirus. Whatever the reasons, it seems safe to say that the crypto winter is well and truly behind us. If this trend
Bitcoin (BTC) was fighting to keep support at a key level on Feb. 27 as markets worldwide continued to suffer from fears over coronavirus. Cryptocurrency market daily overview. Source: Coin360 The make-or-break moment for BTC bulls Data from Coin360 and Cointelegraph markets showed BTC/USD fluctuating around its 200-day moving average (200 DMA) just below $8,800.
[embedded content] This episode of the Ripple Drop dives into how changes are made to the XRP Ledger, a digital asset wallet app called BRD and the foundation of liquidity. Ripple CTO David Schwartz provides a look at how improvements are made to the XRP Ledger. Then Ripple VP and Head of Global Institutional Markets