Malta-based crypto exchange Binance’s charity division has initiated a campaign that will support the victims of Hurricane Dorian. Binance Charity began taking crypto donations on September 5 for a relief effort that will provide basic necessities such as food and aid for victims of the natural disaster. The charitable project...
In brief: The crypto markets lost $50 Billion in market capitalization as a result of today’s flash crash. Bitcoin (BTC) fell to an average of $5,500 on major spot markets. Chainlink (LINK) worst hit by the carnage as the cryptocurrency briefly traded at $0.0001 before rebounding above $2. March 12th,...
In brief: The crypto markets have seen a massive dip in market capitalization in the last 48 hours. At its lowest, the total market cap lost $100 Billion in the same time period. Bitcoin (BTC) dropped below $4,000, touching $3,700 on some exchanges. Tether’s increase in market capitalization in the...
In brief: The spread of the Coronavirus in Europe, N. America and the Asia Pacific region, has had a disatrous effects on the traditional markets as well as the crypto markets. Bitcoin (BTC) had been on a slow tumble in February before its major dip in March. Between the 12th...
In brief: Litcoin has long been considered Bitcoin’s little brother. FUD has been rife since Charlie Lee sold his LTC holdings. Last year, news broke that Litecoin did not have developers. MimbleWimble was officially proposed in early 2019 with a Testnet version expected in Q3 this year. Implementation of MimbleWimble...
In brief: The current global economic environment is very different from past Bitcoin halving events. The first halving event was on November 28th, 2012; the Second was July 9, 2016; and the Third halving event is estimated to occur around 12th May 2020. Perhaps LTC’s performance during last year’s Litecoin...
In brief: Bitcoin has been holding the $5,000 support level since Tuesday, March 17th. BTC opened the day above $5,200. The King of Crypto is now trading at $5,572 (Binance rate). Earlier on in the day, the People’s Republic of China reached a new milestone of zero new cases of...
In brief: Several alt-coins are exhibiting impressive double-digit gains in the last 24 hours. They include Bitcoin SV (BSV), IOST, Bitcoin Cash (BCH), and Nexo (NEXO). Bitcoin has once again proved its resilience by briefly touching $6,900 after starting the week around $4,400. Ethereum briefly traded at $152 after starting...
In brief: Bitcoin (BTC) lost the crucial support of the 200 Weekly MA due to the global economic impact of the Coronavirus. For the past few weeks, BTC has been correlated to the stock market that has been continually in distress. The King of Crypto has since reclaimed this crucial...
In brief: Since news broke of the extensive spread of the Coronavirus, Bitcoin (BTC) has had an uncanny correlation to the traditional stock markets. A recent report by the team at Santiment shows that Bitcoin’s correlation to the S&P 500 is at a 2 year high. The report went on...
In brief: Rumors are rife that the Supreme Leader of North Korea, Kim Jong-Un, is either seriously ill or has passed on. The country has been known to own a significant amount of Bitcoin (BTC) and other major cryptocurrencies. With no confirmation of the Supreme Leader’s well being, Crypto traders...
In brief: It is widely held that physical money has aided in the spread of the Coronavirus. As a result, many governments around the world have advised their citizens to embrace digital payments. The team at Weiss Ratings believes this narrative will be used by governments to push a separate...