Tag Archives: crypto

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

While many people believe that the massive adoption of Bitcoin is somewhat tied around the mainstream acceptance of digital currencies in general, Tim Draper thinks there is more to it. In a Bloomberg report, the American venture capital investor said Bitcoin adoption could grow because of its efficiency. Bitcoin adoption accelerator Draper mentioned that the largest cryptocurrency […]

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

1. Increasing policy influence The crypto community was remarkably prescient in its prognosis of how coronavirus was going to impact the global economy and society. Through the long months when political leaders and the World Health Organization (WHO) were reluctant to declare a global pandemic and take firm action, many well-known voices on Crypto Twitter, […]

Crypto Long & Short: How Oil Going Negative Could Open the Door for Bitcoin ETFs

Crypto Long & Short: How Oil Going Negative Could Open the Door for Bitcoin ETFs

This will always be remembered as the week when oil went negative. The economic repercussions of this are staggering and will take months to fully comprehend – but, more short term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can. Also compelling is what […]

Who in Crypto Might Come Out As Winners or Losers After the COVID-19 Crisis?

Who in Crypto Might Come Out As Winners or Losers After the COVID-19 Crisis?

The COVID-19 pandemic now has its grip firmly on the world. According to official numbers, almost 2.6 million individuals have been infected globally, and almost 180,000 have died. In addition to the impact on public health and the healthcare system, the global economy is starting to ground to a halt as a result of state-enforced […]

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

The market sentiment cut its string of gradual, week-per-week growth. After four weeks of minor upward movements, and last week’s break into the 5-6 score level with a sentscore of 5.27, this Monday the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped slightly to 5.2/10, as measured by crypto market sentiment […]

Options Market Signals Doubt Bitcoin Price Will Rise After Halving

Options Market Signals Doubt Bitcoin Price Will Rise After Halving

While some expect bitcoin’s (BTC) upcoming reward halving to light a fire under the cryptocurrency, the options market seems worried about the event turning out to be a wet blanket. The biggest cryptocurrency by market value is set to undergo its third mining reward halving next month. The code, aimed at controlling inflation, would reduce the amount […]

Bitcoin Is a Safe Haven for a Worse Storm Than This

Bitcoin Is a Safe Haven for a Worse Storm Than This

Bitcoin (BTC) was designed for many reasons, but one of the most important was to be a safe-haven asset during times of financial distress. From the genesis block’s coinbase parameter (“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”) to today, bitcoin’s fans have treated it as something worth owning when the market goes […]

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

Bitcoin’s (BTC) price shot up along with gold and stock futures after the U.S. Federal Reserve announced a quantitative easing package with no upper limit to support the economy amid the coronavirus crisis. Immediately after the 12:00 UTC announcement, bitcoin jumped from $5,860 to $6,628 in an hour, according to CoinDesk’s Bitcoin Price Index. Gold, a […]

Ventilators, Crowdsourcing, VR: How Crypto Is Helping During the Coronavirus Crisis (Updated)

Ventilators, Crowdsourcing, VR: How Crypto Is Helping During the Coronavirus Crisis (Updated)

Well, that escalated quickly. As we catch our breaths with the pace of COVID-19-related disruptions and happenings, this post will update frequently with the latest perspectives, support efforts and information from the blockchain community at large. Have something to add? Tweet at @CoinDesk with #CoronaEfforts. Perspective: Matthew Graham, CEO, Sino Global Capital “The COVID-19 quarantine has been […]