The bitcoin exchange rate approached $7000, and gold exceeded $1600 per ounce. A well-known American entrepreneur advises investing in these assets instead of US dollars.
The cryptocurrency analytic portal CoinMarketCap, one of the most popular among users, changed ownership. Binance reportedly paid $400 million for the acquisition.
Within the last six years, bitcoin mining revenues increased almost 20-fold. In 2019, miners earned more than $5 billion in total.
The Bank of France is officially initiating testing of digital currency for interbank settlements. The regulator invites to participate in the project.
The president of Venezuela and other senior officials organized a large drug trafficking net, believe US authorities. The illegal profit were hidden with the help of cryptocurrencies.
Wall Street is in panic and fear. The 30-day volatility of the S&P500 is one and a half times higher than that of bitcoin.
UAE authorities announced plans to implement blockchain-based digital identity in government workflow. The aim is to protect employees and visitors of state institutions.
The federal court in the USA sided with the American regulator that claims that Telegram sold securities under the guise of tokens during the ICO, and extended the temporary ban on transferring Grams to investors.
The revenue of the two largest cryptocurrency exchanges in South Korea, UPBit and Bithumb, fell more than 50%. Demand for cryptocurrencies in the country has recently fallen sharply.
Canadian authorities are stepping up anti-money laundering requirements for crypto companies.
Bitcoin mining profitability dropped to $0.07 per T/hash. This is a record low for bitcoin.
The analytical division of the BitMEX crypto exchange published a report outlining the current economic situation in the world and the impact of the coronavirus pandemic on the economy. Falling stock markets may attract new users to the crypto world.
If anyone benefited from the collapse of cryptocurrencies last week, these are stablecoins, which turned out to be the most popular asset among investors.
If we briefly recall a history of the blockchain economy, we may say, that 2013 was a year of Bitcoin when the general public realized the power of digital gold, 2017-2018 were the years of ICO’s, and 2019 - the year of Defi. Defi applications offer some new and exciting opportunities for generating passive income in crypto, which determined their success in the community.
According to a Russian expert, state authorities worldwide do not really want the blockchain technology to thrive, as they fear that it threatens the very idea of statehood.
Bitcoin lost 22% of its value and fell below $6,000. Within one day, the cryptocurrency market capitalization lost more than $50 billion.