How does Bitcoin’s price correlate with the global financial markets, and what could the coronavirus pandemic reveal to us? Many investors hold Bitcoin (BTC) as a hedge against the global financial system. However, as the numbers show, Bitcoin has not been spared from the recent COVID-19 financial crisis. This article will analyze the movement of…
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Investigating the hedging abilities of Bitcoin in response to the global coronavirus pandemic crisis. The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average…
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Check the bad crypto news of the past week. Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer. In…
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Smart cities have become one of the most discussed topics recently, but what do they really mean? And why do we call them “smart”? My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as…
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Experts believe that Binance’s acquisition of CoinMarketCap is a sign that the crypto industry is dealing with the ongoing market collapse well. Despite markets all over the world facing ever-worsening economic troubles amid the ongoing coronavirus pandemic, it seems as though the crypto industry has been able to weather the storm, at least thus far.…
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The Crypto Rating Council brings more regulatory clarity to crypto by analyzing whether certain coins constitute securities. The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue. The Crypto Rating…
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AAX exchange CEO Thor Chan thinks crypto markets will do well, despite recent and current uncertainty. As the world sits in flux between coronavirus and financial market concerns, AAX crypto exchange CEO, Thor Chan, thinks cryptocurrencies will ultimately make out ok. “During a period of intense panic, many investors fled the markets in search of…
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Binance, the world’s largest crypto exchange, has announced 100 new hires despite the ongoing economic downturn. While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the…
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UnionBank head forecasts that the coronavirus will drive banks to shift towards digital currencies, leaving physical cash behind. Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. As Euromoney reported on April 3, Bautista noted…
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Mike Novogratz, CEO of crypto merchant bank Galaxy Digital, admitted that he might give up on Bitcoin if its price does not hit new highs in 2020. As cryptocurrency markets have been edging up over the past two weeks amid multiple sell-offs on the mainstream market, the crypto community has become even more bullish on…
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