The Cointelegraph team talks about their experiences in handling the coronavirus pandemic. The coronavirus pandemic has been changing the global economy, our lifestyle, our ways of interacting with each other and our vision of the future. The Cointelegraph team keeps working from home offices, and all the events we planned to participate in have been…
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Billionaire Chamath Palihapitiya explained a scenario which could see Bitcoin become a “flight to safety” asset. In an interview with Morgan Creek Digital founder, Anthony Pompliano, Chamath Palihapitiya, billionaire CEO of venture capital firm, Social Capital, said that now could be Bitcoin’s time to shine. “I think Bitcoin needed a moment like this for it…
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The amount of Bitcoin held by crypto exchange BitMEX has fallen roughly 25% since the sudden crypto crash in March. The amount of Bitcoin (BTC) held by crypto exchange BitMEX has fallen by 25% in the past few weeks. During the crypto bloodbath on March 12, Bitcoin (BTC) fell 50% from a price over $10,400…
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The Ministry of Economic Development of the Russian Federation introduced a draft law that would allow the testing of crypto in a regulatory sandbox. Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment. The Ministry of Economic Development of the Russian…
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Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. In times of economic turmoil, investors shed riskier assets and acquire less volatile ones. This is known as “flight…
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The head of operations at Genesis Mining thinks the value of Bitcoin as a hedge against banks may grow in face of economic meltdown. Philip Salter, head of operations at Genesis Mining, believes that economic meltdown may lead to a growing value for Bitcoin as a hedge against the banks. In the last couple of…
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Goldman Sachs sets the record straight on the apocalyptic ‘investee call’ that set social media on fire. An apocalyptic account of Goldman Sachs ‘investee call’ went viral on social media faster than the coronavirus — and now the investment bank wants to set the record straight. The story snowballed after first being reported in a…
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Wilshire Phoenix CEO Bill Herrmann sees the Fed’s latest capital injections as tiny, meaning Bitcoin is even smaller. The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO…
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks. One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with…
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China continues to get ahead in the CBDC race, but will Japan attempt to counter it with its own digital currency? China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the…
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