Coronavirus

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Bitcoin Soars to Its Highest Level Since Crashing in March

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Bitcoin hit $7,600 on Thursday, its highest level yet since crashing in early March. The cryptocurrency climbed more than 10% during the last 24 hours spurred by the return of leveraged money. Bitcoin cash (BCH), ethereum (ETH), and ripple (XRP) all rose above 4% to $239, $189, and $0.19, respectively. The digital asset litecoin (LTC) … Read more

Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations

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Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain that the Fed’s monetary policies will lead to hyperinflation in … Read more

Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days

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Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained below $100 million in the nine months to January … Read more

Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report

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Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by the coronavirus-induced stock market tailspin. With its correlation to gold jumping to all-time highs, BTC … Read more

Blockchain Outfit Orbs Launches a new Coronavirus “Challenge” app

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As more and more people remain forced to spend time in self-quarantine, it becomes pertinent to find something new to do. Orbs, an Israeli blockchain firm, is looking to “gamify” quarantine through its new application. The coronavirus lockdown and self-quarantine is far from over in most countries around the world. A new Coronavirus Challenge of … Read more