Cryptocurrency News Roundup for March 26, 2020

Cryptocurrency News Roundup for March 26, 2020
фото показано с : beincrypto.com

2020-3-27 10:48

Despite all the hardships faced recently, the Bitcoin network is still growing in more ways than one. For example, the number of Bitcoin wallets continues to grow, according to recent data from blockchain.com. Similarly, total transactions on the network are on the rise and there is a steady demand for Bitcoin mining machines (even though, the mining industry as a whole is struggling at the moment).

Of course, not everything is hunky-dory from a trading point-of-view. So, let’s take a quick look at some of the finer details emanating from the market (along with other important updates) in today’s crypto news roundup for March 26.

Bitcoin’s Bullish and Bearish Scenarios Since March Low

The bearish scenario suggests that the BTC price has just finished the fourth wave of a five-wave Elliott formation. Therefore, this is just a retracement in response to the previous downward move and the price will eventually settle at a lower-low, completing the fifth wave.

In a more bullish scenario, the price has already begun the next upward movement and this is the first wave in said movement.

Read the Full Analysis

Record USDT Balances on Exchanges

In the past week, the Tether Treasury has proceeded to mint USDT in record numbers virtually every day. For example, the largest stablecoin issued another 180M USDT Tuesday. It seems that much of the new USDT issued is going straight into exchange wallets. We do know that Binance experienced a shortage of USDT last month, so the timing is somewhat mysterious.

Read the Full Article

BitBay Faces Outage, Says the Issue is ‘More Complicated’ Than Thought

BitBay experienced unexpected downtime early on Thursday with the exchange attributing the outage to “a network problem of our external service provider.” Around four hours after the original tweet, the exchange updated its users on the ongoing situation simply stating that the issue was “more complicated” than initially thought.

Read the Full Article

US Stocks Pump Even as the Economy Suffers

Stocks rallied today after the United States posted the highest-ever weekly unemployment claims. This is a tell-tale sign of how the financial markets have become decoupled from the ‘real’ economy.

Across the board, financial markets saw gains despite more Americans being added to the unemployment rolls in a single week than ever before. The Dow Jones is also up 4.46% on the daily today as well.

Read the Full Article

Bitcoin Scammers Use Coronavirus Pandemic to Extort Money

In a pathetic excuse for an extortion attempt, a Bitcoin scammer demanded that victims pay $4,000 in BTC. The bad actor(s) then posted a Bitcoin address giving the victim 24 hours to make the payment. If not, the scammer claims, ‘I will infect every member of your family with the CoronaVirus.’

The false threat elicited laughs from replies and shows just how desperate Bitcoin scammers have become amid this pandemic.

Read the Full Article

California Governor Mentions Bitcoin in COVID-19 Speech

The world’s most popular cryptocurrency was mentioned during Gavin Newsom’s recent speech on California’s response to the COVID-19 pandemic. During the live stream, the Californian Governor cautioned the public against sending money or Bitcoin to anonymous individuals on the internet in light of shortages due to the COVID-19 outbreak.

Read the Full Article

The post Cryptocurrency News Roundup for March 26, 2020 appeared first on BeInCrypto.

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Источник: beincrypto.com

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Фото:

Bitcoin Sharks Continue Accumulation, But Whales Stagnate

On-chain data shows the number of Bitcoin sharks has continued to increase recently, but the whale count on the network has hit stagnation. Bitcoin Sharks Have Continued To Go Up In Number Recently According to data from the on-chain analytics firm Santiment, the number of whales on the Bitcoin blockchain has observed a slight decline during the last couple of months.

2023-7-24 17:30


Фото:

A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions […] The post A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC appeared first on Bitcoin News.

2020-6-6 23:28


Фото:

Bitcoin going down, purchases for Bitcoin – grows

Coin2Shop analysts have published data about the number of buyers who use BTC and ETH to pay for goods in online shops has increased. And if in August the number of users of the company’s plug-in did not exceed 400 accounts, and the number of purchases for cryptocurrency was almost half less – 231 transactions […] The post Bitcoin going down, purchases for Bitcoin – grows appeared first on ZyCrypto.

2018-12-5 10:45


Фото:

eToro Seal Huge Premier League Football Advertising Deal

eToro, the FOREX platform come crypto trading platform have signed a huge advertising deal that will see the platform sponsor seven of England and Wales’ Premier League football teams. This is important for cryptocurrency adoption as it is set to expose a number of people to the idea of cryptocurrency and Bitcoin and may of course encourage some new investment, through the eToro platform.

2018-8-21 16:30


Exodus Cryptocurrency Wallet Adds Ripple (XRP) Support along with TrueUSD Stablecoin

Exodus Wallet Introduces Support for Ripple (XRP) Users, Also Begins Auto-Updates Ripple, while gaining a reputation for a number of reasons, like having a strong transaction speed, application by credit companies like American Express, and a number of lawsuits, hasn't really been as widely accepted as its bigger cousins Bitcoin and Ethereum. For Exodus, at […]

2018-8-18 20:16


Фото:

China, Ripple’s Number One Priority

The enigma of the Chinese economy is hard to miss. From top tech firms to the most promising blockchain and cryptocurrency start-ups, entry to the Chinese market is a huge strategic step. Ripple, the company behind the xCurrent and xRapid payment platforms and the cryptocurrency XRP, is eyeing this market and hoping to bring its blockchain-based […] China, Ripple’s Number One Priority was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-17 16:15


Фото:

New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s network can process as its most significant problem.

2018-8-15 12:00


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