Coronavirus and Three Major Reasons Why Bitcoin Price Broke Below $9.4K

Bitcoin price has dropped to a 3-week low as disinterest from dip-buying bulls increases the chance of a revisit to the 200-DMA at $8.8K. Bitcoin price (BTC) dropped another 3.07% on Feb. 25, marking the second day of losses as global equities markets sharply corrected on fears of the Coronavirus spreading to more countries. Crypto market daily price chart. Source: Coin360 Tweezer tops show supports becoming levels of resistance The price dropped below what analysts have labeled as crucial support at $9,450-$9,400 to a new 3-week low at $9,281. Similar…

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Wikileaks Gathers $37M in BTC Since 2010 – Over $400K Sent After Julian Assange’s Arrest

The world was shocked when Wikileaks cofounder Julian Assange was arrested in April after being cooped up in the Ecuadorian Embassy in London since 2012. Following his arrest, the original Wikileaks bitcoin address saw significant support as $32,000 worth of BTC poured into the wallet in two days. Since 2010, Wikileaks’ address saw 4,043 BTC donated or around $37 million at today’s exchange rates. Moreover, Wikileaks has gathered over $400,000 in BTC donations since Julian Assange was taken into custody last spring. Also Read: Tradeblock Estimates Post-Halving Mining Cost of…

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Unity in Europe — DGen’s Conclusion to Fueling Blockchain Innovation

By proposing the united regulatory framework for blockchain and crypto spaces, Europe would have a chance to surpass its main competitors: China and the U.S. Besides China’s ongoing struggle with the coronavirus, one of the defining narratives for the world’s largest country entering the new decade was its central bank-issued digital currency. Reportedly in its final phase of testing and ready for rollout in 2020, the Chinese CBDC has sparked speculation and intrigue from governments around the world. Just recently, a Federal Reserve governor detailed how the United States central…

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Bank of Canada Prepares for Digital Currency “In Case One Is Needed”

Bank of Canada is preparing for creating its own digital currency to defend the Canadian dollar and monetary sovereignty. Although the Bank of Canada has no plans for issuing a digital currency immediately, the Central Bank is not ruling out the possibility of launching one due to potential mass adoption of private digital currencies — and the possibility of cashless societies. Bank of Canada Deputy Governor Tim Lane spoke at FinTech RDV 2020 in Montreal, and declared that although at the moment there is “not a compelling case” for a…

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Blockchain Proves Warren Buffett Holds Crypto Gift, Says Justin Sun

Warren Buffett recently said that he does not own any cryptocurrency, but Tron founder Justin Sun said that this is not the case. Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ.  Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said that he does not own crypto and derided its supposed lack of purpose:  “I don’t own any cryptocurrency. I never will […] You can’t do anything with it except sell it to somebody else.” However,…

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Crypto Goes Plastic — Coinbase’s Visa-Approved Solution Suggests Growth

Coinbase is the first crypto company to become a principal partner of the payments giant. Will crypto debit cards soon become commonplace? On Feb. 19, Coinbase announced that it has become a principal member of Visa. In an apparent first for the cryptocurrency industry, the firm is now able to issue debit cards without having to involve third parties. Prior to that, Coinbase had been releasing its physical cards in collaboration with authorized intermediaries, similarly to dozens of other crypto companies that offer such options to their clients. While Coinbase…

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The Mystery of Warren Buffett’s Missing Crypto is Solved

Warren Buffet donates cryptocurrency to charity, claims CNBC reporter. The mystery that has haunted the crypto community for years… days… is finally resolved. We may never know the true identity of Satoshi Nakamoto, but we just cracked the second greatest mystery in the history of Bitcoin (BTC): what happened to the Bitcoins that Justin Sun supposedly gifted to Warren Buffet? The Sun — Buffett Bitcoin and TRX saga Justin Sun claimed that during his much-discussed lunch with Warren Buffet, he presented the crypto-skeptic with a Galaxy Fold phone which contained…

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Bitcoin History Part 24: Celebrating the First Halving in 2012

As the third Bitcoin halvening approaches, a handful of OGs will wistfully recall the first such event, which occurred in November 2012. Back then, following the completion of block 210,000, the mining reward halved from 50 to 25 BTC. To commemorate the milestone, early adopters threw parties throughout the world, from Tel Aviv and Macau to Munich and Helsinki. Also read: Get Ready for the Bitcoin Halving – Here Are 9 Countdown Clocks You Can Monitor A Community Comes Together The first Bitcoin halving was a big deal, eagerly talked…

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Coronavirus & 3 Technical Reasons Why Bitcoin Price Broke Below $9.4K

Bitcoin price has dropped to a 3-week low as disinterest from dip-buying bulls increases the chance of a revisit to the 200-DMA at $8.8K. Bitcoin price (BTC) dropped another 3.07% on Feb. 25, marking the second day of losses as global equities markets sharply corrected on fears of the Coronavirus spreading to more countries. Crypto market daily price chart. Source: Coin360 Tweezer tops show supports becoming levels of resistance The price dropped below what analysts have labeled as crucial support at $9,450-$9,400 to a new 3-week low at $9,281. Similar…

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$257 Million ICO Project Filecoin Has New Launch Schedule, Gemini Custody Solution

After facing delays, $257 million ICO Filecoin expects to launch its mainnet in Q3 2020, with Gemini offering custody support. After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution. Filecoin will send ICO participants their FIL coins on Gemini’s custody platform after the project’s expected Q3 launch, Gemini said in a Feb. 25 announcement. A file storage solution The Filecoin project is a decentralized storage system based in the cloud. Its InterPlanetary…

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