Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and cryptoBTC $6675 (-0.6%) • ETH $136 (-2.3%) • XRP $0.16 (-0.5%)
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No market or facet of the economy has been spared amid the coronavirus crisis, crypto included. Case in point: since the $10,500 high seen in mid-February, the price of Bitcoin has cratered by 36 percent, posting similar losses to markets like American equities and commodities (namely oil). What’s worrying is that a V-shaped economic recovery that optimists were hoping for is believed to be unlikely to happen: consumer spending, especially spending on discretionary items, is likely to be much lower, even on the recovery, while it seems that the world has seen its worst unemployment shock since the Great Depression of the 1930s. Put shortly: the economy could soon be the weakest it has been in decades. More news ⏬Why the world’s biggest crypto exchanges are making a big bet on India
Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX. Binance to raise $5 million to help with the global pandemic
Binance announced that it is looking to raise $5 million worth of cryptocurrencies to help the most affected countries tackle the ongoing global pandemic. Why this cryptocurrency just surged 16% on news of a key Binance partnership
Basic Attention Token (BAT), the native cryptocurrency of the Brave Browser, spiked by more than 16 percent following a Binance trading widget integration. Shift of Bitcoin from “weak to strong hands” may be an impetus for massive momentum
The recent volatility within the cryptocurrency markets has led a significant amount of Bitcoin to change hands, with massive selling pressure overwhelming buyers and resulting in a capitulatory decline that led it to drop from highs of $10,500 to lows of $3,800. Crypto.com enables invoice creation in BTC, ETH, XRP and LTC
Cryptocurrency payment platform Crypto.com announced the launch of a new invoicing feature. The feature will allow Crypto.com Pay merchants to generate and send invoices to customers in BTC, ETH, XRP, LTC, ETH and CRO. What else?📉 This analyst believes Ethereum has a “cursed chart” and that new lows are coming 🇺🇸 The White House’s $6 trillion stimulus package is astronomically bullish for Bitcoin; here’s why 🦠 CNBC’s CryptoTrader host creates $10m relief fund to help startups affected by COVID-19 Featured event
🗓 April 16-17 • Virtual Event This spring the crypto community will head online to participate in the first-ever BlockDown 2020remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more Featured sponsors💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto