Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time.
According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month.
The March 13 market crash that brought the Bitcoin price from $8,000 to a low of $3,800 in 24 hours registered the biggest day for crypto in terms of trading volumes registered at Bitcoin spot markets. On March 13 alone, total daily volumes hit an all-time high of $75.9 billion.
Steven Waterhouse is the CEO and co-founder of Orchid, a privacy tool built on Ethereum designed to let people explore the internet freely.
With the global coronavirus pandemic confining billions to their homes, masses of workers everywhere are adjusting to remote work for the first time. This shift is forcing us to negotiate a new reality where there is no demarcation between work and personal spheres. In this moment, we must be extra vigilant about data privacy. Just as it’s essential that we wash our hands to ward off disease, we must now establish habits of data privacy to protect our digital lives.
Researchers at the Bank for International Settlements (BIS) think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies (CBDC).
They issued their forecast in BIS’ April 3 Bulletin. COVID-19 is changing the public's relationship with cash, they said, despite the scientific community’s consensus that coronavirus transmission via banknote is relatively unlikely.
“Irrespective of whether concerns are justified or not, perceptions that cash could spread pathogens may change payment behaviour by users and firms,” the researchers said.
In 1933, the US banned the hoarding of gold and ordered citizens to deliver their gold to the Fed.
While it's more difficult to ban crypto, just remember - not your keys, not your coins.
A sharp global recession seems to be inevitable. Could the US or any other government shut down crypto exchanges or ban the ownership of cryptoasset?
At first glance, this seems like an extreme and unlikely scenario. However, figures within the crypto industry believe that it could become a real possibility if, in the US case, USD suffers severe inflation during a long recession.
Microsoft has acknowledged that the quarantined gamers are putting a strain on its Azure cloud platform which is a backbone of the company’s Blockchain As a Service (BaaS) offering.
In the SEC filing, Microsoft addresses the impact of “the global health pandemic” on its Azure cloud services. The company admits that in certain regions “deployments for some compute resource types (...) drop below our typical 99.99 percent success rates”. Furthermore, Microsoft confirms that “Xbox Live [is] putting a strain on overall Azure capacity”:
“As a result of the surge in use over the last week, we have experienced significant demand in some regions (Europe North, Europe West, UK South, France Central, Asia East, India South, Brazil South) and are observing deployments for some compute resource types in these regions drop below our typical 99.99 percent success rates.”
"If you are a current validator, please ensure you upgrade before April 5."
"Bidesk will list NEO (NEO) and open trading for NEO/BTC and NEO/USDT trading pairs at 2020/04/05 11:00 AM (UTC)."
Funding the Future Virtual Hackathon from March 15th - April 6th.
@cryptopassionHere is the chart of my last analysis :
Here is the current chart :
I updated the triangle with the chart of the last days and we can see that the consolidation and compression should soon finished. We should have a break out quiet soon and when we see the size of that triangle, be prepared for a big move. Let's hope it will go in the direction you are expecting.
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