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Showing posts from March, 2020

Crypto Users Activity During COVID-19 Pandemic Across Globe

COVID-19 pandemic has caused uncertainty in the global financial market. The world economy is going through a very t ough time due to the coronavirus outbreak . Amid this, it could be seen that the crypto market is still giving some hopes to the global economy. Crypto users across the world have started believing bitcoin and other digital assets as a safe-haven amid this crisis .     Cryptocurrencies have also seen s ome adverse effects due to the outbreak worldwide. Crypto market has also gone down to its lowest in this month due to COVID-19 but soon returned to its revival. LongHash’ s report looks at pearson correlation scores  In the  report  by LongHash, the user activities on cryptocurrencies have been recorded amid this pandemic. The report has focused on the top ten c ryptocurrency and the crypto users activities on them. According to the Pearson correlation scores that has been used to identify the patterns of close correlation , it ...

SilkRoad Founder Ross Ulbrichts's Celenbrates Another Birthday in Prision

The creator of the silk road, Ross Ulbricht, turns 36 today and like the last six years, he would be celebrating it in prison again. Ross Ulbricht is a convicted felon and he is serving two life sentences for his involvement in the silk road fiasc o. He cited a libertarian paradise as the reason to bring silk road into existence, but then it went downhill. He stated "Silk Road was   supposed   to be about giving people the freedom to make their own choices , to pursue their own happiness. However, they individually saw fit. What it turned into was, in part, a convenient way for people to satisfy their drug addictions." The e uphoria of free-market which Ulbricht catapulted to the forefront lasted for a couple of years, starting from 2011, till an iron fist was put on i n 2013, when Ross Ulbri cht was arrested and put behind the bar in 2013, by the FBI. He is in their custody for years now. When the trails against the accused were carried o ut, he was found ...

FDIC Advices to Use Bitcoin, Says Avoid Dollar Storage

In a bizarre change of events, bitcoin is being propagated by the US federal deposit insurance c ooperation, (FDIC) as they are telling people not to stock up with dollars. The reason cited is that it is not the brightest idea to load dollars t ho me as it's not safe; they are asking consumers to choose an FDI C haired institution to bank with. With the insurance limit of $250,000, FDIC is a g overnment agency tasked with protectin g the financial s ystem of the country, and it's investors . Interestingly, this development comes at a time  when the board is announcing infinite cash supply and rates being slashed massively.   FDIC Gov ✔ @FDICgov Forget the mattress! Keeping large sums of cash at home is risky. The best place to protect your money is in an FDIC-insured bank where it’s safe and sound. Learn how the FDIC safeguards your # money at http:// FDIC.gov/deposit   1,052 7:45 PM - Mar 24, 2020 Twitter Ads inf...

Bitcoin's Volatility Extreme, Feels Like 2013 All Over Again

Bitcoin (BTC) price is experiencing a to psy-turvy ride right now with extreme bitcoin volatility resulting in a difference of $1350 in the high and low record of yesterday. Bitcoin was o n the brink of $ 7,000 yesterday in the early morning, but when approaching its end, it was lingering around the massive low of $5,565. It prompted a release from a top derivative and crypto trader, TraderXO who stated : TraderXO @TraderX0X0 Wild af out there... wew - ill just enjoy watching the charts for now.. Been a solid day not going to over trade 135 3:46 AM - Mar 21, 2020 Twitter Ads info and privacy See TraderXO's other Tweets On Coinbase platform , the hourly chart was incredibly heightened , the price dwindle then went up in consecutive hours by more than $500. The volatility index is off the rails right now and   keeps fluctuating at a blistering pace , way more than what we've witnessed in the l...