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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 ...

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 ...

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 (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...

Chinese Bitcoin mining giants, Poolin and f2pool have witnessed substantial growth in their daily BTC block reward in January 2020. The dominating mining pool, BTC.com has dropped in the reward earning. This is how the tables are turning, prior to the highly-anticipated third halving. In the last couple o f weeks, Bitcoin has gone through some wholesale changes in its mainstay metrics. Take into consideration the example of the Bitcoin hash rate, which recorded its new all-time high just recently , has now entered a declining phase. The dominance, which usually hovers around 70 %, has now fallen close to the 60% mark. A pivotal part would be played by these elements on the price prior to the Bitcoin halving. F2pool is recording the highest BTC block reward earnings when it comes to the known mining pools . Elias Simos, a senior research analyst at Decentral Park, tweeted : Elias Simos @eliasimos A lot of reshuffling in the $ BTC mining game sin...

The price of ETH was able to secure support close to $158 and began a new increase, just like Bitcoin. The crypto i s securing momentum and may soon surge over the hurdle at $170. In the previous d ay , there was a short-term downside retracement in ETH/USD from the hurdle at $172. The price of ETH moved below the support at $165 and extended the decline to $160 . Nevertheless, the price found well-established support close to $158 and the 100 hourly SMA. There was the formation of a moderate support base close to $158 and i n recent times, the price began a new increase. Further, the price was able to breach the major bearish channel with resistance close to $165 on the hourly chart of ETH against the USD, which was noted in the previous day. Currently, the price is close to $165 zone. A successful surge over the hurdle at $165 could take t he price higher towards $170 and $172. Any additional upside may lead to $180 area. There could be re...

The price of EOS surged past the overhead hurdle at $2.8695, reaching somewhere near the d owntrend line today. Nevertheless , it failed to surge past the downtrend line and turned back from just under it. The ability of the EOS/USD pair to secure support at the 20-day EMA could p rompt the buyers to try to break out of the downtrend line once again. The occurrence of such break out will lead to a rally towards $3.50 and over it to $4.24. Contrariwise, the failure of the buyers to maintain the price over $2.5804 could prompt a d ecline to $2.4001. As for XMR against the USD pair, there was a sharp rally that led its price over the overhead hurdle at $57.1199. Nevertheless, the buyers may be able to maintain the level, signaling aggressive selling by the sellers at higher levels. T he price may now decline to the 20-day EMA. The ability of the buyers to hold the level could strengthen them to try to scale and maintain a level over $57.11. Traders should focu...

The Simplecoin , which is a cryptocurrency Mining Platforms , focuses on accessibility and will be shutting down in the new year . The single currency is a cryptocurrency Mining Platforms that is focused on convenience . If sources are to be believed , then it will be shutting down in the new year. This happened due to the  European Union impl ementation of Anti Money Laundering directive. Additionally, it will force the Simplecoin to adhere to the new know your customer (KYC) policy. It is an anti- money policy tha t is to comply with the legislature that stands against what Simplecoin believes in.   Shutting down of Simplecoin   According to the sources, the Simplecoin will be shut down during J anuary 1st, 2020 . This happened due to the European Union fina l regulation that is for a new Anti-money directive. It will force Simplecoin to adhere with the new KYC and anti-money policies. Moreover, this platform is based in the Net...