On March 11 at 4:56 p.m. UTC, Tedros Adhanom Ghebreyesus, the director of the World Health Organization, stated that COVID-19 can be characterized as a pandemic. Industry experts consider the global uncertainty around this respiratory disease — from travel bans imposed by governments across the globe to the continuing global market turmoil — to be a trigger of the cryptocurrency market’s painful crash. Most cryptocurrencies saw their biggest 24-hour price drops in a single 24-hour period. The strong downward trend started off around 6:00 a.m. UTC on March 12 and continued until the morning of March 13. Ether (ETH) took …
The volatility of the cryptocurrency space was on full display again on Monday as several altcoins experienced gigantic price rebounds following the market crash of the past week or so. Two altcoins, in particular, doubled in value in just over 12 hours leading into Monday morning as Polygon (MATIC) and Maker (MKR) recorded over 100% growth amid a strong market bounce. Polygon had climbed from a valuation of $0.75 late on Sunday afternoon to a peak of $1.51 by early Monday morning — marking 101% gains in less than a day. The rapid rebound comes shortly after Polygon suffered 72% …
The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains. Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action. While there are concerns about the recent large Bitcoin inflows into South Korean exchanges by BTC whales, fundamentals factors like miner sentiment and decreasing supply are keeping investors feeling relatively optimistic about Bitcoin’s future price prospects. A growing number of experts have voiced their …
According to Max Keiser, host of popular RT show the Keiser Report, it is only a matter of time before Warren Buffett’s Berkshire Hathaway will invest in Bitcoin (BTC). Not long ago, Buffett sold most of his positions in major banks and bought shares in Barrick Gold — a large gold mining company. For Keiser, this represents a U-turn in Buffett’s investing strategy: “This will be the beginning of a huge transition out of financials, which he dumped recently into gold. And then, therefore, he, or whoever takes his place, will soon be moving into Bitcoin.” After years of bashing …
For years, tribalism has plagued the blockchain industry. Developers align to specific consensus protocols and defend technologies that use them, regardless of their limitations. These deeply rooted divisions are slowing the innovation needed to scale blockchain for future adoption. The enterprise market is only beginning to understand the promise of blockchain, and that promise will be difficult to achieve until blockchains can communicate and cooperate with each other. To achieve this, developers, companies and hobbyists alike must be able to leverage every platform without being locked into one simply because the platform developers are not working together. Blockchain can bring …