The world is quickly moving away from cash for payments. The trend shows promise for long-term Bitcoin and cryptocurrency adoption.
In joint research between The Economist Intelligence Unit and Crypto.com show that attitudes towards cash are quickly changing.
In the early days of Bitcoin, the only way to make a profit was to buy and hold. Many of the wealthiest people in crypto today are early adopters who used this strategy.
However, volatile assets like Bitcoin go down in price almost as often as they go up. If users only hold long positions, then they’re vulnerable to market downturns. Shorting Bitcoin thus offers an opportunity to make money when the price goes down.
As nations throughout Europe wrestle with how to contain the spread of COVID-19, several research units have been developing tracking solutions to help detect ill citizens. Not all of these solutions, however, offer equitable privacy measures for users.
One offering could even spell the end of privacy rights for Europeans.
On-chain and technical metrics suggest that Zcash, a privacy-centric cryptocurrency, reached a local top, which could have severe implications for the rest of the crypto market.
ZEC’s Social Volume SkyrocketsZcash is up nearly 13 percent over the past 24 hours. The privacy token rose from hovering around $29.7 to recently hitting a high of $47.6.
dForce’s money market arm, LendfMe, was drained of $25 million in a known smart contract exploit. The incident comes less than a week after a $1.5 million raise.
MakerDAO is getting recommendations to incorporate Chainlink as collateral, which could prove advantageous for LINK’s price.
Improving DAI’s Liquidity With ChainlinkOver the past month, DAI has been trading between 200 and 300 bps above its peg ratio. The lack of stability poses a significant threat to MakerDAO, potentially pushing DeFi to other decentralized stablecoins, like Terra or Ampleforth. This jeopardizes Dai liquidity across major exchanges.
Renaissance Technologies’ flagship Medallion fund has returned 24% year-to-date while most institutional funds have taken a beating.
The first quarter of 2020 was characterized by market turmoil caused by the coronavirus pandemic. How did cryptocurrency sentiment fare during those tumultuous months?
Crypto SentimentCrypto sentiment ratings have been recently released by trading platform eToro, using data from analytics firm TheTIE. Both short-term and long-term sentiment was measured in their report.
The first quarter of 2020 was characterized by market turmoil caused by the coronavirus pandemic. How did cryptocurrency sentiment fare during those tumultuous months?
Crypto SentimentCrypto sentiment ratings have been recently released by trading platform eToro, using data from analytics firm TheTIE. Both short-term and long-term sentiment was measured in their report.
Once the most important Bitcoin exchange, Tokyo-based Mt. Gox ultimately went into bankruptcy in 2014. Why did the exchange blow up?
All Rights Reserved. Copyright , Central Coast Communications, Inc.