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Marzena Karpiak
After noting increases equal to 4% in the last 24 hours, Bitcoin (BTC) hits the level of USD 9,000 for the first time in a week. Altcoins are also going up in price fast. Tezos, Binance Coin and Bitcoin Cash are among the leaders.
The eleventh cryptographic project in terms of market capitalization is on a winning streak. Yesterday, the LINK token exceeded its highest price level, the so-called all-time high (ATH).
BaFin, a German regulator, has just set guidelines so as to clarify the status of cryptocurrencies in Germany. According to the guidlines, the country officially recognized cryptographic assets, such as Bitcoin (BTC), as a financial instrument. Moreover, the depositors of such assets (including trading platforms) are regarded as financial institutions and, in order to be able to operate legally in the country, it is necessary for them to obtain a license from the regulator.
Bitcoin is often referred to as the king of all cryptocurrencies. Why did it earn it and does it deserve a nickname like that? One is for sure, Bitcoin's dominance in the cryptocurrency industry should not be questioned.
When banks refused to cooperate with marijuana clinics, stakeholders were forced to look for a new solution. As a consequence of this, the market was flooded with a great number of cryptocurrency projects related to the industry.
As mainstream media show, a kind of a sale was apparent on the cryptocurrency market. The headlines report that Bitcoin was attacked by the coronavirus. How does it really look like? Are we frightening ourselves?
It looks like Ethereum (ETH) is going to follow Bitcoin (BTC) which recorded a price fall for the third session in a row. The value of ETH, however, goes down much more rapidly as since yesterday the price of the coin has dropped by over 10%. What comes next?
Both the spread of the coronavirus to other countries as well as investors' fears about economic consequences resulted on Monday in sharp declines on the stock markets in the United States and Europe. The cryptocurrency market was affected too as Bitcoin's (BTC) value dropped 3.6% to USD 9,500. The cryptocurrencies that dropped the most in value are Tezos, Chainlink and Binance Coin, though.
Supposedly, the Russian security services and the central bank have come to an understanding on the topic of cryptocurrencies. The organs' intention is to not allow cryptocurrencies as a means of payment on the territory of Russia.
A great number of scam cases have been noted in the cryptocurrency space. For example, the fraudsters try to extort money from the cryptocurrency buyers by citing an influential person. In the case like that, the image of a public figure is used unlawfully, of course. Some time ago, a popular Slovak cyclist, Peter Sagan, fell victim to such an incident.
Steve Chen confessed to commiting a Gemcoin fraud. The man, with the use of the fake cryptocurrency that was allegedly backed by precious stones, raised around $147 million from over 70,000 investors from around the world.
In the new financial reform plan, Michael Bloomberg advocates for creating a clear regulatory framework for cryptocurrencies. The framework includes principles that should clarify the status of cryptographic assets in the financial system. The billionaire and media magnate seeks to obtain, for instance, greater government oversight and better consumer protection.
Various kinds of research shows that paper money is a hotbed for a variety of bacteria. What is more, in the United States the majority of banknotes in circulation is additionally contaminated... with cocaine. A new threat connected to the use of government paper money has appeared recently - a deadly virus. China has just made an announcement in which it stated that in order to stop the spread of the coronavirus, the authorities are about to disinfect all banknotes in the country which are in use.
Why is it worth having at least a fraction of Bitcoin? What are the long-term forecasts for this asset? In what cases it could be helpful?
FC Barcelona, a football powerhouse from Spain, has joined forces with the Chiliz platform so as to create a blockchain-based token designed for over 300 million Barca fans around the world. Fans will be able to buy the BAR token as soon as in the second quarter of this year.
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