march 2020

Staked Token Supply Doesn’t Correlate with Price, Says Messari Analyst

Source Node: https://cointelegraph.com/news/staked-token-supply-doesnt-correlate-with-price-says-messari-analyst
Time Stamp: April 3, 2020 3:31 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As cryptocurrency markets are highly volatile, crypto players can’t stop arguing about what really impacts the price of certain coins and what does not.Some crypto pundits believe a larger amount of tokens staked in Proof-of-Stake (PoS) blockchains could push the price upwards by reducing the circulating supply, making the remaining tokens more valuable. But blockchain and crypto analytics firm Messari has crunched the numbers and reports that there is little correlation between the two.Announcements correlate with price thoughIn an April 1 blog post, Wilson Withiam, a researcher at the Messari

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving
Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

Pandemic Is Changing Bitcoin Usage in ‘Unexpected Ways,’ Says Chainalysis

Source Node: https://cointelegraph.com/news/pandemic-is-changing-bitcoin-usage-in-unexpected-ways-says-chainalysis
Time Stamp: April 2, 2020 6:05 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways.In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Weakening correlation could be a boon for Bitcoin merchant services, says reportChainalysis reported that one such change in trend shows resilience among Bitcoin merchant services in the current economic crisis. For example, the firm’s data for Bitcoin spending using

Doing Well by Doing Good: 5 Reasons Why it Works

Source Node: https://www.bitcoinmarketjournal.com/doing-well-by-doing-good-5-reasons-why-it-works/
Time Stamp: April 1, 2020 7:38 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

“Do well by doing good.” The phrase has a deep meaning during this time in human history. In a nutshell, it means that companies that do good (i.e., help out during the Coronacrisis) will do well (i.e., make money and thrive). This is counter-intuitive. Logically, you would not help out during a recession: you would lay off workers, conserve your remaining cash, and “hunker down,” to use an unfortunate phrase. Here are a few reasons why the opposite is true. Your name gets out there. Many of our clients are

With Reserve Requirement for Banks Set to Zero by the Fed, You Need to Think Making Bitcoin Your…

Source Node: https://medium.com/in-bitcoin-we-trust/with-reserve-requirement-for-banks-set-to-zero-by-the-fed-you-need-to-think-making-bitcoin-your-6b358acb264f?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 10:04 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

If you continue to trust the banks, it will be at your own risk.The month of March 2020 is forever etched in history. The strong spread of the coronavirus around the world will have played the role of trigger in the economic crisis announced for years… Source: https://medium.com/in-bitcoin-we-trust/with-reserve-requirement-for-banks-set-to-zero-by-the-fed-you-need-to-think-making-bitcoin-your-6b358acb264f?source=rss-------8-----------------cryptocurrency