Recreational

The Effect of Coronavirus on the Cryptocurrency Market

Source Node: https://coinrabbit.io/blog/the-effect-of-coronavirus-on-the-cryptocurrency-market/
Time Stamp: December 30, 2020 5:58 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The year 2020, has been greatly eventful. From threats of a world war, to increased terrorist attacks. A biography on the life of the year 2020, would not only be a bestseller but also an excellent read. However the most significant single event of this year is and has been the coronavirus (COVID-19) pandemic, at its global takeover. From a regular virus, one that was once considered to be not worse than a cold flu, to transition into a global pandemic outbreak. The COVID-19 pandemic has affected every aspect of

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