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  • Bitfury Latest to Donate Crypto Mining Power to Coronavirus Research

    Bitfury Latest to Donate Crypto Mining Power to Coronavirus Research

    Bitcoin News News
    Blockchain tech firm Bitfury has donated some of its GPU-based computing power towards coronavirus research. The Amsterdam-based firm said Tuesday it had dedicated its GPU computer nodes to the "[email protected]" coronavirus research project. Run by Washington University, the project has been asking for computer processing power to run simulations for coronavirus protein structure that could ultimately help develop a vaccine. "Our contribution of highly efficient computing power pales next to the selflessness and sacrifice of our…
  • As Crypto Prices Reeled in Q1, These Coins Stood Out

    As Crypto Prices Reeled in Q1, These Coins Stood Out

    Bitcoin News News
    The first quarter of 2020 will be remembered as a period when the coronavirus-led uncertainty set off a liquidity crisis in financial markets, forcing investors to sell everything, including bitcoin (BTC). The top cryptocurrency, often touted as a safe haven, fell by 10 percent in the first three months of 2020.  While the cryptocurrency eked out 30 percent gains in January amid the U.S.-Iran tensions, it could not withstand the bearish pressures emanating from the global…
  • Coinbase Pumps $1.1M USDC Into DeFi Sites Uniswap and PoolTogether

    Coinbase Pumps $1.1M USDC Into DeFi Sites Uniswap and PoolTogether

    Bitcoin News News
    Coinbase is putting its digital dollars where the traction is.  Announced Wednesday, Coinbase has deposited $1.1 million in USDC stablecoins into the pools powering two of the most popular decentralized finance (DeFi) applications on Ethereum: Uniswap and PoolTogether. The investment comes via the USDC Bootstrap Fund, which the company launched in September 2019. "With USDC, we hope to provide critical infrastructure that will enable DeFi to grow and increasingly compete with existing financial products," Coinbase wrote…
  • Bitcoin News Roundup for April 1, 2020

    Bitcoin News Roundup for April 1, 2020

    Bitcoin News News
    For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Today's Stories: Bitcoin All-Time High in 2020? Chances Are Only 4%, Options Market Signals GitHub Is Burying Bitcoin Code Inside an Arctic Mountain to Ride Out the Next 1,000 Years Remote Working Proves Unexpected Hero as Half of US Economy Shifts to Home Offices For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Read more about... SecurityPodcastCoinDesk…
  • Miners Return to Market As Bitcoin Price Rebounds Above $6,000  Tony Spilotro  AMFEIXRelated NewsGoldman Sachs’ Call to

    Miners Return to Market As Bitcoin Price Rebounds Above $6,000 Tony Spilotro AMFEIXRelated NewsGoldman Sachs’ Call to

    Analysis Bitcoin News
    Bitcoin price has made a strong recovery over the last week or so, nearly doubling in value from the lows it set during the extreme, panic-induced selloff earlier this month. And as price has made a recovery, Bitcoin miners have begun returning to the market, turning back on their rigs, as can be seen by an increase in hash rate. Hash Rate Recovers After Deadly Panic-Induced Selloff Bitcoin is a unique financial asset in the fact…
  • Bitcoin Near Key Fib Extension Resistance, Can Bulls Spark A New Rally?  Aayush Jindal  AMFEIXRelated NewsGoldman Sachs’

    Bitcoin Near Key Fib Extension Resistance, Can Bulls Spark A New Rally? Aayush Jindal AMFEIXRelated NewsGoldman Sachs’

    Analysis Bitcoin News
    Bitcoin is up more than 10% and it broke the key $6,400 resistance against the US Dollar. BTC price is now trading near the $6,650 resistance, above which it could surge to $7,000. Bitcoin is gaining traction and it recently climbed back above $6,200 against the US Dollar. The price is now trading above the $6,400 level, but struggling to clear the $6,650 resistance. Yesterday’s major contracting triangle was breached with resistance near $6,000 on the…
  • Goldman Sachs’ Call to Buy Gold Cheers Bitcoin Bulls; Here’s Why  Yashu Gola  AMFEIXRelated NewsMiners Return to Market

    Goldman Sachs’ Call to Buy Gold Cheers Bitcoin Bulls; Here’s Why Yashu Gola AMFEIXRelated NewsMiners Return to Market

    Analysis Bitcoin News
    Bitcoin bulls were cheerful this Tuesday as a top analyst’s call to purchase gold amidst the Coronavirus-induced market turmoil created similar opportunities for the cryptocurrency. Jeffrey Currie, a commodity researcher at Goldman Sachs, said in a note that the yellow metal has reached an “inflection point” after the Federal Reserve announced that it would buy an infinite amount of mortgage-backed securities and Treasury bonds to keep lending costs lower. Time to buy gold | Source: Goldman…
  • Ripple (XRP) Breaking This Single Level Will Spark a Sharp Rally  Aayush Jindal  AMFEIXRelated NewsBitcoin Near Key Fib

    Ripple (XRP) Breaking This Single Level Will Spark a Sharp Rally Aayush Jindal AMFEIXRelated NewsBitcoin Near Key Fib

    Analysis Bitcoin News
    Ripple is showing a few positive signs above the $0.1550 resistance against the US Dollar. XRP price is likely to surge further if it clears the $0.1620 resistance area. Ripple price is up more than 6% and it traded above the key $0.1550 resistance against the US dollar. The bulls are now fighting to clear the $0.1620 and $0.1625 resistance levels. There was a break above a major bearish trend line with resistance near $0.1520 on…
  • House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why  Nick Chong  AMFEIXRelated NewsMiners Retur

    House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why Nick Chong AMFEIXRelated NewsMiners Retur

    Analysis Bitcoin News
    11 years after Satoshi Nakamoto launched Bitcoin, some facets of the U.S. government have finally indicated that they are seriously considering the creation of a digital dollar, a move that many say could validate cryptocurrencies, especially BTC. Digital Dollar? According to a Bloomberg Law report released Monday, Democrats in the House of Representatives are seriously considering the creation of a system of digital wallets, in which a “digital dollar” (unfortunately not Bitcoin) would be stored. This…
  • Ethereum Rallies 10% and Primed To Continue Higher Towards $150  Aayush Jindal  AMFEIXRelated NewsBitcoin Near Key Fib E

    Ethereum Rallies 10% and Primed To Continue Higher Towards $150 Aayush Jindal AMFEIXRelated NewsBitcoin Near Key Fib E

    Analysis Bitcoin News
    Ethereum is up around 10% and it traded above the key $130 resistance against the US Dollar. ETH price is likely to continue higher towards the $150 resistance if it clears $140. Ethereum is showing a few positive signs above the $135 level against the US Dollar. The price is now approaching the key $140 resistance area. There was a break above a major bearish trend line with resistance near $126 on the hourly chart of…