Minneapolis Federal Reserve President Neel Kashkari wrote Thursday that banks should cancel dividends and sell shares to raise cash. Kashkari said these measures would be necessary to create a cash buffer going into a potentially drawn-out recession. Because should the banks fail to have enough cash on hand, a wave of defaults could trigger a...Read More
XRP saw a 2.5% price decline today as the cryptocurrency drops back towards the $0.19 level. It attempted to push toward the $0.20 level yesterday but got rejected at $0.196. Against Bitcoin, XRP also dropped beneath support at 2680 SAT as it heads toward 2650 SAT support. Key Support & Resistance Levels XRP/USD: Support: $0.18,...Read More
QuickX – a revolutionary entity in the Blockchain Technology that brings forth the Blockchain favorable & Crypto centric solutions amid the global market, announced the appointment of Mr. Thomas The post Thomas Schmitz appointed as the newest member on the Advisory Board of QuickX appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious. The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading. Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins. The Bitcoin...Read More
During the coronavirus crisis, cryptocurrency and blockchain startups can play a crucial role. VeChain is using its native technology to verify COVID-19 masks are legitimate first and foremost. There are a lot of concerns regarding materials and equipment needed during the coronavirus crisis. The Role of VeChain During the Coronavirus Crisis Particularly where face masks...Read More
In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and...Read More
The popular cryptocurrency data aggregator, CoinGecko, reviewed the events in the digital asset market in Q1 2020. According to the report shared with CryptoPotato, Bitcoin ultimately ended up losing 11% of its value, but some altcoins and stablecoins managed to record gains and decreased BTC’s dominance. Bitcoin’s Q1 Data The unexpected outbreak of the COVID-19 pandemic put...Read More
Top cryptocurrency, Ethereum has recorded a remarkable market dominance in the early days of this quarter. As of today, Sunday 19th April 2020, the bitcoin rival cryptocurrency touched the 10% market dominance mark, signaling inbound upward waves in market traction and price momentum. In a landmark that could be described as one of the many...Read More
dForce, a Chinese decentralized finance (DeFi) protocol that is backed by Multicoin Capital, has reportedly been exploited. According to a popular DeFi monitoring resource, the total value locked (in USD) in dForce, was reduced from around $25 million to almost nothing in a matter of hours. DeFi Lending Protocol Exploited A well-known DeFi protocol, dForce...Read More
Over the past days since Thursday, we saw Bitcoin safely trading about the $7000 mark. During last Thursday, Bitcoin surged to over $7K, breaking above the critical 50-days moving average line (marked pink on the following daily chart). Since then, and together with the bullish wind form Wall Street (3% gains on Friday), Bitcoin topped...Read More
Blockchain platforms around the world try to play their part during the coronavirus crisis. Nodle, an IoT blockchain platform, has launched a contact tracing app that may come in handy moving forward. Nodle is one of the many startups exploring blockchain technology. Tackling the Coronavirus With Nodle Its focus lies with the Internet of Things...Read More
