The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios. According to one model, the fair value of gold right now should be around $8,900, which is more than five times greater...

The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development. A Healthy Funding State of Open-Source BTC Development The BitMEX research team based the report on publicly available information and speaking to specific...

A new fraud involving Bitcoin QR code generators has seen more than $45,000 worth of BTC stolen from victims in the last month alone. At least nine websites deceived users into entering their Bitcoin addresses and converting them into a QR code image, which ultimately sent the coins into the scammer’s account. Beware: Bitcoin QR Code Scams Generally, Bitcoin QR codes...

Ethereum continues to struggle as it remains beneath $130 today with a small decline. The cryptocurrency fell below the ascending triangle consolidation pattern, bringing in another bearish scenario for ETH. Against Bitcoin, Ethereum managed to rebound from support at 0.0201 BTC to climb back above 0.021 BTC. Key Support & Resistance Levels ETH/USD: Support: $128, $120, $110. Resistance: $135, $140, $150. ETH/BTC: Support: 0.021 BTC, 0.0201 BTC,...

Dan Morehead CEO & Co-Chief Investment Officer of Pantera Capital, a crypto hedge fund, says the Bitcoin price is set to surge during this economic crisis. In fact, Morehead predicts the Bitcoin price could reach a new all-time high within 12 months. That would be a truly astonishing turn of events, but not entirely out of the cards. The Great...

The Singapore-based blockchain company, Algorand Foundation, has launched an application called IReport-Covid to help the fight against the novel COVID-19. Users can fulfill a survey, which will soon be publicly posted on the Algorand blockchain to ensure free and constant access. Blockchain App Against COVID-19 At the time of this writing, the number of confirmed coronavirus cases is exceeding 600,000. The...

In times of severe volatility, trading volumes typically go up, and the last couple of weeks are no exception. Binance, the world’s leading cryptocurrency exchange, has decided to create a trading tournament where users can team up and share in a combined prize pool that can grow to as much as $1 million worth of BNB. It’s important to note...

XRP dropped by a total of 3% today as the cryptocurrency falls beneath the $0.17 level. The coin managed to break above the previous ascending triangle but fell from resistance at $0.191. Against Bitcoin, XRP increased by 13% over the past 2-days as it trades at 2710 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.156, $0.147, $0.136. Resistance: $0.182, $0.191, $0.20. XRP/BTC: Support: 2650 SAT, 2600...

Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented. The Great Wealth Transfer The paper estimated that more than $68T of U.S. wealth will...

An alliance consisting of Chinese government groups, banks, and technology companies will launch the Blockchain-based Service Network (BSN) in April. The innovative platform will be among the first maintained by a central government. It will allow participants to operate on top of it, without having to design a new network from scratch. Blockchain-Based Service Network Comes In April Announced in the...