Research: number of USDT withdrawal transactions from crypto exchanges jumped sharply
The beginning of April is marked by the increasing number of withdrawals of stablecoins from cryptocurrency exchanges. Investors accumulate digital assets in the purses totally controlled by themselves.
PwC: crypto world is not immune to global crises
The “Big Four” audit company gave a pessimistic forecast for crypto assets amid decreasing M&A activity in the cryptocurrency market in 2019.
BTC trading volume on exchanges jumps more than 50% last quarter
The trading volume of the first cryptocurrency on the 22 largest cryptocurrency exchanges increased by 61% in the first quarter of 2020 compared to the previous quarter.
Bitcoin and gold rise in price amid financial crisis and pandemic
The bitcoin exchange rate approached $7000, and gold exceeded $1600 per ounce. A well-known American entrepreneur advises investing in these assets instead of US dollars.
Binance buys CoinMarketCap for reportedly $400 million
The cryptocurrency analytic portal CoinMarketCap, one of the most popular among users, changed ownership. Binance reportedly paid $400 million for the acquisition.
BTC mining revenues grew by 1900% since 2013
Within the last six years, bitcoin mining revenues increased almost 20-fold. In 2019, miners earned more than $5 billion in total.
Bank of France launches CBDC testing
The Bank of France is officially initiating testing of digital currency for interbank settlements. The regulator invites to participate in the project.
US accuses Venezuelan President of drug trafficking using cryptocurrency
The president of Venezuela and other senior officials organized a large drug trafficking net, believe US authorities. The illegal profit were hidden with the help of cryptocurrencies.
S&P500 overtakes bitcoin by daily volatility level
Wall Street is in panic and fear. The 30-day volatility of the S&P500 is one and a half times higher than that of bitcoin.
UAE to use blockchain to fight coronavirus
UAE authorities announced plans to implement blockchain-based digital identity in government workflow. The aim is to protect employees and visitors of state institutions.
US court recognizes TON tokens as securities
The federal court in the USA sided with the American regulator that claims that Telegram sold securities under the guise of tokens during the ICO, and extended the temporary ban on transferring Grams to investors.
Revenues of South Korean crypto exchanges collapse by more than 50%
The revenue of the two largest cryptocurrency exchanges in South Korea, UPBit and Bithumb, fell more than 50%. Demand for cryptocurrencies in the country has recently fallen sharply.
Canada tightens cryptocurrency regulation
Canadian authorities are stepping up anti-money laundering requirements for crypto companies.
Bitcoin mining profitability drops to $0.07
Bitcoin mining profitability dropped to $0.07 per T/hash. This is a record low for bitcoin.
Research: current crisis may open window of opportunity for bitcoin
The analytical division of the BitMEX crypto exchange published a report outlining the current economic situation in the world and the impact of the coronavirus pandemic on the economy. Falling stock markets may attract new users to the crypto world.
Investors buy out stablecoins amid falling cryptocurrency market
If anyone benefited from the collapse of cryptocurrencies last week, these are stablecoins, which turned out to be the most popular asset among investors.
