Category: Cryptocurrency

Riot Blockchain (RIOT.Q) is prepared for next month’s bitcoin halving

If you’re involved or invested anywhere in the cryptocurrency space, then you know that the Bitcoin halving is the biggest event on everyone’s minds. If you’re someone who invests in cryptocurrency mining companies, then you’re probably busy looking at how your investments stack when competing against other companies, and you should be. The halving is going to produce a seismic shock in the way miners do business, and send ripples through the entire community. This is the only asset class where the entire infrastructure shifts every four years to meet an artificially induced change in supply.

Hive Blockchain Technologies (HIVE.V) refuses to panic, and makes most of bad situation

The advent of the COVID-19 pandemic brought on and continues to bring on some serious questions for every segment of the market, and that includes cryptocurrency. Within two days, Bitcoin was slashed in half as investors pulled their money out in droves and it seemed that almost overnight the question of whether or not Bitcoin was a safe-haven currency had been resolved. But neither was gold. The sharp truth was that panic had set in and nothing and no one was safe from this new economic reality.

Bitcoin’s recovery is a study in the coronavirus, fear and reactionary swings

Bitcoin’s volatility is hard to gauge. Minor spikes and dips happen all the time, and what cryptocurrency enthusiasts consider to be minor are catastrophic and atmospheric bounces to traditional stocks and bonds. But when the shit hits the fan it really distributes the proceeds widely, as we saw earlier this month as the effects of the coronavirus caused a monumental dive in Bitcoin’s fortunes. Since then, though, it’s been in recovery. First in drips and drabs, and then occasionally in large 10% bounces and finally to where we are today, with Bitcoin’s price resting at roughly between $9,000 and $9,500, which is up from its lowest point three weeks ago at $6,773.20.

Neptune Dash Technologies (DASH.V) hunkers down during coronavirus, releases shares for debt

All the focus so far has been on Bitcoin’s price cratering earlier this week due to the coronavirus, and the fates of bitcoin dependent companies. Naturally, as bitcoin goes so do the altcoins, with most of the charts of the decentralized altcoins showing the same stark decline as Bitcoin. They’re nearly identical in shape with only the values changed to reflect the various cap sizes and prices, so there’s no need to post all five.