Bitcoin Fell 50% From $6,000 After This Signal Appeared, and It’s About to Happen Again

Bitcoin really hasn’t done too well over the past few days; since the $9,200 peak seen on Saturday, the price of the cryptocurrency crashed as low as $3,800, marking a more-than-50% crash from the weekly high. Unfortunately, a key signal suggests that the prospects of recovery may be diminishing. Related Reading: Crypto Tidbits: Bitcoin Plunges 50%, COVID-19 Cases at Ethereum Event, Central Banks Inject Billions Key Bitcoin Signal Seems Poised to Flash While many stories in the media paint Bitcoin mining as a key to easy riches, this isn’t always…

Trump Should’ve Put U.S. on Full Lockdown, Instead Gives Us Coughing Ben Carson

Spain and France both announced nationwide lockdowns today. Donald Trump held a press conference where he bragged about the stock market. The U.S. will likely need to implement a lockdown, but they wasted more precious time today. Spain just announced a nationwide lockdown in response to their coronavirus outbreak. France just shuttered all restaurants, cafes, and nightclubs. The United States and Donald Trump, meanwhile, keep talking about what they’ve done in the past. What Is Donald Trump Waiting For? Trump pats himself on the back for the stock market, doesn’t…

Wait, Did Epic Games Just Become Cloud Streaming’s Last Hope?

GeForce Now has suffered from multiple developers and publishers pulling their games off the service. Epic Games founder Tim Sweeney has been outspoken in his support for the platform. We need more companies like Epic Games if game streaming is ever going to exist in a way that benefits consumers. It would be an understatement to say that Epic Games is not the most popular company in the gaming industry. They’re not as reviled as EA – not that surpassing EA is a huge achievement. But for all its reputational…

Alexandria Ocasio-Cortez Owes Jack Ma and Bill Gates a Huge Apology

Rep. Alexandria Ocasio-Cortez has said billionaires shouldn’t exist. So the New York congresswoman owes these two billionaires an apology. Because Alibaba founder Jack Ma is donating 500,000 test kits and 1 million face masks to US coronavirus containment efforts. Meanwhile, Microsoft founder Bill Gates’ Foundation is donating $100 million to coronavirus containment and relief efforts. Maybe Rep. Alexandria Ocasio-Cortez (D-NY) will chill out on the billionaire bashing after the coronavirus response from Jack Ma and Bill Gates. Back in Jan 2019, the far-left congresswoman said billionaires shouldn’t even exist. She…

Bitcoin CME Futures Volume Dropped — Did Institutions Jump Ship?

Over the past two years Bitcoin (BTC) futures trading on CME (Chicago Mercantile Exchange) has grown in importance for institutional investors. However, a popular misconception among traders is to attribute an unwarranted amount of importance to futures market activity and its impact of spot prices. It is important to highlight that despite trading under the BTC ticker, CME futures are financially-settled and therefore does not involve the actual exchange of Bitcoins. Lately, the topic of open interest on Bitcoin options has been an extremely popular topic of discussion in crypto…

Coronavirus Death Rate Soars to 7% in Italy – Is America Next?

Italy is home to the most fatal coronavirus outbreak in the world. According to the latest data, 7.1% of confirmed cases have ended in death. Italy’s coronavirus fatality rate is significantly higher than the WHO’s estimate of 3.4%. Italy’s staggering death rate approaches SARS. This should serve as a warning to the United States and other countries bracing for the full impact of the virus. The novel coronavirus started in Wuhan, China. But Northern Italy has become the second major epicenter of the deadly viral pandemic. Out of 17,660 confirmed…

US Firm Plans $100 Million ICO to Fund Electric Vehicle Production in Africa

Alternet Systems Inc (ALYI), an energy storage, military application, and electric motorcycle firm, has entered into a new partnership to launch a cryptocurrency dedicated to funding electric vehicle projects in Sub-Saharan Africa, according to a March 11 announcement. While Alternet did not name the company it has partnered with, Alternet Systems revealed that the cryptocurrency has successfully been minted on the Ethereum blockchain. Alternet Systems plans $100 million ICO ALYI plans to raise $100 million through an initial coin offering (ICO), adding that the planned token sale has “received interest…

Italian Red Cross Launches Bitcoin Fundraiser to Combat Coronavirus

The Italian Red Cross and the Colli Albani Committee are raising donations Bitcoin and other cryptocurrencies to fight the country’s coronavirus pandemic with the support of Helperbit, as announced on March 12. Goals of the new campaign Proceeds from the campaign will reportedly be used to set up a second-level advanced medical post for pre-triage of COVID-19 cases in the country, and it is expected to reach a goal of €10,000 to buy the necessary medical equipment for the infrastructure.  The remaining funds will be used to cover the fees…

Rhode Island Blockchain Act Seeks Regulatory Clarity for Crypto, Representative Place Explains

Although Rhode Island’s recent Blockchain Act does not explicitly reference cryptocurrencies, the bill aims to provide regulatory clarity for them. “If you look at the legislation, it doesn’t necessarily mention crypto specifically, but when it talks about complex financial instruments and things of that nature, that’s what it’s referring to — it’s referring to cryptocurrency,” Rhode Island state representative David Place told Cointelegraph in an interview. The bill looks like a blockchain-only bill, but also includes crypto Rhode Island state representatives David Place and Blake Filippi sponsored a new bill…

BitMex Insurance Fund Tags ATH, Binance and Deribit Inject Millions

The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit. In spite of the widespread carnage, the insurance fund of leading derivatives exchange, BitMex, only took two days to break back into new all-time highs. BitMex insurance fund posts new all-time high Despite going offline for 45 minutes due to a “hardware issue” late March 13, BitMex appears to have emerged from the recent cryptocurrency market massacre stronger…