Bitcoin Price Tops $5.9K as Fed Cuts Interest Rates to 0%, Restarts QE

In the past hour Bitcoin (BTC) price perked up and rallied 14.33% to a daily high at $5,940. The strong upside move allowed the price to break out of the tight $5,070-$5,520 range but at the time of writing the price is pulling back below into its previous trading range. BTC USDT 1-hour chart. Source: TradingView The surge in price occurred shortly after the U.S. Federal Reserve announced that it would cut interest rates to 0%, launch a $700 billion quantitative easing program, and the regulator provided additional details about…

Dow Futures Crash 1,041 Points as Fed Capitulates To Trump

Dow futures dropped 1,041 points despite a surprise announcement from Federal Reserve Chair Jerome Powell. The Fed made another emergency rate cut on Sunday, this time all the way down to 0%. Donald Trump cheered this effort, but Dow bulls appear unconvinced. In an incredible move reminiscent of the financial crisis in 2008, the Federal Reserve has slashed interest rates again, this time to the 0%-0.25% range, and announced $700 billion of asset purchases. Dow Plunges, Dollar Weakens After Fed Emergency Cut The Fed communicated its shocking stimulus move in…

Active Adoption That Will Wake You Up

The growing popularity of cryptocurrencies in Colombia has been widely discussed, as there is no unanimous consensus over the key reasons that are driving this momentum. The fact is that there are several studies, such as the one carried out by Statista, that reflect a significant and relevant interest on the part of the Colombian user, highlighting it as the third country with the largest number of crypto users. The stats speak for themselves According to the Statista Global Consumer Survey published in 2019, in which an online poll was…

Bitcoin Price Strongly Rejected at $6,000 After 15% Spike

Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the time of writing this. As reported by NewsBTC, all analysts are keeping their eyes on the charts, as Bitcoin is on the verge of closing under the ever-important 200-week simple moving average for the first…

Air Cargo Industry Could Save $400M Per Year With Innovative Blockchain Tech

Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12 announcement. Blockchain platform brings down cost and improves efficiency Blockchain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices (ULDs), as they journey between destinations. These companies aim to bring down industry costs, improve efficiency, drive fewer losses, and…

U.S. Stock Market Is Recovering, But Wait Until Official Quarantines Start

U.S. stocks are recovering, but the rally might not lost as the coronavirus pandemic spreads. If the U.S. starts to impose large-scale quarantines after predictions of widespread infection, stocks are likely to pull back again. Italian and South Korean stock indexes dropped 11% and 5%,  respectively, after lockdowns were imposed on two major cities. The U.S. stock market recorded its largest rally in 12 years Friday, as the Dow Jones Industrial Average (DJIA) surged 9.4% in a single day. Yet, analysts remain highly cautious about the Monday open. Quarantines and…

Housing Market Crash Will Last Long After Coronavirus Is Gone

Realtors are warning coronavirus will causing a housing market crash in sales and prices for the foreseeable future. They say sellers don’t want people going through their house “touching things, sneezing, etc.” Coronavirus has already imploded the stock market. A housing market crash may be next. While coronavirus has already ravaged the stock market, realtors also warn a housing market crash may be near. Denise Schroder, an Oklahoma City realtor, says clients are asking if they should hold off on selling their house until the pandemic blows over. Another Oklahoma…

Crypto Carnage, Fears of $1,000 BTC, MakerDAO Crisis: Hodler’s Digest, Mar. 9–15

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drops to $3,637, rebounds above $5,200 within minutes Whenever there’s a big crash on the stock market, traders on Wall Street are often pictured with their heads in their hands — surrounded by a sea of screens with red numbers. This week, it…

Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency

Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming ‘Akoin’ cryptocurrency project exclusively with Cointelegraph. The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” using blockchain technology. Mobile credit trading in Africa The whitepaper describes Akoins as utility tokens that power “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. Speaking with Cointelegraph, Akon emphasized that mobile credits are…

How Long Does Coronavirus Live on Surfaces? Scientists Say for Days

Much of the world has gone on lockdown as coronavirus spreads around the globe. Confirmed cases crossed 156,000 Sunday. While people search for info to take effective precautions, scientists have determined how long coronavirus lasts on surfaces. They found the novel virus can live on surfaces for days. The world watches and waits in trepidation as the COVID-19 pandemic unfolds. Confirmed case totals worldwide topped 156,000 Sunday, while people stocked up on goods to prepare for a drawn out lockdown. Global Lockdowns, Skyrocketing Search Trends Organizations the world over shut…