Both Crypto Derivatives and Spot Markets Post Record Volume in March

CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges. The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets. March 13 sets record for daily spot trades The report states that March 13 produced the single greatest volume in the history of crypto assets — with all exchanges and markets producing $75.9 billion in trade activity over 24 hours. $54.3 billion of 71.5% of trades came from ‘Lower Tier’ exchanges, while ‘Top Tier’ exchanges generated $21.6…

Investment in Blockchain in Energy Markets Will Top $35 Billion by 2025

According to a new report released by Premium Market Insights (PMI), global investment in blockchain technology in energy markets is set to reach $34.7 billion by 2025. Valued at just $156.5 million in 2016, the sector is forecast to grow at a rate of 82% a year.  Although $35 billion seems high, it’s dwarfed by the net worth of $1.85 trillion for the energy market as a whole. Key players using blockchain and DLT in the field include Accenture, AWS, Bigchaindb, Deloitte, IBM, Infosys, Microsoft, Nodalblock, Oracle, SAP, Enosi, and…

Shockingly, China’s Wet Markets are Reopening; Will We Ever Learn?

Fox and Daily Mail report wet markets in China, which are suspected to be the origin of coronavirus, are reopening. Studies dating back to 2007 have described wet markets and bat consumption as a “time bomb” for a virus outbreak. Authorities have to restrict wet markets to prevent new outbreaks, at least until the coronavirus pandemic subsides. Wet markets in China have reportedly reopened after easing of lockdown measures across several cities. Studies dating back to 2007 have suggested that wet markets and the consumption of bats are a “time…

Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red

After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time to the downside, as the digital asset dropped 8.72% to a daily low at $6,068.  The move somewhat mirrors the performance of traditional markets, which also closed the day with losses. The Dow closed with a 915 point loss, the S&P 500 pulled back 3.37% and the Nasdaq was down 3.79%.  Crypto market daily price chart. Source: Coin360 The break below $6,550 pulled the price below the…

Coronavirus & Volatile Stock Markets are No Reasons to Stop Saving For Retirement

Stock markets are very volatile, but it’s not a reason to panic and stop saving for your retirement. Investors who stay invested in the markets and don’t sell during recessions are better off in the long term. It’s essential to have an emergency fund that will serve as a cushion if you lose your job or get sick. Investors have been panic selling lately as the coronavirus is pushing the global economy into a recession. Markets are very volatile, and it’s hard to tell where they’re headed. Financial advisers generally…

The Stock Market’s Only Hope Is… Tom Hanks?

As the stock market plunges, the Dow Jones has erased virtually all of its gains under President Trump. No amount of central bank or government stimulus has put a tourniquet on the bleeding. One Wall Street pundit says it’s time for Trump to bring out his secret weapon – Tom Hanks. The stock market is suffering a historic meltdown, and nothing the White House or Federal Reserve has thrown at crisis has halted the sell-off. But according to one Wall Street pundit, Trump may have an ace up his sleeve…

Dow Futures Crash 700 Points as Markets Brace for Another Liquidity Crisis

Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. U.S. stock futures plunged…

Bitcoin Could Hit $20,000 Even as Coronavirus Crushes Global Markets

Bitcoin believers waited for a global economic crisis for years, hoping it would prompt investors to inject hundreds of billions of dollars into the cryptocurrency’s small, illiquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Coronavirus pandemic. The bitcoin-to-dollar exchange rate fell by more than 66 percent in just 28 days, hit by a global sell-off that crashed stocks, gold, silver, all in tandem. Professional investors sold part of their portfolios to meet their shareholders’ redemptions. Individuals got…

Using Digital Currency for Climate Markets

Climate change has created a rapidly growing global market for a digital eco-commodity called carbon credits. Current estimates value these carbon markets at over $100 billion annually. A carbon credit represents one metric ton of CO2 and is connected to efforts to reduce carbon emissions that cause climate change.  Carbon markets are one of the best tools that companies and policy-makers have for reducing carbon emissions, putting a value on a ton of CO2 so that markets can get to work creating price signals for reducing emissions. Various initiatives over…

This Token Surged 65% in March despite Crypto Market’s $86.35B Loss

A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.65 by the mid. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it headed into March, surging…