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Peter Brandt: coronavirus can determine the future of bitcoin
The current crisis in the economy may become a kind of springboard for bitcoin, said Peter Brandt, a well-known trader and technical analysis specialist. Quotes of the first cryptocurrency showed a sharp increase after the announcement of the US Federal Reserve System on the adoption of unprecedented measures to stimulate the economy in the context of the total spread of coronavirus infection. In particular, the regulator lifted restrictions on the purchase of government bonds and securities of US mortgage agencies and reduced the key rate to 1–1.25%.
Cash App: a surge in investor activity
Financial investments in the first cryptocurrency began to increase, despite the collapse of the stock market and the impact on the economies of the rapidly spreading coronavirus, said Square Chief Financial Officer Amrita Ahuja. She noted that investor activity is growing steadily and last week the Cash App application developed by the company was used by a record number of users.
Binance will raise funds to fight against coronavirus
The Binance cryptocurrency exchange intends to raise $ 5 million in digital media as part of its initiative to raise funds to combat the spread of coronavirus infection worldwide. The funds, as noted by representatives of the site, will be used to purchase the necessary medical supplies to fight the disease in countries where the situation is most difficult (Italy, Germany, South Korea, the United States of America and others).
Peter Schiff: Only Fools Choose Bitcoin
The head of Euro Pacific Capital and an ardent cryptocurrency critic Peter Schiff once again unflatteringly spoke about people who prefer bitcoin to traditional assets.
Binance & Brave: making cryptocurrencies easier
A secure browser based on Chromium, focused on privacy, Brave has integrated the Binance crypto platform, which offers opportunities for buying and trading cryptocurrency. With its help, the Binance.com and Binance.US sites will become available, thanks to which you can conduct operations with digital assets and find out the balance of your account while remaining in the browser.
The Central Bank of China has completed the development of the basic functionality of the “digital renminbi”
The People’s Bank of China announced that it has completed the development of the main function of the national cryptocurrency and is now focused on creating a regulatory framework that will allow regulating the new asset and putting it into circulation. It is worth noting that the regulator, in preparation for the launch of CBDC, cooperates with private large companies of the country (for example, Alibaba, Tencent, Huawei and China Merchants Bank).
IMF Tao Zhang: CBDC has a great future
Digital currencies issued by the central banks of countries are more effective at carrying out transactions by minimizing costs and short-term transfers, said Tao Zhang, deputy head of the International Monetary Fund (IMF). They will become especially relevant for regions with a low level of development, since they will help to avoid high costs for the design of their payment systems, not in vain about 80% of central banks declared their readiness to issue such assets (according to a study by the Bank for International Settlements).
Tim Draper: India will be the heyday of crypto startups
Blockchain critical startups will begin to return to India after a Supreme Court decision to lift restrictions on banks interacting with such companies, said Tim Draper, venture capitalist and founding partner of Draper Fisher Jurvetson (DFJ). He recently visited the country and held meetings with representatives of the market, after which he noted the interest of developers in new products. “I hope that I can finance a number of them,” said the venture capitalist.
Fundstrat Global Advisors: Bitcoin needs time to regain positions
The negative dynamics noted at the beginning of this year and supported by an impressive drop in the market, when bitcoin managed to lose $ 3,000 from its price in less than a day, continues to put pressure on quotes of digital assets along with the spreading coronavirus.
Coinbase CEO points out unhygienic paper money and coins
The head of the cryptocurrency exchange Coinbase wrote on his social network that in the context of the global coronavirus epidemic that has swept the world, the use of cash becomes unsafe because infected people could touch it. For example, right now in China it is forbidden to touch fiat products if rubber gloves are not put on your hands and banknotes and coins themselves are thoroughly disinfected with special means.
