Bitcoin payments on dark markets most impacted by coronavirus pandemic: Chainalysis report

Bitcoin payments on dark markets most impacted by coronavirus pandemic: Chainalysis report

A report from blockchain analysis Chainalysis this week indicates that the correlation between bitcoin spending and the digital asset’s price went through dramatic changes amid the recent market volatility. The report published on March 30 broke down the impact of the coronavirus on the consumer end of bitcoin. Although purchases related to merchant services, gambling services, the …

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AT&T Files for Dismissal in $24M Phone Hack Case, Claims Crypto Exec Didn't Read T&Cs

AT&T Files for Dismissal in $24M Phone Hack Case, Claims Crypto Exec Didn’t Read T&Cs

U.S. mobile operator AT&T hopes to dismiss crypto investor Mike Terpin’s amended case over a SIM-swap hack, claiming he had not read the firm’s terms and conditions. AT&T’s attorneys took issue with three parts of the second amended complaint and his request for millions in punitive damages, arguing they showed the plaintiff was himself mostly …

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Bitcoin is experiencing ‘Goldilocks’ volatility, says B2C2 founder

Bitcoin is experiencing ‘Goldilocks’ volatility, says B2C2 founder

Bitcoin’s price may not be as high as some investors would wish – but the digital asset’s volatility is perfect for high-speed traders, according to an executive at one UK-based trading firm.  In an interview with The Block on Monday, B2C2 founder Max Boonen said bitcoin’s volatility has hit a sweet spot for market-making firms. …

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Ontology, Dash, Ethereum Classic Price: ETC outperforms Bitcoin with 11% returns

Ontology, Dash, Ethereum Classic Price: ETC outperforms Bitcoin with 11% returns

The cryptocurrency market has been noting a reversal in trend lately, with most cryptos trying to recover their lost gains. Among the many altcoins trying to do so, Ethereum Classic [ETC] managed to wrap a positive YTD, while others’ returns remained in the negative. Ethereum Classic [ETC] Source: ETC/USD on TradingView Ethereum Classic, ranked 21st …

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IoT App Nodle Moves From Stellar Blockchain to Polkadot

IoT App Nodle Moves From Stellar Blockchain to Polkadot

Another blockchain project is heading to the Polkadot Network. Launched in 2017, Internet-of-Things (IoT) platform Nodle announced it is switching from the Stellar blockchain to Parity Technologies’ Substrate network, according to a blog post shared in advance with CoinDesk. Substrate lets teams customize their own blockchains; Nodle’s is called Arcadia. Nodle provides “last mile” support …

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Bitcoin's Recent Recovery Won't Salvage a Terrible Month for Prices

Bitcoin’s Recent Recovery Won’t Salvage a Terrible Month for Prices

While bitcoin has climbed sharply from recent lows below $4,000, it’s still on track to end March with a double-digit price loss. The top cryptocurrency by market value is currently trading near $6,440, representing nearly a 68 percent rise from the low of $3,867 registered on March 13. Even so, prices are still down 24 …

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Coinbase says retail customers bought bitcoin during this month’s market crash

Coinbase says retail customers bought bitcoin during this month’s market crash

Crypto exchange Coinbase has said that its retail clients bought bitcoin the most during this month’s market crash. In a report published Tuesday, Coinbase said its customers typically buy 60% more than they sell, but during the crash, that figure jumped to 67%. Bitcoin (BTC) was the most favored cryptocurrency among Coinbase buyers, with over …

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