pandemic

Here's why Bitcoin might benefit from the COVID-19 pandemic

Here’s why Bitcoin might benefit from the COVID-19 pandemic

After having remained below the $10k-mark for a long time, Bitcoin’s price was able to overcome the resistance, before briefly surging past $12k recently. While Bitcoin did note a minor correction on the charts over the last few days, the coin’s price action remained promising. At the start of the year, most commentators had agreed …

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Crypto scammers see less revenue during coronavirus pandemic due to fallen prices: Chainalysis

Crypto scammers see less revenue during coronavirus pandemic due to fallen prices: Chainalysis

Cryptocurrency scammers may be taking advantage of coronavirus to invent new fraudulent narratives, but their profits have declined since the outbreak of the pandemic because of a drop in crypto market prices, according to blockchain analysis firm Chainalysis.  In an April 10 report by Chainalysis, researchers found that the coronavirus pandemic has triggered an increase in …

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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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