• Bitcoin Will “Come Of Age” During This Crisis: Top Investor Explains Why
    Blockonomi - 2 days ago
    There’s no hiding the fact that Bitcoin, at least in terms of its price, has underperformed amid the ongoing crisis unfolding around the world, caused by the coronavirus shutdowns the world’s governments have implemented. Since the February highs at $10,500, the cryptocurrency has fallen to $6,500, marking a loss of…
  • Big Brazilian Banker Bashes Bitcoin & Crypto, Says They Fail as Currency
    Blockonomi - 2 days ago
    Despite the strides that have been made towards making Bitcoin and other cryptocurrencies a viable means of payment in today’s ever-changing world, most mainstream economists and investors see this asset class as anything but their namesake. In fact, they continue to rail that the sentiment that this asset class is…
  • Venezuelan President Maduro Used Crypto in Vast Drug Scheme, DOJ Says
    Blockonomi - 2 days ago
    As with any technology, people can use cryptocurrencies for both good and bad things. The despot Venezuelan President Nicolás Maduro certainly became a face for the latter category upon unveiling a national crypto, the Petro, back in December 2017. That asset, which Maduro said would be backed by oil, was…
  • Historic Difficulty Drop: Bitcoin Mining Competition Acutely Down
    Blockonomi - 2 days ago
    Miners secure the Bitcoin network by competing against each other to solve computational problems in order to make blocks, which are comprised of BTC transactions. Accordingly, one of the key measurements in the Bitcoin ecosystem is the mining difficulty rate, which tracks how hard it is for miners to create…
  • How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency
    Blockonomi - 2 days ago
    There are a number of ways that individuals can earn Bitcoin online. Unfortunately, just as in real life, there is no such thing as a free lunch. Any way of earning Bitcoin online will require something in exchange, whether it’s your time or your knowledge or your computer’s processing power.…
  • Bitcoin Stalls in the Mid-$6,000s as Stock Market Rally Continues
    Blockonomi - 3 days ago
    For over 48 hours, Bitcoin has flatlined — establishing a tight, less-than-10% range in the mid-$6,000s. This comes after BTC embarked on a 25% rally from the $5,000s to a price as high as $7,100 that transpired this weekend and early this week, which coincided with a smaller but equally-as-notable…
  • Top Crypto Companies Mobilize to Raise Money to Fight the Coronavirus
    Blockonomi - 3 days ago
    Unfortunately, the past few days have seen the outbreak of COVID-19 rapidly worsen; according to websites tracking the spread of this novel coronavirus, there are now over 480,000 confirmed cases, a majority of which are now located outside of China, with hotspots appearing in the U.S., Italy, Germany, Spain, and…
  • Maker Foundation Hands Control of MKR Token Over to the Community
    Blockonomi - 3 days ago
    Maker, the leading dApp to date in Ethereum’s rising decentralized finance sector, is now that much more decentralized. On Wednesday, March 25th, the Maker Foundation — the non-profit organization that has served to steward the young MakerDAO project — announced it had completely transitioned control of the smart contract underpinning…
  • Coinbase Wallet Adds New DeFi Project Integrations
    Blockonomi - 3 days ago
    San Francisco-based U.S. cryptocurrency exchange giant Coinbase continues to advance its footprint in Ethereum’s growing decentralized finance arena. On Wednesday, March 25th, Sid Coelho-Prabhu, the head of the exchange’s Coinbase Wallet mobile cryptocurrency app, announced the iOS version — and soon the Android version — would support direct integrations with…
  • Bitcoin Price Will Hit $350,000 in the Next 25 Years, Says Kraken Research
    Blockonomi - 3 days ago
    Researchers at major crypto exchange platform Kraken say the Bitcoin (BTC) price could reach $350,000 by 2045. This prediction is based on the expected wealth transfer that will happen over the next two decades giving millennials substantial capital to invest in the top-ranked cryptocurrency. Kraken’s price prediction comes amid the…