Elon Musk Backs Out From Joining Twitter’s Board

Tesla’s founder and CEO, Elon Musk, withdraws from joining Twitter’s board of directors. Parag Agrawal, Twitter’s CEO announced this in a tweet in the early hours of Monday, 11th April.  Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” Agrawal tweeted.  Musk was offered a seat on the board a day after he disclosed a 9.2% stake in the company, which made him Twitter’s biggest shareholder. According to…

What to Expect in the Cryptocurrency Markets After Covid-19 is Mitigated

One year into the pandemic, the crypto market appears to have boomed. When the pandemic occurred, Bitcoin – the world's first cryptocurrency – could be bought for about $7,300. A couple of days back, the token cost over 55 000 dollars, a 653% increase, with similar surges in other leading cryptocurrencies (e.g., Ether).  During the pandemic, many things came together that helped Bitcoin and cryptocurrencies, in general, out quite a bit. The stock market volatility drove many people to buy…

COVID-19 May Offer Bitcoin a Turning Point According to Tim Draper

A $7 trillion bailout had to be raised to prevent a stock market crash and therefore economic collapse caused by the coronavirus pandemic. During an April 6th interview, Tim Draper voiced the possibility of innovations like BTC and smart contracts to thrive due to the current economic situation. Fixed Bitcoin Supply Draper has expressed skepticism regarding the infinite money printing bailout plans by governments. He believes that fiat money won't pervade the global economy indefinitely. At some point, people are…

WMA: Bitcoin price stabilizes, Binance buys CoinMarketCap and altcoins surge

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $191 billion. Bitcoin price finally ends the week in the green. Ethereum value increases by 15% in total more than the previous week. XRP rises to $0.18 and continues its steady ascension Binance has acquired CoinMarketCap, the biggest crypto data aggregator. Most of the top-20 altcoins trade in green throughout the week COVID-19 has…

Crypto Enthusiasts Speak on the Forthcoming Bitcoin Halving

On the 2nd April 2020, the Blockstream Co-Founder and CEO, Adam Back, took to his Twitter account to address the upcoming Bitcoin halving issue. The halving will take place on the 13th of May 2020. Adam pointed out that just as central banks worldwide are doing enormous amounts of qualitative easing (QE), Bitcoin will do what he calls qualitative hardening. He claims that this qualitative hardening will occur next month with Bitcoin’s next block reward halving. The Bank of England…

Impact of Coronavirus on the Crypto Markets

The coronavirus COVID-19 has been a global news topic for the past few months. The disease, which was first reported in the Wuhan region of China on 31st December 2019, has spread quickly across the globe, prompting the World Health Organization to declare the disease a pandemic.  As is expected, the global pandemic has had adverse effects on various industries around the world. The crypto sphere has, unfortunately, not been spared. Seeing as the occurrence is the first of its…