The COVID-19 global pandemic has forced teams to work from home regardless of what their roles are, while some companies simply suspended operations. The crypto industry, already popular for remote working, is embracing it, but what lies ahead of us should the pandemic come to an end?
The American cryptocurrency exchange Coinbase together with Bitcoin (BTC), the world’s leading digital asset by market cap, are helping the Hurricane Dorian effort. The hurricane that happened on August 24, caused catastrophic damage to Grand Bahama and Abaco Island, with at least 70,000 people left homeless and also brought a loss of about $7 billion to the nation.
The California based cryptocurrency exchange Coinbase might move all digital asset accounts belonging to European users to another reliable and accredited entity operating within the EU in the event of a no-deal Brexit.
Following Coinbase’s roll out of Bitcoin Cash (BCH) back in December 2017, United States District Judge of San Francisco, California, Vince Chhabria, has made a final verdict and advised the users to go on with a “negligence suit” if they want to do so. The California based cryptocurrency giant could face negligence suit for illegally adding BCH, the world’s fourth cryptocurrency by market capitalization.
The United States based giant cryptocurrency exchange platform, Coinbase, has rolled out its Credit Card in Italy, a Visa card which a customer can use to pay in stores by drawing on his or her online digital currency portfolio.
The second quarter (Q2) of 2019 has been an active period for cryptocurrency, where by it has seen bigger value fluctuations that pushed up the price of Bitcoin, the original digital currency and the world’s top cryptocurrency by market cap. Bitcoin hit and surpassed the $9k mark last month, and since then, its lowest trading price has been $7,038, a price it never even thought of in the first quarter (Q1) of this year – approximately 90 days ago. More than $150 million worth of BTC was transferred from one wallet to another at different periods of time and different crypto exchanges.
On Tuesday, Bitcoin price dropped by over 6%, today, it has also reduced by 2% and is now trading below the $8,000 mark. The leading cryptocurrency had recently traded over $9,000 level, but due to its volatility nature, Bitcoin is now going to the dogs. Let’s go into the likely reasons for this temporary reversal in the pattern of BTC rate.
Coinbase seeks to change the face of cryptos including Bitcoin (BTC), the leading cryptocurrency by market cap (MC). The crypto exchange bull headquartered in San Francisco, California, have rolled out a visa debit card that enables users in the European Union (EU) and the UK to spend cryptocurrencies instantly from their accounts. Currently, the company has over 13 million users worldwide.