Today, Bitcoin has suffered an unprecedented price fall. Right now it’s worth $5,620. Changpeng Zhao, CEO of Binance, has called it ‘Bloodbath day’, and many people would agree.submitted by EX-SCUDO to u/EX-SCUDO [link] [comments]
😷The reason is common panic caused by the coronavirus. The pandemic has already had serious consequences for many economy sectors. Oil prices have fallen down more than 30% this year.
📉All these factors combined caused the massive sell-off of BTC and other high-risk assets. The workload of the major exchanges, including Binance, increased manifold.
BTC was not the only crypto to suffer. The other leader, Ethereum has suddenly lost 35% of its market value. While some traders are desperate to get rid of crypto coins, others buy them cheap hoping the price will rise.
❓And what is your prognosis? Will BTC keep falling?
#Exscudo #Blockchain #Bitcoin #EON #crypto
Binance Coin was created in 2017, runs natively on the Ethereum Blockchain, which comes with a high level of stability in the market. In the past three months, BNB's value has tripled itself, turning it to be the hottest coin in the market currently. The current value of Binance coin is around 15 U.S Dollar. Binance is the largest digital asset exchange when it comes to the trading volume. The ... A distributed ledger (i.e., a blockchain) referred to as the Libra ... The mere advantage of issuing widely-available programmable money would already initiate manifold efficiency gains 1. Libra and its stablecoins would not compete with the use-cases of existing stablecoins as it did not compromise on its long-term goal of financial inclusion. Instead, the Libra team made short-term trade ... The Binance report, dated April 22, cites challenges endured by Elon Musk’s spaceflight company that are reminiscent of the pushback against Libra’s. Musk also saw high-entry barriers during his initial foray into an industry dominated by public market players, but SpaceX offered innovative and cost-saving technologies that eventually transformed space travel. Manifold Technology is positioning itself to capitalize on the inevitable blockchain database industry. As Bitcoin’s blockchain technology continues to gain mainstream recognition from the very businesses that previously shunned it, large institutions still struggle to decide what to do with the blockchain. All they know is that this new technology is supposedly more secure, and they want to ... The blockchain potential in the Chinese industry, once implemented, will present a range of opportunities locally. 5G technologies is another realm that China wishes to dominate. It is already a superpower when it comes to Bitcoin mining. Chinese miners carry great influence in cryptocurrency mining. Sichuan is a global mining centre since it ... The Binance report, dated April 22, ... The mere advantage of issuing widely-available programmable money would already initiate manifold efficiency gains.” Conceptualized overview of transaction types in Libra Source: Binance Research. A Binance Research representative tells Cointelegraph that while new online money transfer services such as Transferwise offer some payment innovations, they ... New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets . Nathan DiCamillo Sep 18, 2020. Podcasts ‘I Didn’t Buy It to Sell It. Ever.’ MicroStrategy’s Michael ... Binance Research defines DAOs as: ... It has already been well described 4 that this organizational entity can take on manifold appearances. With a better understanding of what a DAO is, we can take a look at actual implementations thereof. It is already well described that this organizational entity can take on manifold appearances. They can, for example, be: A blockchain: Dash, for example ... Binance Adopts WazirX: Allowed to Buy/Sell Crypto Using… December 3, 2019. Cryptocurrency Would Ripple beat Bitcoin and other Crypto Currencies… October 13, 2018. ICO. ICO ICO’s Checklist: List of Top 10 ICO’s Around… June 10, 2018. ICO Betrium (BTRM) – World’s First Decentralized Betting Service… May 18, 2018. Reviews. Reviews PayBito Review – Global Platform to Buy And ... Binance revealed that the malicious attackers had the endurance to wait, and perform well-arranged activities through manifold, apparently independent and free accounts, at the most appropriate time. Hackers took advantage of the weak private keys of the hot wallet (a wallet connected to internet) of Binance which stores around 2% of its entire Bitcoin (BTC) holdings.
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