CryptoGlobe News
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Latest news covering Bitcoin, blockchain and other cryptocurrencies, including research, market updates, price analysis and opinion pieces focusing on what's important to the crypto community.
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Ethereum-Based DeFi Project Reportedly Grew Nearly 780% Last Year
https://www.cryptoglobe.com/latest/2020/04/ethereum-based-defi-project-reportedly-grew-nearly-780-last-year/

Decentralized finance (DeFi) projects based on the Ethereum blockchain have grown by 778% when compared to the first quarter of 2019, driving growth in the decentralized application space.
Cryptoassets Continue to Buck the Trend, Says eToro Analyst
https://www.cryptoglobe.com/latest/2020/04/cryptoassets-continue-to-buck-the-trend/

Economic data released last week was worrying to say the least. Midweek figures revealing a drop in exports from big Asian economies, such as Japan and South Korea, hit equity markets globally, resulting in the S&P 500 and the FTSE 100 both dropping considerably.
Coronavirus Pandemic Leads to Record-Breaking Q1 Gold ETF Purchases
https://www.cryptoglobe.com/latest/2020/04/coronavirus-pandemic-leads-to-record-breaking-q1-for-gold-etf-purchases/

Investor purchases on exchange-traded funds (ETFs) holding gold had a record-breaking Q1 2020, generating $23 billion in volume.
Toronto Stock Exchange Lists $14 Million Bitcoin Fund
https://www.cryptoglobe.com/latest/2020/04/toronto-stock-exchange-lists-14-million-bitcoin-fund/

The Toronto Stock Exchange (TSX) has listed a $14 million closed-end fund that gives investors exposure to bitcoin.
Former White House Communications Chief Scaramucci Calls for More ‘Helicopter Money’
https://www.cryptoglobe.com/latest/2020/04/former-white-house-communications-chief-scaramucci-calls-for-more-helicopter-money/

Former White House Communications chief Anthony Scaramucci says the US will need to provide more "helicopter money" in order to bolster the economy, in addition to the $2 trillion stimulus package already pledged.
Rich Dad Poor Dad Author Explains His Endorsement of Bitcoin
https://www.cryptoglobe.com/latest/2020/04/rich-dad-poor-dad-author-explains-endorsement-of-bitcoin/

Rich Dad Poor Dad author Robert Kiyosaki explained his endorsement of bitcoin, saying the asset was an escape from the traditional financial markets.
Goldman Sachs Managing Director Encouraging Clients to Take Advantage of Market Opportunities
https://www.cryptoglobe.com/latest/2020/04/goldman-sachs-managing-director-encouraging-clients-to-take-advantage-of-market-opportunities/

Goldman Sachs managing director of Private Wealth Management Silvia Ardagna says they can see "light at the end of the tunnel," and is encouraging clients to take advantage of the dip in the equities market.
Bitcoin Drops Below $7000 Despite the Fed’s Balance Sheet Going Over $6 Trillion
https://www.cryptoglobe.com/latest/2020/04/bitcoin-drops-below-7000-despite-the-feds-balance-sheet-going-over-6-trillion/

Around 5:00 UTC on Friday (April 10), the price of Bitcoin dropped below $7,000 for the first time since Monday (April 6); this is despite the fact that on Wednesday (April 8), the Fed's balance sheet increased to a record high $6.13 trillion.
Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars
https://www.cryptoglobe.com/latest/2020/04/gold-backed-cryptocurrencies-develop-premiums-as-gold-demand-soars/

Cryptocurrencies backed by gold are starting to develop premiums as demand for the precious metal started surging after last month’s coronavirus-induced market crash.
Number of Bitcoin Whales Hits Two Year High Ahead of BTC's Halving
https://www.cryptoglobe.com/latest/2020/04/number-of-bitcoin-whales-hits-two-year-high-ahead-of-btc-s-halving/

The number of bitcoin whales – those with over 1,000 BTC in their addresses – has hit a two-year high ahead of the cryptocurrency’s halving event, in the aftermath of the coronavirus-induced market crash.
Bank of America Execs Confirm Partnership with Ripple
https://www.cryptoglobe.com/latest/2020/04/bank-of-america-execs-confirm-partnership-with-ripple/

Several Bank of America executives discussed the future of digital payments, confirming the bank's partnership with Ripple after years of speculation.
European Leaders Approve Emergency Funding, But No ‘Coronabond’ Aid Yet
https://www.cryptoglobe.com/latest/2020/04/european-leaders-approve-emergency-funding-but-no-coronabond-aid-yet/

A new credit line worth several hundred billion euros (potential) has been approved last night, along with new pledges for a more relaxed attitude toward fiscal injections in the EU; this prompts concerns of eventual inflation.
Crypto is Feeling the Impact of Coronavirus, But Should We Be Panicking?
https://www.cryptoglobe.com/latest/2020/04/crypto-is-feeling-the-impact-of-coronavirus-but-should-we-be-panicking/

Anyone watching the news over the last few weeks would be forgiven for thinking we’re right in the middle of some kind of apocalyptic nightmare. Every single news channel seems to have a ticker of live events, recording cases, and mortality in real time.
Privacy Coins May Have 'Communication Issues'
https://www.cryptoglobe.com/latest/2020/04/privacy-coins-may-have-communication-issues/

Many cryptocurrency projects claim to offer financial privacy. But just masking transaction data isn’t useful on its own, and privacy coins will fail if they don't provide the mechanisms necessary for true privacy.
Bitcoin.org Co-Founder CØ₿RA Argues Against Bitcoin’s Safe Haven Status
https://www.cryptoglobe.com/latest/2020/04/bitcoin-org-co-founder-co-ra-warns-against-bitcoins-safe-haven-status/

Bitcoin.org co-founder COBRA has warned against viewing bitcoin and crypto-assets as a hedge against traditional market volatility, saying that economic depression would drive down the demand for risky investments.
New Bitcoin Scam Uses British Royals Harry, Meghan Markle to Fool Investors
https://www.cryptoglobe.com/latest/2020/04/new-bitcoin-scam-uses-british-royals-harry-meghan-markle-to-fool-investors/

A new crypto scam is using the likeness of British royals Prince Harry and Meghan Markle to dupe investors into participating.
HTC’s Exodus Smartphone Will Allow Users to Mine Monero (XMR)
https://www.cryptoglobe.com/latest/2020/04/htcs-exodus-smartphone-will-allow-users-to-mine-monero-xmr/

Smartphone manufacturer HTC will allow users to mine Monero through their upcoming DeMiner application.
Top Crypto-Related Things to do During Quarantine
https://www.cryptoglobe.com/latest/2020/04/top-crypto-related-things-to-do-during-quarantine/

While on the lockdown, you probably eat more than usual, stress out reading the news and spend long hours in front of your crypto charts. But this lockdown can make up for the delay in all the things you have always wanted to do.
U.S. Should Not Bail out Billionaires and Hedge Funds, Says Social Capital CEO
https://www.cryptoglobe.com/latest/2020/04/social-capital-ceo-says-us-shouldnt-bail-out-billionaires-and-hedge-funds/

Social Capital CEO Chamath Palihapitiya criticized the US government's approach to bail out billionaires and large corporations, arguing that we should allow them to fail.
Travelex Paid $2.3 Million in Bitcoin Following Ransomware Attack
https://www.cryptoglobe.com/latest/2020/04/travelex-paid-2-3-million-in-bitcoin-following-ransomware-attack/

Foreign exchange company Travelex paid hackers $2.3 million in BTC in order to regain control of their network following January's ransomware attack.