The latest news about digital currencies in the first week of March 2020

The latest news about digital currencies in the first week of March 2020


The latest news about digital currencies in the first week of March 2020
The latest news about digital currencies in the first week of March 2020
Today, digital currencies are considered one of the most effective technologies that will have a major impact in the world, as institutions and large companies have directed to use them in most areas, but as with traditional currencies,Digital currencies are greatly affected by the events and changes that happen permanently in our world.

This week's news is full of interesting events about Bitcoin and other currencies and there are expectations that the price may increase significantly due to the spread of the Corona virus around the world,Cryptocurrency mining has also evolved and has involved many new practices with the goal of obtaining the largest possible profit margin, as well as the spread of ATMs more widely around the world and other news, so follow us.

Bitcoin may be up to $ 100,000 due to the spread of Corona virus

According to the expectations of Max Keiser, who is considered one of the most prominent activists in the field of digital currencies, the effects of the spread of the Corona virus around the world will contribute to raising the price of Bitcoin up to 100 thousand dollars this year,He indicated that 2020 will be the second part of the global financial crisis that occurred in 2008 and which contributed to the emergence of Bitcoin in 2009, and in the event of the crisis actually Bitcoin prices will rise dramatically.

Of course, the increased global panic generated by the Corona virus may lead to some economic problems in the world, but it is not known whether these problems lead to a global financial crisis, as happened in 2008,Keiser's expectations for this large rally may also be overrated, but it cannot be confirmed with Bitcoin not tied to traditional currencies and there are no limits to the possibility of a price hike of up to $ 100,000.

With the beginning of this year, the price of Bitcoin has returned to rise above the $ 7000 barrier to reach $ 10,000 last month, but it has returned to decline and rise at the beginning of this month to exceed $ 9000 again at the end of last week,With these fluctuations considered to be permanent for Bitcoin, there are no current indications that this price may increase in this way.

A power station in New York mining Bitcoin at $ 50,000 per day

A power station in New York mining Bitcoin at $ 50,000 per day
A power station in New York mining Bitcoin at $ 50,000 per day

A report from Bloomberg newspaper indicated that one of the power plants in the US state of New York mining bitcoin on a daily basis with a huge profit margin, as she does so using the power of the plant to power the thousands of mining machines she bought for that.Previously, the facility used to operate mining machinery when there was more demand for energy during the winter and summer seasons, but now it is mining every day without interruption.

The high energy expenses are considered one of the most important challenges that stand in the way of the success of any project of this type, as the profits resulting from this process may be equal to the amount of costs spent on its operation.But for Atlas Holding, the owner of the power plant, these costs are much lower while they are producing their own energy, which is the main reason behind their ability to make profits of up to $ 50,000 a day from mining.

HTC Corporation Announces 5G Router Supports Block Chain

HTC Corporation Announces 5G Router Supports Block Chain
HTC Corporation Announces 5G Router Supports Block Chain

Although HTC is absent from the smartphone market, it is still active in many other areas, and the company last year launched the Exodus 1 phone that works with blockchain technology.Now followed by its launch of the technology-enabled Exodus 5G Hub Router, the router provides the ability to connect multiple devices with it and enjoy the high 5G speed, in addition to the privacy and security features it includes.

The device will use the Zion Vault system, which allows users to store digital currencies such as Bitcoin, Ethereum and many others as well.It also offers many security and privacy features, such as the ability to retrieve private keys through your trusted friends, in addition to encrypted email service Proton Mail and a Brave browser with a decentralized VPN service as well.

The router came with a Snapdragon 855 processor that was used by most high-class Android phones last year along with 4GB RAM, also includes 1Gbps Ethernet port and a 7660mAh battery,The company has not announced the price of this router yet, but with the base issue price starting at $ 600, it is not expected that the new issue price will be lower.

India's digital currency is unblocked

India's digital currency is unblocked
India's digital currency is unblocked

The Supreme Court of India has issued a ruling to repeal the controversial ban imposed by the Reserve Bank of India on the digital currency market in the region,As the three judges responsible for this decision stated that the ban imposed by the bank on the pretext of protecting the country's economy was not supported by evidence.

This problem dates back to 2018 when the Reserve Bank of India issued a circular asking local banks and other financial institutions to stop any financial transactions related to digital currencies,Many protested this decision being unconstitutional and transcending the bank’s jurisdiction and powers, and as a result many activists and those interested in digital currencies have stood together against this decision in an attempt to stop it.

The number of ATMs in digital currencies is increasing

The number of ATMs in digital currencies is increasing
The number of ATMs in digital currencies is increasing

According to Coin ATM Radar data, the number of ATMs that support cryptocurrencies has exceeded 7,000 over 75 different countries, as these devices include Bitcoin in addition to Bitcoin Cash, Ether, Dash and Litecoin as well.These devices allow you to buy digital currencies through them or even sell what you have for money as well. It is worth noting that these devices do not belong to one company, but are divided between more than 40 different companies and factories.

It is worth noting that we saw the world's first cryptocurrency ATM in 2013, when a company called Robocoin put an exchange machine in a cafe within the Canadian city of Vancouver, and the idea was very popular with users exchanging bitcoin for $ 10,000 since the first day.



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