Plus, majority of crypto transactions are valueless |
 
 
Hello Bitcoiner,
This week’s changes:

Bitcoin is continuing to pump in price during this week. BCH is also moving up, while the other top crypto assets aren't doing as well. Ethereum leads the way with a three percent drop. The third Bitcoin halving is only 2 days away.
Price changes by Bitcoin.com
Prices are as of 9.00 a.m EDT.
Don’t miss any market movements.
Bitcoin.com Markets

The economy was collapsing way before the COVID-19 in the U.S.

The global economy has shuddered and the majority of people still attribute the financial meltdown to the pandemic. However, many citizens are now blaming the government lockdowns, overly-predictive models, and industry shutdowns. Moreover, a recently published report states that the financial crisis in the United States started five months before Covid-19’s first death report in the United States.
Read on

Majority of crypto transactions are valueless

Over three months, researchers examined network traffic of three high-scalability blockchains: EOS, Tezos, and XRP. The authors found that only a small fraction of transactions are used for value transfer purposes. Particularly, the research showed that 95 percent of the transactions on EOS where the result of an airdrop of a valueless token, 82 percent on Tezos was used for maintaining consensus, and only 2 percent of transactions on XRP were considered valuable.

Lebanese economic crisis is ahead of us

Lebanon’s currency is collapsing and the country is clearly facing an unprecedented economic crisis. The Lebanese currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting against how the government handles the economic meltdown. They claim that the actions led to people’s living situation deteriorating "terrifyingly." Can we expect this to happen to all countries?
Read on
Do stock market investors know something that the rest of America doesn’t?
S&P 500 valuations rise to 18-year highs as earnings fall at the fastest pace since the 2008 financial crisis. The stock market keeps rising while the global economy is collapsing. People start to think that Wall Street knows something that the rest of America doesn’t when it comes to what a post-COVID-19 pandemic future looks like.
Need a lightning-fast place to buy, exchange and store Bitcoin?
Download the Bitcoin.com Wallet
Download Wallet for Android
Download Wallet for iOS
Visit Bitcoin.com
 
 
 
 
 
 
Book of Pyramids, Scroll of Adventure and Zeus the Thunderer II
Looking for an easy way to buy Bitcoin & more?
Buy directly through our website
Want to change how you receive emails from us?

Saint Bitts, LLC, 858 Zenway Blvd, P.O. Box 1830, Frigate Bay, Saint Kitts and Nevis