LONDON - As worries over the economic hit from the coronavirus outbreak spread from stocks, oil and bonds to cryptocurrencies late last week, bitcoin crashed to its worst day in seven years. But plummeting prices weren’t the only problem for investors.
Bitcoin prices collapsed nearly 40% on March 12, the biggest one-day drop since spring 2013, before jumping 16% a day later. “In an abundance of caution, and to protect the integrity of our marketplace, we paused the market to resolve the issue and ensure all market services were back online in a healthy state prior to reopening,” she said.
And while most exchanges continued as normal during the turbulence, the Gemini and BitMEX episodes may also fuel doubts that bitcoin’s infrastructure is solid enough for it to work as an alternative to traditional currencies. But with crypto markets having been dogged by cyberattacks since their birth 12 years ago, exchanges should be better prepared, said Tim Swinson, head of market intelligence at Clearmatics, a London-based blockchain startup that designs peer-to-peer payment platforms.
Great. Used by criminals too often anyway.
GerardMaci
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Dow plunges more than 1,300 points as coronavirus sends stocks reelingJUST IN: Dow Jones closes down more than 1,300 points in another day of massive volatility over the novel coronavirus crisis. Just another losing day under the loser president, Donald Trump. wsoctv Typical market, it's a constant Roller coaster, those Who Cashed there Stock, Should put it in Some TN Stock, growing State. wsoctv realDonaldTrump needs impeached for this mess!
La source: ABC - 🏆 471. / 51 Lire la suite »
Exxon pays more to borrow amid market turmoilExxon Mobil Corp paid a big premium to raise $8.5 billion in new debt on Tuesday... No industry -- not airlines, not hotels, not cruise ships -- should be bailed out. They can stay in business by borrowing at rock-bottom rates, using their assets as collateral. Taxpayer money should be used to bail out people, not corporations.
La source: Reuters - 🏆 2. / 97 Lire la suite »
Samsung flags chip recovery, shrinking phone market amid coronavirus outbreakSamsung Electronics Co Ltd said on Wednesday the coronavirus pandemic would hurt... Shops are closing anyway
La source: Reuters - 🏆 2. / 97 Lire la suite »
Federal Reserve to shore up prime money market funds amid Wall Street routThe new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money market funds. Stunning. US futures down another 5%. Exhausting. You can’t ‘policy’ your way out of a pandemic. TrumpPandemic YES! Thank you federalreserve Lessons learned from 2008 finally having to be used.
La source: CNBC - 🏆 12. / 72 Lire la suite »