The third Bitcoin halving is here, bringing with it a lot of hype. Why? Well, at the first halving, BTC was $12, and spiked as high as $1,132. At the second, it was $648 and climbed as high as $19,497. For the third Bitcoin halving, today, it was at $8,763.
“In order to stem the spread of the coronavirus, people are taking drastic measures which are having huge implications for the global economy,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus. “The global economy basically went from booming in February to grinding to a virtual halt in March. Bitcoin isn't immune to that.”
It isn’t entirely fair to claim that bitcoin’s reputation as a hedge against bad times fell short on a day in which the word 'panic' was used to describe the markets.
Telegram’s victory in court over the Securities and Exchange Commission Monday wasn’t much of a victory. In fact, it could prove to be the undoing of its planned Telegram Open Network blockchain platform and gram cryptocurrency. The simultaneous announcement that it won't integrate gram payments into its Telegram Messenger platform signals a recognition that its fight to keep the $1.7 billion in gram tokens it sold in 2018 from being declared a security is faltering.
