COVID-19 — more commonly known as the coronavirus — has unleashed massive shock waves among the worldwide health, science, government and business communities as societies are trying to contain the virus. At the moment, the scale and velocity at which the coronavirus is spreading are proving difficult to manage because the regional clustering of the outbreak has moved beyond the initial Hubei province of China to South Korea, Iran, Europe and parts of North America. Economic impact The coronavirus is not the first serious epidemic that has claimed hundreds of lives and caused enormous economic losses to the global economy. …

Coronavirus has been dominating the news cycle last couple of months, as it continues to spread across the globe. Cointelegraph has taken a closer look at how coronavirus is affecting the crypto industry in China, interviewing various professionals who work in this space in the country. The consensus is that, although the crypto industry is not immune to the effects of the virus and the panic it elicits, the impact is mitigated by the fact that much of the work in this space does not require a lot of face-to-face interaction. Many people working it the cryptocurrency industry already work …

At the start of February, the cryptocurrency market was doing fairly well with many altcoins pressing above their 2-year old descending trendlines and breaking above the 200-day moving average on astonishingly high volume surges that provided investors with double and triple-digit returns on a nearly daily basis. By Feb. 13, Bitcoin (BTC) was trading at $10,500 and bullish analysts forecasted that any day the $11,000 and $11,500 resistance levels would be obliterated, opening the door for a swift return to the $12K zone. Even as Bitcoin price rejected at $10,400 and pulled back to $9,500 investor sentiment remained bullish as …

Organizers in Paris have rescheduled a major local blockchain industry event due to the coronavirus outbreak. According to an announcement on March 2, the Paris Blockchain Week Summit — initially meant to take place from March 31 to April 1 — is now expected to take place on Dec. 9–10. The organizers rescheduled the event due to recent guidelines issued by the French government which prohibit large gatherings that could increase the scope and severity of the coronavirus outbreak. A major industry event The announcement stated that the conference will proceed as expected and “the venue, schedule and setup remain …

Just one week after releasing its plan for the coronavirus spread worldwide, Coinbase is recommending its employees prepare for the next phase, and they’re not the only ones. Coinbase CEO Brian Armstrong sent out a Tweet to his 300K+ followers on Mar. 2 indicating the crypto firm would be directing certain employees to work from home. Within an hour, the founder of Messari, Ryan Selkis, posted a similar message stating the company would be “going remote first and will be scrapping most planned business travel for the next couple of months.” Armstrong shared an updated version of the Coinbase plan, …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week A bruising week for cryptocurrencies, stock markets and even gold This week, it seemed like nowhere was safe from panic over the coronavirus. Almost $3.2 trillion in U.S. stocks has been wiped out U.S. since Monday — and over the past seven days, Bitcoin has tumbled by more than 13%. Even gold, traditionally regarded as …

In today’s crypto market discussion, Cointelegraph is joined by crypto analyst Naeem Aslam, and the CEO of Tokenmetrics Ian Balina to discuss the impact of the coronavirus on the cryptocurrency markets. Will the economic impacts of the coronavirus leave people flocking to cryptocurrencies as a safe haven? Naeem Aslam is skeptical of Bitcoin’s purported ‘safe haven’ status, emphasizing that Bitcoin is a haven from central bank monetary policy, and not infectious diseases: “I think when we talk about Bitcoin as a safe haven asset, we're really talking about in relation to central banks and their monetary policies. Right now, we …

The experts have had a rough few days. Anthony Pompliano, co-founder and partner at Morgan Digital Creek, spoke to CNN about Warren Buffett’s poor view of Bitcoin. The Sage of Omaha had said that he doesn’t own any BTC and sees no value in digital currencies. Pompliano argued that Buffett might be a whiz when it comes to spotting stocks but he’s not so great when it comes to technology. Someone else who turned out not to be so great at technology is an anonymous Chinese crypto whale who is reported to have lost $30 million worth of BCH and …

Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years. According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013. Gold drops 7% in 5 days after coronavirus sell-off Over the past five days, gold broadly succumbed to the sell-offs affecting traditional markets due to the ongoing coronavirus outbreak. Between Feb. 24 and Feb. 29, XAU/USD lost a total of 7.3% before a slight rebound. The fragile performance puts gold roughly on par with “digital gold,” …

Since the start of the week Bitcoin (BTC) price has dropped more than $38 billion as traditional markets also fell by more than 10%. As reported throughout mainstream media, this week’s collapse of the largest equities markets is the worst correction since the 2008 meltdown and more than $3.8 trillion in value was erased as daily news of the Coronavirus spreading throughout the world dominated headlines. Investors are now wondering if the rally which propelled Bitcoin price from $6,400 to $10,500 is over and as the end of the month approaches, Bitcoin is on course to record a monthly loss …

Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time. The Dow Jones Industrial Average closed with a decline of 1,100 points (4.4%) and is down more than 10% for the week. The Nasdaq Composite also fell 4.6% to 8,566.48 and the S&P 500 endured a similar blow, dropping 4.4% to close at 2,987.76. According to market analysts, today’s drop represents the largest daily decline in recent history. …

Fundstrat’s Tom Lee was the main highlight of last week’s Blockchain Economy 2020 event in Istanbul, Turkey. Taking the stage on day two, Lee addressed a crypto-savvy audience for about half an hour. Before delving into why Bitcoin (BTC) would see a price hike this year, Lee started his speech with a nod to the famous comparison between the internet and blockchain: “The most important generational trade over the next twenty years is going to stand around the disruption of the financial industry. And the most important of these technologies are going to be blockchain and crypto.” Those two topics …