RATE Group | Bitcoin Surges Amid Coronavirus Outbreak; Can Blockchain Save Social Media?
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Bitcoin Surges Amid Coronavirus Outbreak; Can Blockchain Save Social Media?

02 Feb Bitcoin Surges Amid Coronavirus Outbreak; Can Blockchain Save Social Media?

Posted at 17:47h in Bitcoin News by

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CRYPTO MARKETS

Bitcoin hit a fresh 2020 high this week, reaching $9,570 on the Luxembourg-based bitcoin and cryptocurrency exchange Bitstamp Thursday evening. The latest bitcoin rally comes along with an increase in the price of gold, which has climbed as investors fret over the spreading coronavirus.

Some bitcoin and crypto analysts have pointed to geopolitical uncertainty being the cause for bitcoin’s latest move higher, though others are unwilling to classify bitcoin as a safehaven just yet.

Elsewhere, litecoin rallied around 10% over a 24-hour trading period at the end of the week. 

CAN BLOCKCHAIN SAVE SOCIAL MEDIA?

For any business on the internet, using Amazon, Microsoft or another cloud computing giant is a fact of life, but DFINITY—which has raised $190 million from…

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