Coinbase Card, the Visa debit card that lets you spend cryptocurrency directly from your Coinbase account, now works with Google Pay. This makes Coinbase, a U.S.-based cryptocurrency exchange, the first company that enables users to make mobile payments with crypto, Coinbase claims. The new option is live as of today, in the following countries: Unit
Atari is one of the oldest companies in gaming, but its modern track record is not so great.They recently announced the launch of their own online casino and crypto token.This is a stunningly bad idea for a company with such a poor r…
TL;DR: Learn how to build your own robot with The 2020 Complete Raspberry Pi and Arduino A-Z Hero Maker Bundle for $74.99, a 84% savings as of March 15. From building robots to creating home automation systems, it’s amazing how much you can do from the comfort of your own home (with no engineering degree)…
TL;DR: Learn how to build your own robot with The 2020 Complete Raspberry Pi and Arduino A-Z Hero Maker Bundle for $74.99, a 84% savings as of March 15.
From building robots to creating home automation systems, it’s amazing how much you can do from the comfort of your own home (with no engineering degree) using Raspberry Pi and Arduino. So if you’re afraid of being around people right now (understandably), why not spend the weekend tackling fun and educational project? All you need is the right instruction you can take your masterful creations to entirely new heights. But let’s not get ahead of ourselves.
What are Raspberry Pi and Arduino?
The Raspberry Pi is a credit-card sized computer designed as a fun way to learn code. It’s a popular tool for engineers and hobbyists alike to make a myriad of projects like video game consoles or Bitcoin. Arduino, on the other hand, is a microcontroller motherboard that’s best used for simpler, more repetitive tasks like automation or driving a “simple” robot. If you understand
Bitcoin plunged by nearly 40% in the last 24 hours.The brutal stock market selloff is killing other asset classes.Bitcoins safe-haven and uncorrelated asset narratives have been thrown out of the window.Bitcoin has a histor…
Bitcoin, a digital cryptocurrency born in 2009 on the heels of the last major financial crisis, has long been propped up by the idea that it is akin to digital gold. It’s been regarded as a “safe haven” type of investment, something that you can safely pack your money into when stock prices are falling. …
Bitcoin, a digital cryptocurrency born in 2009 on the heels of the last major financial crisis, has long been propped up by the idea that it is akin to digital gold. It’s been regarded as a “safe haven” type of investment, something that you can safely pack your money into when stock prices are falling.
Judging by the price action in the past couple of weeks, however, Bitcoin is definitely not that — at least, not yet.
In just two days, the price of Bitcoin has halved, going from around $8,000 to about $4,000, according to CoinMarketCap (the price actually went even lower on individual exchanges such as Coinbase). The prices of other cryptocurrencies followed suit, most with even bigger losses.
And while reasons behind crypto price changes have often been arcane, this time they’re not very hard to guess: Bitcoin was merely following other risk-on assets such as stocks, which have been plummeting due to the ongoing coronavirus outbreak. In the last two days, the S&P index, which tracks 500 major U.S. companies, has dropped from about 2,900 to 2,500. It’s not as steep a drop as Bitcoin’s, but it is absolutely crushing and comparable to the largest market crashes in history.
In finance, a risk-on asset is an asset that’s volatile and inherently risky, including stocks and commodities. A risk-off asset is something that doesn’t typically yield massive returns, but will likely hold up well in times of crisis, and this includes low-yield government bonds, cash, and, to a degree, gold. While gold is often itself too volatile to be considered a risk-off asset, it’s been a good haven in times of crisis; for example, its price held up fairly well during the subprime mortgage financial crisis of 2007-2009.
Bitcoin, having been launched after that crisis, was thriving during the longest bull run in history — an 11-year period in which stock prices rose basically without a pause. The theory that it was a risk-off asset, or at least a hedge for potentially falling stock prices, went untested until a few days ago.
Bitcoin’s sharp price drop has caught some of its proponents off guard. Brian Armstrong, the