Shortly from the Cryptoworld 14/03 | Online purchases, Mew app, Consensus 2020, Current prices of Top 10 cryptocurrencies

Gold has a problem too

Gold at the beginning of this week looked like a very safe asset. Not only could we see exponential growth, but even the global gold market situation did not indicate a possible decline. This is a thing of the past. Over the last days, gold has lost more than 10%. So the only investment that seemed safe was no longer safe! Traders, in fear, sell everything they buy to protect themselves from huge losses.

Fear of coronavirus forces to online purchases

State-imposed quarantines, decisions to socially distance, and policies set to work-from-home, has led to surges in screen time use and online shopping. This increase in preparedness buying is spreading to the crypto sector as well, leading to unprecedented growth for a number of crypto payment processors.  

Lolli, a bitcoin rewards application, reports a doubling in sales “from retailers supplying food and essentials such as Safeway and Vitacost,” Aubrey Strobel, the company’s head of communications, said in a direct message. BTCPay, a retail payment processing service, has seen a massive increase in users. More details.

MEW application allows express purchase of cryptocurrencies. But it has a catch

The popular MyEtherWallet comes with a new mobile application called MEWconnect that allows instant purchase of cryptocurrencies in less than 15 seconds. The catch, however, is that app users must use Apple Pay and tolerate a high fee of 3.99% in the US and 5.25% in the rest of the world.

So far, the app is only available to Apple users, while the Android version is pending. MEW Director Alex Komarov sees the main advantage of the application in its express services. “With a normal cryptocurrency purchase, you need to verify your identity, make a deposit, get it approved, verify your identity … Now you can make the entire purchase in a minute, and if you have Apple Pay, in 15 seconds,” he explained. More details.

Consensus will be broadcast online due to coronavirus

Cryptoaction of the year Consensus will be canceled due to coronavirus. As a replacement, participants will secure this event via online streaming. According to preliminary information, all projects and companies will come to the Consensus. We will be able to watch their speech and presented products by means of internet transmission. So it is excellent news that this high crypto event will not eventually cancel out completely.

“We are working with best-in-class platform providers to support this effort and are committed to bringing the entire crypto community together with the high-quality content you have come to expect from CoinDesk. With premier speakers discussing the most important topics of our time, all coordinated by CoinDesk’s experienced journalists and moderators in a rolling live TV-like experience, we are confident a virtual Consensus 2020 will be an enriching experience for our audience. And everyone can enjoy it from the safety of their homes.” More details.

Current prices of TOP 10

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