crypto companies are doing their part to help.

Blockchain-powered donation platform Binance Charity initiated a $5 million coronavirus relief campaign on Wednesday. At press time, its “Crypto Against Covid” campaign has received 24 donations, amounting to a total of 160.6306 BTC, its website details. A wallet has been set up for public donations, which can be made in BNB, BTC, BUSD, and XRP.

Cryptocurrencies are being used to help fight the global coronavirus pandemic. Crypto companies are doing their part to provide coronavirus aid to countries, hospitals, and people suffering from covid-19. A coronavirus relief campaign, a Red Cross bitcoin fundraiser, and an investment fund are some coronavirus relief initiatives involving cryptocurrencies.

The Fed could mint not one but two $1 trillion coins. The U.K. government will pay 80% of wages. A global recession of record proportions is a near certainty and coming as soon as next month. Stock markets around the world lost trillions of dollars in value in a matter of hours.

This morning, the Fed promised an open-ended commitment to keep buying assets under its quantitative easing measures—effectively offering to buy the entire market if necessary.

Most people thought that after the virus outbreak, money would go into Bitcoins and other cryptocurrencies as Bitcoin is considered to be the only ‘’safe-haven’’ asset at the time of crisis. But Bitcoin collapsed by 15% after the virus outbreak, thereby defying people’s expectations.

However, it is to be remembered that the value of Bitcoin is driven by demand and not on factors like interest rates and GDP than other fiat currencies depend on. Therefore, the prices of Bitcoin though showing volatility is most of the time, still remain steady when other markets fall.

Does Coronavirus impact Bitcoin halving & future?

Bitcoin halving needs new mining equipment every time; because once a Bitcoin halving takes place, the existing equipment becomes inefficient for mining. Mining farms then replace the old equipment to be on par with the new algorithm challenges.

China and South Korea are the most affected countries after the virus outbreak and both these countries have been serving as powerful crypto nations of the world, with China holding around 65% of mining power pertaining to Bitcoin. South Korea also serves as one of the important crypto nations of the world.

The aftermath of the virus outbreak has been so deadly that people started calling it a ‘’panicdemic’’ rather than a ‘’pandemic’’. Both the traditional stock market as well as the crypto market sank after the outbreak began showing up its deadly side.

The lethal outbreak of Coronavirus or Covid 19 in China has undoubtedly caused the global stock markets to plunge and as such, no exchange has not been affected by it. ... Both the traditional stock market as well as the crypto market sank after the outbreak began showing up