Bitcoin Faces $10.500 Rejection, Bitcoin’s Mining Difficulty Stagnates as Coronavirus Delays New Equipment and FC Barcelona Dives Into Crypto
Bitcoin Faces $10.500 Rejection
Bitcoin fell by almost 2% in an hour on 13 February as markets faced rejection at $10.500.
Data from Coin360 showed BTC/USD dropping suddenly by over $300 on Thursday as Bitcoin failed to crack $10.500 resistance for the second time in a week.
Bitcoin’s Mining Difficulty Stagnates as Coronavirus Delays New Equipment
After posting solid gains in January, Bitcoin hash rate has stagnated in the past two weeks as the coronavirus disrupts economic activity in China.
This key measure of competition among Bitcoin miners adjusted on 11 February to a level 0,52% higher than 14 days earlier, data show. That’s a significant drop from the growth rates of 4,67% and 7,08%, recorded on 28 and 14 January, respectively.
FC Barcelona Dives Into Crypto
Spanish soccer topclub FC Barcelona has teamed up with fintech platform Chiliz to create a blockchain-based token for the sports franchise.
Chiliz created Ethereum-based Barca Fan Tokens (BAR) for use on its social mobile app called Socios.
“This is the ultimate goal and the best confirmation of our long term vision about fan engagement and monetization.” — Alexandre Dreyfus, Chiliz/Socios CEO
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