{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
June 11, 2020 |
Dan Mitchell | 0 Comments|1438 Views
Get Into Cryptocurrency Trading Today
BTCS was founded in June 2013 and is based in Silverspring in Maryland USA. It claims to be among the first U.S. companies to focus on digital assets and blockchain technologies, and is also “developing a digital asset data analytics platform”.
The ticker for BTCS is ‘BTCS’ and the stock itself has seen a stark rise in value since mid-April 2020, after a long plateau between March and mid-April which itself had followed a steady decline from around mid-February. Mid May to present however, BTCS stock price appears to be in another plateau.
It could be assumed that the low price volatility through March and mid-April was influenced by investors uncertainties towards markets, as a result of Coronavirus fears and the economic lockdown.
The Coronavirus pandemic had a similar impact (even leading to some negative volatility) amongst the crypto markets, including BTC and ETH. After COVID 19 had reached a pandemic status, the value of BTC dropped massively, but (along with the rest of the market) it has since enjoyed a recovery overall.
As the name suggests BTCS is largely focused on Bitcoin (BTC). Beyond BTC, the organisation plans to “acquire additional assets to provide investors with indirect ownership of digital assets that are not securities,” including Ether (ETH).
Furthermore, BTCS claims to be directing it’s “digital asset acquisition strategy” towards its ‘protocol layer’ (TCP/IP, HTTP, etc) as a means of driving its developer onboarding, innovation, as well as user appeal.
BTCS reported on April 21, 2020, via press release that it had emboldened its cash position: amounting to $500,000 in additional funding. This was achieved through ‘convertible note financing’, and a $42,000 loan from the CARES Act Paycheck Protection Program.
The CEO of BTCS Charles Allen confirmed our belief that Coronavirus had an effect on company stocks when he stated that:
“The coronavirus pandemic has sent shockwaves through the global economy… While digital assets tumbled with the initial sell-off in equities in March, we believe this is an anomaly that could create an opportunity for us to accumulate digital assets at attractive prices. With a strengthened cash position and lowered burn, we are in an ideal position to increase exposure to digital assets at depressed values.”
Back on July 29, 2019: Charles Allen distributed a letter to the shareholders of BTCS, which included information such as ongoing activities and long term strategic vision/roadmap.
The letter mentioned that BTCS would be focusing on the ‘blockchain space’, seeking to “bridge the gap between public company experience and blockchain expertise”.
The letter highlights that in the first half of 2019, the company “signed an equity line of credit (ELOC) agreement to raise up to $10 million, an agreement that is in line with our goals of avoiding toxic funding and seeking out the lowest possible cost of capital while minimizing shareholder dilution”. It claims to have successfully raised $1.24 million since January in 2019.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
BTCS Stock | Market, Pandemic and Recovery
BTCS was founded in June 2013 and is based in Silverspring in Maryland USA. It claims to be...
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Dogecoin Review
What is Dogecoin?Dogecoin is a cryptocurrency that was based on Luckycoin’s blockchain, which w...
Cryptohopper Malware, The Spreading of Trojans Through Cloned Websites
Amongst the negative stories that appear in the cryptocurrency news cycle, one of the most...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
What Are the Disadvantages of Bitcoin?
Does Apple accept Bitcoin?
Can I buy house with Bitcoin?
Can I transfer Bitcoin to my bank account?
What companies use cryptocurrencies?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article