Coronavirus

Bobby Lee Calls For BTC to Reach All-Time High in 2020

Crypto exchange founder, Ballet crypto wallet company CEO and founder, and member of the Bitcoin foundation’s board of directors, Bobby Lee, sees soaring prices in Bitcoin’s (BTC) future.  Lee said he expects Bitcoin to hit $10,000 by its block reward halving in May in a statement provided to Cointelegraph. The CEO also forecast a $25,000 price tag for BTC by December 2020. The halving means less inflationLee has projected positive price targets for Bitcoin on a few other occasions. In a tweet last November, the CEO predicted the asset will hit $500,000

ConsenSys Health Launches Coronavirus-related Virtual Hackathon

ConsenSys Health announced on April 7 the launch of the “STOP COVID-19 Virtual Hackathon,” which will take place from April 13 to May 11, 2020.The initiative is sponsored by Gitcoin, Hyperledger, ConsenSys, One Million Developers and OpenMined. It aims to leverage blockchain and other technologies to facilitate data access for researchers and healthcare professionals seeking to curb the outbreak coronavirus and prevent future pandemics.The virtual hackathon also hopes to advance cohesion between life sciences and next-generation experts to develop solutions that strengthen public health without sacrificing user privacy. In the

Crypto Conference Attendees Prepare to Enter a 3D Virtual World

Blockchain and cryptocurrency enthusiasts have found new ways to come together amid the global coronavirus lockdown. A crypto conference called BlockDown 2020 is scheduled to take place in the virtual realm this month, with big name personalities from the blockchain community set to appear as digital 3D avatars.Notable attendees on the docket include Binance founder and CEO Changpeng Zhao, Stellar co-founder Jed McCaleb, and NEO founder Da Hongfei. Also appearing will be Roger Ver, executive chairman of Bitcoin.com, and Erik Voorhees, CEO and founder of Shapeshift.Musician-turned-crypto-innovator Akon will headline the

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19

Max Keiser: Selling Bitcoin Now for ‘Fiat Debt-Coupons’ Is a Crime

Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself.That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7. Dixon: “World’s largest regulated Ponzi scheme” is dyingDiscussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst.“I don’t want to be dramatic, but

Cuomo Does a CoCo

If you want to see what good Coronavirus Communication looks like, just watch Andrew Cuomo. This is not a political statement (we’re beyond politics now), it’s about effective communication in a time of crisis. New York governor Andrew Cuomo has been consistently following Coronavirus Communication Best Practices, which we gave to you in our free CoCo Cheat Sheet several weeks back. You won’t sit through the entire video, so we’ve snipped a few soundbites so you can get the flavor. Watch a few seconds of each. [embedded content] Be honest: In

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies.The sharp selloff on March 12 was a good example of panic and the sharp correction was quickly followed by a phase of cherry-picking by long-term investors. Since bottoming out on March 13, most major cryptocurrencies have rebounded

Notable Dark Web Marketplace Bans All COVID-19 Vaccine Sale 

In a rare move that has perhaps never been seen before, a marketplace on the dark web has banned the sale of a self-proclaimed vaccine for the coronavirus pandemic. According to a tweet from noted tech author Eileen Ormsby, Monopoly Market, a popular platform on the dark web, has banned the sale of purported vaccines for the coronavirus for Bitcoin.Darknet market Monopoly has taken a more responsible approach to touting #COVID19 "cures" on their #darkweb site pic.twitter.com/uWFLx75deQ— Eileen Ormsby (@EileenOrmsby) April 1, 2020Honor Among Criminals As the tweet showed, the market’s administrator pointed

Charities Are Turning to Bitcoin Amid the Global Fight Against Coronavirus

In the war against the novel coronavirus, cryptocurrencies are emerging as a much-needed tool for charity and fundraising projects. Already there are a number of large nonprofits accepting Bitcoin donations. Plus, some blockchain and crypto firms are contributing medical supplies to hospitals in an attempt to curb the virus, while others are setting up fundraisers and charities that are aimed at helping its victims.As a number of nonprofits continue to accept cryptocurrency donations, they are starting to realize that crypto transactions significantly reduce costs in terms of fees. Here are

38% of Enterprises Plan to Adopt Blockchain Solutions in 2020

With blockchain solutions growing in popularity, the number of enterprises planning to adopt the technology in 2020 is set to increase. Data gathered by InsideBitcoins.com indicates that 38% of entities will integrate blockchain solutions into their operations this year.From the data, 15% of the enterprise will heavily adopt blockchain solutions while 23% will have moderate adoption to manage different operations. Organizations are also planning to adopt technologies like the Public cloud. About 79% of enterprises are planning to have heavy or moderate adoption of technology.Elsewhere, Artificial intelligence (AI)/and machine learning