pandemic

Major Chinese Mining Pool Drops out of BTC Mining Race, Looking to Altcoins

Source Node: https://cointelegraph.com/news/major-chinese-mining-pool-drops-out-of-btc-mining-race-looking-to-altcoins
Time Stamp: April 6, 2020 5:56 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race. According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash rate decreased significantly from 4000 to 200 petahashes per second earlier in March. The pool decided to leave the Bitcoin mining business and possibly move into altcoin mining in the near future. Over 9% of Bitcoin

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

Source Node: https://cointelegraph.com/news/price-analysis-april-6-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 6, 2020 4:06 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

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 

Source Node: https://insidebitcoins.com/news/notable-dark-web-marketplace-bans-all-covid-19-vaccine-sale/256697
Time Stamp: April 6, 2020 3:36 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

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

Source Node: https://cointelegraph.com/news/charities-are-turning-to-bitcoin-amid-the-global-fight-against-coronavirus
Time Stamp: April 6, 2020 2:41 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

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

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

PlanB: Bitcoin Needs Only $200M Monthly to Stay Above $7k Level After Halving

Source Node: https://coinfomania.com/bitcoin-needs-only-200m-monthly-to-stay-above-7k/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-needs-only-200m-monthly-to-stay-above-7k
Time Stamp: April 6, 2020 9:43 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

100trillionusd, the anonymous creator of the Bitcoin stock-to-flow model has provided new evidence to support the popular opinion that the price of Bitcoin will surge in the months after its historic third halving that is now less than three weeks away. The latest research puts into perspective the amount of cash inflow that Bitcoin has needed to stay above the $7000 level since October 2017, the reward paid out to miners for verifying a block of transactions, and the total number of transactions added to the Bitcoin blockchain monthly. To

38% of Enterprises Plan to Adopt Blockchain Solutions in 2020

Source Node: https://insidebitcoins.com/news/38-of-enterprises-plan-to-adopt-blockchain-solutions-in-2020/256656
Time Stamp: April 6, 2020 6:47 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

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

Bank of Korea Launches Experimental Trial for National Cryptocurrency

Source Node: https://coinfomania.com/bank-of-korea-experimenting-cryptocurrency/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-korea-experimenting-cryptocurrency
Time Stamp: April 6, 2020 5:15 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The central bank of South Korea has announced the launch of its Central Bank Digital Currency (CBDC) pilot project to determine the requirements of issuing a government-backed cryptocurrency in the future.  According to a report by Yonhap today, the trial which commenced last month is a 22-month program focused on the technological and legal provisions needed to launch a CBDC. The Bank of Korea (BoK) believes the possibility of issuing a CBDC in the future is slim because of the increased demand for fiat currencies, the competitive nature of the global

Blockchain App Used to Track COVID-19 Cases in Latin America

Source Node: https://cointelegraph.com/news/blockchain-app-used-to-track-covid-19-cases-in-latin-america
Time Stamp: April 5, 2020 11:22 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America.Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety and cut store wait times by reducing gatherings in tight spaces, reducing the probability of contagion.” The software program could associate locals’ government ID numbers with unique blockchain records, allowing authorities to determine if they qualify for

Adult Entertainment Supported by Crypto Shoppers During Quarantine

Source Node: https://cointelegraph.com/news/adult-entertainment-supported-by-crypto-shoppers-during-quarantine
Time Stamp: April 5, 2020 8:46 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While many crypto holders around the world are practicing self-quarantine and other measures to limit social contact, some are turning to the adult industry for comfort. Speaking to Cointelegraph, cryptocurrency payment processor CoinGate reported an increase in purchases from adult stores in March over activity in February. Sites like ManyVids and LiveJasmin had 17% and 8% increases in cart sizes, respectively. Other adult stores reported a 36% increase in turnover. Most of these merchants are based in Europe, where measures are in place to limit people from leaving their homes and many