Day: March 7, 2020

India’s Crypto Bulls Roadshow Given Full Head of Steam by Ban Repeal

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The Indian Crypto Bulls Roadshow describes itself as a not-for-profit initiative that seeks to educate Indian citizens as to the emerging blockchain and cryptocurrency sectors. The roadshow was originally scheduled to visit eight major Indian cities over 20 days — New Delhi, Jaipur, Ahmedabad, Surat, Mumbai, Pune, Hyderabad, and Bangalore. However, following India’s Supreme Court ruling that the Reserve Bank of India’s (RBI) ban on banks providing services to companies operating with crypto was unconstitutional, the roadshow has scheduled seven additional cities to host the event — Chennai, Visakhapatnam, Bhubaneswar,…

India’s Crypto Bulls Roadshow Given Full Head of Steam by Ban Repeal

boss

The Indian Crypto Bulls Roadshow describes itself as a not-for-profit initiative that seeks to educate Indian citizens as to the emerging blockchain and cryptocurrency sectors. The roadshow was originally scheduled to visit eight major Indian cities over 20 days — New Delhi, Jaipur, Ahmedabad, Surat, Mumbai, Pune, Hyderabad, and Bangalore. However, following India’s Supreme Court ruling that the Reserve Bank of India’s (RBI) ban on banks providing services to companies operating with crypto was unconstitutional, the roadshow has scheduled seven additional cities to host the event — Chennai, Visakhapatnam, Bhubaneswar,…

Hash Rate and Bitcoin Price During Mining Events: Are They Related?

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On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world. Cryptocurrency market daily performance. Source: Coin360 Interestingly, Bitcoin’s hash rate reached an all-time high on March 5 – 157 quintillion hashes per second – according to the available data from Coin Dance. This increase has been the pattern since the start of this year. Hash rate represents the computational power that Bitcoin miners need to employ to confirm transactions on the…

Cryptocurrency News From Japan: March 1-7 in Review

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This week’s headlines from Japan include crypto exchange Zaif reopening account registrations, government agencies meeting on crypto, the Federation of Economic Affairs submitting a national Blockchain proposal, Coincheck adding Qtum, and Rakuten Wallet opening leverage trading account registration. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Zaif crypto exchange reopens account registration after hack Japanese crypto exchange Zaif opened its doors once again for new account registrations, starting on March 6. Hackers pilfered more that $63 million in crypto from the platform in…

Iota Founder Confirms He Will Repay Victims of $1.97 Million Hack

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On Feb. 12 Iota (MIOTA) suffered an attack targeting its official desktop wallet. The Iota network went offline on the same day, and has remained down since. On March 6, David Sønstebø, the founder of Iota, revealed that he will personally fully repay all 46 victims of last month’s Iota hack to the tune of 8.52 million MIOTA — worth roughly $1.97 million at the time of writing. Cointelegraph spoke to David directly, who confirmed that he will reimburse all affected users from his own pocket, and that the Iota…

London Blockchain Week Spreads Into Day Two Despite Coronavirus Scare

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The second day of Fintech Worldwide’s Blockchain Summit kicked off to unusually glorious sunshine. But you’d be hard pressed to notice that in the venue because there was no natural light filtering through to the handful of attendees that braved the ongoing coronavirus scare. Despite COVID-19’s spectre looming large over the conference, panelists spoke about an impressive range of topics, including how Blockchain can help local women in the Maasai Mara, to the day’s debate on the state of adoption. As MakerDAO’s Gustav Arentoft told me during the conference, speakers…

Here’s Why Coronavirus Deaths Will Dramatically Decrease Over Time

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SARS-CoV-2 or the novel coronavirus has mutated into two strains. Aggressive quarantine measures are keeping the aggressive strain of the virus in check. People who recover from the mild strain of the virus will have immunity against SARS-CoV-2. Governments around the world are scrambling to contain the rampaging coronavirus (SARS-CoV-2). In the United States, there are 159 confirmed cases and 11 deaths. Worldwide, the number of confirmed cases has soared above 95,000 as thousands contracted the infection in South Korea, Italy, Iran, and China. Total deaths has eclipsed the 3,000…

Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

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The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t been this low since 2017. Additionally, alternative P2P trading platforms like Paxful are being criticized for their restrictions against certain countries. Also read: Traders Bemoan New Localbitcoins Identity Requirements The Aftermath of Localbitcoins’ Recently Implemented…

Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks

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In the past few hours, Bitcoin (BTC) price dropped 3.85%, losing $9,000 and pulling back to $8,835. The abrupt downside move occurred after Bitcoin price rallied to $9,188, slightly above the $9,150 target many traders had suggested the asset would reach before attempting a more decisive move toward $9,300. Crypto market daily price chart. Source: Coin360 Traders had anticipated a rejection at either $9,150 or $9,300 and at the time of writing the daily timeframe shows the price holding above the 20-MA of the Bollinger Band indicator at $8,858. BTC…

Virtual Racers Like James Baldwin Might Soon Replace Traditional Racing Drivers

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James Baldwin is an eSports driver who recently won the World’s Fast Gamer contest. As part of his prize, Baldwin will have a chance to drive in the 2020 GT World Challenge. This could pave the way for more drivers to move from simulations to real-world racing. Whether by outsourcing or by automation, technology is threatening many jobs. Esports driving champion James Baldwin is now coming for jobs of racecar drivers. Baldwin’s victory and subsequent racing career will have a significant impact on the future of other esports racers. |…