Day: March 16, 2020

BTC Hashrate Follows Price Drop – 20% Lower Before Bitcoin Halving

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Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has affected bitcoin miners as they are making fewer profits than they were a week prior. By Monday, March 16, BTC’s hashrate slid below the 100 exahash (EH/s) territory and the BCH hashrate fell below 4 EH/s. Moreover, BCH has 22 days left until the block reward gets cut in half and there are 56 days until the BTC halving. Also Read: Traders Flock to Tether, USDC, PAX –…

MakerDAO Considering USDC Collateral Support For Enhanced Liquidity

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MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, as an alternative collateral to help bear this risk, according to a community thread on March 16.  MakerDAO’s Foundation Dev Team had a call on the matter at 11 AM ET today, discussing the code for the USDC collateral adaptor — a recording of that call is available here. According to the post describing potential USDC collateral support, the move…

Toyota Reveals Blockchain Lab After 11 Months of Research

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Toyota Motor Corporation, along with Toyota Financial Services Corporation, unveiled its Toyota Blockchain Lab, March 16, comprising six Toyota Group companies. The lab is exploring what the future of the automotive industry may look like. Established in April 2019, the Blockchain Lab has been quietly examining the potential of blockchain technologies for the past 11 months, and now seeks to accelerate initiatives towards business implementation and expand strategic partnerships outside the group. Toyota aims to become a “mobility company” The stated aim of Toyota’s almost year-long foray into blockchain technology…

Inside BeQuant: 3 Days With a Crypto Exchange CEO

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Have you ever wondered what it’s like to run a cryptocurrency exchange? Now’s your chance to find out! Take an inside look at the life of BeQuant CEO George Zarya in Cointelegraph’s latest documentary: 3 Days With a Crypto CEO. From pub beers in London to impromptu flights to Malta, from office puppies to World War II cryptography machines, the life of a crypto CEO is never dull. George Zarya is the CEO of cryptocurrency exchange BeQuant. Founded in May 2018, BeQuant Exchange averages over a billion dollars in monthly…

4 Key Bitcoin Metrics Show Not All Hope Is Lost for BTC Price

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Bitcoin (BTC) price dropped to $3,700 for a brief period on March 12, ending the day at $4,970. By March 13, the price recovered from the major downtrend, ending the day at $5,563 and showing an impressive return of over 11%. Cryptocurrency market daily performance. Source: Coin360 The recent market turmoil, whether in traditional markets or the crypto space, has raised questions on the price evolution for Bitcoin, as well as its crucial network features. Let’s take a look at four key Bitcoin price and network metrics in order to…

CoinDCX To Allocate $1.3 Million to Indian Crypto Education

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Crypto exchange CoinDCX has announced on March 12 a $1.3 million funding towards increasing awareness and adoption of cryptocurrencies in India. According to the company, the funds will go towards a long-term project called TryCrypto, which will seek to introduce 50 million Indian consumers to cryptocurrencies. Items to be funded within TryCrypto Educational programs, seminars, workshops, and distance courses are among the fronts that the CoinDCX initiative aims to finance, representing 15% of the funds allocated to said project. Roadshows and awareness campaigning will be 25% of the total investment,…

Cardano Foundation Is Sued by Former Research Partner

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Earlier today, March 16, Cardano Foundation made an announcement on its website disclosing that Z/Yen Group Limited (UK) has initiated legal proceedings against it. Z/Yen Group — Former Research Partner Z/Yen Group Limited is a fintech think tank and a former research partner of the Foundation. Back in 2018, the two co-authored a report entitled “The Quantum Countdown: Quantum Computing and the Future of Distributed Ledger Encryption.”  Interestingly, Cardano founder, Charles Hoskinson, in a YouTube Ask Me Anything live stream from March 15, mentioned that his company is doing research…

Argentinean Gov’t Blockchain Hacked to Spread Fake News on Coronavirus

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In the midst of the global emergency caused by the Coronavirus pandemic, the Argentine government confirmed on March 14 that they suffered a hack on the website of their official gazette (Boletin Official) based on blockchain technology, where false statements regarding the coronavirus were spread. According to officials quoted by El Cronista, there were direct hacking attempts that failed to enter the newsletter’s system. Still, the hackers located a vulnerability that allowed fake news to be spread through edition 34,239 of the bulletin. Such information mentioned some guidelines that were…

Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion

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The world needs a good cause to cheer right now in these tense times. Luckily, St. Patrick’s Day is coming up this Tuesday, March 17. To celebrate the holiday and give players an extra reason to smile, Bitcoin Games is offering a new free spins promotion. The platform is a provably fair online casino where you can play popular games using BTC and BCH. Its Free Spins feature allows users to place free bets on a slot machine that awards real crypto winnings. Also Read: Video Games Giant Ubisoft Is…

Market Recession Was a Long Time Coming, Not Coronavirus Surprise: Research

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Analysts had predicted a recession for years and it should not come as a surprise, according to crypto-focused market research firm Crebaco. Crebaco claims in a report shared with Cointelegraph that the recession that has taken hold of the markets was anticipated by many analysts over the last several years. The document reads: “The Global markets have been correcting since [the] last few days. Some blame it on CoronaVirus, some curse on crude oil.” As the report points out, Bitcoin (BTC) corrected by over 50% in 36 hours while the…