Month: March 2020

Block.one Invest $150 Million Into Voice, But Privacy Concerns Linger

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Block.one — the company behind EOSIO (EOS), has injected $150 million into its controversial blockchain-based social media network, Voice. Announced on March 26, the investment comprises $50 million in intellectual property assets and $100 million. The injection is intended to give Voice the resources needed to operate independently from Block.One. Voice is in closed beta Voice is currently in closed beta testing and is exclusively available to U.S. users. The platform is built on top of the EOSIO protocol. Users must verify their identity to use the platform, after which…

No Evidence of Crypto-Related Charge in Maduro Drug Cases

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Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage. “Maduro and his co-defendants are not alleged to have been involved with crypto, directly,” Ashok Ayyar, counsel at Experience Legal, told Cointelegraph. A number of Venezuelan officials, including former president Maduro, faced a slew of charges from U.S. governing bodies, according to a March 26 statement from the U.S. Department of Justice (DoJ). Despite the press release announcing the charges touting the Homeland Security Investigations’ ability…

Price Analysis Mar 27: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

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Most cryptocurrencies have turned down from their overhead resistance levels suggesting a minor correction or period of consolidation will occur in the next few days. The coronavirus pandemic and the economic crisis that it has brought along is the first of its kind in this generation. For weeks now, global equities markets have been swinging wildly due to the uncertainty. However, compared to the traditional markets, Bitcoin has been holding up quite well and its volatility has been gradually reducing in the past few days. Pantera Capital Founder and CEO…

Binance Academy Establishes Physical Presence in Shanghai

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Binance Academy has entered into an agreement with Shanghai’s local government to set up an office in the country. The initiative will reportedly be devoted to research blockchain technology in accordance with an Oct. 24 statement from Xi Jinping promoting its use. As announced on March 27 by local news outlet TheBlockBeats and Binance’s CEO Changpeng Zhao, Binance Academy will establish the Lingang Blockchain Technology and Industry Research Institute in Shanghai’s Lingang special economic zone. The initiative is the result of cooperation with local organizations in the Lingang area, and…

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them

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According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History Miners Sell More Bitcoin Than They Generate On March 26, news.Bitcoin.com reported on how miners witnessed 45% of the overall hashrate shaved since Feb. 29 and miners also dealt with the second largest difficulty drop…

Blockchain Tech Leads the Charge in UAE’s Coronavirus Fight

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A number of international blockchain-based solutions have taken up the challenge of preventing further outbreaks in the midst of the COVID-19 pandemic. The United Arab Emirates (UAE) is the most recent country to propose solutions reliant on a distributed database. As reported by the Emirates News Agency on March 25, the UAE’s Ministry of Community Development (MOCD) has begun using digital channels to provide government services. MOCD’s “stay-at-home” priority The MOCD would be relying on the use of digital identity through blockchain-based systems and chat systems for the digital authentication…

Bitcoin (BTC) Could be Tested By Another Stock Market Dip Due to the Coronavirus

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In brief: Today, the US has surpassed China in confirmed cases of the Coronavirus. A total lockdown might be the only option left to curtail the spread of the disease in North America. The Stock markets might experience another dip due to technical and fundamental factors.  Bitcoin (BTC) might thus be tested one more time by a stock market meltdown. New developments reaching Ethereum World News regarding the spread of the Coronavirus indicate that the United States has surpassed China in the number of confirmed cases. At the time of…

After 14 Years in Investment Banking, I Joined the Crypto Industry

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“How could I possibly do this?” — That is what I asked myself when the opportunity presented itself to leave my 14-year career in corporate and investment banking to join the startup world. It was certainly one of the biggest decisions of my life. I chewed on it for a month, which in my world of decision making, is quite a long time. One of my most active clients at the time was a TSX-listed DirectCash Payments Inc, a global payment processing company with operations on multiple continents and valued…

Microsoft Files Patent For Crypto Mining System Using Body Activity Data

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Tech giant, Microsoft, is looking to develop a cryptocurrency system which enables individuals to mine cryptocurrency using their body activity data, eliminating the need for specialized mining machines. Microsoft published a patent dubbed “Cryptocurrency system using body activity data” on March 26. Their paperwork details a method of crypto mining which exploits data associated with a user’s body activity to exercise a new form of proof-of-work. The document further details: “For example, a brain wave or body heat emitted from the user when the user performs the task provided by…

Blockchain-Fueled Entertainment Platform Ficto Launches Interactive Streaming Network

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Ficto, a free fast fiction streaming service that offers interactive shows produced exclusively for mobile without a paywall, has launched its mobile app, available on both iOS and Android. The platform uses blockchain-based smart contracts for payment. Featuring a full slate of premium programming cultivated from both A-list Hollywood and emerging talent, Ficto offers shows and series ranging from original dramas and licensed film adaptations to comedies, docuseries, talk shows, game shows, news, and more. Ficto fairly compensates the producers of all content on the platform, from the big-name pros to the…