Month: March 2020

Edward Burton – Proof of Concept for a Blockchain COVID-19 Response System

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by Edward Burton, Developer ~ advertisement ~ Having outlined the rationale for using Blockchain as an emergency response system for the COVID-19 epidemic here: How Blockchain could help fight the coronavirus, we have gone one step further and built a demonstration system with a simplified architecture to demonstrate the value that blockchain technology could bring in establishing a secure, distributed system in our fight against the global epidemic. This demo system allows us to do the following: Pseudo-anonymously register citizens on a blockchain, sharing as much medically relevant data as required,…

Edward Burton – How Blockchain could help fight COVID-19

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Sharing is caring! by Edward Burton, Developer ~ advertisement ~ As a British expatriate living in Spain, I’m seeing the effects of the deadly coronavirus firsthand. At the time of writing this, I’m now on day eight of my quarantine at home with my wife and two young children (two and four). Many people are contributing courageously to the fight against the virus, with medical staff and front-line workers such as police and even agricultural/logistics workers risking their health and bravely providing the services we need to stop a terrible…

Vitalik Proposes Solution to ‘Embarrassing’ Lack of Bitcoin–Ethereum Bridge

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Ethereum co-founder Vitalik Buterin posted a tweet on March 24 claiming that the continuing lack of easy movement between the Ethereum and Bitcoin networks was embarrassing. As a solution, he proposed putting resources into building a decentralized exchange (DEX), to act as a trustless bridge between the two. DEX should be trustless, serverless and Uniswap-like Buterin’s plan calls for the DEX to be trustless and serverless, with a user experience very similar to Uniswap. Uniswap is a decentralized exchange that runs without an order book, instead relying on asset pairs…

Bitcoin Price Still Following Exact Pattern That Marked 2018’s $3,000 Bottom

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Over the past day or two, the price of Bitcoin has continued to show signs of strength, rallying as high as $6,800 on Tuesday afternoon (TradingView data) as global markets begin to show signs of recovery after weeks of downward price action. Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why As it stands, the price of the leading cryptocurrency sits at $6,600, up 73% from the $3,800 bottom and up over 20% in the past five days in and of themselves. While many have…

Bitcoin Price Still Following Exact Pattern That Marked 2018’s $3,000 Bottom

boss

Over the past day or two, the price of Bitcoin has continued to show signs of strength, rallying as high as $6,800 on Tuesday afternoon (TradingView data) as global markets begin to show signs of recovery after weeks of downward price action. Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why As it stands, the price of the leading cryptocurrency sits at $6,600, up 73% from the $3,800 bottom and up over 20% in the past five days in and of themselves. While many have…

Australian Securities Exchange Delays Switch to Blockchain Due to COVID-19

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The Australian Securities Exchange (ASX) has once again delayed its transition to the blockchain, due in part to uncertainty around the impact of the global COVID-19 pandemic. In an announcement published on March 25, ASX said it was replanning its blockchain implementation timetable in light of the unfolding crisis, as well as because of issues that were under consideration prior to the outbreak. In June, the exchange will therefore seek user input to establish a new go-live date — which until now had been set for April 2021. Pandemic-driven volatility…

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

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After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount. As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible. Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”. Will a devaluing U.S. Dollar push…

Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement

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Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. This was the single biggest daily rally since 1933.  At press time, BTC price is attempting to establishing a higher foothold at $6,700 while Dow futures and are up over 114 points, according to Bloomberg Markets. The strong relief rally on March 24 also showed that investors anticipate that the stimulus package will help to stem bleeding markets and…

Anonymous Bitcoin SV Miners Capture 55% of the Network Hashrate

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The Bitcoin SV network has been a topic of conversation recently as stealth miners currently command more than 55% of the chain’s overall hashrate during the last seven days. Last year analysts noticed a large amount of the hashrate on all three SHA256 networks (BTC, BCH, and BSV) was being processed by mystery miners. Since then both BTC and BCH only have a small percentage of stealth miners hashing away at each network. Meanwhile, BSV and the coin’s community of participants currently face a block reward reduction 16 days from…

Here’s Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term

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Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions. Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar. The price could grind higher towards $7,000 or even $7,500 if it clears the $6,800 resistance. There is a major bullish trend line forming with support near $6,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…