Month: March 2020

Why Bitcoin’s Tumble Under $6,000 Could Be the Start of Something Worse

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Bitcoin hasn’t done too well over the past few hours. As reported by this outlet previously, the cryptocurrency just tumbled under $6,000 just hours ago, falling under this key psychological level for the first time in a week. Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed The cryptocurrency seems poised to close its ongoing daily and weekly candles under this level, which would mark a slight blow to bulls. Indeed, many traders expect the asset to continue to trend lower over…

Berkeley Blockchain Incubator Welcomes Startup Fighting COVID-19

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The Berkeley Blockchain Xcelerator, an incubator program for distributed ledger technology, or DLT, startups run out of UC Berkeley, has welcomed Snark Health into its spring cohort. Snark Health seeks to combat COVID-19 by “building a framework for data-driven discussions and shared learnings” to enable the “rapid dissemination of information to improve patient outcomes.” Health startup fighting coronavirus joins UC Berkeley blockchain incubator Snarks platform aims to facilitate the sharing of best practices and information regarding the coronavirus pandemic between individuals, non-governmental organizations, and government agencies at local, state, and…

Bitcoin Price Falls Below $6,000 on Declining Trading Volume

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For the second time in one week Bitcoin (BTC) price has fallen below $6,000. Today’s pullback below the $6,000 mark comes as the weekly and monthly close approach and its possible that the price could also be influenced by investors fear that traditional markets may continue to correct at Monday’s opening bell. Crypto market daily price chart. Source: Coin360 At the time of writing the price is trading at $5,917 after bulls failed to hold the $6,200 support. For the short term, Bitcoin will need to hold $5,850 or traders…

Why Ethereum Should Go Mobile

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We live in an increasingly mobile world where I can order a vehicle driven by a complete stranger to take me anywhere, I can get food delivered in minutes, and I can conduct almost all my immediate banking needs — all via apps on my phone. We’re in a decade when firing up a computer to do these tasks would seem tedious compared to quickly swiping on a phone. Computers are no longer required, let alone optimal over mobile access, and this innovative trend has big implications for the future…

Blockchain-Related Deals Are Moving From The US to China

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New York-based research firm, CB Insights, has released a report showing that  Chinese startups are starting to substantially increase their blockchain-related investments. The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015, deals from US-based companies accounted for 51% of Blockchain tech growth. Comparatively China-based companies represented only 2%. However, the balance has now tipped in China’s favor.  Data indicates that in 2019, the percentage of deals enacted by U.S. startups fell to 31%. During the same year, China’s market share grew…

BTC Worries, Buterin ‘Embarrassed,’ Blockchain Fights Coronavirus: Hodler’s Digest, March 23-29

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week A calmer week for Bitcoin — but price may not return to $10,000 soon Bitcoin remained largely steady in the mid-$6,000s for most of this week but failed to punch through levels above $6,900. Analysts, such as Cointelegraph’s Michaël van de Poppe, have warned BTC…

Blockchain to Revolutionize Luxury Watch Ownership

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Digital identity consortium, Arianee, has authenticated a limited batch of luxury wallets using its blockchain protocol. On March 26, Swiss luxury watchmaker Breitling announced the release of a limited edition chronograph certified using the Arianee protocol. Each individual Top Time watch will be given a unique digital identity using distributed ledger technology. Breitling Issues First Blockchain-Based Digital Warranty For Mechanical Watch Breitling, which was founded in 1884, claims to be the first watchmaker to issue watches with a warranty program certified using blockchain technology. Each watch will be sold with…

Fake Ledger Chrome Extensions Continue to Steal Crypto From Victims

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Fake Google Chrome extensions for crypto hardware wallet manufacturer and custody provider, Ledger, continue to claim victims. On March 28, a post was published to Reddit by a user seeking to warn others that they had just lost 14,908 Ripple (XRP) (roughly $2,577) to a fake Ledger Wallet extension on the Google Chrome store.  According to the poster, ‘leannekera’, the lost funds comprised a nest egg that she and her husband had been growing since 2017. The wallet that her XRP was sent to quickly forwarded her funds to a…

Canada’s New AML Rules Have Room for Improvement but a Good Start, Eh?

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As the world’s supervisory agencies start to heed the crypto guidelines of the Financial Action Task Force, a new regulatory landscape is taking shape within the crypto industry. The latest country to annex the FATF directives is Canada, but how will the new rules impact crypto business in the country? In a report released March 10, the Financial Transactions and Reports Analysis Center of Canada, or FINTRAC, unveiled plans for an “enhanced AML regime.” Come June 1, 2020, FINTRAC will treat all crypto firms as money service business, or MSB.…

Tech against Corona (COVID-19) – Dutch Enterprise Blockchain Company TYMLEZ Helps Dutch Government

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The “Tech against Corona” Initiative of Dutch tech companies including TYMLEZ offers free support in the fight against the coronavirus (COVID-19). To this end, an online meeting took place on Wednesday 25 March between various tech companies and civil servants, including MPs. The purpose of this meeting was to discuss how these companies can contribute to the fight against the coronavirus through their services and products. In an interview with Blockchain News, Associate Professor at the University of Amsterdam and TYMLEZ CTO Jaap Gordijn stated: “Blockchain can be the enabling…