Day: April 8, 2020

Global Hedge Fund Expects Bitcoin to Hit $8K; Hereโ€™s Why

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Bitcoin rebounded by almost 94 percent after bottoming out below $4,000 in mid-March. And the cryptocurrency could extend its upside momentum, according to a prominent investment management firm. Coincident Capital said Tuesday that the bitcoin price could hit $8,000, taking cues from the recovery of global equities amidst an otherwise looming economic crisis. The Cayman Islands firm highlighted the growing correlation between bitcoin and traditional markets, noting that an impending recovery in stocks could help the cryptocurrency extend its uptrend. โ€œBullish on Bitcoin,โ€ tweeted Coincident Capital. โ€œEquities pulled back today…

Global Hedge Fund Expects Bitcoin to Hit $8K; Here’s Why

boss

Bitcoin rebounded by almost 94 percent after bottoming out below $4,000 in mid-March. And the cryptocurrency could extend its upside momentum, according to a prominent investment management firm. Coincident Capital said Tuesday that the bitcoin price could hit $8,000, taking cues from the recovery of global equities amidst an otherwise looming economic crisis. The Cayman Islands firm highlighted the growing correlation between bitcoin and traditional markets, noting that an impending recovery in stocks could help the cryptocurrency extend its uptrend. โ€œBullish on Bitcoin,โ€ tweeted Coincident Capital. โ€œEquities pulled back today…

Canadian Blockchain-Energised Company VitalHub Announces Deployment of COVID-19 Electronic Screening Tool for Long Term Care

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Canadian technology company VitalHub is deploying its COVID-19 electronic screening tool to the Region of Waterloo-owned Sunnyside Home Long-Term Care, in support of their response to the deepening COVID-19 crisis. The development of this screening tool followed Sunnyside Homeโ€™s request for a solution to manage and conduct ongoing resident screening for symptoms typical of COVID-19. โ€œEnsuring the safety of residents and staff is our highest priority,โ€ said Julie Wheeler Administrator, Sunnyside Homes. โ€œWhen we reached out to VitalHub to help us with resident screening they were able to develop and…

Zoom Data Scandal Shows Blockchain May Be the Future of Communications

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As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned. Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking…

Blockchain Powered Immuno-Oncology Company Mateon Claims Anti-Malarial Drug Called Artemisinin, Derived from Asian Medicine Can Help Fight Covid-19

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Mateon has announced they recently discovered in its directed antiviral screening program that an anti-malarial drug called Artemisinin is highly potent at inhibiting the ability of the COVID-19 causing virus (SARS-CoV-2) to multiply while at the same time keeping an excellent safety index โ€“ claiming its safety is clearly superior to other drugs getting more attention in the media such as Chloroquine, Hydroxychloroquine and Remdesidivir. However, it still needs to go through months of well-controlled and sufficiently powered clinical trials before coming to market. Dr. Vuong Trieu, President and Chief…

Dutch Brokerage Platform Launches Crypto Trading Across Europe

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In response to the growing demand for cryptocurrency trading, Dutch retail brokerage platform BUX launched its commission-free cryptocurrency trading platform BUX Crypto. In a statement published April 8, the company announced that BUX Crypto is now available across 25 European countries. BUX stated that its new offering aims to bring new traders into cryptocurrency markets by simplifying the crypto trading process. BUX CEO and founder Nick Bortot said: โ€œWe see BUX Crypto as a natural extension of our current lineup, which is focused on offering products that make it simple…

Auto Manufacturer Tesla To Use Blockchain Technology to Speed Up Shipping Supply Chain

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Elon Muskโ€™s electric car manufacturer Tesla piloted a blockchain solution in late 2019 with leading shipment management technology solutions provider, CargoSmart, Cosco Shipping Lines, and the Shanghai International Port Group has been revealed. Teslaโ€™s speed will not only be reflected in the capability of the auto and in the automobile manufacturing process but now also in the logistics of them to market faster. The project was intended to design, built and test a new application to transform the cargo release process and has the potential to accelerate the digitalization of…

Chicago DeFi Alliance Launches to Save Decentralized Finance

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Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector. Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and other applicable requirements. Chicago DeFi Alliance to share its expertise to boost DeFi liquidity and markets According to a blog post by crypto fund Volt Capital, a founding member the CDA initiative, the alliance…