Day: April 17, 2020

COVID-19 Takes an Enormous Toll on Swiss ‘Crypto Valley’

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The President of the Swiss Crypto Valley Association, or CVA, said that the Coronavirus pandemic had a major impact on the local crypto ecosystem. A recent report claims that the representatives of nearly 80% of crypto valley’s firms said they will most likely go bankrupt over the next six months. When Cointelegraph asked CVA’s Daniel Haudenschild for his opinion on how accurate this depiction on the state of the crypto valley is, he said: “The information has been built from a smaller sample size however it certainly seems to mirror…

Bitcoin’s Recent Action Eerily Identical to $10,500 Top, Buyers Be Aware

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Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash. But, some analysts are starting to worry that with the rallying pausing, there’s potential for bulls to reverse the trend. Bitcoin Looks Almost Exactly as it Did When It Topped at $10,500 Cryptocurrency trader DonAlt recently shared the below chart, showing that while…

Bitcoin’s Recent Action Eerily Identical to $10,500 Top, Buyers Be Aware

boss

Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash. But, some analysts are starting to worry that with the rallying pausing, there’s potential for bulls to reverse the trend. Bitcoin Looks Almost Exactly as it Did When It Topped at $10,500 Cryptocurrency trader DonAlt recently shared the below chart, showing that while…

Bitcoin.com’s Market Aggregator Now Features Into the Block Crypto Asset Statistics

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At Bitcoin.com we take pride in providing the best cryptocurrency resources online so people can learn about the great benefits of bitcoin. One particular service we offer is a cryptocurrency market valuation and price data aggregator called markets.Bitcoin.com. This week our team is pleased to announce markets.Bitcoin.com now features statistics from the crypto asset intelligence company Into the Block. Also read: Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR Markets.Bitcoin.com Now Offers Into the Block Crypto Asset Intelligence and Data A while back, Bitcoin.com introduced our…

Crypto Traders Warn Big Bitcoin Price Plunge Is Around the Corner After Stagnancy

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For 15 days, the Bitcoin price has been stuck in the same range, consolidating at the same support level at $6,700. Although BTC surged to as high as $7,400 recently, it failed to test a key resistance level at $7,700 and has been stagnant since. Often, when the Bitcoin price becomes stuck in a tight range for an extended period of time, it tends to see significant volatility in the near-term. While the Bitcoin price could spike upwards in a strong, short squeeze given the negative funding rate of BTC…

New Blockchain Solution to Fight COVID-19 Complies With EU Data Privacy Regs

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An Internet of Things (IoT) blockchain specialist and a healthcare data firm have teamed up to devise a solution for fighting the pandemic that complies with European data privacy laws. On April 17, IoT blockchain startup Ubirch and Nasdaq-listed Centogene announced their partnership on a solution for securely handling the results of COVID-19 mass testing. Volkmar Weckesser, CIO for Centogene — which has collected epidemiologic, phenotypic and genetic data for 500,000 patients worldwide to date — said that when combined with Uirch’s blockchain portal: “[SARS-CoV-2] test results can be accessed…

Ethereum’s Vitalik Buterin on ‘Zombie’ BitTorrent Under Justin Sun ‘Dictatorship’

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Ethereum’s Vitalik Buterin lamented what he regards as an example of the “Justin Sun dictatorship,” after the TRON (TRX) founder was implicated in yet another plagiarism controversy. A recent rebranding of the BitTorrent File System (BTFS) was met with outrage by Juan Benet, creator of IPFS — or Interplanetary File System. Benet pointed out similarities between the new BTFS logo and that of IPFS, and alleged that the similarities don’t stop there. He tweeted: “Aaaaaahahaha it’s not enough to fork all our code, rebrand it and lie its theirs; copy…