The nonprofit organization, Blockchain for Social Impact Coalition (BSIC), is launching a new event called Virtual Earth Day Event on April 22, 2020. BSIC, who is dedicated to advancing the implementation of blockchain-based initiatives to address social and environmental challenges aligned with the UN’s Sustainable Development Goals will also use the event to announce the winners of its 6-week Decentralized Impact Incubator Program, which focused this year on climate challenges. The Incubator activated a global community of developers, entrepreneurs, humanitarians, and students, and supports them as they build social enterprises…
Category: News
Why Crypto Liquidations Protect Us All
If the current COVID-19 pandemic has exemplified one thing, it is that our individual actions have consequences for all of us. Unfortunately, human nature propels the majority of humankind to put its individual interests first, and it takes a truly severe crisis to open our eyes to the interconnectedness of our actions. It is through assessment of real-life stress tests that the blockchain industry’s collective immune system develops the necessary resilience, and this is of the utmost importance, as the world’s total unpreparedness for the COVID-19 threat clearly showed. The…
Selling Bitcoin Now for ‘Fiat Debt-Coupons’ Is a Crime
Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself. That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7. Dixon: “World’s largest regulated Ponzi scheme” is dying Discussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst. “I don’t want…
Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering
Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB. OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%. A trader told Cointelegraph that small…
Microsoft Helps Hospitals Fight Ransomware Amid Coronavirus Pandemic
Global computing conglomerate Microsoft is notifying hospitals that are vulnerable to ransomware attacks to help prevent healthcare institutions from becoming overwhelmed amid the COVID-19 pandemic. The firm also published recommendations to hospitals for securing their systems and preventing ransomware attacks on April 1. Through the company’s network of threat intelligence analysts, Microsoft states that it “identified several dozens of hospitals” with vulnerable virtual private networks and other public-facing gateway applications in their systems: “During this time of crisis, as organizations have moved to a remote workforce, ransomware operators have found…
Bitfinex Launches Staking in Response to Customer Demand
Major cryptocurrency exchange Bitfinex has become the latest exchange to offer staking services to customers. Announced April 3, Bitfinex will offer staking rewards up to 10% per annum on crypto assets underpinned by a Proof-of-Stake algorithm. “We’re committed to engaging our existing users and the wider community with new products and innovations,” said Bitfinex’s CTO, Paolo Ardoino. “The Bitfinex Staking Rewards Program provides our users with another avenue to increase their holdings on our platform.” Bitfinex introduces staking in response to customer demand Ardoino states that Bitfinex’s clients asked for…
Bitcoin Has Gained $600 for 3 Consecutive Mondays — Price Hits $7,400
Bitcoin (BTC) bulls showed up early Monday morning and took full control of Bitcoin price by sending the price through the $6,900-$7,200 resistance zone to a nearly 4-week high of $7,454. The surge to $7,454 occurred as the United States’ markets opened strong, leading the S&P 500 and Dow to rally 7.03% and 7.73%, respectively. It seems investors are beginning to gain some confidence as the rate of novel coronavirus infections begins to slow down in Italy, Spain and China along with murmurs of additional financial stimulus packages from governments. …
‘Hard for CoinMarketCap to Stay Neutral’
Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out. Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was the crypto data website’s $400 million acquisition and the role it may play in the future. Ong highlighted his company to “uphold data integrity” in the face of “many new exchanges… faking their volume.”…
Bitcoin Bulls Aim Crucial Test of 100-day SMA Near $8K
Bitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems like BTC bulls are now aiming a test of $8,000 or the 100-day simple moving average. Bitcoin is gaining traction and it recently surpassed the $7,000 barrier against the US Dollar. The price is up more than 80% from the 2020 low of $3,932. There is a key bearish trend line forming with resistance near $7,880 on the daily chart of the BTC/USD pair (data feed from Kraken). The bulls are…
Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable
Ripple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price struggled to gain strength above $0.2025 and it is currently correcting gains. Ripple price is showing a lot of positive signs and it rallied above the $0.1880 resistance against the US dollar. There was a sharp rally above the $0.2000 barrier, but the bulls failed to remain in action above $0.2025. There is a key bullish trend line forming with support near $0.1940 on the hourly chart of the XRP/USD pair…
