Monthly Archives: March 2020

Ethereum Community Enthralled Over Controversial ProgPoW Proposal

The Ethereum community has been debating a proposal called ProgPoW as many ETH proponents believe the Programmatic Proof-of-Work function will alter the network significantly. The contentious topic has seemed to galvanize the community, with the ProgPoW proposal favored by a significant proportion while being detested by others. A few Ethereum participants were shocked on February 21 when the Ethereum Improvement Proposal (EIP) 1057 (ProgPoW specification) was submitted at a developers meeting. Also read: Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions The Controversial Programmatic […]

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Kraken Announces Plans to Expand Indian Operations As Crypto Ban Lifts

Kraken is planning to strengthen its presence in India following the Supreme Court’s recent verdict opening up cryptocurrency use in the country. The U.S. based crypto exchange Kraken will start to increase its operations in the Indian market following the recent ruling of the country’s Supreme Court to lift banks’ banning to do business with crypto companies, according to a March 9th announcement. According to Kraken, its growth in India was hampered by the ban on the Reserve Bank of India (RBI). However, they did not give […]

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Coronavirus Leave Seats Empty At London Blockchain Week

Coronavirus ravages another crypto-focused conference, with London’s Blockchain Week seeing a horde of empty seats. In 2007, Lebanese-American essayist, statistician and risk analyst Nassim Nicholas Taleb introduced the world to the notion of a “black swan.” A black swan is Taleb’s metaphor for large, unexpected events that wreak havoc across finance, science and technology. Thirteen years on, the world is reeling from its latest black swan in the form of coronavirus, with London Blockchain Week as the latest event in crypto to feel the effects.  With public […]

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Bitcoin Tested as a Safe Haven After Biggest Stock Crash Since 2009

Bitcoin price searches for support as the DOW, S&P 500, European and Asian markets register historic losses as fear of the Coronavirus pandemic continues to spread. The VIX volatility index, the stock market’s main risk indicator, skyrocketed to 55 on March 9. This is the highest level since 2009. Meanwhile, Saudi Arabia’s talks with OPEC member Russia soured, triggering a price cut competition. This led Brent Crude, the international oil benchmark to trade at $36.20, down 20% from the previous session. The Dow Jones Industrial Average tanked […]

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Newly-Launched Bitcoin.Com Lottery Unlocks Global Lotteries Through Cryptocurrency Payments

Following the recent partnership between Bitcoin.com and Bravio Technologies Limited, the Bitcoin.com Lottery platform has officially launched. It lets users play the most popular global lotteries from any location. Tickets can be purchased using either bitcoin cash (BCH) or bitcoin core (BTC) as payment methods. Also Read: Bitcoin.com Partners with Canadian Gaming Giant Bravio Tech on Global Lotteries Use BCH or BTC to Play Power Ball, Mega Millions and Other Global Jackpots With Bitcoin.com Lottery Traditional lottery platforms limited users in many ways. Tickets could only be […]

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Women in Blockchain: Has Gender Distribution Come to the Crypto Market?

As the blockchain industry becomes mainstream, more women are getting involved in the market, making it no longer a men-only business. On Dec. 4, Bitcoin (BTC) fund operator Grayscale published the results of a study that showed 43% of respondents interested in BTC investments turned out to be women. Today, half of Binance’s employees are female — and in India, women make up the majority of crypto investors. Does this mean that gender equality has come to the market? Or are cryptocurrencies and blockchain technology still a […]

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Canada Funds Blockchain Firms Looking to Trace Steel

Canada’s government approves funding of two national companies to start implementing blockchain technology to trace steel. Canadian authorities have approved funding of two blockchain firms, Peer Ledger and Mavennet, to create a platform that enables steel traceability, reported Ledger Insights on March 9. The Innovation, Science, and Financial Development Canada (ISED), a government initiative in charge of promoting the research and development of Canadian small and medium-sized enterprises, adopted the measure, granting both companies CAD $150,000. Strengthening digital traceability on the steel supply chain Peer Ledger (Halifax-based) […]

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Price Analysis Mar 9: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

The crypto markets have turned down sharply over the weekend and are threatening to wipe out all the gains made in 2020. Crude oil prices plunged about 30% on Monday to the lowest levels seen since Feb. 2016. This triggered a sell-off in global equity markets, which were already reeling under the pressure of a likely global slowdown due to the coronavirus outbreak. At its lowest level, the crude oil traders were nursing losses of about 55% year-to-date. Similarly, the US markets have plummeted about 15% year-to-date. […]

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Libra Association Member Offers an Explanation for the Crypto Market Decline

Marc Bhargava, co-founder of crypto prime broker Tagomi, blames margin calls for the current selloff. A prime crypto broker blames margin calls on non-crypto assets for the current crypto market slide. Marc Bhargava, co-founder of Tagomi (which has recently joined the Libra Association), shared his explanation of the current market downturn with Cointelegraph. Since Tagomi is connected with ten of the biggest exchanges and some of the biggest crypto traders, it enjoys a rooftop view of the market. Here’s how the co-founder contextualizes the recent market downturn […]

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Belarus Wants Authorization to Seize Crypto from Criminals

The Investigative Committee of the Republic of Belarus plans a legal initiative that would allow the authority to confiscate crypto from criminals. Amid countries increasingly auctioning Bitcoin (BTC) seized in law enforcement actions, some jurisdictions are fighting for authorization to confiscate crypto. A state authority in Belarus wants lawmakers to authorize them to seize cryptocurrencies like Bitcoin from criminals. The Investigative Committee of the Republic of Belarus, a centralized system of state law enforcement agencies, is purportedly planning to back a legal initiative that would grant them […]

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