Monthly Archives: April 2020

Binance Shelters Against Job Losses During Global Pandemic

Binance, the world’s largest crypto exchange, has announced 100 new hires despite the ongoing economic downturn. While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn. In an April 3 tweet, Binance invited people around […]

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2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

Bitcoin price could see a rally to $8,000 following the breakout to $7,000, but a potential selloff in stocks could put BTC at risk of revisiting new lows. The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term. Dan Niles, the founding partner of Alpha One […]

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Exchange CEO Forecasts Crypto Market Uptick in Coming Weeks

AAX exchange CEO Thor Chan thinks crypto markets will do well, despite recent and current uncertainty. As the world sits in flux between coronavirus and financial market concerns, AAX crypto exchange CEO, Thor Chan, thinks cryptocurrencies will ultimately make out ok. “During a period of intense panic, many investors fled the markets in search of cash, or to defend their positions elsewhere,” Chan told The Merkle in a March 30 interview, referencing recent plunging crypto and mainstream markets. “Cryptocurrency markets suffered together with all other markets,” he […]

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Malaysian Securities Regulator Approves Crypto Trading Platform

Malaysia-based cryptocurrency trading firm Tokenize Malaysia has received full approval from local securities watchdog. Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog. With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings. Malaysian laws require that local cryptocurrency exchanges register with the SC, after […]

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Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis

Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets in order to save their economies. Data shows that the U.S. owns the biggest stockpile of gold reserves and the Federal Reserve could very well unload the bullion in times of extreme financial stress. Also read: Homeowners Can’t Pay: US […]

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John McAfee Offers $500 in ETH-based DAI for Corona Apocalypse Pics

Sea-bound computer programmer John McAfee offers $500 in DAI for best original post-quarantine photograph. Famed altcoin advocate, John McAfee, has put up a $500 reward in the Ethereum based stablecoin, DAI, for the best original photo taken in the midst of the coronavirus lockdown. The sea-bound computer programmer asked for pictures of vacant highways and cities from people who are still able to leave their homes for essential supplies and activities. McAfee tweeted: “Those able to leave your homes during quarantine … (to buy food or get […]

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Price Analysis April 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Bitcoin price continues to push higher but major cryptocurrencies should sustain above their 20-day EMA to confirm that the downtrend might be over. On April 2 the U.S. Labor Department reported that the U.S. weekly jobless claims skyrocketed to 6.6 million. In the previous week, the claims stood at 3.3 million, meaning over the past two weeks the number of laid off American workers seeking unemployment benefits has reached 10 million. If the numbers continue to grow, the government and Federal Reserve is likely to announce another […]

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Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed

The case for an immediate Bitcoin price spike after the halving in May is flawed, past data shows. The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin. On the Bitcoin network, miners create blocks that record Bitcoin transactions to essentially verify and confirm payment data using computing […]

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150-Year-Old Chinese Gas Company Ramps Up Blockchain Adoption

A 150-year-old Chinese utility provider will ramp up blockchain adoption in partnership with VeChain and ENN Energy Holdings. Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31. Shanghai Gas, founded in 1865, is owned by utility services company, Shenergy Group — which claims to occupy more than 90% of Shanghai’s gas market. The firm has an annual supply of over 8 billion cubic meters. Shanghai Gas expands blockchain […]

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South African National Blockchain Alliance Holds Online Launch

The South African National Blockchain Alliance has been launched to drive technology development by bringing public and private enterprises together. The South African National Blockchain Alliance carried out an online livestream launch while the country is in the midst of a 21-day lockdown to curb the spread of the coronavirus pandemic. The organization was due to be launched at the beginning of April in Johannesburg but had to be taken online as South Africa and the world tackles a global health crisis. The launch happened during a […]

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