As Bitcoin Cash underwent its first block reward halving on Wednesday, both BCH and BSV saw modest gains amid a falling market – but none of the fireworks expected on ‘halvening’ day. Bitcoin Cash (BCH) went through with its first block reward halving on Wednesday, with the coin price gaining 11.2% on the day.  Those gains were exceeded by Bitcoin SV (BSV), which gained 19.4% in the same time period. Bitcoin SV is scheduled to carry out its own block reward halving by Friday, April 10th.  Both […]

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Overstock will airdrop security tokens to OSTK shareholders on May 19, potentially flooding its fledgling tZERO exchange. Overstock has slated May 19 as the date to airdrop OSTKO security tokens as a dividend to its shareholders. They’ll get one security token for every ten OSTK shares they own as of April 27, making for 4.37 million tokens to be distributed in total. Importantly, trading for these tokens will take place exclusively on Overstock’s alternative trading system tZERO. It processes less than $10,000 in daily volume on average. […]

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The Texas State Securities Board issued an emergency order against a crypto mining firm that allegedly made fraudulent COVID-19 charity claims. The Texas securities regulator has continued its crackdown on cryptocurrency scams, spotting an alleged fraudulent crypto firm that made fake claims about COVID-19 donations. On April 8, the Texas State Securities Board (TSSB) issued an emergency cease and desist order against Ultra Mining, alleging that the crypto mining firm is involved in diverse illicit activities including purportedly fraudulent claims to double investors’ money. As specified in […]

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BTCs halving seems to be the only one on the minds of traders, with several forks correlating with BTC in the run-up to their halvings. With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events. Despite their halvings, BCH and BSV exhibited normal volume, and strong correlation with the crypto markets at large. Bitcoin forks fail to attract demand heading into halvings While at least six cryptocurrencies […]

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The DOCit app will be used as a screening tool in a Canadian region to combat the coronavirus pandemic. Canadian technology company, VitalHub Corp, announced on April 8 the first deployment of a blockchain-based coronavirus screening tool. The tool will be used by a Region of Waterloo-owned long-term care facility called Sunny Side Home.  According to the announcement, a request by Sunnyside Home resulted in the development of DOCit — a blockchain-driven app which will help to screen residents for common COVID-19 symptoms.  The tool seeks to […]

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Bearish traders are aggressively defending the 50-day SMA on most major cryptocurrencies but once crossed, momentum is likely to pick up. Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global […]

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The CARES Act shed light on the possibility of a digital dollar. Meanwhile, a blockchain-based solution is also being explored. Will one of them launch soon? The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one that will also have long-lasting effects on the economy. World governments are taking unprecedented measures to cope with the economic fallout of the virus, namely through the third coronavirus relief bill, which was approved by the United States […]

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Cointelegraph spoke to Chuck Young of the US Government Accountability Office to learn about the agency’s exploration into DLT. The supreme audit institution of the United States, the Government Accountability Office (GAO), posted two job positions with its Innovation Lab concerning the development of prototype applications for blockchain technology during March. Cointelegraph spoke to Chuck Young, the managing director of public affairs at GAO, to find out more about the agency’s interest in distributed ledger technologies, or DLT. GAO to refine auditing processes for blockchain Young stated […]

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