Monthly Archives: April 2020

5 Rules Crypto & Stock Investors Should Follow During a Crisis

Equities markets are correcting strongly and the upcoming Bitcoin halving has investors worried, but don’t freak out, learn how to manage your risk. The global economy is experiencing massive shockwaves due to the continuing global coronavirus pandemic. Markets are at record levels of volatility, seeing historic swings in both directions on a near-daily basis. In the midst of the crisis, pundits and talking heads on television are switching tunes like a DJ quickly rotating through songs. One day they believe the bottom is in, while the next […]

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Dutch AMLD5 Implementation Leaves Crypto-Companies Footing the Bill

The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune. The Dutch Ministry of Finance’s implementation of the European Union’s fifth anti-money laundering directive, or AMLD5, requires the country’s Central Bank to monitor its cryptocurrency industry. The cost of this supervision will be passed on to crypto-based businesses. A recent report suggests that these new compliance fees will be higher than those paid by traditional trust and credit card companies. One directive, twenty seven varieties AMLD5 was supposed to bring increased transparency and […]

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Criminals Are Selling Covid-19 Infected Blood on the Darknet

Coronavirus-infected blood is allegedly up for sale on the darknet. Chainalysis held a webinar on April 15 to discuss the impact of COVID-19 on crypto crime. During this meeting, the company revealed that criminals claim to be selling coronavirus-infected blood on the darknet. COVID-19 hurts crypto criminals According to Chianalysis, darknet markets have not been immune to the adverse effects of the pandemic, with a 33% decline in the volume of cryptocurrency sent to scam addresses. Source: Chainalysis Cybercriminals have responded differently to the crisis. Some have […]

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DeFi Market Cap Back Above $1 Billion After March Market Crash

The capitalization of the tokens underpinning DeFi projects has reclaimed $1 billion, while the value of total funds locked up is $703 million. The value of the tokens underpinning decentralized finance, or DeFi, protocols has again surpassed $1 billion. The milestone comes amid a spike in the proliferation of DeFi projects, with data aggregator DeFiMarketCap estimating 246 projects to be active. The combined capitalization had crashed below $1 billion amid the March crypto crash that sparked a liquidity crisis for top DeFi project, MakerDAO (MKR). DeFi token […]

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Athletics-Focused Crypto Exchange Lists Its First Sport Token

A Malta-based sports blockchain venture begins trading a token released by Italian soccer club, Juventus. Cryptocurrencies like Bitcoin (BTC) are not new to the sports industry. Some NBA teams began accepting BTC as payment for tickets as early as 2014. Since then, the relationship between sports and crypto has been rapidly evolving. Today, a firm that claims to be the world’s first ever crypto exchange for sport tokens has rolled out trading for its first sports-focused coin. Chiliz.net, a Malta-based sports blockchain venture and crypto exchange, has […]

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China Blacklists Blockchain Company From Exporting Medical Supplies to Other Countries

Chinese firms are banned by the Chinese government from selling medical supplies to overseas clients due to “low qualityâ€� products. The Chinese government has banned state-backed blockchain firm, Tus Data Asset, from exporting medical supplies to countries dealing with the COVID-19 pandemic. According to the local newspaper The Global Times, the Beijing-based company was blacklisted on April 15 by the Ministry of Commerce because they “distorted” the nation’s image by selling poor-quality products. They additionally apologized for not supervising third-party suppliers more effectively. It is worth noting […]

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How Will Bitcoin’s Price React When US Businesses Reopen?

Traders weigh in on what Bitcoin’s future price action may look like once businesses reopen across the US. The U.S., like much of the world, has closed most non-essential businesses and ordered citizens to stay at home in an attempt to combat the spread of COVID-19. When the time comes for United States governing bodies to reopen the country, the Bitcoin (BTC) price could be impacted. “Once U.S. businesses open up, the key to watch for BTC is how the broader equities market reacts, as Bitcoin has […]

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Price Analysis April 15: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

The trading range of most major cryptocurrencies has tightened, meaning a sharp directional move could occur within the next few days. Lately, a great deal of attention has been focused on the correlation between Bitcoin and the S&P 500, meaning crypto traders need to keep track of the fundamentals of the equity markets. Global markets continue to be negatively impacted by the coronavirus pandemic and according to a report from the International Monetary Fund, the resulting lockdown in several countries will lead to one of the worst […]

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Blockchain Acceptance Could Revolutionize Finance in Abu Dhabi

As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies. Businesses in Abu Dhabi, the capital of the United Arab Emirates’, or UAE, are increasingly embracing blockchain technology as local regulators move towards adopting inclusive legislation regarding crypto assets. Though Abu Dhabi Global Market, or ADGM, announced its plan to allow crypto asset trading in 2018, the UAE capital has taken a cautious approach to rolling out permissive regulations. However, Abu Dhabi Islamic Bank, or ADIB, recently became the first […]

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Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving

The cryptocurrency market rout in mid-March, which saw bitcoin’s price slide significantly in value, has strained bitcoin mining operations by slashing considerable revenue from the block rewards. Moreover, shipping delays from mining manufacturers have caused uncertainty and mining operations don’t know when next-generation miners will ship. The mining firm Hut8 has revealed in an earnings call that the company is worried about the aftermath of the coronavirus economy, the upcoming halving, and mining rig shipment delays. Also Read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC […]

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