Monthly Archives: April 2020

Crypto Gaming Seems to Be Exploding During COVID-19

Bling’s crypto gaming apps have seen a surge of downloads in the wake of COVID-19. US-based crypto gaming company Bling has reported a significant increase in the number of people using its products since most of the world entered various stages of lockdown in response to the COVID-19 pandemic. According to statistics shared exclusively with Cointelegraph, Bling’s user statistics are up almost 50% over the month of March. The platform is reaching 70,000 users per day, and over 400,000 active users per month. Bling’s flagship app, Bitcoin […]

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Up 150% Chainlink & Tezos Lead the Crypto Recovery but for How Long?

Tezos and Chainlink each gained more than 150% since Black Thursday outperforming Bitcoin and just about everything else. Any discussion over the current price action in the crypto market is likely to include some reference to Chainlink (LINK) and Tezos (XTZ).  Both have seen some of the most volatile and massive flows of the past twelve months in the cryptomarkets. Since the Black Thursday crash on March 12, Chainlink has seen a surge of 156% and Tezos has rallied by 152%. The question is, will these altcoins […]

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Bitcoin Smart Contract Solution RSK Sees New Stablecoin and Leveraged Token

A startup launched a leveraged token and a decentralized stablecoin on Rootstock, a smart contract solution based on Bitcoin’s blockchain. A startup has launched a leveraged token and a decentralized stablecoin on Rootstock (RIF), a smart contract solution based on Bitcoin (BTC)’s blockchain. According to an announcement shared with Cointelegraph on April 21, Bitcoin-based decentralized finance (DeFi) protocol MoneyOnChain launched the new products on RSK’s sidechain. A DAI competitor on Bitcoin’s blockchain The new DeFi platform, dubbed RIF on Chain will feature RIF Dollar (RDOC), RIFX and […]

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Banks Could Intercept Your COVID-19 Stimulus Checks — Enter Crypto

Losses in the traditional banking system during the global pandemic, while crypto could act much better: Here’s why. Payments of $1,200 from the CARES Act to Americans in need have begun to go out to those who authorized the Internal Revenue Service to make direct deposits into their bank accounts. However, the money may never reach its targets. Intended to help families through the coronavirus crisis, the payments were not exempted from private debt collection, which means banks and other creditors could lawfully intercept the emergency payments. […]

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UK University Develops Blockchain Certificate to Protect Consumers from COVID-19 Risks

British researchers are trialing a new blockchain-based certificate designed to manage COVID-19 risks across supply chains. British researchers are trialing a new blockchain-based certificate designed to manage COVID-19 risks across supply chains. In a statement on April 21, Professor Nassim Belbaly, director of Birmingham City Business School, noted that “coronavirus represents a crisis of trust because we cannot any longer automatically trust goods or suppliers.”  New, secure and automated solutions are therefore being sought to help reassure consumers and suppliers that goods across the value chain do […]

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Federal Reserve Index: The US Is Already in Recession

The Federal Reserve Bank of Chicago’s monthly index has plunged, suggesting that the U.S. has entered a recession. The index is designed to gauge the overall U.S. economic activity and inflationary pressure. It is a weighted average of 85 monthly indicators. Fed Index Suggests the US Already in Recession The Federal Reserve Bank of Chicago released its national activity index on Monday that suggests the U.S. has entered a recession. The Chicago Fed National Activity Index (CFNAI) plunged to –4.19 in March from +0.06 in February. The […]

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Libra Adapts White Paper to Appease US Regulators, Hopes for Changing Tides

Crypto pundits believe that the Libra Association has allayed most of the concerns put forth by regulators by updating its white paper recently. Following an overhaul of Libra’s original white paper that was met with strong skepticism from United States policymakers, a member of the House Financial Services Committee — Democrat Rep. Sylvia Garcia from Texas — has come out and stated that the updated version of Facebook’s white paper does not contain any substantive changes and that the token should still fall under the purview of […]

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AVA Labs Launches Framework for ‘Internet of Blockchains’

The AVA blockchain protocol, founded by Cornell’s Emin Gün Sirer, has launched the “internet of blockchains.â€� A blockchain protocol designed by one of the most prominent blockchain scholars has launched a public testnet. AVA Labs has its roots in Cornell University, where its co-founder Emin Gün Sirer had been teaching for almost two decades. In 2003, he started Karma, the first cryptocurrency to use a Proof-of-Work mechanism.  Internet of value AVA co-founder Kevin Sekniqi told Cointelegraph that the best way to describe the new protocol is the […]

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French Artist Launches Personal Crypto Tied to Value of His Career and Output

Paris-based artist Ben Elliot is launching what he claims to be the first ever personal crypto backed by the market value of his artworks. Paris-based artist Ben Elliot’s efforts to revolutionize the artwork purchasing and collecting experience have resulted in what he claims to be the world’s first personal cryptocurrency directly pegged to a career. The Stellar blockchain-based digital currency is called Ben Elliot Token (BET) and is expected to launch in 2021. The value of the token will rise along with the market value of Elliot’s […]

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‘Cointelegraph Talks’ Online Meetup to Discuss E-Payments and Digital Dollar

Cointelegraph Talks’ first event kicks off at 3:00 PM EST on April 21, featuring topics on e-payments amid coronavirus and the digital dollar. Cointelegraph is launching Cointelegraph Talks, a series of online events featuring top blockchain and cryptocurrency experts and executives. The first Cointelegraph Talks event kicks off at 3:00 PM EST on Tuesday, April 21, featuring major industry figures including Binance.US CEO Catherine Coley and Robert Beadles, president at blockchain company Monarch. The meetup’s live stream will be available on Cointelegraph’s YouTube channel. The event will […]

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