CryptoDaily

ANU fellow Scott Chamberlain believes blockchain technology can help ordinary people avoid the “middlemen and gatekeepers” of the legal profession from Cointelegraph.com News https://ift.tt/346UoL1 via IFTTT

Stringent rules for crypto in Japan will benefit new players in the end according to a new report from Cointelegraph.com News https://ift.tt/39A3LUK via IFTTT

Ethereum and Blockstream’s leaders weighed into a debate sparked by economist Jeffrey Tucker, who claimed the BTC price is lower than it should be due to issues with scaling from Cointelegraph.com News https://ift.tt/2xAnSF4 via IFTTT

Proof of Stake Vs. Proof of Work is one of crypto’s longest running debates. We take an in-depth look at the advantages and disadvantages of both, with this first part focusing on economic inequality from Cointelegraph.com News https://ift.tt/3bBU1dO via IFTTT

Meld Gold hopes to create a more efficient marketplace for gold trading using blockchain technology from Cointelegraph.com News https://ift.tt/3bFW80f via IFTTT

The unexpected COVID-19 outbreak is delaying the adoption of Russia’s legislation “On Digital Financial Assets,” according to a government official. However, he outlined that the law is completed. It will define cryptocurrency usage in the country, but it will also ban them from being used as a means of payment. Russia Postponing Crypto Law (Again) Russia’s law regarding digital usage in the country has been discussed since early 2018, according to Anatoly Aksakov, head of the Duma committee on the financial markets. Since then, however, internal disputes prevented its adoption a few times. Now, a local report indicated that it was postponed again, but this time the reason is the novel coronavirus. The COVID-19 outbreak, which has caused over 40,000 death cases around the world, is hampering the adoption of all legislative processes in Russia. Aksakov warned that the document “On Digital Financial Assets” might be delayed “probably until the end of spring.” Despite the postponeme...

The upcoming Bitcoin halving, miners’ capitulation and the coronavirus pandemic have all simultaneously affected the network’s hash rate. How long can it last, and what should we expect? from Cointelegraph.com News https://ift.tt/2UvG8rU via IFTTT

Bitcoin (BTC) and the general cryptocurrency markets are yet to fully recover from the massive sell-off on March 12, which left traders and hodlers scratching their heads as they watch the entire gains so far in 2020 being wiped off the board.   Data gathered at that time suggested that the majority of sellers who rushed to sell their coins due to panic did so at a loss. The report further revealed that hodlers who had kept their BTC holdings in personal wallets started un-hodling by moving their assets to popular exchange for trades. During that period, there was a significant spike in the number of transactions as daily transfers within the network went as high as 368,000.  BTC Transfer Hits 15-Months Low With almost three weeks gone since the sell-off, daily on-chain transactions on the Bitcoin Network have declined to lows not seen since late 2018, according to data on Bitinfocharts.  The trend started recently, and it shows that Bitcoin transfers have dipp...

After facing multiple delays, Russia’s lawmakers again postpone pending major cryptocurrency law, now due to the coronavirus from Cointelegraph.com News https://ift.tt/2QXDKYS via IFTTT

GlobalX connects global crypto exchanges for institutional investors. Is this a crypto broker? from Cointelegraph.com News https://ift.tt/2QZb4i5 via IFTTT

Bitcoin will take miner resources away from Bitcoin Cash and Bitcoin SV next month, but the picture is far from rosy, warns Coin Metrics from Cointelegraph.com News https://ift.tt/2Jv7iJb via IFTTT

Blockchain development firm Bitfury is diverting its computational resources to a distributed computing research effort to combat COVID-19 from Cointelegraph.com News https://ift.tt/39B1kkx via IFTTT

The IRS has already changed some important payment deadlines and started crucial initiatives to help taxpayers. Will it help to win the fight against COVID-19? from Cointelegraph.com News https://ift.tt/39wq4dN via IFTTT

The virtual world of Decentraland plays host to the Coinfest Conference this week, which was forced to relocate due to the COVID-19 lockdown from Cointelegraph.com News https://ift.tt/2ynkZI0 via IFTTT

After recovering from $1.45, XTZ bulls are now pushing back at crucial resistance of $1.80 While consolidating, Tezos is waiting for a huge price movement across its trading pairs Against Bitcoin, XTZ keep trading around 25000 SAT support as it looks for a strong rebound level XTZ/USD: Tezos Struggles In A Tight Range Key Resistance Levels : $1.80, $2, $2.5 Key Support Levels : $1.45, $1.25, $0.845 XTZ/USD. Source: TradingView Since our previous price analysis, the price of Tezos has been trading in a tight price range ($1.25 – $1.8), now holding as solid support and resistance for the past two weeks. Interestingly, Tezos has managed to establish minor support around $1.45 for the past ten days to indicate that buyers are showing in the market. However, the bulls are still facing stiff resistance around $1.8, which is marked orange on the daily chart. At the time of writing, XTZ, the 10th best-performing coin, is up by 0.2% and trading at $1.59 against the US Dollar. Howev...

BC Group revealed that its OSL digital assets trading platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018 from Cointelegraph.com News https://ift.tt/3aIocQR via IFTTT

Major car manufacturer BMW Group is moving forward with a blockchain solution for managing complex supply chains from Cointelegraph.com News https://ift.tt/2wPoSVH via IFTTT

The SEC describes Telegram’s request as “legally meritless,” arguing that the ruling unambiguously applies to “any person or entity” from Cointelegraph.com News https://ift.tt/3bDi5Nv via IFTTT

Ethereum saw a 1.6% price increase over the last 24-hours as it currently trades around $133. The cryptocurrency had fallen beneath an acute ascending triangle but managed to find support at the lower boundary of a new triangle this weekend. Against Bitcoin, Ethereum suffers as it drops back beneath 0.021 BTC. Remaining above 0.201 BTC will be crucial moving forward. Key Support & Resistance Levels ETH/USD: Support: $130, $123, $120. Resistance: $135, $140, $150. ETH/BTC: Support: 0.0201 BTC, 0.0196 BTC, 0.0192 BTC. Resistance: 0.021 BTC, 0.0215 BTC, 0.022 BTC. ETH/USD: Ethereum Forms A Long Term Triangle Ethereum had broken from a short term triangle this weekend but managed to rebound from support at a slightly longer termed triangle as it extends the consolidation phase. The cryptocurrency dropped as low as $125 but rebounded from the trend line to climb back above $130 yesterday. It now faces strong resistance at the upper boundary and still must break this to hea...

Voatz’s bug bounty program has been booted from HackerOne, ostensibly because Voatz reported a researcher to the FBI from Cointelegraph.com News https://ift.tt/39xr3KX via IFTTT

Bitcoin gears up for what is traditionally its most lucrative quarter as coronavirus losses almost reach single figures from Cointelegraph.com News https://ift.tt/345eiWU via IFTTT

After years of purchasing significant quantities of gold, the Central Bank of Russia will seize buying more as of April 1st. The country announced it yesterday without explaining the move. Local analysts, however, claimed that the nation already has a lot of gold stashed in reserves and might start selling to international investors because of the high demand. Russia Stops Buying Gold The precious metal is often regarded as the preferable safe-haven investment instrument by many. Individual or institutional investors, businesses, and even central banks and governments choose to rely on it. Russia, for example, has been especially eager to buy substantial quantities in the past five years to increase its bullion. A recent Bloomberg report informed that after building a considerable amount worth over $120B, the world’s largest country by landmass will halt purchasing more from April 1st. Russia’s Gold Purchases. Source: bloomberg.com The bank didn’t provide a valid explanation o...

Civic Wallet offers “FDIC-like insurance” for crypto for up to $1M, underwritten by Lloyds of London from Cointelegraph.com News https://ift.tt/2WVghve via IFTTT

Coinbase saw a six-fold increase in Bitcoin volume during the March 12 crypto market meltdown as most traders moved in to buy the dip from Cointelegraph.com News https://ift.tt/3dGUvRV via IFTTT

Following their acquisition of BxB, crypto exchange Binance announced they would launch a new crypto-to-crypto exchange for South Korea. from Cointelegraph.com News https://ift.tt/2JnWzAt via IFTTT

Traders expect Bitcoin price to struggle in flipping $6,600 from resistance to support but a more meaningful milestone awaits at $6,900 from Cointelegraph.com News https://ift.tt/3bHUgEt via IFTTT

The deadline for the plan to honor rehabilitation claims by now-defunct crypto exchange Mt. Gox was pushed to July 1 from Cointelegraph.com News https://ift.tt/2WTvXiv via IFTTT

Kleiman’s legal team is trying every possible way to serve Jimmy Nguyen a subpoena for a deposition in the case against Craig Wright from Cointelegraph.com News https://ift.tt/2ylU5jL via IFTTT

Opera has integrated Unstoppable Domain’s .crypto domain extension, enabling its users to access decentralized web pages from Cointelegraph.com News https://ift.tt/2JqNSVS via IFTTT

Celsius Network will begin using Chainlink’s price data feed oracles while offering treasury management services to the oracle platform from Cointelegraph.com News https://ift.tt/3axszxK via IFTTT

Despite the pressures already placed on healthcare organizations by COVID-19, ransomware operators continue to target hospitals from Cointelegraph.com News https://ift.tt/2UQshf3 via IFTTT

BlockTv, an Israeli-based blockchain and cryptocurrency video content media, has reduced its workforce by almost 80%. The company reportedly ended its contract with all but 5 of its employees as a result of the ongoing Coronavirus pandemic.  BlockTv Layoff 18 Employees Owned by controversial Israeli businessman Moshe Hogeg, BlockTv has been providing crypto-related video content since it was founded in 2018. The company was seemingly performing well with 23 staffers until the recent Covid-19 outbreak that is affecting all economic sectors across the world.  Reports from local media revealed that the company laid off 18 employees from its workforce and terminated its contract with freelance workers. This unfortunate development now leaves the outlet with a limited team of just the CEO, producer, director, commercial director, and a reporter.   According to the local report, BlockTV said the move is a result of the effect of the Coronavirus epidemic, which has af...

XRP saw a 6% increase today as it climbs back above $0.171. The cryptocurrency recently dropped lower but managed to rebound at support provided by a rising trend line. Against Bitcoin, XRP met resistance at 2800 SAT again and has dropped int 2750 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.171, $0.16, $0.156. Resistance: $0.182, $0.191, $0.2. XRP/BTC: Support: 2750 SAT, $2710 SAT, 2650 SAT. Resistance: 2800 SAT, 2850 SAT, 2900 SAT. XRP/USD: Ripple Rise Stalled By Bearish .618 Fib Retracement. Since our last analysis, XRP continued to drop after reversing at the $0.191 (bearish .618 Fib Retracement) resistance. It found support at the previous rising trend line at around $0.16, which allowed XRP to rebound higher to break above $0.171. The coin must now break resistance at $0.191 again for it to be able to climb above $0.2 next. However, this latest price increase is largely due to Bitcoin going above $6,200 this morning. XRP/USD. Source: TradingView ...

The offering saw Solana raise $1.76 million from 8 million tokens that were sold via Dutch auction for between $0.23 and $0.25 from Cointelegraph.com News https://ift.tt/2vZ8guh via IFTTT

The low is in for Bitcoin after $3,700 crash, Tone Vays has said as he dispels fears of lower lows from Cointelegraph.com News https://ift.tt/342P63i via IFTTT

Major Chinese courier service SF Express is turning to blockchain to bolster its logistics resilience during the COVID-19 outbreak from Cointelegraph.com News https://ift.tt/2WUEJNe via IFTTT

[PRESS RELEASE – PLEASE READ DISCLAIMER BELOW] The numbers keep rising. In the 3 months since it was first detected, the novel coronavirus (COVID-19) has infected upwards of 725,000 people all around the world, claiming over 34,000 lives, and counting. Amidst this global pandemic, healthcare workers are selflessly working around the clock to treat the infected and to contain and prevent the spread of COVID-19. They are our first line of defense in the battle against the virus. However, this fight is slowly and steadily turning into a “war with no ammo”. A Critical Shortage of Equipment Doctors, nurses, and medical workers are reporting a lack of protective gear, including proper masks, medical gowns, and eye gear that serve to protect them from contracting the infection and in turn, spreading it to their families and others. The situation is dire: hundreds of healthcare workers have been forced into quarantine in the US as the virus gains in strength every single day. Nearly 10%...

The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need. Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity as an alternative to the constant increase of fiat money in circulation. U.S. Measures Harm The Dollar The novel coronavirus appeared to have been the catalyst for major health but also a financial crisis. Aside from its deadly effect on people’s health, it’s also damaging the global economy. Businesses closed, citizens are under lockdown, and the stock markets tumble. Wall Street, the leading financial market, suffered record-breaking losses . Naturally, the Federal Reserve had to interfere. It started by cutting interest rates to historic lows and made sure commercial banks continue lending to companies, cities, and st...