Experts say the correlation between Bitcoin’s value and its network hash rate is primarily long term, and price surges are not always apparent. Following an enormous drop in Bitcoin’s (BTC) network hash rate back on March 26, the premier currency’s hash rate increased between April 4 and April 6 by at least a whopping 33%, […]
Continue ReadingAs the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system. The COVID-19 pandemic is pushing the global economy toward a major recession, but there may be a silver lining in all this for the crypto industry: The accelerated adoption of […]
Continue ReadingChina’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies. China’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies. In a document published on April 10, […]
Continue ReadingCanaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its […]
Continue ReadingBlockchain technology will be used to ensure the authenticity of Chinese KN95 face masks by leveraging VeChain. As the United States continues to struggle with a shortage of N95 masks needed to combat the deadly coronavirus, the Food and Drug Administration announced on April 3 that it has approved the use of KN95 masks in […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
Continue Reading35 multinational companies have applied for 212 blockchain-related patents in China, including Microsoft and Mastercard. China has been a hotspot for blockchain patents and development. As Cointelegraph previously reported, the National Intellectual Property Administration of China has awarded 2,191 blockchain patents between 2017 to 2019. Major multinational companies have also shown immense interest in filing […]
Continue ReadingBlockchain tech can bring the trust and transparency that are essential during a crisis, especially a global one. The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, […]
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The Chinese Olympic Committee alerts the public that the recent blockchain-enabled fundraising using the “Olympics” name is illegal. The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games. People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using […]
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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 […]
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