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  • Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in Venezuela

    Venezuela’s President Nicolas Maduro has announced that he is airdropping cryptocurrency to every doctor in his country as a token of appreciation for their work to combat the coronavirus outbreak. The national cryptocurrency, the petro, will be distributed via the Homeland card (Carnet de la Patria).Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars NeededPetro Airdrop to All Venezuelan DoctorsThe president of Venezuela, Nicolas Maduro, is airdropping the country’s cryptocurrency, the petro (PTR), to all doctors in Venezuela as a special bonus for their work to combat the coronavirus pandemic. The Twitter account for the Homeland card (Carnet de la Patria) announced on Wednesday:Thanks to President Nicolas Maduro, the delivery of the special bonus for all doctors of the country has begun in the amount of 1 petro through the Carnet de la Patria. Venezuela’s President Nicolas Maduro has ordered an airdrop of one petro, the Venezuelan national cryptocurrency, to all doctors working to combat the covid-19 pandemic. Carnet de la Patria is the Venezuelan identity document that includes a unique personalized QR code; it was…

    Apr 4, 2020
  • Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

    Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.Cryptocurrency market daily overview. Source: Coin360Vays: I’ll buy BTC at $6,400Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800. Bitcoin 1-day price chart. Source: Coin360Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish traders seeking a swift breakout being left disappointed.For Tone Vays, however, the next fourteen days should see a bullish reversal for the weekly chart, which may also coincide with a daily chart breakout. The later in April that this happens, he argued, the better.“I would love for this (ascending) triangle to get drawn out into as late April as humanly possible, while getting everyone frustrated that the breakout will never come — and then it comes,” he said in the latest episode of his Trading Bitcoin YouTube series.“I will…

    Apr 4, 2020
  • Despite Recent Price Drop XRP Continues To Increase its Liquidity in Certain Markets

    The whole cryptocurrency market has experienced a price decrease in recent weeks due to the Coronavirus crisis and the expansion of the virus. XRP was one of the virtual currencies that was hit the most reaching the lowest price in several years. Despite that, the liquidity for the Bitso exchange and the XRP/MXN trading pair has reached a new all-time high. Bitso Liquidity Continues Growing for XRPRipple has been expanding all over the world in order to offer its clients, banks and financial institutions the possibility to perform cross border transactions with the XRP virtual currency in a fast and easy way.The XRP corridors are backed by exchanges that provide liquidity to specific fiat currencies. In this case, one of the most used exchanges to perform cross border payments using the XRP digital asset is the Bitso exchange with XRP/MXN trading pair, making reference to the Mexican peso. The liquidity index provided by the Liquidity Index Bot shows that the liquidity reached an all-time high on April 4, 2020. According to it, liquidity has reached 22,484,136 million XRP. This is equal to…

    Apr 4, 2020
  • South African National Blockchain Alliance Holds Online Launch

    The South African National Blockchain Alliance carried out an online livestream launch while the country is in the midst of a 21-day lockdown to curb the spread of the coronavirus pandemic. The organization was due to be launched at the beginning of April in Johannesburg but had to be taken online as South Africa and the world tackles a global health crisis.The launch happened during a livestream on YouTube on April 3, which included a panel of speakers elaborating on how SANBA will help nurture blockchain-focused startups and companies that are developing capabilities using the technology.Bringing parties togetherSANBA has been set up by the Council for Scientific and Industrial Research and its subsidiary, the Office for Digital Advantage. These bodies fall under the jurisdiction of the Department of Science and Innovation.Akhona Damane heads up the project and said that SANBA intends to be the central cog in a network of partnerships between South Africa’s government, industry-leading companies, startups and civil society. An important consideration for SANBA is the development of blockchain-based systems and solutions coming from inside South Africa, as…

    Apr 4, 2020
  • How coronavirus threatens the seasonal farmworkers at the heart of the American food supply |

    A farmworker picks lemons at an orchard in Mesa, California. Brent Stirton/Getty Images Many Americans may find bare grocery store shelves the most worrying sign of the impact of the COVID-19 pandemic on their food system.But, for the most part, shortages of shelf-stable items like pasta, canned beans and peanut butter are temporary because the U.S. continues to produce enough food to meet demand – even if it sometimes takes a day or two to catch up.To keep up that pace, the food system depends on several million seasonal agricultural workers, many of whom are undocumented immigrants from Mexico and other countries. These laborers pick grapes in California, tend dairy cows in Wisconsin and rake blueberries in Maine.As a sociologist who studies agricultural issues, including farm labor, I believe that these workers face particular risks during the current pandemic that, if unaddressed, threaten keeping those grocery store shelves well stocked.Essential laborIt is difficult to accurately count the number of hired agricultural laborers in the United States, but official sources place the number at1 million to 2.7 million people, depending on…

    Apr 4, 2020
  • Crypto Custody Firm Lists XRP for Institutional Clients

    Qualified digital asset custodian, Anchorage Trust Company, has added XRP to the list of assets supported by its institutional custody solution. The company announced support for the third largest cryptocurrency by market cap in a blog post on April 2.Anchorage claims that its custodial solution is safer than cold storage, while allowing the benefits of asset usability, offering features such as staking, airdrops, and even trading from custody.Xpring resources provide reliable solutionAccording to Diogo Mónica, Anchorage co-founder and President, XRP support relies on resources including those developed and maintained by Ripple’s developer platform, Xpring. This most notably includes the rippled open-source server, which powers the XRP Ledger.The custodial solution for XRP is available to institutional investors today, with plans to add additional services in the future. The project noted:“The flexibility of the Anchorage platform will allow us to support more advanced XRP functionality like Payment Channels should customer demand require it.”Respectability through associationAnchorage was one of the original members of the Libra Association, and as Cointelegraph reported, like many Libra backers, has also joined forces with rival stablecoin, Celo, as…

    Apr 4, 2020
  • Last Time This Signal Flashed, Crypto Rallied By 50%. It’s Back Again

    Bitcoin and the rest of the crypto market have performed surprisingly well over the past few days. This week, the leading cryptocurrency hit $7,200, which marks a nearly 100% bottom from the ~$3,800 bottom that was put in place on March 13th. Even though the rally has cooled off, BTC trades at $6,800, which is just a smidgen below the levels seen pre-crash.Although impressive, especially considering that this recovery took a mere three weeks, a key indicator suggests that there’s more upside for this nascent market.Crypto Could Continue to Creep Higher, Key Indicator SuggestsAccording to a Bloomberg report published April 3rd, Bitcoin recently pushed above a key technical resistance, allowing the DVAN Buying and Selling Pressure Gauge to print a “positive divergence and a buy signal.”To add to this, Bloomberg noted earlier this week that the “GTI Vera Convergence Divergence Indicator, which measures up and down shifts,” suggests the Bloomberg Galaxy Crypto Index — comprised of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and EOS — “flashed its first buy signal in over three months.”Both indicators flashing buy signals preceded the…

    Apr 4, 2020
  • Malaysian Securities Regulator Approves Crypto Trading Platform

    Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog.With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings.Malaysian laws require that local cryptocurrency exchanges register with the SC, after which they have up to nine month to achieve compliance with the SC’s regulation standards.Commenting on the development, Hong Qi Yu, CEO and CTO at Tokenize Malaysia, said:“We are now able to go ‘live’ in Malaysia and it is perfect timing –- as we have received many interested enquiries from individuals aged 24 to 50 years old who are keen to invest in digital assets.”The SC registered the firm — along with Luno Malaysia and Sinegy Technologies — last June. At the time, Luno stated that the aforementioned three exchanges were the only registered digital asset exchanges to operate in Malaysia.The SC introduced the Capital Markets and Services (Prescription…

    Apr 4, 2020
  • How high will unemployment go? During the Great Depression, 1 in 4 Americans were out of work |

    Unemployed people wait outside a government office in NYC in 1933. AP PhotoCC BY-ND The U.S. unemployment rate climbed from a half-century low of 3.5% to 4.4% in March – and is expected to go a lot higher.But could the rate, as some predict, surpass the 25% joblessness the U.S. experienced at the peak of the Great Depression?As a macroeconomist who has tracked the labor force for decades, I’ve been wondering about this myself.There are actually two figures the Bureau of Labor Statistics uses to estimate employment levels in the U.S.One is the unemployment rate, which comes from the Current Population Survey. The U.S. Census Bureau contacts about 60,000 randomly selected households every month to get an estimate of this rate.The other is an estimate of how many nonfarm jobs were lost or created in the month. The Bureau of Labor Statistics creates these figures by asking more than 140,000 private businesses, nonprofits and various state and local governments how many people were on their payroll at any time during the week containing the 12th of the month.The latest data…

    Apr 4, 2020
  • The Bitcoin Cash Halving Countdown – 50% Less Block Reward in 4 Days

    The Bitcoin Cash (BCH) network will face a halving in four days and many BCH proponents are getting ready for the big day. Unfortunately, the covid-19 outbreak has overshadowed the halving and BCH has dropped in value by roughly 30% since the end of February.Also Read: Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target ReferenceBitcoin Cash Will Experience a Halving in 4 Days – Block Rewards to Drop by 50%BCH supporters are getting ready for the big halving day, at least the best they can since most of the world has been stuck at home due to the coronavirus. So far, roughly 87.4% of the 21 million BCH available are in circulation and there’s around 18,366,500 BCH at the time of publication. Every four years, the BCH network sees a reward halving as the system’s rules are meant to make the issuance rate harder.The Bitcoin Cash halving will take place in four days on or around Passover, April 8. Typically, there’s about 1,800 BCH mined per day, which gives the chain an inflation rate of 3.6%….

    Apr 4, 2020
  • EU Highlights Blockchain Benefits in Digitization Write-Up

    The European Union, or EU, mentioned blockchain technology as part of social services digitization efforts to keep Europe up to speed with the changing times. “As in the case of the services sector, the use of blockchain technology is in an early phase of adoption in health and social care, where it has been used to pay benefits in cash and to monitor pension contributions,” the European Foundation for the Improvement of Living and Working Conditions, or Eurofound, an EU agency, said in a 2020 report. The EU agency sees blockchain benefits and use casesHighlighting the technology’s benefits, the report noted blockchain enables security, absent third-party reliance. “Other possible benefits from this technology for the public sector are more tailored services for citizens and greater transparency and trust in governments,” the write-up noted. “Identification via blockchain can be used to allocate funding and benefits in cash in a more time- and cost-efficient manner.”The report also highlighted other blockchain usages, including those relating to pensions and payments. Additionally, Eurofound pointed toward blockchain’s importance, even given the technology’s youth. “Even though blockchain is still in the…

    Apr 4, 2020
  • The Dow Is Plummeting & the IMF Warns This Is ‘Humanity’s Darkest Hour’

    The Dow Jones careened lower on Friday as the stock market recoiled from a horrific jobs report.Nordea warns the government’s Paycheck Protection Program won’t stop April’s unemployment report from getting even worse.IMF Managing Director Kristalina Georgieva said the coronavirus pandemic is “humanity’s darkest hour.”A horrendous U.S. jobs report pummeled the Dow Jones Industrial Average (DJIA) on Friday, and stock market sentiment soured after the International Monetary Fund warned that the coronavirus pandemic is “humanity’s darkest hour.”Unemployment is quickly spiraling higher, and problems with the government’s Paycheck Protection Program are only making the situation worse – creating new headaches for Dow bulls.Dow Falls as Coronavirus Ravages U.S. Labor Market The Dow Jones turned lower on Friday as the IMF’s managing director spread more doom and gloom about the global economy. | Source: Yahoo Finance There was a remarkable symmetry in the sell-off among the three most prominent U.S. stock market indices:The Dow fell 394.39 points or 1.84% to 21,019.05.The S&P 500 dropped 1.98% to 2,476.80.The Nasdaq slid 2.05% to 7,333.89.Volatility continued to rule the commodity sector, and reports of an emergency…

    Apr 4, 2020
  • BIS: Coronavirus Pandemic Could Speed Movement Toward Digital Payments, CBDCs

       The current coronavirus pandemic has the potential to hasten the move toward digital payment options like central bank-issued digital currencies, according to the Bank of International Settlements. In a recent bulletin, the bank noted that there’s increasing public concern about physical cash’s potential for transmitting the virus, despite central banks’ active efforts to dispel those worries.BIS reported an increase in media questions about the safety of physical cash and observed that internet queries for search words like “virus” and “cash” have surged in the last several months. Moreover, that increase in searches has come in areas where cash is often used for small, daily purchases, like Australia, France, Canada, the UK, and the United States.The bank acknowledged research that shows some viruses can survive on banknotes for days at a time but noted that scientists agree that the risk of banknote transmission is low. More importantly, there are apparently no confirmed instances of such transmission for this coronavirus.Still, the BIS believes that these fears are likely to motivate consumers to choose other forms of payment. Because debit cards and other…

    Apr 4, 2020
  • Chainalysis Research Confirms Bitcoin Usage Suffers From the Coronavirus » The Merkle News

    During a global pandemic such as the coronavirus, some people expect the use of Bitcoin to increase globally. So far, that has not been too apparent, albeit it seems that the way Bitcoin is used is undergoing some changes.Bitcoin has not been at the forefront of too many discussions lately.Bitcoin Isn’t Doing TerribleMost people expected the world’s leading cryptocurrency to come out on top when the stock markets crumbled.That was far from the case, as Bitcoin still struggles to break $7,000 in a convincing manner.New research by Chainalysis seems to confirm how people are using differently during the coronavirus crisis.Not only is the darknet usage of BTC on the decline, it seems this dip affects other aspects as well.Merchant transactions involving Bitcoin are dropping, which is only normal.People are less eager to spend Bitcoin when there’s ample volatility and a chance for a price rebound.Gambling with Bitcoin isn’t doing too hot either, but that is not necessarily something to be concerned about.Gambling will always see its highs and lows, regardless of what goes on in the world.The big question now…

    Apr 4, 2020
  • Meghan Markle’s Disney+ Doc Is Out – the Elephants Deserved Better

    Disney+ just released their ‘Elephant’ documentary.Meghan Markle narrated the program, and it feels less like entertainment, more like punishment.Disney+ executives should be ashamed of themselves for allowing this to happen.There’s an old saying, “elephants never forget.” Our giant friends have an excellent memory that’s key to their survival. One thing they won’t soon forget is Disney’s decision to let rookie Meghan Markle ruin their documentary.The new Disney+ documentary “Elephant” came out today, narrated by Meghan Markle. If you were excited about this program, you might want to watch it on mute.Did Meghan Markle Even Enjoy This Narration?If you’ve ever wanted to hear a sorority girl tell you about nature, then you’ve found the right documentary. Meghan Markle sounds like she was just at brunch with the gals when someone handed her a script and pushed record. Her sing-songy delivery grates on the ears within the first few minutes.It’s like Meghan discovered two voice tones that she feels comfortable with: a playful high-pitch and a serious low-pitch, and she swings back and forth between them for the entire movie. I’m not…

    Apr 4, 2020
  • These 2 Top Analysts Expect Ripple’s XRP To Embark On Strong Rally

    Over the past few weeks, Bitcoin, not Ethereum or XRP, has been the focus of many crypto traders. But, two top analysts believe that the third-largest cryptocurrency, XRP, could soon gain strength against the market leader, citing simple technical factors that suggest upside is imminent.XRP To Outpace Bitcoin?On March 31st, Luke Martin, a prominent crypto trader featured on CNN, recently posted the below chart, showing that he expects for XRP to appreciate strongly against Bitcoin in the coming weeks.While his comment attached to the chart was nebulous, his chart showed XRP rebounding strongly off the lower level of a long-term range against BTC, boding well for the bullish narrative.I don’t know how, and I don’t know why, but this is what I expect for $XRPBTC pic.twitter.com/6hkUj0aGq8— Luke Martin (@VentureCoinist) March 31, 2020Michael Van De Poppe, a trader at the Amsterdam Stock Exchange and contributor to CoinTelegraph, echoed this sentiment in a recent analysis, posting the below chart that shows XRP/BTC has held a key level of support as Martin indicated.Per previous reports from NewsBTC, Van De Poppe suggested that the…

    Apr 4, 2020

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