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  • How New York City’s Emergency Ventilator Stockpile Ended Up on the Auction Block |

    by Justin Elliott, Annie Waldman and Joshua Kaplan ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. In July 2006, with an aggressive and novel strain of the flu circulating in Asia and the Middle East, New York City Mayor Michael Bloomberg unveiled a sweeping pandemic preparedness plan. Using computer models to calculate how a disease could spread rapidly through the city’s five boroughs, experts concluded New York needed a substantial stockpile of both masks and ventilators. If the city confronted a pandemic on the scale of the 1918 Spanish flu, the experts found, it would face a “projected shortfall of between 2,036 and 9,454 ventilators.” The city’s department of health, working with the state, was to begin purchasing ventilators and to “stockpile a supply of facemasks,” according to the report. Shortly after it was released, Bloomberg held a pandemic planning summit with top federal officials, including Dr. Anthony Fauci, now the face of the national coronavirus response. In the end, the alarming predictions failed to spur…

    Apr 7, 2020
  • Darknet Entrepreneurs Sell Protective Medical Equipment for Bitcoin

    Apr 07, 2020 at 11:57 // News Darknet shops that sell drugs and stolen credentials are now offering N95 respirator masks and anti-malaria medicines. To stay anonymous, these underground entrepreneurs accept bitcoin payments. Some official stores including Amazon have banned selling those masks to the general public, as there is a deficiency of them. That is why some online markets decide to make them available only for medical workers as they are exposed to the highest risk while contacting infected patients. The folks operating in the darknet decided to take advantage of such a situation and offered the general public to buy N95 for around $1,75, though its ordinary price is no higher than $1, Coinnounce news outlet reported. Besides, some of the most quick-witted stores with their owners obviously having a good sense of humour started offering a “Corona LockDown Survival Pack”. This package includes masks, anti-malaria medicines, toilet paper and cannabis. Despite doctors argue that anti-malaria medicine when treating coronavirus is quite questionable, people still rush to buy them after the US President Donald Trump had said they…

    Apr 7, 2020
  • ConsenSys’ Health Division Kicks Off STOP COVID-19 International Ethereum Hackathon – April 13, 2020

    ConsenSys Health is running a global online event called STOP COVID-19 Hackathon from April 13, 2020, to May 11, 2020. The well-known company is seeking to accelerate the launch of operational technology as part of the fight against COVID-19 and has issued a call for hundreds of healthcare and life sciences leaders worldwide to serve as mentors, lending their industry expertise to Web3.0 technologists as they come together to develop solutions.“In the face of the COVID-19 crisis, our goal for this global competition is to bring together healthcare and life sciences domain experts with engineers from three open-source software communities: Ethereum, Hyperledger, and OpenMined. Working together for the first time with a very specific toolset, this interdisciplinary group will rapidly create highly-relevant solutions with the potential to have both immediate- and long-term positive impact,” said Heather Leigh Flannery, Founder and Chief Executive Officer of ConsenSys Health. “The core of our effort is to leverage converging innovations like blockchain, tokenization, zero-knowledge cryptography, and federated machine learning to advance immediate and long-term public health goals while preserving individual privacy.” Co-sponsored by Gitcoin, Hyperledger,…

    Apr 7, 2020
  • Bitcoin Google Searches Fall to Pre-March Levels

    The number of Google searches for Bitcoin has decline close to pre-March levels, suggesting that the interest in the cryptocurrency could be declining despite its safe-haven potential amid the looming crisis.Investors Worried About by Market CrashGoogle Trends data shows that the interest in Bitcoin has gradually declined worldwide to previous levels. Last month, Google searches for the term “Bitcoin” skyrocketed and almost touched a 12-month high on March 13, the day after the stock markets crashed to multi-year lows. The collapse was a result of the coronavirus panic and the aggressive lockdown measures imposed by governments across all continents, including in Europe, Asia, and North America.People were probably searching for a way to preserve their savings, given that many have lost their jobs. In the US alone, the applications for unemployment benefits surged to 6.65 million in the week ending March 28, which is a record high and an unprecedented figure. For example, previous record highs were way below 1 million.However, despite surging interest in Bitcoin, many were probably disappointed to see that the largest cryptocurrency also crashed, losing half…

    Apr 7, 2020
  • Alphabet (GOOGL) Stock Gained 8%, It Is a Bargain Now but Until When?

    Alphabet (GOOGL) stock gained 8.28% on Monday. Today it is 3.12% up in the pre-market. Does its current trading price show the actual value of its? Or is the stock undervalued now?When it comes to Alphabet Inc (NASDAQ: GOOGL) stock, it’s hard to always win or lose. The stock has been pretty volatile in the last few weeks, especially after the global outburst of the coronavirus pandemic.The company’s stock saw significant share price movement during recent months on Nasdaq, rising to highs of $1,525 and falling to as low as $1,054. However, the question investors are asking isn’t when to enter but why. Is the Alphabet (GOOGL) current trading price of $1,183 showing the real value of the large-cap or is it currently undervalued, providing us with the opportunity to buy?Yesterday Alphabet (GOOGL) stock gained 8.28%. Today it is 3.12% up in the pre-market. Its current price is 1220.15 while the market cap is 815.10 billion.Alphabet (GOOGL) Is a Bargain Right NowIf we analyze the complete Alphabet’s outlook and value based on the most recent financial data we could see…

    Apr 7, 2020
  • Global Virtual Earth Day Event Planned for April 22nd EST From The Blockchain for Social Impact Coalition

    The nonprofit organization, Blockchain for Social Impact Coalition (BSIC),  is launching a new event called Virtual Earth Day Event on April 22, 2020. BSIC, who is dedicated to advancing the implementation of blockchain-based initiatives to address social and environmental challenges aligned with the UN’s Sustainable Development Goals will also use the event to announce the winners of its 6-week Decentralized Impact Incubator Program, which focused this year on climate challenges. The Incubator activated a global community of developers, entrepreneurs, humanitarians, and students, and supports them as they build social enterprises using innovative solutions to address some of the world’s most pressing issues.Speaking on the launch, Vanessa Grellet, Executive Director at ConsenSys and President of the BSIC Board, commented: “We made the decision to pivot our Earth Day 2020 event from an in-person event for people in New York City, to one that is 100% digital this year and available worldwide. It is our hope that our reimagined online event will give us the opportunity to enhance awareness of solutions to further the global attainment of science-based emissions targets.”“During the 6…

    Apr 7, 2020
  • Ethereum Price Analysis for April, 7th

    On Tuesday, April 7th, the ETH price is growing confidently, trading at 172.20 USD, says Dmitriy Gurkovskiy, author at RoboForex Blog.The situation on the Ethereum market should still be interpreted as correctional growth after a serious decline. Escaping the consolidation Triangle by a strong impulse upwards, the quotations reached 38.2% Fibo and are aiming at 50.0% (189.45 USD). The ascending MACD lines confirm the bullish trend. The support is at 139.50 USD. Its breakaway will open the way to a low of 89.80 USD.On H1, the ETH/USD quotations have broken the resistance line of the short-term channel of growth, so the local support is now at the level of 166.00 USD. The dynamics of the Stochastic are also noticeable: the indicator is preparing a Black Cross in the overbought area, indicating a potential pullback. Its start will be signaled by a breakaway of 166.00 USD, and its aim will be 151.50 USD. Since March 13th, the ETH has grown by 105%. After a drop in March, a pullback looks like a natural scenario but there is no guarantee that the growth…

    Apr 7, 2020
  • Bitcoin Indicator That Led Price to $3.8K Turns Bullish; Is $10K Next

    Bitcoin could move higher in the medium-term as one of its key technical indicators turns bullish for the first time since February.Dubbed as Golden Cross, the bullish breakout pattern forms when an asset’s short-term moving average closes above its long-term moving average. Bitcoin on Tuesday painted the same pattern on its four-hour timeframe graph, confirmed by its 50-period MA jumping above its 200-period MA. The price, meanwhile, jumped above $7,400.Green Cloud representing the formation of the Golden Cross | Source: Teddy ClepsThe moving averages’ intersections play a major role in the bitcoin market. Traders perceive them as their signals to enter bullish or bearish positions, mostly because of their high historical accuracy in predicting the cryptocurrency’s medium- and long-term trends.Late in February, bitcoin formed a Death Cross – the opposite of Golden Cross, wherein the 50-period MA descents below the 200-period MA. The cryptocurrency was trading near $9,500 at the time of the indicator’s formation. The phenomenon subsequently led the bitcoin prices downwards. As of March 13, the cryptocurrency had fallen to as low as $3,858.But now, with the Golden…

    Apr 7, 2020
  • Bitcoin (BTC) Price Rises above $7,350, Traditional Markets Move North

    Bitcoin (BTC) price has managed to rise above $7,350. Positive tendencies can be observed in traditional markets as well.Bitcoin (BTC) price has crossed the $7,350 mark. Sources say that the world’s first working cryptocurrency crossed this overnight. Traditional financial markets rose as well. The Euro Stoxx 600 index is currently up by 2.79%. The UK’s FTSE is up by 2.93%. The Paris CAC 40 index is up by 3.38%. The Hang Seng is up by 2.06%. The Japanese Nikkei 225 is also up by 2.01%. Positive sentiment is across the board. On the American side, the Dow is up by 7.73%. The S&P 500 is up by 7.03% while the Nasdaq Composite has also gone north by 7.33%.Bitcoin (BTC) Price Rises Despite Bad NewsThese and other positive indices are coming at a time when global economies are giving negative statistics and COVID-19 is on the rampage. The market resilience has indicated a rise of optimism despite the current circumstances. Sources have said that the recent climb sends Bitcoin into buy territory. This also puts Bitcoin price in positive divergence. According to Bitcoin analyst…

    Apr 7, 2020
  • Crypto Miner Bitfarms Cuts Costs and Reduces Staff Due to COVID-19 Crisis

    Publicly-listed Canadian mining and blockchain infrastructure firm Bitfarms is temporarily reducing staff, citing the economic and social toll of the COVID-19 pandemic. In an update published on April 6, the company revealed it had succeeded in maintaining an average daily hashrate of approximately 750 PH since March 19 by optimizing its operations in order to maximize its computing power.This, according to Bitfarms, has meant that the firm has managed “to generate positive cash flow in […] difficult times,” noting the chaos in traditional and cryptocurrency markets. Yet the company also revealed another component to maintaining its viability during the crisis — taking temporary steps to reduce staffing “in line with government guidance.” This, it notes, aims to help combat the spread of the disease, though Bitfarms does not reveal details of its arrangements with those workers being furloughed. The rest of Bitfarms’ update points to measures taken to permanently reduce overhead costs in areas such as administrative expenses, aiming at overall savings of 20–25%. Chief financial officer John Rim said:“Seeking cost efficiencies is consistent with our business model and thesis that efficient miners like…

    Apr 7, 2020
  • Up 3%: Bitcoin Leaves S&P 500 Behind in Year-To-Date Recovery

    Both bitcoin and the U.S. stock markets have witnessed a notable recovery rally over the past couple of weeks, but it’s the cryptocurrency that’s taken the lead.Bitcoin clocked a 3.5-week high of $7,459 early on Tuesday, meaning the cryptocurrency was up 4.2 percent from the yearly opening price of $7,160. Since then, prices have fallen back slightly, putting the year-to-date gain at around 3.2 percent.Meanwhile, the U.S. stock markets are still trading in the red on a YTD basis. The S&P 500, Wall Street’s equity index, has pulled off a strong 21.5 percent rally from lows near $2,190 reached on March 23, but even so it’s still down 17.5 percent for the year.Gold, a classic haven asset, has gained around 2 percent so far since Jan. 1.At press time, bitcoin is changing hands near $7,445 – up around 90 percent from the low of $3,867 observed on March 13, according to CoinDesk’s Bitcoin Price Index.As bitcoin looks to be moving in tandem with the equity markets, what’s behind bitcoin’s outperformance of the S&P 500 on a year-to-date basis? Rally fuelled…

    Apr 7, 2020
  • Bitcoin Trades Above $7300, Is the Next Bull Run Near?

    Apr 07, 2020 at 10:08 // News The world’s number one cryptocurrency, Bitcoin, has resumed its upward trajectory and is expected to trade above $8,000 soon. Bitcoin has now hit and exceeded the $7,000 resistance level. This momentum is one of the signals of a massive rally and a possible bull run. Bitcoin (BTC/USD) is currently changing hands at around $7,368 with a market cap of over $134.92 billion and volume of $47.48 billion. BTC has managed to gain more than 4.77 percent in the past 24 hours and has stayed almost unchanged on a daily basis. BTC is still dominating other tokens by 64.3 percent. Though the prices of Bitcoin are high, its hash rate has been flat for almost the entire March and its network is continuing to function efficiently. A few days ago, about 100k BTC (approx. $633 mln at that time) was transferred at a charge of just $0.26. Other altcoins are also on the rise  It is not just Bitcoin that is gaining momentum, almost all the top 80 cryptocurrencies are trading in green. The…

    Apr 7, 2020
  • Why Crypto Projects are probably your safest financial move. 


    The past few weeks have been a wild ride within international financial markets. Not since the economic crash of 2008, have financial markets seen this much negative movement. Especially, after such an extended period of relative growth and stability. Some charts even position the current drop in global stock markets as surpassing the great crash of 1929. 
A huge number of factors have played their respective hand in this downward market. Although some relative stability has been seen in the last few days, the simple reality is that the upward growth enjoyed since 2016 has been written off in a very short matter of weeks. 
Likewise, the Crypto markets were not immune to this downward movement. This was demonstrated with Bitcoin and most other major currencies hitting their lowest point in a year. The low point of Bitcoin was especially shocking. However, their recovery was much more impressive than other financial markets. 
While this article is not looking for focus in on the specifics of these movements, it is important to begin with discussing them in order to paint the…

    Apr 7, 2020
  • Ethereum Price Jumps 14% to Move above $175

    Altcoins have experienced an increase together with Bitcoin. Ethereum has managed to gain around 14% within 24 hours. Now ETH price is around $175.We have been used to Bitcoin already traditionally leading the crypto market. However, it seems that the most popular altcoin is slowly but surely taking the lead. Ethereum price is rising by exquisite pace since Monday’s candle open at $142, the second-largest digital asset has rocketed 13.85% higher, reaching $175.13 just minutes ago as of the time of this article’s writing.This is the highest price ETH has traded at since March’s capitulation event, and 88% higher than the $90 price that was that day.This tremendous jump has liquidated more than $1.6 million worth of short positions on BitMEX including thousands of dollars more of liquidations being reported each and every minute. Do not forget, even though $1.6 million doesn’t sound like a number that big, it represents a huge slice of the whole ETH market that is, traditionally, much less liquid than it is the case with Bitcoin.What Boosted Ethereum Price Rise?However, everybody’s wondering – what happened…

    Apr 7, 2020
  • Selling Bitcoin Now for ‘Fiat Debt-Coupons’ Is a Crime

    Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself.That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7. Dixon: “World’s largest regulated Ponzi scheme” is dyingDiscussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst.“I don’t want to be dramatic, but this is a global reset in the financial system,” he told host Max Keiser.Coming after, he said, was a massive “scrambling” for power by governments and central banks. Taxpayers and those forced to rely on fiat money will pay the price.Dixon continued:“I think we’re going to see a real attack from central banks on traditional banks as we inevitably experience the ginormous consequences of essentially the world’s largest regulated Ponzi scheme.”After coronavirus: “A horrible, worse version of fiat currency”The theory argues that central lending institutions will allow banks to die…

    Apr 7, 2020
  • ‘Ship-to-Ship’ Trade and Other Secrets of North Korea’s Illicit $1.5B Crypto Stash

    Experts looking at how North Korea continues to import and export goods despite numerous sanctions agree the country’s $1.5 billion cryptocurrency war chest is used to fund an illicit web of trade networks and supply chains.Blockchain analytics company Chainalysis said it is “comfortable” with the $1.5 billion figure stated in a recent webinar (a significant increase on various estimates made last year, ranging from about $200 million to $500 million for the amount of crypto amassed by the Hermit Kingdom). Jesse Spiro, global head of policy and regulatory affairs for Chainalysis, told CoinDesk it’s logical to assume North Korea’s ill-gotten crypto is being moved in trade-based money-laundering networks. “When it comes to trade-based money laundering, the issue, especially for sanctioned actors, is cross-border money movements,” said Spiro. “When you talk about how North Korea could actually execute this in relation to finances, I certainly believe crypto is used to facilitate it.”Priscilla Moriuchi, head of nation-state research at Recorded Future and a non-resident fellow at Harvard’s Kennedy School of Government, pointed to recent examples of the Democratic People’s Republic of Korea (DPRK) moving…

    Apr 7, 2020

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