Tech

Bithumb Global is celebrating their 1st anniversary with a series of events named "BG Fortune Bags for 1st Anniversary". The events will be divided into three stages, starting May 1, 2020, 00:00 through May 10, 2020, 23:59 (UTC+8). Each Fortune Bag contains: 3USDT+2USDT equivalent of the high quality project tokens. Event 1: 1000 Fortune Bags for Deposit Event Rules: Users who register before 00:00 on May 1 and have never deposit on Bithumb Global within 60 days can get 1…

A bill to fight coronavirus has been introduced by the United States Congressman Stephen Lynch of Massachusetts. It is towards the establishment of a blockchain network that is able to oversee the distribution of personal protection equipment (PPE), ventilators as well as other essential medical equipment during the ongoing pandemic. The National Emergency Biodefense Network was established for the regulation of the supply of drugs, vaccines, medical devices, as well as other supplies. The bill called the “Strategic National Stockpile [SNS] Enhancement and…

Black Manta Capital Partners which manages German security token offering (STO) platform is now into partnership with Finoa (a local digital asset custody company). This is towards the development of an institutional security token custody. The partnership was announced on May 4 and it was noted that it is towards the development of a regulated security token custody solution clearly focused on institutional investors, high net worth persons and corporations. Last month, an announcement stated the tokenization of $12 million worth…

On April 29, Block.one (the firm in charge of EOS cryptocurrency) issued a $50,000 grant towards the facilitation of anonymous access to coronavirus testing. The company issued the grant to Genobank for its open-source app. The firm issued the grant in collaboration with EOS VC (Block.one’s venture arm), and FinLab EOS VC. A few weeks ago, Genobank noted the development of its app known as Agerona together with the Eos-based blockchain platform, Telos. Agerona helps with anonymous connection of users with test…

Bitcoin’s price incurred an upsurge above $9.5k yesterday while the U.S. Fed. Reserve left benchmark lending rates close to zero and talked about the provision of another stimulus. Bitcoin rose by more than 4.98 percent yesterday thereby attaining $9,233, following the warning by the U.S. Federal Reserve regarding a medium-term economic disaster prompted by the current COVID-19 pandemic. The price of Bitcoin has been on the upside by over 30 percent in the past seven days as halving is imminent.…

CipherTrace has released a new product known as Armada today. The purpose of the product is to assist banks in uncovering the risks known with cryptocurrency exchanges. Every year, without knowing, banks in the U.S. process up to $2 billion in cryptocurrency funds. However, 80 percent of the banks process them for illicit money services businesses. The Silicon Valley-based blockchain analysis company noted that Armada will help banks in dealing with this issue and remain compliant with anti-money laundering laws. The product…

Facebook’s Libra is still facing barriers as it is trying to come up with a new international payment system and financial infrastructure. Recently, Binance Research released a report which noted that the cryptocurrency project may turn things around in the payments industry similar to the transformation within the space travel industry by SpaceX. Last year, Facebook said it was planning to launch Libra, a digital currency to be managed by the Libra Association, a Swiss-based consortium of independent members. The…

There has been a considerable growth in investors’ interest for Ethereum. With such growth it means investors are willing to pay a high price towards the diversification of their portfolio. This helps them in utilizing an investment vehicle that meets regulatory requirements, neutralizing part of the risks that come with more traditional means of investing in cryptocurrencies. The asset management company known as Grayscale Investments has claimed the purchase of about 50% of all of the Ethereum mined this year. Grayscale…

XRP has been weak in the short-term and based on the words of analysts, it could incur a remarkable upside move in the coming days, which may lead to the immediate key barrier close to $0.22. At press time, the performance of XRP was nominal at a price of $0.196. Over the past week, XRP revealed some signs of strength, moving from $0.18 low to its highs established a few hours ago. Bitcoin has performed better as it moved from weekly lows…