Covid-19

The Dutch central bank claims readiness for the development and trial of a digital Euro. According to the apex bank, it is willing to lead the development of a Europe-wide digital currency. On April 21, the central bank released a 45-page report which stated its readiness to lead the research and development of a digital currency for the Netherlands and Europe. The report also stated that the central bank is interested in becoming a proving ground for central bank digital currencies in…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $196 billion. Bitcoin ends the week where it started it at around $6,800 after surging mid-week to $7,400 Ethereum value surged by a total of 23% in the past seven days. XRP rises to $0.19 and bravely battles to overcome the $0.20 barrier COVID-19 has now spread to 210 countries worldwide and killed over…

Scammers have been trying to leverage the fears over the current pandemic to dupe people. They are trying to lure people to download malicious applications, donate to fake charities, or purport to sell coronavirus fears. However, the pandemic seems to have led to a steep fall in the revenues of cryptocurrency scammers. On April 10, Chainalysis released data showing that the average value of transactions received by the wallets of known scams reduced by 30 percent last month. Besides, the…

The United States Federal Reserve plans to buy unlimited bond and also print dollar but do not appear to be going well. The country continues to experience a rising unemployment rate. Nonetheless, it appears that the cryptocurrency space has a solution to this challenge. Mark Yusko of Morgan Creek Capital spoke on a recent podcast, suggesting that a central bank digital currency (CBDC) may help with the plan of printing dollar bills. Yusko said CBDCs may help with faster distribution in…

A cryptocurrency market crashed has ensured thanks to the coronavirus pandemic. However, crypto experts believe the crash has reduced the risk of a halving price dump and has possibly started a Bitcoin bull run. Chainalysis played host to several industry experts for an online panel discussion a few hours ago. The discussion was concerning the coronavirus effect on Bitcoin and its roadmap. Chris Bendikson of CoinShares sees last month's crash as helpful to miners. It gave them early preparation for…

Online learning platforms have experienced a ballooning of students enrolling for Bitcoin and cryptocurrency-related courses. Administrators attribute this upsurge to the COVID-19 pandemic.  To contain its spread governments have imposed lockdowns and encouraged social isolation. Consequently, many have resorted to online activities, including learning. Surging Enrollment  In the last month, Udemy has registered a fourfold increase in demand for Bitcoin and cryptocurrency-related courses. Similarly, Coursera recorded an uptick in Bitcoin-oriented courses over the same period. A Coursera spokesperson submits that…

New Zealand financial watchdog has cautioned the public over a suspect Bitcoin investment scheme. In its statement issued on April 6, the Financial Markets Authority(FMA) raised a red flag on the "Profit Bitcoin" project. The FMA labeled the venture a get-rich-quick scam. Allegedly, the scheme dupes the public that it offers software having a 99.4% success rate in winning Bitcoin trades. False Narrative According to the FMA, the project's website has telltale signs of a con job. To begin with,…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $191 billion. Bitcoin price finally ends the week in the green. Ethereum value increases by 15% in total more than the previous week. XRP rises to $0.18 and continues its steady ascension Binance has acquired CoinMarketCap, the biggest crypto data aggregator. Most of the top-20 altcoins trade in green throughout the week COVID-19 has…

Recently, the Huobi Group announced its plan to distribute aid in support of Indonesia as it fights against the Covid-19 pandemic. Reports say that Huobi partnered with the Indonesia-China Association of Economic, Social, and Cultural Cooperation (ICAESCC) to offer aid to Indonesia during the pandemic. Additionally, they will be making monetary contributions, donate vital medical supplies, and also use blockchain to aid Indonesia in healthcare delivery. Huobi Charity will contribute about $50 000 worth of Huobi tokens (HT) to ICAESCC…