Covid-19

Ethereum mining pools have removed thousands of mining platforms from the networks, reports from  March 20, 2020 indicate. The move aims at providing computational power to a coronavirus research project. Leading the initiative is CoreWeave, a U.S based miner operating on the ETH blockchain. The firm said that it would redirect its GPU computing power to Stanford University’s Folding@home. The project was launched on February 27, 2020, to advance research on the deadly Coronavirus. In a blog post, Folding@home  explained:…

Crypto stablecoins present an efficient and easy way of managing crypto volatility. Volatility in the crypto market is often regarded as the boon and bane of crypto trading. While on the one hand, it allows traders to accumulate substantial profits, it can cause significant losses to crypto traders or even lead to missing a perfect opportunity to trade. Stablecoins function to cushion investors from intense volatility witnessed in the crypto market by providing a less volatile means to employ in…

The coronavirus COVID-19 has been a global news topic for the past few months. The disease, which was first reported in the Wuhan region of China on 31st December 2019, has spread quickly across the globe, prompting the World Health Organization to declare the disease a pandemic.  As is expected, the global pandemic has had adverse effects on various industries around the world. The crypto sphere has, unfortunately, not been spared. Seeing as the occurrence is the first of its…

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 $155 billion. Bitcoin value crashes by 30%, reaches $4,185 before rising above $5,000 again. Ethereum loses almost 50% of its value and now trades at a little over $126 XRP trades as low as $0.11 mid-week before recovering at $0.15 on Sunday The stock and equity markets experience new historic lows since the 2008…

The covid-19 pandemic is negatively affecting crypto market prices and disrupting many crypto conferences, as many industry players fell sick.  Ater Zhen Yu Yong announced contracting Covid-19 after attending the Ethereum Conference, six more cases from the conference got reported. In this case, seven great developers from the Ethereum Community contracted Covid-19 after participating in the Ethereum Conference that occurred on the 3rd to the 5th of March. After Zhen disclosed his Covid-19 status, he encouraged everyone from the Ethereum…

In a bid to help stop the spread of the  COVID-19 disease, The New York State Department Of Financial Services (NYDFS) has issued a directive requiring crypto firms to submit their COVID- 19 preparedness plans. In a letter written to the firms on Thursday this week, the regulator noted that the disease has adversely affected the economy. As such, firms needed to develop plans to mitigate risks emanating from the pandemic. The Bare Minimum  The letter cataloged the minimum that…

The coronavirus pandemic continues to ravage the global economy. Therefore, countries such as China and South Korea have instituted cash quarantines as strategic measures to mitigate its spread. This decision follows the World Health Organization (WHO) revelation that cash is a key medium for the virus'  transfer. Following The Trend Hungary is the most recent country to follow the trend. Local reports indicate that the country's central bank announced that it would be withdrawing billions of banknotes from circulation daily.…

The co-founder of Toruslabs, Zhen Yu Yong, tested positive for coronavirus after attending different Ethereum conferences. Zhen tweeted on falling ill and receiving a positive test for Covid-19. He contracted Covid-19 after attending the ETH London hackathon held from the 28th of February to the 1st of March. TorusLabs Co-founder also attended the Ethereum Community Conference (ECC), which took place in Paris from the 3rd to the 5th of March. He encouraged all those who had close contact with him…

Coronavirus outbreak affected two major crypto conferences to happen in the United States. These two conferences are the ‘Bitcoin 2020’ and ‘The DC Blockchain Summit 2020’. The Blockchain 2020, initially scheduled for March 27 and 28 in San Francisco, will occur in the Q3 of 2020. The DC Blockchain Summit scheduled for next week will happen later after further communication. Further Details on the Two Crypto Conferences The Bitcoin 2020 organizers assured all attendees that their conference tickets are still…