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Case for an Immediate Bitcoin Upsurge Is Flawed

The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin. On the Bitcoin network, miners create…

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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: Coin360 Vays: I’ll buy BTC at $6,400 Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began.  On Friday, the…

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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…

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John McAfee Offers $500 in ETH-Based DAI for Post-Apocalyptic Photos

Famed altcoin advocate John McAfee has put up a $500 reward in the Ethereum-based stablecoin DAI for the best original photo taken in the midst of the coronavirus lockdown. The sea-bound computer programmer asked for pictures of vacant highways and cities from people who are still able to leave their homes for essential supplies and activities. McAfee tweeted: “Those…

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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…

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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.…

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General Motors Files Patent for a Blockchain-Based Navigation Map

Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles. According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020,…

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Binance Shelters Against Job Losses During Global Pandemic

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100…

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