The Next Phase of McAfee Dex is Coming Soon: John McAfee
The users of this platform can reap these benefits from an app called- ‘Switch.’ It offers user-friendly ways of purchasing and selling tokens of more than 100 tokens directly against each other. The platforms offer other services such as gift cards, gamble, etc. There are no requirements for having any accounts on this app and it does not collect any personal information of the user.
The user can build his or her own white label DEX built on top of the McAfee website, simply by sending 100 U.S Dollars worth of Ethereum (ETH) (0.71429 ETH) to 0xA916E000ae9a8944485C587ddAb8a087aBFD1EAd, the official Mcafeedex website reveals. This is a one-time transaction. After the transaction confirmation, the address of the users gets whitelisted for a lifetime. The advantage of getting one’s address whitelisted is that the user does not have to pay any platform fees for his/her entire life. The process of whitelisting of the address usually takes around 24 hours to get reflected.
The users of this platform can reap these benefits from an app called- ‘Switch.’ It offers user-friendly ways of purchasing and selling tokens of more than 100 tokens directly against each other. The platforms offer other services such as gift cards, gamble, etc. There are no requirements for having any accounts on this app and it does not collect any personal information of the user.
The user can build his or her own white label DEX built on top of the McAfee website, simply by sending 100 U.S Dollars worth of Ethereum (ETH) (0.71429 ETH) to 0xA916E000ae9a8944485C587ddAb8a087aBFD1EAd, the official Mcafeedex website reveals. This is a one-time transaction. After the transaction confirmation, the address of the users gets whitelisted for a lifetime. The advantage of getting one’s address whitelisted is that the user does not have to pay any platform fees for his/her entire life. The process of whitelisting of the address usually takes around 24 hours to get reflected.
How Ponzi Schemes Are Using Cryptocurrencies to Dupe Investors
A Ponzi scheme can be classified as a kind of fraudulent investment scheme wherein investors are promised an exceptionally large return on their investment. The organizers promise a high return and that too, without any significant risk attached to the investment. As one can easily make out, the promise of high return without a considerable risk is not a feasible proposition in the investment world, but still many people fall in the lure of getting higher returns in the shortest possible time and become the victim of such fraudulent schemes.
How Ponzi Schemes Work?
The modus operandi of Ponzi schemes is not a very complex one. Usually, scammers collect money from new investors and pay the amount to old investors and in the process, they keep a share of the investment with them. This vicious cycle keeps going as long as possible before finally collapsing in the absence of any solid investment idea or source of income.
There are a number of characteristics from which you can easily find whether a particular scheme falls into the category of the Ponzi scheme or not. For example, if somebody offers very high returns on some investment plan without giving you details of risk and return factor, you have all the reasons to be concerned about it. Further, these kinds of fraudulent investment schemes are not registered with any regulatory authority and hence, there is no legal measure that one can take after being duped by the fraudsters.
Virtual Cryptocurrencies and Ponzi Schemes
The rising popularity of virtual currencies among the fraudsters has raised a red flag for many regulators across the world. The organizers of Ponzi schemes are increasingly using digital coins to lure investors in return for high rewards. The primary reason for fraudsters switching to cryptocurrencies is the decentralized and unregulated nature of digital coins, which makes it easy for cheaters to remain untraced even after committing fraud.
Take, for instance, the example of the PlusToken Ponzi scheme, which has recently moved Bitcoin worth of $117 million to a new address. Just so you know, PlusToken is based in China and has duped investors of cryptocurrency worth billions. In fact, according to a research estimate, investors lost $4 billion worth of investment in 2019 to the various cryptocurrency scams with Ponzi schemes emerging as the major accomplice in these frauds.
A Ponzi scheme can be classified as a kind of fraudulent investment scheme wherein investors are promised an exceptionally large return on their investment. The organizers promise a high return and that too, without any significant risk attached to the investment. As one can easily make out, the promise of high return without a considerable risk is not a feasible proposition in the investment world, but still many people fall in the lure of getting higher returns in the shortest possible time and become the victim of such fraudulent schemes.
How Ponzi Schemes Work?
The modus operandi of Ponzi schemes is not a very complex one. Usually, scammers collect money from new investors and pay the amount to old investors and in the process, they keep a share of the investment with them. This vicious cycle keeps going as long as possible before finally collapsing in the absence of any solid investment idea or source of income.
There are a number of characteristics from which you can easily find whether a particular scheme falls into the category of the Ponzi scheme or not. For example, if somebody offers very high returns on some investment plan without giving you details of risk and return factor, you have all the reasons to be concerned about it. Further, these kinds of fraudulent investment schemes are not registered with any regulatory authority and hence, there is no legal measure that one can take after being duped by the fraudsters.
Virtual Cryptocurrencies and Ponzi Schemes
The rising popularity of virtual currencies among the fraudsters has raised a red flag for many regulators across the world. The organizers of Ponzi schemes are increasingly using digital coins to lure investors in return for high rewards. The primary reason for fraudsters switching to cryptocurrencies is the decentralized and unregulated nature of digital coins, which makes it easy for cheaters to remain untraced even after committing fraud.
Take, for instance, the example of the PlusToken Ponzi scheme, which has recently moved Bitcoin worth of $117 million to a new address. Just so you know, PlusToken is based in China and has duped investors of cryptocurrency worth billions. In fact, according to a research estimate, investors lost $4 billion worth of investment in 2019 to the various cryptocurrency scams with Ponzi schemes emerging as the major accomplice in these frauds.
TradAir: Your One-stop Solution for Foreign Exchange and Crypto Trading Services
There are a number of companies that provide access to foreign exchange (FX) services, but only a few names are there when it comes to providing the FX facility with the facility of crypto trading underpinned by the ecosystem of blockchain. More importantly, it is quite a hard task to find a reputed name in the field of institutional FX and crypto trading services.
TradAir: Leading name in FX and crypto trading
Among the handful of players, the name of TradAir can be considered as the most dependable one in the field of FX and crypto trading solutions. Since its inception in 2010, the company has established new norms of performance while helping investors to aid their wealth creation opportunities. The platform provides a range of services in order to help its clients, such as providing a wide choice on liquidity access, inventing the prices for crypto assets, and trading the cryptocurrencies globally.
What are the USP of TradAir?
One of the distinguishing characteristics of the service provided by TradAir is its end to end solutions. This signifies that its clients will need no intermediary in order to get access to sources of liquidity, cryptocurrency exchanges, custodians, and market makers among others. In other words, it is a single platform using which you can address all your foreign exchange and cryptocurrency trading services.
What makes all these services easy to access is the seamless graphical user interface of TradAir. The interface is compatible with mobile devices and makes it easy to communicate with other users. This is especially significant in the case of cryptocurrency trading, where the results can be broadcasted to a number of clients and venues depending upon the requirement. You can accomplish a host of tasks on the platform ranging from the management of liquidity, creation of the price, and analysis of trading to achieve better results and greater earnings.
Another distinctive advantage associated with TradAir is the modular-nature of its solutions. This modularity makes access to its services extremely convenient. You can choose from a range of options when it comes to using the solution provided by TradAir. Its products/solutions can be used through cloud computing, or you can get it installed on your premises. You can also get the solution installed in any data center in any part of the globe and this has become possible only owing to the modular nature of the solution.
In addition to its core services, TradAir also allows its customers to enjoy the convenience of over-the-counter (OTC) trade settlement services. This has been made possible thanks to the collaboration between Seed CX and TradAir. Both companies signed an agreement of collaboration last year, which added another feather to TradAir’s cap. Just so you know, the OTC facility can be availed for both fiat trades and digital trades.
There are a number of companies that provide access to foreign exchange (FX) services, but only a few names are there when it comes to providing the FX facility with the facility of crypto trading underpinned by the ecosystem of blockchain. More importantly, it is quite a hard task to find a reputed name in the field of institutional FX and crypto trading services.
TradAir: Leading name in FX and crypto trading
Among the handful of players, the name of TradAir can be considered as the most dependable one in the field of FX and crypto trading solutions. Since its inception in 2010, the company has established new norms of performance while helping investors to aid their wealth creation opportunities. The platform provides a range of services in order to help its clients, such as providing a wide choice on liquidity access, inventing the prices for crypto assets, and trading the cryptocurrencies globally.
What are the USP of TradAir?
One of the distinguishing characteristics of the service provided by TradAir is its end to end solutions. This signifies that its clients will need no intermediary in order to get access to sources of liquidity, cryptocurrency exchanges, custodians, and market makers among others. In other words, it is a single platform using which you can address all your foreign exchange and cryptocurrency trading services.
What makes all these services easy to access is the seamless graphical user interface of TradAir. The interface is compatible with mobile devices and makes it easy to communicate with other users. This is especially significant in the case of cryptocurrency trading, where the results can be broadcasted to a number of clients and venues depending upon the requirement. You can accomplish a host of tasks on the platform ranging from the management of liquidity, creation of the price, and analysis of trading to achieve better results and greater earnings.
Another distinctive advantage associated with TradAir is the modular-nature of its solutions. This modularity makes access to its services extremely convenient. You can choose from a range of options when it comes to using the solution provided by TradAir. Its products/solutions can be used through cloud computing, or you can get it installed on your premises. You can also get the solution installed in any data center in any part of the globe and this has become possible only owing to the modular nature of the solution.
In addition to its core services, TradAir also allows its customers to enjoy the convenience of over-the-counter (OTC) trade settlement services. This has been made possible thanks to the collaboration between Seed CX and TradAir. Both companies signed an agreement of collaboration last year, which added another feather to TradAir’s cap. Just so you know, the OTC facility can be availed for both fiat trades and digital trades.
Crypto.com: One-stop Destination to Your All Crypto Needs
Despite the growing popularity of cryptocurrency, very few platforms offer a complete range of services related to buying, selling, and trading of digital coins. While we have a number of options when it comes to availing these services separately, very few names appear on the horizon, which is able to provide a holistic solution for all needs related to cryptocurrencies.
Significant among these handful options is Crypto.com, first crypto company to hold ISO27001 and PCI:DSS level 1 compliance, which can be easily considered as a one-stop destination for all cryptocurrency services. Not only can you buy and sell the cryptocurrencies here but can also make a payment, avail credit, and build an investment portfolio using digital coins. The complete and holistic nature of services provided by Crypto.com is what makes this platform unique and favorite among the masses.
Features and Services
A peek into services offered by Crypto.com and one instantly recognizes why the portal is finding favor among investors. Using the exchange platform of Crypto.com, which is powered by its native coin CRO, one can trade in digital coins with low processing charges and execution prices, which are best in the industry. There is no constraint with the liquidity, either, which comes as an added advantage for investors. You can choose from a wide range of coins (45 plus) and execute the trade at their true prices without any fee or markups.
In order to satiate your spending desire and that too with rewards, Crypto.com offers the facility of VISA card. You can have a 10% rebate on expenditures done on Airbnb and Expedia, which is in addition to 5% back that you can avail of all your spending. The facility is now available for US and Singapore users too.
You can earn a handsome interest as Crypto.com offers an earning of up to 8% per annum on your crypto deposits. This interest jumps to 12% in case you decide to deposit stablecoin in the platform’s repository. It is indeed a good opportunity and can provide you a handsome income without any significant risk factor. It is to be noted that the interest you will receive here is simple interest calculated on a daily basis, not the compounded one.
Another important service that you can use is the credit facility on Crypto.com. By depositing your crypto assets, you can apply for the loan, which has a number of unique inbuilt features. The money will be instantly credited to your account as no credit checks are required. There is no repayment deadline, either which means you can repay the amount according to your convenience. Further, Crypto.com puts no limit on the credit, and you can apply for as much credit as you require.
For investment freaks, the automated trading feature of the Crypto.com is the right thing to go for. It only takes a couple of minutes to set up the trading account, and once you are in, you can easily access trading strategies offered by the algorithmic trading system of the platform. The best part of the trading on the platform is that it is totally free of cost. There are no entry, or exit fees levied on the trading; neither there are any management expenses charged by the portal – isn’t that wonderful?
Recent Developments and 2020 Plan
Crypto.com is also contributing to developing an ecosystem of the cryptocurrency and blockchain developers. In 2019, we had witnessed the launch of The Syndicate, a Blockchain fundraising Platform which is doing a commendable job in raising the money for new cryptocurrency and blockchain startups. More recently, however, the Crypto.com is in the news for offering a staggering 25% off on Bitcoin worth $200,000 for holders of its native coin, the CRO.
As far as its 2020 Plans are concerned, the Crypto.com wants to expand the reach of its VISA card to the extent that it can be used in every part of the globe. Another prominent part of the company’s strategy is to launch a non-custodial wallet and spread its adoption among the target users.
Despite the growing popularity of cryptocurrency, very few platforms offer a complete range of services related to buying, selling, and trading of digital coins. While we have a number of options when it comes to availing these services separately, very few names appear on the horizon, which is able to provide a holistic solution for all needs related to cryptocurrencies.
Significant among these handful options is Crypto.com, first crypto company to hold ISO27001 and PCI:DSS level 1 compliance, which can be easily considered as a one-stop destination for all cryptocurrency services. Not only can you buy and sell the cryptocurrencies here but can also make a payment, avail credit, and build an investment portfolio using digital coins. The complete and holistic nature of services provided by Crypto.com is what makes this platform unique and favorite among the masses.
Features and Services
A peek into services offered by Crypto.com and one instantly recognizes why the portal is finding favor among investors. Using the exchange platform of Crypto.com, which is powered by its native coin CRO, one can trade in digital coins with low processing charges and execution prices, which are best in the industry. There is no constraint with the liquidity, either, which comes as an added advantage for investors. You can choose from a wide range of coins (45 plus) and execute the trade at their true prices without any fee or markups.
In order to satiate your spending desire and that too with rewards, Crypto.com offers the facility of VISA card. You can have a 10% rebate on expenditures done on Airbnb and Expedia, which is in addition to 5% back that you can avail of all your spending. The facility is now available for US and Singapore users too.
You can earn a handsome interest as Crypto.com offers an earning of up to 8% per annum on your crypto deposits. This interest jumps to 12% in case you decide to deposit stablecoin in the platform’s repository. It is indeed a good opportunity and can provide you a handsome income without any significant risk factor. It is to be noted that the interest you will receive here is simple interest calculated on a daily basis, not the compounded one.
Another important service that you can use is the credit facility on Crypto.com. By depositing your crypto assets, you can apply for the loan, which has a number of unique inbuilt features. The money will be instantly credited to your account as no credit checks are required. There is no repayment deadline, either which means you can repay the amount according to your convenience. Further, Crypto.com puts no limit on the credit, and you can apply for as much credit as you require.
For investment freaks, the automated trading feature of the Crypto.com is the right thing to go for. It only takes a couple of minutes to set up the trading account, and once you are in, you can easily access trading strategies offered by the algorithmic trading system of the platform. The best part of the trading on the platform is that it is totally free of cost. There are no entry, or exit fees levied on the trading; neither there are any management expenses charged by the portal – isn’t that wonderful?
Recent Developments and 2020 Plan
Crypto.com is also contributing to developing an ecosystem of the cryptocurrency and blockchain developers. In 2019, we had witnessed the launch of The Syndicate, a Blockchain fundraising Platform which is doing a commendable job in raising the money for new cryptocurrency and blockchain startups. More recently, however, the Crypto.com is in the news for offering a staggering 25% off on Bitcoin worth $200,000 for holders of its native coin, the CRO.
As far as its 2020 Plans are concerned, the Crypto.com wants to expand the reach of its VISA card to the extent that it can be used in every part of the globe. Another prominent part of the company’s strategy is to launch a non-custodial wallet and spread its adoption among the target users.
The Sandbox Announces Partnership With Opera Web Browser
Sandbox, the immensely popular gaming platform, has announced the news about its strategic partnership with a globally acclaimed web browser, Opera, which also takes pride in being the world’s first web browser infused with a crypto wallet. The integration is likely to pave the way for the success of both the firms in terms of operational capacities as well as blockchain excellence.
According to the official announcement, the integration between the two renowned entities will allow the users of The Sandbox to access their map, digital ASSETS, and LANDS. As part of the strategic collaboration, The Sandbox will now find its place on Opera’s dApp store as one of the featured dApps available on the web browser. The unprecedented technological excellence of Opera will aid The Sandbox community to interact with its users in a convenient and seamless manner. Both the renowned firms with putting in their joint efforts to enhance their network capabilities, user experience, as well as will lay special emphasis on channelizing secured, quick, and hassle-free transactions.
Opera serves as a leading web browser which is home to a whopping 350 million users around the world. The award-winning web browser is playing a key role in making Web 3 mainstream and the first step taken by the firm towards its goal is the inclusion of a built-in crypto wallet in the browser in December 2018. The Opera team is constantly upgrading its network and is adding new lucrative features into its system focused on Web 3. The web browser allows its users to send and receive Bitcoin directly from its network. The users can also add Bitcoin or TRON cards into their built-in crypto wallets or make transactions.
The Sandbox revealed that Opera was an active participant of Round 2 of LAND presale. It enjoys a special space to nurture its community.
Sandbox, the immensely popular gaming platform, has announced the news about its strategic partnership with a globally acclaimed web browser, Opera, which also takes pride in being the world’s first web browser infused with a crypto wallet. The integration is likely to pave the way for the success of both the firms in terms of operational capacities as well as blockchain excellence.
According to the official announcement, the integration between the two renowned entities will allow the users of The Sandbox to access their map, digital ASSETS, and LANDS. As part of the strategic collaboration, The Sandbox will now find its place on Opera’s dApp store as one of the featured dApps available on the web browser. The unprecedented technological excellence of Opera will aid The Sandbox community to interact with its users in a convenient and seamless manner. Both the renowned firms with putting in their joint efforts to enhance their network capabilities, user experience, as well as will lay special emphasis on channelizing secured, quick, and hassle-free transactions.
Opera serves as a leading web browser which is home to a whopping 350 million users around the world. The award-winning web browser is playing a key role in making Web 3 mainstream and the first step taken by the firm towards its goal is the inclusion of a built-in crypto wallet in the browser in December 2018. The Opera team is constantly upgrading its network and is adding new lucrative features into its system focused on Web 3. The web browser allows its users to send and receive Bitcoin directly from its network. The users can also add Bitcoin or TRON cards into their built-in crypto wallets or make transactions.
The Sandbox revealed that Opera was an active participant of Round 2 of LAND presale. It enjoys a special space to nurture its community.
Tether (USDT): Real World Fiat Currency, Through Blockchain Technology
In this article, we are going to look at the anatomy of Tether (USDT). What makes it a popular stablecoin, and why it is growing rampantly? So, without wasting a minute, let us start digging!
What is Tether (USDT)?
The most popular stablecoin- Tether, doesn’t need much of an introduction. This stablecoin offers a fixed exchange rate in many types of fiat currency. With Tether, USDT is pegged with the U.S. Dollar. Simply put, Tether is a name for the U.S. Dollar, which is converted into cryptocurrency through blockchain technology.
What’s the point of pegging to fiat currency with crypto, you may ask:
Well, pegging the exchange rate allows an easy transfer of fiat currency equivalent when it comes to exchanging from one currency to another. Also, Tether allows freedom from traditional fiat currency regulations and fiat currency volatility. In a way, you can call it a crypto-turned fiat currency. Therefore, depending on the currency rate, one unit of USDT will be equal to one unit of the U.S. Dollar. Tether is also commonly pegged to Euro, which forms EURT.
How does Tether work?
Omni platform is what this cryptocurrency is based on. Although the Omni platform also lends support for many other bitcoin blockchain-based digital assets. For instance, there are Tether based Bitcoin and Tether based Ethereum coins that are already in the market.
The concept of collateral currency works behind Tether. It simply means an equal amount of U.S. Dollar equates to the same unit of USDT. Also, it is a mandate that the USDT is always available to the user for redemption at any point of time. Currently, USDT is only converted to U.S. Dollar fiat currency and is offered by a handful of crypto exchanges.
Using Tether is a boon for traders:
All Tether transactions take are a few minutes: USDT offers many helpful factors that can solidly help a trader. The first way in which it is helpful is the fact that it saves a lot of time in comparison to the traditional bank transfers, which takes days. Tether transactions get successfully completed within a few minutes. The quick transaction quality of Tether allows traders and investors to take advantage of arbitrage opportunities.
The transaction fees: You remember the cost of bank transfers that taxed the sender with heavy SWIFT charges, sometimes middle-man fees, foreign exchange conversion rate charges, etc.? Now, if you look at the transaction fee of Tether, it would be a big sigh of relief. Well, Tether charges ZERO Fees for a transfer between Tether wallets!
Stable price: The stablecoins give a crypto-volatility immunity. The volatile nature of cryptocurrency is not unknown. It can take the user to great heights and can also plunge the user to deep valleys. Traders do require a sense of stability for operating their businesses. And that is where the stable nature of Tether comes in play.
Tether’s performance in the real world:
Due to the unique beneficial nature of Tether, it is celebrated and adored by many platforms. Recently, on 10th Feb., Tether was launched on Algorand’s Next Generation Blockchain Platform, as its first-ever stablecoin. This kind of market news shows how Tether is seen in the light of being a trustworthy, stable, and efficient stablecoin.
On the other hand, the success of Tether has also made Tether the company to launch a digital asset called- ‘Tether Gold (XAU₮).’ The vision behind this gold supported digital asset is to offer exposure to the traditional asset- the physical gold (XAU). The growing demand for a digital exposure to gold inspired Tether to launch this gold supported digital asset. On this matter, the CTO at Tether- Paolo Ardoino shared:
“Tether Gold provides the combined benefits of both physical and digital assets, removing the drawbacks of holding gold in more traditional ways, such as high storage costs and restricted access.”
In this article, we are going to look at the anatomy of Tether (USDT). What makes it a popular stablecoin, and why it is growing rampantly? So, without wasting a minute, let us start digging!
What is Tether (USDT)?
The most popular stablecoin- Tether, doesn’t need much of an introduction. This stablecoin offers a fixed exchange rate in many types of fiat currency. With Tether, USDT is pegged with the U.S. Dollar. Simply put, Tether is a name for the U.S. Dollar, which is converted into cryptocurrency through blockchain technology.
What’s the point of pegging to fiat currency with crypto, you may ask:
Well, pegging the exchange rate allows an easy transfer of fiat currency equivalent when it comes to exchanging from one currency to another. Also, Tether allows freedom from traditional fiat currency regulations and fiat currency volatility. In a way, you can call it a crypto-turned fiat currency. Therefore, depending on the currency rate, one unit of USDT will be equal to one unit of the U.S. Dollar. Tether is also commonly pegged to Euro, which forms EURT.
How does Tether work?
Omni platform is what this cryptocurrency is based on. Although the Omni platform also lends support for many other bitcoin blockchain-based digital assets. For instance, there are Tether based Bitcoin and Tether based Ethereum coins that are already in the market.
The concept of collateral currency works behind Tether. It simply means an equal amount of U.S. Dollar equates to the same unit of USDT. Also, it is a mandate that the USDT is always available to the user for redemption at any point of time. Currently, USDT is only converted to U.S. Dollar fiat currency and is offered by a handful of crypto exchanges.
Using Tether is a boon for traders:
All Tether transactions take are a few minutes: USDT offers many helpful factors that can solidly help a trader. The first way in which it is helpful is the fact that it saves a lot of time in comparison to the traditional bank transfers, which takes days. Tether transactions get successfully completed within a few minutes. The quick transaction quality of Tether allows traders and investors to take advantage of arbitrage opportunities.
The transaction fees: You remember the cost of bank transfers that taxed the sender with heavy SWIFT charges, sometimes middle-man fees, foreign exchange conversion rate charges, etc.? Now, if you look at the transaction fee of Tether, it would be a big sigh of relief. Well, Tether charges ZERO Fees for a transfer between Tether wallets!
Stable price: The stablecoins give a crypto-volatility immunity. The volatile nature of cryptocurrency is not unknown. It can take the user to great heights and can also plunge the user to deep valleys. Traders do require a sense of stability for operating their businesses. And that is where the stable nature of Tether comes in play.
Tether’s performance in the real world:
Due to the unique beneficial nature of Tether, it is celebrated and adored by many platforms. Recently, on 10th Feb., Tether was launched on Algorand’s Next Generation Blockchain Platform, as its first-ever stablecoin. This kind of market news shows how Tether is seen in the light of being a trustworthy, stable, and efficient stablecoin.
On the other hand, the success of Tether has also made Tether the company to launch a digital asset called- ‘Tether Gold (XAU₮).’ The vision behind this gold supported digital asset is to offer exposure to the traditional asset- the physical gold (XAU). The growing demand for a digital exposure to gold inspired Tether to launch this gold supported digital asset. On this matter, the CTO at Tether- Paolo Ardoino shared:
“Tether Gold provides the combined benefits of both physical and digital assets, removing the drawbacks of holding gold in more traditional ways, such as high storage costs and restricted access.”
Real Vision CEO on Impact of Coronavirus and Money Printing on Global Economy
In an interesting conversation regarding the impact of Coronavirus and printing of the money by the Federal Reserve on the global economy, the chief executive officer of the Real Vision, Raoul Pal, touched upon a number of aspects including Gold, Bitcoin, Tokenization, and financial freedom among others. According to Pal, the situation the world is in today where we are battling the contagious effect of Coronavirus and its subsequent impact on the economies can prove to be a silver lining for the cryptocurrency and blockchain technology.
Present Scenario
In order to wrest the downward spiral of the economic activities, countries across the world are pushing the money into the system by offering lower interest rates and printing more money. Recently we have witnessed the historic decision by US Federal Reserve of cutting the interest rate by 50 basis points (0.5 percent) and the decision is considered a historical one. In addition to the rates cut, printing more of the fiat currency is also on the cards, but at the same time, all these steps have the potential to push the value of the currency down.
More supply will ultimately devalue the currency and in order to steer clear of such a situation, the system could possibly take the help of the two important assets available in the present context. One of these primary assets is the gold, while cryptocurrencies could possibly take the form of the second asset in order to pull the world economy out of the possible recession.
Decentralization: A way forward
Citing the example of building a decentralized database, Pal emphasized that decentralization is a way forward if economies have to become more efficient while providing equal opportunity to all the players to compete in the industries. Pal drove home the point that digitization is not only about the Bitcoin and other cryptocurrencies as a whole lot of stuff is going on to make things decentralized, more accessible, and more effective to operate.
During the discussions, the issue of having exposure to the cryptocurrencies also came up, and Pal emphasized that it is important to have an investment in cryptocurrencies according to the cycle of age you are in. One has to profile the risk aspect of the cryptocurrencies and then accordingly invest in the Bitcoin and other digital coins.
Tokenization: Powering the Next Phase of Crypto Growth
The concept of tokenization also figured in the discussions and its potential to power the next wave of growth in the Crypto industry has been recognized well by the CEO of the Real Vision. If the whole process of tokenization is studied and researched carefully with a great deal of emphasis placed on examining the important aspects of the company, its business model, and stream of revenue, then the phenomenon of tokenization can lead you to the greater financial success in the life. Towards the end of the interview, Pal explains his dilemma of understanding the Bitcoin when the fork happened, although he still has a great degree of faith in Bitcoin and supports it as a means of financial access and freedom for all.
In an interesting conversation regarding the impact of Coronavirus and printing of the money by the Federal Reserve on the global economy, the chief executive officer of the Real Vision, Raoul Pal, touched upon a number of aspects including Gold, Bitcoin, Tokenization, and financial freedom among others. According to Pal, the situation the world is in today where we are battling the contagious effect of Coronavirus and its subsequent impact on the economies can prove to be a silver lining for the cryptocurrency and blockchain technology.
Present Scenario
In order to wrest the downward spiral of the economic activities, countries across the world are pushing the money into the system by offering lower interest rates and printing more money. Recently we have witnessed the historic decision by US Federal Reserve of cutting the interest rate by 50 basis points (0.5 percent) and the decision is considered a historical one. In addition to the rates cut, printing more of the fiat currency is also on the cards, but at the same time, all these steps have the potential to push the value of the currency down.
More supply will ultimately devalue the currency and in order to steer clear of such a situation, the system could possibly take the help of the two important assets available in the present context. One of these primary assets is the gold, while cryptocurrencies could possibly take the form of the second asset in order to pull the world economy out of the possible recession.
Decentralization: A way forward
Citing the example of building a decentralized database, Pal emphasized that decentralization is a way forward if economies have to become more efficient while providing equal opportunity to all the players to compete in the industries. Pal drove home the point that digitization is not only about the Bitcoin and other cryptocurrencies as a whole lot of stuff is going on to make things decentralized, more accessible, and more effective to operate.
During the discussions, the issue of having exposure to the cryptocurrencies also came up, and Pal emphasized that it is important to have an investment in cryptocurrencies according to the cycle of age you are in. One has to profile the risk aspect of the cryptocurrencies and then accordingly invest in the Bitcoin and other digital coins.
Tokenization: Powering the Next Phase of Crypto Growth
The concept of tokenization also figured in the discussions and its potential to power the next wave of growth in the Crypto industry has been recognized well by the CEO of the Real Vision. If the whole process of tokenization is studied and researched carefully with a great deal of emphasis placed on examining the important aspects of the company, its business model, and stream of revenue, then the phenomenon of tokenization can lead you to the greater financial success in the life. Towards the end of the interview, Pal explains his dilemma of understanding the Bitcoin when the fork happened, although he still has a great degree of faith in Bitcoin and supports it as a means of financial access and freedom for all.
Supreme Court of India Directs RBI to Unfreeze Koinex’s Crypto Account
The Honorable Supreme Court of India has directed the Reserve Bank of India (RBI) to unfreeze Koinex’s current account with the Central Bank of India, containing over INR 12 crore (or 120 million).
The directive came as a part of the Supreme Court’s judgment in the RBI vs. Internet and Mobile Association of India (IAMAI) matter, wherein Koinex (listed as Discidium Internet Labs Pvt. Ltd.), was petitioner no. 6 in Writ Petition 373 filed in 2018.
In 2018, when Koinex made an attempt to close their Central Bank of India account and requested a demand draft, they were informed that the matter had been referred to higher authorities or regulators and that the account had been frozen. In reply to Koinex’s petition, RBI stated it had not issued any direction to the Central Bank to freeze the account.
The Supreme Court saw RBI’s response to the incident as “lukewarm” and “wholly unjustified.” The judgment went on to clarify that since Koinex’s business activities were not declared to be explicitly unlawful, RBI was obliged to direct the Central Bank of India to “defreeze” the account and release the funds held within, together with the applicable interest rate.
Koinex Was Victim of RBI’s Crypto Ban
Crypto exchanges in India suffered considerably after RBI’s impugned April 2018 directive ring-fencing crypto, which was overturned by the Supreme Court of India yesterday.
Koinex, one of India’s largest cryptocurrency exchanges, fell victim to the nation’s war on digital currencies and closed its operations on June 27, 2019. RBI’s circular caused startups like Koinex considerable financial burden as they continued to operate despite regulatory hurdles.
In a blog post announcing the firm’s closure, Koinex co-founder Rahul Raj stated, “Multiple delays by the government agencies in clarifying the regulatory framework for cryptocurrencies despite our pending writ petition in the Supreme Court of India, coupled with regular disruption in our operations, the final decision has been taken after duly considering all the latest developments in the crypto and blockchain industry in India.”
Raj added that just because of their association with a digital assets exchange operator, their team was forced to answer questions utterly unrelated to crypto transactions, including those about their salaries, rents, and purchases. This, coupled with high costs of operations and consistent denials in accessing payment services, had made continued business economically unfeasible.
Before RBI’s unconstitutional directive, the crypto market in India was worth over $12.9 billion, with crypto exchanges growing at an astronomical rate. However, this growth was short-lived and stalled with the materialization of restrictions on banking institutions that exchanges were dependent upon deeply.
The Supreme Court’s verdict is thus enthusiastically welcomed by digital asset exchange platforms, with many hoping that it will boost the industry once again.
The Honorable Supreme Court of India has directed the Reserve Bank of India (RBI) to unfreeze Koinex’s current account with the Central Bank of India, containing over INR 12 crore (or 120 million).
The directive came as a part of the Supreme Court’s judgment in the RBI vs. Internet and Mobile Association of India (IAMAI) matter, wherein Koinex (listed as Discidium Internet Labs Pvt. Ltd.), was petitioner no. 6 in Writ Petition 373 filed in 2018.
In 2018, when Koinex made an attempt to close their Central Bank of India account and requested a demand draft, they were informed that the matter had been referred to higher authorities or regulators and that the account had been frozen. In reply to Koinex’s petition, RBI stated it had not issued any direction to the Central Bank to freeze the account.
The Supreme Court saw RBI’s response to the incident as “lukewarm” and “wholly unjustified.” The judgment went on to clarify that since Koinex’s business activities were not declared to be explicitly unlawful, RBI was obliged to direct the Central Bank of India to “defreeze” the account and release the funds held within, together with the applicable interest rate.
Koinex Was Victim of RBI’s Crypto Ban
Crypto exchanges in India suffered considerably after RBI’s impugned April 2018 directive ring-fencing crypto, which was overturned by the Supreme Court of India yesterday.
Koinex, one of India’s largest cryptocurrency exchanges, fell victim to the nation’s war on digital currencies and closed its operations on June 27, 2019. RBI’s circular caused startups like Koinex considerable financial burden as they continued to operate despite regulatory hurdles.
In a blog post announcing the firm’s closure, Koinex co-founder Rahul Raj stated, “Multiple delays by the government agencies in clarifying the regulatory framework for cryptocurrencies despite our pending writ petition in the Supreme Court of India, coupled with regular disruption in our operations, the final decision has been taken after duly considering all the latest developments in the crypto and blockchain industry in India.”
Raj added that just because of their association with a digital assets exchange operator, their team was forced to answer questions utterly unrelated to crypto transactions, including those about their salaries, rents, and purchases. This, coupled with high costs of operations and consistent denials in accessing payment services, had made continued business economically unfeasible.
Before RBI’s unconstitutional directive, the crypto market in India was worth over $12.9 billion, with crypto exchanges growing at an astronomical rate. However, this growth was short-lived and stalled with the materialization of restrictions on banking institutions that exchanges were dependent upon deeply.
The Supreme Court’s verdict is thus enthusiastically welcomed by digital asset exchange platforms, with many hoping that it will boost the industry once again.
Steemit: the First Crypto Based Blogging Platform
Steemit is a very popular blockchain-based blogging platform and social media website that rewards its users with its own cryptocurrency called ‘STEEM’, for publishing or curating any content on its website. The website is owned by a New York-based company named, Steemit. Inc, having its headquarters in Virginia. Steemit. Inc uses blockchain to develop cryptocurrencies to support and monetize social media sites. It is the only social blockchain that has the potential to power real applications via social apps called Steemit. The Steem blockchain and steemit.com, both are the brainchild of Steemit.Inc. The company came up with its first launch of the blockchain-based website on July 4, 2016. But the journey of the company was not smooth since its inception in 2016. Soon after its launch, the website was hacked which resulted in the price drop of STEEM. There was a huge financial crisis in the company for which the company had to lay off 70% of its employees.
How does it work?
Steemit is built upon the Steem Blockchain and is designed as a decentralized application (DApp). Users are rewarded with the company’s own built cryptocurrency STEEM. Users decide the payout of the posts by voting on the various comments and posts made by other users. Users are also rewarded with the “Curation Rewards” for upvoting and finding content other users’ upvote afterward.
Steemit cryptocurrency is similar to other currencies like Bitcoin and Ethereum as it can also be traded, purchased and sold in the open crypto market like other digital currencies. New Steemit currency units are created every day by the network and are distributed to those users who are the most engaged ones. Therefore, the more users engage themselves to the website, the more are their chances to win. Steemit pays both; the content creators as well as the best curators who curate the best content by upvoting the work of the other contributors. They are rewarded for curating the best content available on the website.
Steemit Joins TRON Ecosystem
Steemit Inc. has recently announced a strategic partnership with TRON Foundation, another decentralized ecosystem that provides fast network speed, high stability, and scalability. The partnership aims at bringing Steemit and other Steem based blockchain DApps into the TRON ecosystem comprising of over 20 million users, products, and services.
Prior to inking this partnership with Steemit, TRON has also partnered with top market players like Samsung, Opera, Poloniex with an aim to provide value propositions to its community members and investors. Talking about the recent collaboration, the CEO and founder of Steemit, Ned Scott said, “Steemit is the original conception where forums meeting cryptocurrency was born — where cryptocurrency could be distributed as easily as ‘likes’ and ‘upvotes’ and that maybe this would bring adoption and appreciation to the currency. From launching the platform in 2016 on a shoestring budget with an idealistic team to today, I’ve enjoyed the development of the platform and the growth of its user base — now I’m excited to see a strategic partner attempt to bring it to new heights.”
Therefore, STEEM has come up a long way, in revolutionizing the way in which people perceive decentralized technologies. It is a blockchain-based database, that supports social interaction and community building by rewarding cryptocurrencies that can be traded.
Steemit is a very popular blockchain-based blogging platform and social media website that rewards its users with its own cryptocurrency called ‘STEEM’, for publishing or curating any content on its website. The website is owned by a New York-based company named, Steemit. Inc, having its headquarters in Virginia. Steemit. Inc uses blockchain to develop cryptocurrencies to support and monetize social media sites. It is the only social blockchain that has the potential to power real applications via social apps called Steemit. The Steem blockchain and steemit.com, both are the brainchild of Steemit.Inc. The company came up with its first launch of the blockchain-based website on July 4, 2016. But the journey of the company was not smooth since its inception in 2016. Soon after its launch, the website was hacked which resulted in the price drop of STEEM. There was a huge financial crisis in the company for which the company had to lay off 70% of its employees.
How does it work?
Steemit is built upon the Steem Blockchain and is designed as a decentralized application (DApp). Users are rewarded with the company’s own built cryptocurrency STEEM. Users decide the payout of the posts by voting on the various comments and posts made by other users. Users are also rewarded with the “Curation Rewards” for upvoting and finding content other users’ upvote afterward.
Steemit cryptocurrency is similar to other currencies like Bitcoin and Ethereum as it can also be traded, purchased and sold in the open crypto market like other digital currencies. New Steemit currency units are created every day by the network and are distributed to those users who are the most engaged ones. Therefore, the more users engage themselves to the website, the more are their chances to win. Steemit pays both; the content creators as well as the best curators who curate the best content by upvoting the work of the other contributors. They are rewarded for curating the best content available on the website.
Steemit Joins TRON Ecosystem
Steemit Inc. has recently announced a strategic partnership with TRON Foundation, another decentralized ecosystem that provides fast network speed, high stability, and scalability. The partnership aims at bringing Steemit and other Steem based blockchain DApps into the TRON ecosystem comprising of over 20 million users, products, and services.
Prior to inking this partnership with Steemit, TRON has also partnered with top market players like Samsung, Opera, Poloniex with an aim to provide value propositions to its community members and investors. Talking about the recent collaboration, the CEO and founder of Steemit, Ned Scott said, “Steemit is the original conception where forums meeting cryptocurrency was born — where cryptocurrency could be distributed as easily as ‘likes’ and ‘upvotes’ and that maybe this would bring adoption and appreciation to the currency. From launching the platform in 2016 on a shoestring budget with an idealistic team to today, I’ve enjoyed the development of the platform and the growth of its user base — now I’m excited to see a strategic partner attempt to bring it to new heights.”
Therefore, STEEM has come up a long way, in revolutionizing the way in which people perceive decentralized technologies. It is a blockchain-based database, that supports social interaction and community building by rewarding cryptocurrencies that can be traded.
The Possible Impacts of Coronavirus on Crypto World
The outbreak of the coronavirus has its repercussions on the global economy. The infectious disease is also affecting the overall ecosystem of the cryptocurrency and its impact on the prices of the digital coins is quite apparent now. Although it is difficult to say with certainty whether that coronavirus is positively or negatively affecting the prices of digital coins, it is a general opinion among the crypto experts, enthusiasts, and analysts that this infectious disease is likely to have a positive impact on the adoption of cryptocurrencies among the masses.
Exploring Positive Impact
One of the effective remedies adopted by China for stopping the spread of coronavirus, which is now being followed across the globe, is the Quarantine procedures. In fact, Chinese authorities have gone one step further and are using UV light and high-temperature mechanisms on currency notes to stop the spread of the virus. People, too, are relying more on the internet while staying away from the currency notes. This trend is likely to boost the adoption of digital coins among the larger section of the population, which, in turn, will help the prices of the Bitcoin and other digital currencies to go up and yield profitable returns for the investors.
Stablecoins: Real beneficiary
More specifically, we have witnessed an increased interest in the stablecoins after the outbreak of the coronavirus. This may be attributed to the fact that stablecoins have less price volatility than digital coins and people are more confident about their future value than Bitcoin and other digital currencies. People across the globe are patronizing stablecoins amid virus outbreak and using them for their buying or selling activities in addition to accomplishing a number of other different tasks.
Impact on Cryptocurrency Mining
One area where the impact of the coronavirus could prove to be harmful to the digital currencies is their mining operations. This is because China has around 70% share in the Bitcoin mining thanks to the availability of the cheap electricity and robust technological prowess. And now, with authorities ordering a clampdown in order to contain the spread of the virus, the mining operations have been hit adversely. Now it is quite probable that because of the constraint supply, prices of Bitcoin and other cryptocurrencies might increase, but then the extreme shortage of the digital currencies could also have the potential to backfire. The tendency of hoarding might creep in the system, which will send a wrong signal to investors and potential adopters in the long run.
Conclusion
Despite speculations around the coronavirus and its possible impact on Bitcoin and other digital currencies, experts are quite unanimous in their view that this tragedy might help the case of digital coins. Cryptocurrencies will emerge stronger and their claim to be a credible alternative to the conventional monetary system helmed by central Banks and financial institutions will be strengthened. The full impact of this virus and its impacts on socio-economic parameters will only be ascertained once experts get accurate figures, but the adoption of digital currencies will likely gain momentum due to this highly contagious virus.
The outbreak of the coronavirus has its repercussions on the global economy. The infectious disease is also affecting the overall ecosystem of the cryptocurrency and its impact on the prices of the digital coins is quite apparent now. Although it is difficult to say with certainty whether that coronavirus is positively or negatively affecting the prices of digital coins, it is a general opinion among the crypto experts, enthusiasts, and analysts that this infectious disease is likely to have a positive impact on the adoption of cryptocurrencies among the masses.
Exploring Positive Impact
One of the effective remedies adopted by China for stopping the spread of coronavirus, which is now being followed across the globe, is the Quarantine procedures. In fact, Chinese authorities have gone one step further and are using UV light and high-temperature mechanisms on currency notes to stop the spread of the virus. People, too, are relying more on the internet while staying away from the currency notes. This trend is likely to boost the adoption of digital coins among the larger section of the population, which, in turn, will help the prices of the Bitcoin and other digital currencies to go up and yield profitable returns for the investors.
Stablecoins: Real beneficiary
More specifically, we have witnessed an increased interest in the stablecoins after the outbreak of the coronavirus. This may be attributed to the fact that stablecoins have less price volatility than digital coins and people are more confident about their future value than Bitcoin and other digital currencies. People across the globe are patronizing stablecoins amid virus outbreak and using them for their buying or selling activities in addition to accomplishing a number of other different tasks.
Impact on Cryptocurrency Mining
One area where the impact of the coronavirus could prove to be harmful to the digital currencies is their mining operations. This is because China has around 70% share in the Bitcoin mining thanks to the availability of the cheap electricity and robust technological prowess. And now, with authorities ordering a clampdown in order to contain the spread of the virus, the mining operations have been hit adversely. Now it is quite probable that because of the constraint supply, prices of Bitcoin and other cryptocurrencies might increase, but then the extreme shortage of the digital currencies could also have the potential to backfire. The tendency of hoarding might creep in the system, which will send a wrong signal to investors and potential adopters in the long run.
Conclusion
Despite speculations around the coronavirus and its possible impact on Bitcoin and other digital currencies, experts are quite unanimous in their view that this tragedy might help the case of digital coins. Cryptocurrencies will emerge stronger and their claim to be a credible alternative to the conventional monetary system helmed by central Banks and financial institutions will be strengthened. The full impact of this virus and its impacts on socio-economic parameters will only be ascertained once experts get accurate figures, but the adoption of digital currencies will likely gain momentum due to this highly contagious virus.
Covid19 Hampers Finance, Technology & Crypto Events
Today the world is dealing with the outbreak of one of the deadliest epidemic attacks, the attack of Coronavirus. What showed its first glimpse in the Chinese district of Wuhan is now fast leaving its imprints across the global boundaries. The increasing death rate caused by COVID-19 (Coronavirus) around the world has aggravated the situation manifold times with governments struggling to ensure the safety of their citizens in the best possible manner.
Apart from the health crisis, the disease has also played an important role in negatively affecting the global economy. Business operations, trading activities, tourism, transportation, etc. have been suffering badly because of the sudden outbreak. Various global-level conferences, meetings, and seminars have been put on hold or had to be canceled because of the disruptions caused by the Coronavirus outbreak. This has given a major jolt to the finance and industrial arena. Given below is a list of the crypto conferences which had been rescheduled or canceled because of the epidemic, have a look:
The Bitcoin Reformation- Taking place in the beautiful country of Belgium, the Bitcoin Reformation conference is all set to welcome the crypto enthusiasts from different parts of the world to come and discuss the importance of decentralization, smart contracts, and virtual currencies. Owing to the corona outbreak, the event has been rescheduled to take place in the fourth quarter of 2020.
The ANON Summit- The dates of the ANON Summit have been pushed back and the event will now be happening on October 21 and October 22 in Vienna. It will be hosting a massive gathering of more than 1500 attendees and 50 renowned keynote speakers belonging to the industry.
Convergence India 2020– The 28th edition of Convergence India 2020 conference is slated to take place between July 7, 2020, to July 9, 2020, at Pragati Maidan, New Delhi. The event will bring prominent names of the technology industry under one roof who will explore the potentialities of the new-age technologies such as blockchain, 5G, smart contracts, AI, etc.
Edge Europe- Citing the Coronavirus outbreak as the prime reason, the organizers of the Edge Europe conference have shifted the venue of the event to Monaco from the earlier destination of Frankfurt. The event will now take place between June 2 to June 4.
Finnovex Middle East 2020- The Finnovex Middle East 2020 event, along with the Finnovex Awards 2020 have been rescheduled to take place on September 22 and September 23 at Conrad Dubai. The widespread risk of Coronavirus is the prime reason for the changes in the event.
Mines and Money Asia 2020- Owing to the safety concerns caused by the corona outbreak, the organizers of the Mines and Money Asia 2020 have postponed the global event. The team shall announce the new dates in the near future.
Strata Data and AI Conference- The Strata Data and AI San Jose event has been merged with the bigger New York-based Strata Data and AI conference due to corona spread. The event is slated to take place between September 14-17, 2020.
Google I/O Conference- The leading search engine platform has announced the cancellation of the annual developer conference, I/O 2020, because of the COVID-19 epidemic. Earlier, Google canceled the Cloud Next Event, which was to take place in San Francisco. The firm has also canceled the Google News Initiative Summit scheduled to take place in late April in California.
Adobe Summit- Scheduled to take place between March 29 and April 2 in Las Vegas, the Adobe Summit has been canceled by the firm citing health concerns of its employees and attendees due to Coronavirus attack. Only the event will be accessible in the online mode.
Microsoft MVP Global Summit- The event was scheduled to take place in Bellevue and Redmond, Washington, D.C, between March 15 to March 20. The corona attack has forced the organizers to cancel the event. The event will be accessible online.
Today the world is dealing with the outbreak of one of the deadliest epidemic attacks, the attack of Coronavirus. What showed its first glimpse in the Chinese district of Wuhan is now fast leaving its imprints across the global boundaries. The increasing death rate caused by COVID-19 (Coronavirus) around the world has aggravated the situation manifold times with governments struggling to ensure the safety of their citizens in the best possible manner.
Apart from the health crisis, the disease has also played an important role in negatively affecting the global economy. Business operations, trading activities, tourism, transportation, etc. have been suffering badly because of the sudden outbreak. Various global-level conferences, meetings, and seminars have been put on hold or had to be canceled because of the disruptions caused by the Coronavirus outbreak. This has given a major jolt to the finance and industrial arena. Given below is a list of the crypto conferences which had been rescheduled or canceled because of the epidemic, have a look:
The Bitcoin Reformation- Taking place in the beautiful country of Belgium, the Bitcoin Reformation conference is all set to welcome the crypto enthusiasts from different parts of the world to come and discuss the importance of decentralization, smart contracts, and virtual currencies. Owing to the corona outbreak, the event has been rescheduled to take place in the fourth quarter of 2020.
The ANON Summit- The dates of the ANON Summit have been pushed back and the event will now be happening on October 21 and October 22 in Vienna. It will be hosting a massive gathering of more than 1500 attendees and 50 renowned keynote speakers belonging to the industry.
Convergence India 2020– The 28th edition of Convergence India 2020 conference is slated to take place between July 7, 2020, to July 9, 2020, at Pragati Maidan, New Delhi. The event will bring prominent names of the technology industry under one roof who will explore the potentialities of the new-age technologies such as blockchain, 5G, smart contracts, AI, etc.
Edge Europe- Citing the Coronavirus outbreak as the prime reason, the organizers of the Edge Europe conference have shifted the venue of the event to Monaco from the earlier destination of Frankfurt. The event will now take place between June 2 to June 4.
Finnovex Middle East 2020- The Finnovex Middle East 2020 event, along with the Finnovex Awards 2020 have been rescheduled to take place on September 22 and September 23 at Conrad Dubai. The widespread risk of Coronavirus is the prime reason for the changes in the event.
Mines and Money Asia 2020- Owing to the safety concerns caused by the corona outbreak, the organizers of the Mines and Money Asia 2020 have postponed the global event. The team shall announce the new dates in the near future.
Strata Data and AI Conference- The Strata Data and AI San Jose event has been merged with the bigger New York-based Strata Data and AI conference due to corona spread. The event is slated to take place between September 14-17, 2020.
Google I/O Conference- The leading search engine platform has announced the cancellation of the annual developer conference, I/O 2020, because of the COVID-19 epidemic. Earlier, Google canceled the Cloud Next Event, which was to take place in San Francisco. The firm has also canceled the Google News Initiative Summit scheduled to take place in late April in California.
Adobe Summit- Scheduled to take place between March 29 and April 2 in Las Vegas, the Adobe Summit has been canceled by the firm citing health concerns of its employees and attendees due to Coronavirus attack. Only the event will be accessible in the online mode.
Microsoft MVP Global Summit- The event was scheduled to take place in Bellevue and Redmond, Washington, D.C, between March 15 to March 20. The corona attack has forced the organizers to cancel the event. The event will be accessible online.
A Detailed Analysis of Coronacoin and Its Role in Battling Coronavirus
Where on January 1, 2020, the world entered a new decade with promising hopes, aspirations, and happiness, presently it is reeling under the plight of the deadly Coronavirus, which has created havoc across the globe. Wuhan, a Chinese province, was the first region to experience the attack of Coronavirus with the death toll reaching an all-time high within a few weeks of the outbreak. Slowly and gradually, countries from around the world found citizens suffering from severe disease. In no time, it was addressed as an epidemic enveloping nearly 43 nations and territories in its clasp. The reports stated that the global corona infections recorded stood tall at a figure of 81,278 people with a whopping 2,770 recorded deaths.
The unfavorable coronavirus outbreak has taken a major toll on the global economic scenario, with business operations getting halted on a worldwide scale. Border closures, large-scale quarantines, stock market crashes, trade stoppage, etc. are some of the significant outcomes of the corona attack. Interestingly, governments and people from around the world have shown a great deed of support for Wuhan as well as other affected regions by supplying healthcare tools, medicines, instruments, etc. The cryptocurrency industry has been quite active in lending the necessary support to the recovery initiatives carried upon around the world. This need for helping the society led to the formation of a revolutionary crypto token named Coronacoin.
About Coronacoin
Taking pride being one of the most radical, valuable, and efficient additions to the crypto world, the Coronacoin is a one-of-a-kind currency that has the potential to leverage the relief operations fruitfully. The ERC-20 token stores coronavirus infections and deaths on the blockchain network with a token burn. Based on the statistics released by the World Health Organization, Coronacoin is the first-ever currency to be backed by the proof of death (PoD). About 20% of the tokens have been reserved for making donations to the Red Cross for their relief operations around the world. The Coronacoin team chose the Ethereum network owing to its popularity amongst the DApp developers and crypto enthusiasts.
Important Features Of Coronacoins
There exists a fixed number of Coronacoins in the world, i.e., 7,604,953,650, the figure which is equal to the world population at the time of minting the tokens.
The ticker symbol for the Coronacoin is $nCoV, which is quite similar to the virus name.
As and when the number of patients suffering from the Coronavirus or the death rate will move upwards, the number of tokens shall be manually burned every 48 hours. This implies that for every one infection/death, one Coronacoin shall be burned.
Coronacoins are deflationary in nature and their number will continue to fall over time while eventually giving the currency a momentum in its value.
The overall supply of the token is non-mintable, which indicates that no new set of Coronacoins can ever be created in the future.
As the data related to the deaths and infections are recorded on the blockchain, it enables data to enter authoritarian countries uncensored. This helps people to get complete information about the virus, giving them a chance to prepare themselves accordingly.
The dedicated team of professionals working behind the Coronacoin is striving to come up with decentralized applications that will be integrated with the token. Efforts are being made to create more awareness about the project. Apart from the DApp, the team is likely to unveil an educational strategy game that will employ the player’s public keys for player attributes in the near future.
Where on January 1, 2020, the world entered a new decade with promising hopes, aspirations, and happiness, presently it is reeling under the plight of the deadly Coronavirus, which has created havoc across the globe. Wuhan, a Chinese province, was the first region to experience the attack of Coronavirus with the death toll reaching an all-time high within a few weeks of the outbreak. Slowly and gradually, countries from around the world found citizens suffering from severe disease. In no time, it was addressed as an epidemic enveloping nearly 43 nations and territories in its clasp. The reports stated that the global corona infections recorded stood tall at a figure of 81,278 people with a whopping 2,770 recorded deaths.
The unfavorable coronavirus outbreak has taken a major toll on the global economic scenario, with business operations getting halted on a worldwide scale. Border closures, large-scale quarantines, stock market crashes, trade stoppage, etc. are some of the significant outcomes of the corona attack. Interestingly, governments and people from around the world have shown a great deed of support for Wuhan as well as other affected regions by supplying healthcare tools, medicines, instruments, etc. The cryptocurrency industry has been quite active in lending the necessary support to the recovery initiatives carried upon around the world. This need for helping the society led to the formation of a revolutionary crypto token named Coronacoin.
About Coronacoin
Taking pride being one of the most radical, valuable, and efficient additions to the crypto world, the Coronacoin is a one-of-a-kind currency that has the potential to leverage the relief operations fruitfully. The ERC-20 token stores coronavirus infections and deaths on the blockchain network with a token burn. Based on the statistics released by the World Health Organization, Coronacoin is the first-ever currency to be backed by the proof of death (PoD). About 20% of the tokens have been reserved for making donations to the Red Cross for their relief operations around the world. The Coronacoin team chose the Ethereum network owing to its popularity amongst the DApp developers and crypto enthusiasts.
Important Features Of Coronacoins
There exists a fixed number of Coronacoins in the world, i.e., 7,604,953,650, the figure which is equal to the world population at the time of minting the tokens.
The ticker symbol for the Coronacoin is $nCoV, which is quite similar to the virus name.
As and when the number of patients suffering from the Coronavirus or the death rate will move upwards, the number of tokens shall be manually burned every 48 hours. This implies that for every one infection/death, one Coronacoin shall be burned.
Coronacoins are deflationary in nature and their number will continue to fall over time while eventually giving the currency a momentum in its value.
The overall supply of the token is non-mintable, which indicates that no new set of Coronacoins can ever be created in the future.
As the data related to the deaths and infections are recorded on the blockchain, it enables data to enter authoritarian countries uncensored. This helps people to get complete information about the virus, giving them a chance to prepare themselves accordingly.
The dedicated team of professionals working behind the Coronacoin is striving to come up with decentralized applications that will be integrated with the token. Efforts are being made to create more awareness about the project. Apart from the DApp, the team is likely to unveil an educational strategy game that will employ the player’s public keys for player attributes in the near future.
F2Pool – Leading Mining Pool for Bitcoin, Ethereum and Cryptocurrencies
F2Pool can be described as the world’s leading cryptocurrency mining pool for several leading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. F2Pool is the oldest mining pool and is based in China; presently it is the largest multi-currency mining pool around the world. F2Pool mines around 17% of all the blocks. F2Pool serves more than 100 countries and it is ranked as top 3 mining pool operator by more than 20 networks. They have played an important part in securing the blockchain infrastructure and educating the global community concerning cryptocurrency mining.
F2Pool Features
F2Pool is popularly known as Discus fish, a Chinese mining pool that permits users to mine LTC, BTC, ETH, ZEC, SC, ETC, XMR, DASH, XMC, XMR, XZC, DCR and XVG.
By using F2Pool, users can mine NMC (Namecoin) + SYS (Syscoin) for Bitcoin mining and Dogecoin (DOGE) for mining LTC.
F2Pool was founded in 2013, and it is one of the earliest mining pools which had established itself as one of the pioneers in the mining industry.
F2Pool supports mining for over 40 digital currencies; and is the world’s biggest mining pool for LTC, BTC, ZEC, and ETH.
F2Pool uses world-leading technology, a transparent revenue system, and unique architecture which helps in effectively preventing DDoS (Distributed Denial of Service) attacks.
F2Pool in 2014, was available not only for mining Bitcoin but also for several other popular altcoins. This project was initiated by the Chinese investor which is currently headquartered in China.
F2Pool – The Recent News
Launched Handshake (HNS) Mining Pool
Handshake, a 10.2 million dollar decentralized domain name project, is supported by popular investors which include Sequoia Capital, SV Angel, and Andreessen Horowitz. The handshake can be described as a permissionless, decentralized naming protocol where every counterpart validates and takes charge of managing the root DNS naming zone; with the end goal of developing an alternative to the present naming systems and certificate authorities.
KDA (Kadena) was officially launched in F2Pool
On 5th February, KDA (Kadena) was officially launched in the F2Pool. KDA is a public blockchain with the high-performance PoW (Proof-of-work) system that includes the benefits of ChainWeb technology. Moreover, the KDA platform integrates private blockchains, public apps and several other well-matched blockchains in one place. Furthermore, KDA is a token that is utilized as compensation for miners. It is a fee that the user pays for adding the transactions in the block.
Wrap up
F2 is a leading mining pool, has an association of miners, where every miner contributes to the power of the computer to detect the blocks. There are more than 2 million users active in the pool, where 50% are Chinese users. Also, the reward for mining is that the users will get a reward of 3% for using the F2Pool. Succinctly, this is the exclusive pool operating for P2P payments. The withdrawal fees in the F2Pool do not go beyond 4% and it also pays daily, which are subsequently sent to F2Pool’s wallet
F2Pool can be described as the world’s leading cryptocurrency mining pool for several leading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. F2Pool is the oldest mining pool and is based in China; presently it is the largest multi-currency mining pool around the world. F2Pool mines around 17% of all the blocks. F2Pool serves more than 100 countries and it is ranked as top 3 mining pool operator by more than 20 networks. They have played an important part in securing the blockchain infrastructure and educating the global community concerning cryptocurrency mining.
F2Pool Features
F2Pool is popularly known as Discus fish, a Chinese mining pool that permits users to mine LTC, BTC, ETH, ZEC, SC, ETC, XMR, DASH, XMC, XMR, XZC, DCR and XVG.
By using F2Pool, users can mine NMC (Namecoin) + SYS (Syscoin) for Bitcoin mining and Dogecoin (DOGE) for mining LTC.
F2Pool was founded in 2013, and it is one of the earliest mining pools which had established itself as one of the pioneers in the mining industry.
F2Pool supports mining for over 40 digital currencies; and is the world’s biggest mining pool for LTC, BTC, ZEC, and ETH.
F2Pool uses world-leading technology, a transparent revenue system, and unique architecture which helps in effectively preventing DDoS (Distributed Denial of Service) attacks.
F2Pool in 2014, was available not only for mining Bitcoin but also for several other popular altcoins. This project was initiated by the Chinese investor which is currently headquartered in China.
F2Pool – The Recent News
Launched Handshake (HNS) Mining Pool
Handshake, a 10.2 million dollar decentralized domain name project, is supported by popular investors which include Sequoia Capital, SV Angel, and Andreessen Horowitz. The handshake can be described as a permissionless, decentralized naming protocol where every counterpart validates and takes charge of managing the root DNS naming zone; with the end goal of developing an alternative to the present naming systems and certificate authorities.
KDA (Kadena) was officially launched in F2Pool
On 5th February, KDA (Kadena) was officially launched in the F2Pool. KDA is a public blockchain with the high-performance PoW (Proof-of-work) system that includes the benefits of ChainWeb technology. Moreover, the KDA platform integrates private blockchains, public apps and several other well-matched blockchains in one place. Furthermore, KDA is a token that is utilized as compensation for miners. It is a fee that the user pays for adding the transactions in the block.
Wrap up
F2 is a leading mining pool, has an association of miners, where every miner contributes to the power of the computer to detect the blocks. There are more than 2 million users active in the pool, where 50% are Chinese users. Also, the reward for mining is that the users will get a reward of 3% for using the F2Pool. Succinctly, this is the exclusive pool operating for P2P payments. The withdrawal fees in the F2Pool do not go beyond 4% and it also pays daily, which are subsequently sent to F2Pool’s wallet
Crypto Advocate Kashif Raza Highlights Need to Safeguard Newcomers’ Interests
The crypto market witnessed a catastrophic loss two days back which led to creating a massive loss for the investors. Bitcoin came down by 29.71% overnight. It traded at $7967 dollars on March 11, 2020, and the next day the price witnessed a downfall at $5600. Amidst this, the king of crypto even visited a bottom around $3800, which marked a 50% regression in less than 24 hours resulting in an epic sell-off.
Regular investors in many of the world’s financial markets are panicking to sell everything as they fear the market uncertainty.
On the lines of “Safeguarding Newcomer Interests,” the Indian crypto regulatory news and analysis platform Crypto Kanoon tweeted a video featuring their Co-Founder, Kashif Raza talking about how the market crash has affected the newcomers of the crypto market.
Why is it Needed to Safeguard Newcomers’ Interest?
As per Kashif Raza, in the absence of any regulation, the users of cryptocurrency share the responsibility to safeguard the interests of newbies. It is time to find out innovative ways to do it.
There has been a surge of new investors after the Supreme Court of India lifted the ban on crypto trading. Several crypto enthusiasts from India have been excited to make investments. The crypto market has recently witnessed a crash and it is speculated that it is a historic one.
Ever since crypto trading was legalized in India, a lot of new registrations have taken place on different cryptocurrency exchange platforms. It can’t be denied that it is a good move by the citizens as they are opening up to new technological advancements. But, what about market awareness? How much do novice investors know about it? How prepared are they to witness a crash?
The excitement people have to make investments in Bitcoin is justified. But on the whole, as responsible citizens and also experienced investors we have to make certain regulations on how and to what extent one must invest in crypto, based on the current market status. This is to ensure that the newcomers do not suffer excessive losses.
Indians Might Not Encourage Each Other to Invest in Crypto! Here’s Why.
On talking about how the market crash can discourage people to invest in crypto, Raza seems to be worried about the losses new investors are suffering from. It’s quite evident that the investment made in crypto is not a matter of doing things just like that. Experiencing a massive market crash just days after they ventured into the crypto world, can indeed be heartbreaking.
Now the case is, would someone recommend investing in crypto at a time when they themselves are experiencing massive losses. This downfall in the crypto market can lead to a lot of people being disinterested to make digital currency a priority. Leading to the discouragement of the crypto market.
What Can We Do?
On talking about the same, Raza stated that there are multiple ways how this can be solved. In the absence of a central authority, it is obvious that blockchain technology will not have an authorized regulation that is to be followed strictly before making any transactions.
Raza believes that exchange platforms should come up with some stringent norms to be followed before investors initiate trading on their platform. For instance, making it mandatory to read the risk modules before investing. Moreover, limiting the investment amount for the newcomers for a particular time period (until they are completely aware of the crypto trading space) can be another good alternative.
The crypto market witnessed a catastrophic loss two days back which led to creating a massive loss for the investors. Bitcoin came down by 29.71% overnight. It traded at $7967 dollars on March 11, 2020, and the next day the price witnessed a downfall at $5600. Amidst this, the king of crypto even visited a bottom around $3800, which marked a 50% regression in less than 24 hours resulting in an epic sell-off.
Regular investors in many of the world’s financial markets are panicking to sell everything as they fear the market uncertainty.
On the lines of “Safeguarding Newcomer Interests,” the Indian crypto regulatory news and analysis platform Crypto Kanoon tweeted a video featuring their Co-Founder, Kashif Raza talking about how the market crash has affected the newcomers of the crypto market.
Why is it Needed to Safeguard Newcomers’ Interest?
As per Kashif Raza, in the absence of any regulation, the users of cryptocurrency share the responsibility to safeguard the interests of newbies. It is time to find out innovative ways to do it.
There has been a surge of new investors after the Supreme Court of India lifted the ban on crypto trading. Several crypto enthusiasts from India have been excited to make investments. The crypto market has recently witnessed a crash and it is speculated that it is a historic one.
Ever since crypto trading was legalized in India, a lot of new registrations have taken place on different cryptocurrency exchange platforms. It can’t be denied that it is a good move by the citizens as they are opening up to new technological advancements. But, what about market awareness? How much do novice investors know about it? How prepared are they to witness a crash?
The excitement people have to make investments in Bitcoin is justified. But on the whole, as responsible citizens and also experienced investors we have to make certain regulations on how and to what extent one must invest in crypto, based on the current market status. This is to ensure that the newcomers do not suffer excessive losses.
Indians Might Not Encourage Each Other to Invest in Crypto! Here’s Why.
On talking about how the market crash can discourage people to invest in crypto, Raza seems to be worried about the losses new investors are suffering from. It’s quite evident that the investment made in crypto is not a matter of doing things just like that. Experiencing a massive market crash just days after they ventured into the crypto world, can indeed be heartbreaking.
Now the case is, would someone recommend investing in crypto at a time when they themselves are experiencing massive losses. This downfall in the crypto market can lead to a lot of people being disinterested to make digital currency a priority. Leading to the discouragement of the crypto market.
What Can We Do?
On talking about the same, Raza stated that there are multiple ways how this can be solved. In the absence of a central authority, it is obvious that blockchain technology will not have an authorized regulation that is to be followed strictly before making any transactions.
Raza believes that exchange platforms should come up with some stringent norms to be followed before investors initiate trading on their platform. For instance, making it mandatory to read the risk modules before investing. Moreover, limiting the investment amount for the newcomers for a particular time period (until they are completely aware of the crypto trading space) can be another good alternative.
John McAfee Says Coronavirus Could Be a Conspiracy by World Superpowers
Computer scientist John McAfee is known for speaking his mind with holding back, which has also landed him in trouble on several occasions. However, he continues to share his opinions without any filters, and he has done exactly that about the latest pandemic Coronavirus.
While the world is finding ways to fight this fatal disease that has already claimed more than 6,500 lives at the time of writing this article, McAfee feels that there’s a deep conspiracy behind COVID19, orchestrated by the US, China, Russia, and Europe, in order to impose totalitarian laws on their populace. He shared a video via Twitter on Monday, in which he can be seen discussing the alleged conspiracy behind the outbreak of Coronavirus.
Coronavirus is now spread across more than 150 countries, and the scale just doesn’t seem to stop. However, the McAfeeDEX founder thinks that it is an overhyped disease, which is being misused by the global superpowers to increase censorship and control movement of people. He said,
“Governments unilaterally are restricting freedom of movement, restricting assembly, imposing draconian rules on where you can go and not go. And why? You can go to the doctor if you’re sick, but not if you’re not sick. Restaurants are closed almost everywhere so they can’t go to a ballgame. This seems like a totalitarian takeover.”
In the subsequent video, McAfee states that there’s a possibility that the governments may have collaborated to exaggerate the severity of the Coronavirus so that they can implement draconian legislations. He further added that there’s also a possibility that China, US, Russia, and Europe might have come together to spread the fear of the virus, while it could also be a case where the Chinese want to topple the western world economies through the spread of the virus.
Last week, McAfee had alleged that there was a Sino-US conspiracy behind Coronavirus.
Computer scientist John McAfee is known for speaking his mind with holding back, which has also landed him in trouble on several occasions. However, he continues to share his opinions without any filters, and he has done exactly that about the latest pandemic Coronavirus.
While the world is finding ways to fight this fatal disease that has already claimed more than 6,500 lives at the time of writing this article, McAfee feels that there’s a deep conspiracy behind COVID19, orchestrated by the US, China, Russia, and Europe, in order to impose totalitarian laws on their populace. He shared a video via Twitter on Monday, in which he can be seen discussing the alleged conspiracy behind the outbreak of Coronavirus.
Coronavirus is now spread across more than 150 countries, and the scale just doesn’t seem to stop. However, the McAfeeDEX founder thinks that it is an overhyped disease, which is being misused by the global superpowers to increase censorship and control movement of people. He said,
“Governments unilaterally are restricting freedom of movement, restricting assembly, imposing draconian rules on where you can go and not go. And why? You can go to the doctor if you’re sick, but not if you’re not sick. Restaurants are closed almost everywhere so they can’t go to a ballgame. This seems like a totalitarian takeover.”
In the subsequent video, McAfee states that there’s a possibility that the governments may have collaborated to exaggerate the severity of the Coronavirus so that they can implement draconian legislations. He further added that there’s also a possibility that China, US, Russia, and Europe might have come together to spread the fear of the virus, while it could also be a case where the Chinese want to topple the western world economies through the spread of the virus.
Last week, McAfee had alleged that there was a Sino-US conspiracy behind Coronavirus.
Coronavirus Threat Shoots Up Sales for Hand Sanitizer Startups
As we stepped into a new decade this January 2020, a new health challenge, the Coronavirus enveloped the world by spreading its tentacles at a rapid rate. The traces of the epidemic were first discovered in one of China’s prominent districts, Wuhan, where it created havoc with death tolls skyrocketing at rates like never before. Presently, all the major countries and regions around the world are being affected by the coronavirus attack and the number of patients suffering from the virus continues to increase at a fast pace. Governments and social organizations worldwide are putting in their joint efforts to curb the consequences of the disease by launching relief operations on a large scale. Special measures are being taken by the organizations to educate people about the necessary precautions to be taken to protect themselves from coming under the plight of the disease.
Not just health hazards, the coronavirus epidemic has caused a significant downfall in the global economy as well, with business entities being compelled to halt their operations to ensure the safety of their employees. Industries such as airlines, tourism, manufacturing units, IT, etc. have suffered a major setback because of the corona outbreak. Contrary to this, the threatening situation created by corona has turned amazingly productive for the healthcare industries. The reports reveal that in the past few weeks, the firms dealing in masks, sanitizers, disinfectants have been enjoying pathbreaking sales on a global scale.
According to the report published by a U.K-based market research firm, Kantar, the sales of hand sanitizers have witnessed a whopping 255% surge in February 2020. In comparison to 2019, Britishers were found purchasing 7% more liquid hand soaps and 10% more on household cleaning solutions. The sales in Malaysia have touched the mark of 1 million Malaysian ringgit during the week that ended on January 26. The figures are 800% more than what the country spends on hand sanitizers in an average week. The sales in Italy and the U.S have also been on the rise with countries recording a surge of 29% and 1,400%, respectively, ever since the corona outbreak. Italy recorded 2,041 cases of Coronavirus, with 52 confirmed deaths.
The escalating sales have forced firms to set a limit on the number of hand sanitizers that can be purchased by an individual. The same has been implemented by the British drug store, Boots that has set a limit of two hand sanitizers per purchase across its multiple stores. H-E-B, a Texas-based grocery chain, has limited the customer purchase of hand sanitizers to four per purchase. The pathbreaking demand has led to the selling out of stocks at Amazon, Walmart, and Walgreens, etc. This has created an upsetting situation as some third-party sellers are inflating the prices of the hand sanitizers on e-marketplaces.
Surprisingly, the growing threat of Coronavirus has made the U.S people hoard stocks of cleaning products, disinfectants, and hand sanitizers to an unbelievable extent. The piling up of hand sanitizers by the people has created unrest in the market space with shortages popping up around the world while creating major concerns for companies to meet up the required global demands. Recently, eBay was forced to ban sales for hand sanitizers, disinfecting wipes, and surgical wipes from the U.S residents. The step has been taken by eBay to counter the price gouging, which has been on the rise in the past few weeks amongst the people who are desperate to stock things to protect their family members from the corona attack. The sellers were instructed not to make new listings for the N95 masks, N100 masks, disinfectant wipes, and hand sanitizers.
As we stepped into a new decade this January 2020, a new health challenge, the Coronavirus enveloped the world by spreading its tentacles at a rapid rate. The traces of the epidemic were first discovered in one of China’s prominent districts, Wuhan, where it created havoc with death tolls skyrocketing at rates like never before. Presently, all the major countries and regions around the world are being affected by the coronavirus attack and the number of patients suffering from the virus continues to increase at a fast pace. Governments and social organizations worldwide are putting in their joint efforts to curb the consequences of the disease by launching relief operations on a large scale. Special measures are being taken by the organizations to educate people about the necessary precautions to be taken to protect themselves from coming under the plight of the disease.
Not just health hazards, the coronavirus epidemic has caused a significant downfall in the global economy as well, with business entities being compelled to halt their operations to ensure the safety of their employees. Industries such as airlines, tourism, manufacturing units, IT, etc. have suffered a major setback because of the corona outbreak. Contrary to this, the threatening situation created by corona has turned amazingly productive for the healthcare industries. The reports reveal that in the past few weeks, the firms dealing in masks, sanitizers, disinfectants have been enjoying pathbreaking sales on a global scale.
According to the report published by a U.K-based market research firm, Kantar, the sales of hand sanitizers have witnessed a whopping 255% surge in February 2020. In comparison to 2019, Britishers were found purchasing 7% more liquid hand soaps and 10% more on household cleaning solutions. The sales in Malaysia have touched the mark of 1 million Malaysian ringgit during the week that ended on January 26. The figures are 800% more than what the country spends on hand sanitizers in an average week. The sales in Italy and the U.S have also been on the rise with countries recording a surge of 29% and 1,400%, respectively, ever since the corona outbreak. Italy recorded 2,041 cases of Coronavirus, with 52 confirmed deaths.
The escalating sales have forced firms to set a limit on the number of hand sanitizers that can be purchased by an individual. The same has been implemented by the British drug store, Boots that has set a limit of two hand sanitizers per purchase across its multiple stores. H-E-B, a Texas-based grocery chain, has limited the customer purchase of hand sanitizers to four per purchase. The pathbreaking demand has led to the selling out of stocks at Amazon, Walmart, and Walgreens, etc. This has created an upsetting situation as some third-party sellers are inflating the prices of the hand sanitizers on e-marketplaces.
Surprisingly, the growing threat of Coronavirus has made the U.S people hoard stocks of cleaning products, disinfectants, and hand sanitizers to an unbelievable extent. The piling up of hand sanitizers by the people has created unrest in the market space with shortages popping up around the world while creating major concerns for companies to meet up the required global demands. Recently, eBay was forced to ban sales for hand sanitizers, disinfecting wipes, and surgical wipes from the U.S residents. The step has been taken by eBay to counter the price gouging, which has been on the rise in the past few weeks amongst the people who are desperate to stock things to protect their family members from the corona attack. The sellers were instructed not to make new listings for the N95 masks, N100 masks, disinfectant wipes, and hand sanitizers.
John McAfee Says Coronavirus Could Be a Conspiracy by World Superpowers
Computer scientist John McAfee is known for speaking his mind with holding back, which has also landed him in trouble on several occasions. However, he continues to share his opinions without any filters, and he has done exactly that about the latest pandemic Coronavirus.
While the world is finding ways to fight this fatal disease that has already claimed more than 6,500 lives at the time of writing this article, McAfee feels that there’s a deep conspiracy behind COVID19, orchestrated by the US, China, Russia, and Europe, in order to impose totalitarian laws on their populace. He shared a video via Twitter on Monday, in which he can be seen discussing the alleged conspiracy behind the outbreak of Coronavirus.
Coronavirus is now spread across more than 150 countries, and the scale just doesn’t seem to stop. However, the McAfeeDEX founder thinks that it is an overhyped disease, which is being misused by the global superpowers to increase censorship and control movement of people. He said,
“Governments unilaterally are restricting freedom of movement, restricting assembly, imposing draconian rules on where you can go and not go. And why? You can go to the doctor if you’re sick, but not if you’re not sick. Restaurants are closed almost everywhere so they can’t go to a ballgame. This seems like a totalitarian takeover.”
In the subsequent video, McAfee states that there’s a possibility that the governments may have collaborated to exaggerate the severity of the Coronavirus so that they can implement draconian legislations. He further added that there’s also a possibility that China, US, Russia, and Europe might have come together to spread the fear of the virus, while it could also be a case where the Chinese want to topple the western world economies through the spread of the virus.
Last week, McAfee had alleged that there was a Sino-US conspiracy behind Coronavirus.
Computer scientist John McAfee is known for speaking his mind with holding back, which has also landed him in trouble on several occasions. However, he continues to share his opinions without any filters, and he has done exactly that about the latest pandemic Coronavirus.
While the world is finding ways to fight this fatal disease that has already claimed more than 6,500 lives at the time of writing this article, McAfee feels that there’s a deep conspiracy behind COVID19, orchestrated by the US, China, Russia, and Europe, in order to impose totalitarian laws on their populace. He shared a video via Twitter on Monday, in which he can be seen discussing the alleged conspiracy behind the outbreak of Coronavirus.
Coronavirus is now spread across more than 150 countries, and the scale just doesn’t seem to stop. However, the McAfeeDEX founder thinks that it is an overhyped disease, which is being misused by the global superpowers to increase censorship and control movement of people. He said,
“Governments unilaterally are restricting freedom of movement, restricting assembly, imposing draconian rules on where you can go and not go. And why? You can go to the doctor if you’re sick, but not if you’re not sick. Restaurants are closed almost everywhere so they can’t go to a ballgame. This seems like a totalitarian takeover.”
In the subsequent video, McAfee states that there’s a possibility that the governments may have collaborated to exaggerate the severity of the Coronavirus so that they can implement draconian legislations. He further added that there’s also a possibility that China, US, Russia, and Europe might have come together to spread the fear of the virus, while it could also be a case where the Chinese want to topple the western world economies through the spread of the virus.
Last week, McAfee had alleged that there was a Sino-US conspiracy behind Coronavirus.
Coronavirus Threat Shoots Up Sales for Hand Sanitizer Startups
As we stepped into a new decade this January 2020, a new health challenge, the Coronavirus enveloped the world by spreading its tentacles at a rapid rate. The traces of the epidemic were first discovered in one of China’s prominent districts, Wuhan, where it created havoc with death tolls skyrocketing at rates like never before. Presently, all the major countries and regions around the world are being affected by the coronavirus attack and the number of patients suffering from the virus continues to increase at a fast pace. Governments and social organizations worldwide are putting in their joint efforts to curb the consequences of the disease by launching relief operations on a large scale. Special measures are being taken by the organizations to educate people about the necessary precautions to be taken to protect themselves from coming under the plight of the disease.
Not just health hazards, the coronavirus epidemic has caused a significant downfall in the global economy as well, with business entities being compelled to halt their operations to ensure the safety of their employees. Industries such as airlines, tourism, manufacturing units, IT, etc. have suffered a major setback because of the corona outbreak. Contrary to this, the threatening situation created by corona has turned amazingly productive for the healthcare industries. The reports reveal that in the past few weeks, the firms dealing in masks, sanitizers, disinfectants have been enjoying pathbreaking sales on a global scale.
According to the report published by a U.K-based market research firm, Kantar, the sales of hand sanitizers have witnessed a whopping 255% surge in February 2020. In comparison to 2019, Britishers were found purchasing 7% more liquid hand soaps and 10% more on household cleaning solutions. The sales in Malaysia have touched the mark of 1 million Malaysian ringgit during the week that ended on January 26. The figures are 800% more than what the country spends on hand sanitizers in an average week. The sales in Italy and the U.S have also been on the rise with countries recording a surge of 29% and 1,400%, respectively, ever since the corona outbreak. Italy recorded 2,041 cases of Coronavirus, with 52 confirmed deaths.
The escalating sales have forced firms to set a limit on the number of hand sanitizers that can be purchased by an individual. The same has been implemented by the British drug store, Boots that has set a limit of two hand sanitizers per purchase across its multiple stores. H-E-B, a Texas-based grocery chain, has limited the customer purchase of hand sanitizers to four per purchase. The pathbreaking demand has led to the selling out of stocks at Amazon, Walmart, and Walgreens, etc. This has created an upsetting situation as some third-party sellers are inflating the prices of the hand sanitizers on e-marketplaces.
Surprisingly, the growing threat of Coronavirus has made the U.S people hoard stocks of cleaning products, disinfectants, and hand sanitizers to an unbelievable extent. The piling up of hand sanitizers by the people has created unrest in the market space with shortages popping up around the world while creating major concerns for companies to meet up the required global demands. Recently, eBay was forced to ban sales for hand sanitizers, disinfecting wipes, and surgical wipes from the U.S residents. The step has been taken by eBay to counter the price gouging, which has been on the rise in the past few weeks amongst the people who are desperate to stock things to protect their family members from the corona attack. The sellers were instructed not to make new listings for the N95 masks, N100 masks, disinfectant wipes, and hand sanitizers.
As we stepped into a new decade this January 2020, a new health challenge, the Coronavirus enveloped the world by spreading its tentacles at a rapid rate. The traces of the epidemic were first discovered in one of China’s prominent districts, Wuhan, where it created havoc with death tolls skyrocketing at rates like never before. Presently, all the major countries and regions around the world are being affected by the coronavirus attack and the number of patients suffering from the virus continues to increase at a fast pace. Governments and social organizations worldwide are putting in their joint efforts to curb the consequences of the disease by launching relief operations on a large scale. Special measures are being taken by the organizations to educate people about the necessary precautions to be taken to protect themselves from coming under the plight of the disease.
Not just health hazards, the coronavirus epidemic has caused a significant downfall in the global economy as well, with business entities being compelled to halt their operations to ensure the safety of their employees. Industries such as airlines, tourism, manufacturing units, IT, etc. have suffered a major setback because of the corona outbreak. Contrary to this, the threatening situation created by corona has turned amazingly productive for the healthcare industries. The reports reveal that in the past few weeks, the firms dealing in masks, sanitizers, disinfectants have been enjoying pathbreaking sales on a global scale.
According to the report published by a U.K-based market research firm, Kantar, the sales of hand sanitizers have witnessed a whopping 255% surge in February 2020. In comparison to 2019, Britishers were found purchasing 7% more liquid hand soaps and 10% more on household cleaning solutions. The sales in Malaysia have touched the mark of 1 million Malaysian ringgit during the week that ended on January 26. The figures are 800% more than what the country spends on hand sanitizers in an average week. The sales in Italy and the U.S have also been on the rise with countries recording a surge of 29% and 1,400%, respectively, ever since the corona outbreak. Italy recorded 2,041 cases of Coronavirus, with 52 confirmed deaths.
The escalating sales have forced firms to set a limit on the number of hand sanitizers that can be purchased by an individual. The same has been implemented by the British drug store, Boots that has set a limit of two hand sanitizers per purchase across its multiple stores. H-E-B, a Texas-based grocery chain, has limited the customer purchase of hand sanitizers to four per purchase. The pathbreaking demand has led to the selling out of stocks at Amazon, Walmart, and Walgreens, etc. This has created an upsetting situation as some third-party sellers are inflating the prices of the hand sanitizers on e-marketplaces.
Surprisingly, the growing threat of Coronavirus has made the U.S people hoard stocks of cleaning products, disinfectants, and hand sanitizers to an unbelievable extent. The piling up of hand sanitizers by the people has created unrest in the market space with shortages popping up around the world while creating major concerns for companies to meet up the required global demands. Recently, eBay was forced to ban sales for hand sanitizers, disinfecting wipes, and surgical wipes from the U.S residents. The step has been taken by eBay to counter the price gouging, which has been on the rise in the past few weeks amongst the people who are desperate to stock things to protect their family members from the corona attack. The sellers were instructed not to make new listings for the N95 masks, N100 masks, disinfectant wipes, and hand sanitizers.
Vitalik Buterin Shares ETH2 Roadmap for Next 5-10 Years
Ethereum creator and chief, Vitalik Buterin, shared an infographic roadmap on Wednesday via Twitter, which indicates what the future could be for ETH2 in the next 5-10 years. However, he stated that the roadmap is a reflection of his own views and others may have an altogether different perspective.
When the entire crypto industry is bleeding due to the impact of the Coronavirus outbreak in at least 176 countries, Buterin’s tweet is almost like a reminder that no matter what, the industry must focus on the future development. Challenges like the current BTC crash of 50% will come and go, but only those projects that have a formidable plan and a strong core will survive through the testing times.
In a couple of his tweets in the thread, Vitalik Buterin said,
“In general, over the last 2 years there has been a solid shift from “blue sky” research, trying to understand what is possible, to concrete research and development, trying to optimize specific primitives that we know are implementable and implement them. We know much more about the capabilities and limits of proof of stake, security models of sharding, etc. Thanks to the hard work of many, moon math like ZK-SNARKs is looking increasingly down-to-earth.”
Despite other major names in the industry like Changpeng Zhao, Brad Garlinghouse, Justin Sun, Anthony Pompliano, etc., have expressed their concerns over the COVID-19 outbreak and its potential impact in the crypto industry and human life in general, Vitalik Buterin has been quite understated in this regard, a characteristic which is quite apparent in his behavior at all times.
Putting forward a complex infographic for the community to analyze will definitely give a much-needed break to the users to try and focus on something while they continue to remain indoors to prevent the spread of novel Coronavirus. In his thread, Buterin also assured that the ETH2 project would be considerably less complex, as many changes are directed towards reducing complexity.
Ethereum creator and chief, Vitalik Buterin, shared an infographic roadmap on Wednesday via Twitter, which indicates what the future could be for ETH2 in the next 5-10 years. However, he stated that the roadmap is a reflection of his own views and others may have an altogether different perspective.
When the entire crypto industry is bleeding due to the impact of the Coronavirus outbreak in at least 176 countries, Buterin’s tweet is almost like a reminder that no matter what, the industry must focus on the future development. Challenges like the current BTC crash of 50% will come and go, but only those projects that have a formidable plan and a strong core will survive through the testing times.
In a couple of his tweets in the thread, Vitalik Buterin said,
“In general, over the last 2 years there has been a solid shift from “blue sky” research, trying to understand what is possible, to concrete research and development, trying to optimize specific primitives that we know are implementable and implement them. We know much more about the capabilities and limits of proof of stake, security models of sharding, etc. Thanks to the hard work of many, moon math like ZK-SNARKs is looking increasingly down-to-earth.”
Despite other major names in the industry like Changpeng Zhao, Brad Garlinghouse, Justin Sun, Anthony Pompliano, etc., have expressed their concerns over the COVID-19 outbreak and its potential impact in the crypto industry and human life in general, Vitalik Buterin has been quite understated in this regard, a characteristic which is quite apparent in his behavior at all times.
Putting forward a complex infographic for the community to analyze will definitely give a much-needed break to the users to try and focus on something while they continue to remain indoors to prevent the spread of novel Coronavirus. In his thread, Buterin also assured that the ETH2 project would be considerably less complex, as many changes are directed towards reducing complexity.
USDC Crosses $600 Million In Market Capitalization; Work as Collateral For MakerDAO
Working as a globally acclaimed fully collateralized US dollar stablecoin, USDC has achieved two celebratory milestones for its global customer base. Firstly, the renowned stablecoin project has crossed the whopping mark of $600 million in market capitalization. Secondly, USDC has been adopted by MakerDAO to work as an alternative form of collateral, which implies that the investors will now be allowed to use the stablecoin for opening Vaults to generate DAI.
According to the reports, on March 16, 2020, the MKR governance token holders indulged in voting to pass the proposal concerning the addition of USDC as collateral in the network. The positive results shown in the voting procedure were directly linked to the recent events related to the DeFi application MakerDAO. The sharp fall of ETH from $194 to $124 in a short span of hours created a surprising situation leading to the liquidation of over $4MM CDP positions. The move is likely to trigger a surge in DAI liquidity and stability.
Launched in 2018, USDC is a brainchild of CENTRE Consortium, which serves as an open-source technology project co-founded by Coinbase and Circle. Owing to its stability, security, and transparency, the stablecoin evolved as the second-largest stablecoin in the world in terms of market capitalization. USDC can be effectively used for safe cross-border transactions and remittances, for buying, selling, lending, investing, and trading in Dapps and crypto exchanges, as well as a programmable dollar for developers and fintech entities.
USDC is backed by the US dollar that is held in a reputed US bank. Also, its reserve balances are attested to by top-five accounting firm Grant Thornton LLP. Coinbase allows its customers to convert their USDC funds into any cryptocurrency listed on the exchange platform or convert and withdraw in US dollars.
Working as a globally acclaimed fully collateralized US dollar stablecoin, USDC has achieved two celebratory milestones for its global customer base. Firstly, the renowned stablecoin project has crossed the whopping mark of $600 million in market capitalization. Secondly, USDC has been adopted by MakerDAO to work as an alternative form of collateral, which implies that the investors will now be allowed to use the stablecoin for opening Vaults to generate DAI.
According to the reports, on March 16, 2020, the MKR governance token holders indulged in voting to pass the proposal concerning the addition of USDC as collateral in the network. The positive results shown in the voting procedure were directly linked to the recent events related to the DeFi application MakerDAO. The sharp fall of ETH from $194 to $124 in a short span of hours created a surprising situation leading to the liquidation of over $4MM CDP positions. The move is likely to trigger a surge in DAI liquidity and stability.
Launched in 2018, USDC is a brainchild of CENTRE Consortium, which serves as an open-source technology project co-founded by Coinbase and Circle. Owing to its stability, security, and transparency, the stablecoin evolved as the second-largest stablecoin in the world in terms of market capitalization. USDC can be effectively used for safe cross-border transactions and remittances, for buying, selling, lending, investing, and trading in Dapps and crypto exchanges, as well as a programmable dollar for developers and fintech entities.
USDC is backed by the US dollar that is held in a reputed US bank. Also, its reserve balances are attested to by top-five accounting firm Grant Thornton LLP. Coinbase allows its customers to convert their USDC funds into any cryptocurrency listed on the exchange platform or convert and withdraw in US dollars.
Oil Price Down After OPEC Deal Failure, Crypto Markets Severely Hit
Global oil prices plunged more than 26% on Sunday after the OPEC failed to strike a price deal with its allies. Saudi Arabia, the largest producer of crude oil in the world, slashed the oil prices along with planning to increase oil production further to be ready for a possible price war. Consequently, the crypto market felt several shocks as Bitcoin was down by 10% within 24 hours.
As per a report published by CNBC, the price of the US West Texas Intermediate Crude dropped by 27.62% to $29.88 per barrel, while the Brent crude futures fell by 24.4% to $33.32 per barrel on Monday. On the other hand, Bitcoin, which was around $9,130+ on Saturday, is bleeding at less than $7,960 at the moment.
Likewise, other major cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, etc. also witnessed more severe double-digit percentage losses. While such volatility is common in the industry, this is easily the worst downward movement in several weeks. However, the downward trend could also lure new investors in the crypto industry. While speaking to the news agency, co-founder of Kenetic Capital, Jehan Chu said,
“For those who have long term investment horizons, bitcoin is absolutely a buy during these dips. We can expect more of this volatility sparked by macro health and financial shocks, but ultimately long-term investments in the digital future and it’s key asset Bitcoin will be a winning strategy.”
On the flip side, the mass-selling spree of Bitcoin investors could have also been because the investors want to park their investments in oil commodities, as the low prices might also prove to be a tempting opportunity for investors.
Financial markets across the globe are facing a downward trend. The NYSE was trading below 241 points, while the BSE was down by a heart-wrenching 1941 points. This indicates the Bitcoin and other cryptos are running in parallel with other markets, and that isn’t necessarily a bad thing.
Global oil prices plunged more than 26% on Sunday after the OPEC failed to strike a price deal with its allies. Saudi Arabia, the largest producer of crude oil in the world, slashed the oil prices along with planning to increase oil production further to be ready for a possible price war. Consequently, the crypto market felt several shocks as Bitcoin was down by 10% within 24 hours.
As per a report published by CNBC, the price of the US West Texas Intermediate Crude dropped by 27.62% to $29.88 per barrel, while the Brent crude futures fell by 24.4% to $33.32 per barrel on Monday. On the other hand, Bitcoin, which was around $9,130+ on Saturday, is bleeding at less than $7,960 at the moment.
Likewise, other major cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, etc. also witnessed more severe double-digit percentage losses. While such volatility is common in the industry, this is easily the worst downward movement in several weeks. However, the downward trend could also lure new investors in the crypto industry. While speaking to the news agency, co-founder of Kenetic Capital, Jehan Chu said,
“For those who have long term investment horizons, bitcoin is absolutely a buy during these dips. We can expect more of this volatility sparked by macro health and financial shocks, but ultimately long-term investments in the digital future and it’s key asset Bitcoin will be a winning strategy.”
On the flip side, the mass-selling spree of Bitcoin investors could have also been because the investors want to park their investments in oil commodities, as the low prices might also prove to be a tempting opportunity for investors.
Financial markets across the globe are facing a downward trend. The NYSE was trading below 241 points, while the BSE was down by a heart-wrenching 1941 points. This indicates the Bitcoin and other cryptos are running in parallel with other markets, and that isn’t necessarily a bad thing.
