Update

UAE Startup Relies on Blockchain to Flatten Covid-19 Curve

The UAE-based startup incubator, in5, helps to develop blockchain-based methods for controlling the COVID-19 pandemic in the country and thereby flatten the curve. Liber Health, funded by in5, is one of the systems used to identify patients that supports blockchain technology. According to a study published on May 20. They are creating a contactless device […]

Jack Ma Resigns From SoftBank and the Firm Posts Worst Losses in Its History

Jack Ma, the co-founder of Alibaba, stepping down from the board of the Japanese tech giant and the big blockchain backer of SoftBank. After 13 years of close involvement with SoftBank. The richest man in China leaves the board in the midst of SoftBank reporting the worst operating loss in its history. Jack Ma’s exit […]

Fortnite Fans Race to Earn ETH Based Rewards on Reddit

Within days of launching on the Rinkeby testnet. Over 10,000 addresses have been created for Reddit’s Ethereum (ETH)-based Community Points rewards system. The Reddit points rolled out from March 13 to March 15 across two subreddit communities. Regarding the topics of the popular video game Fortnight (r/fortniteBR) and cryptocurrency (r/cryptocurrency), in particular. Perhaps surprisingly, the […]

Lamborghini Is Launching Blockchain-Based Collectible Stamps

Lamborghini Is Launching Blockchain-Based Collectible Stamps

The renowned Italian luxury sports car maker Lamborghini continues to make use of Blockchain in its corporate operations. The well-known company uses blockchain to digitize its collectible stamps, among the latest technological advancements. Lamborghini is releasing the first digital collectible stamps, the “Automobili Lamborghini Collection”. The new release, driven by blockchain technology, is a series […]

China to Officially Set Blockchain Jobs as a New Occupation

The current coronavirus pandemic is changing blockchain businesses, and its effect on the blockchain industry isn’t all negative. Despite the recent changes sparked by the crisis of coronavirus, China is taking another step towards the adoption of blockchain in order to formally acknowledge employment in the industry. The ministry responsible for national labor policies and […]

Two-Thirds of Users Support Crypto Asset Taxation

Two-Thirds of Users Support Crypto Asset Taxation

A recent South Korean wallet provider Childly survey showed that 66 percent of respondents are in favor of taxing crypto-assets. The poll of more than 5,750 users of crypto worldwide showed that only one in five users of crypto are opposed to taxation of digital properties. Crypto ecosystem warms to taxation 48 percent of respondents […]

Bitcoin Whales Are Optimistic About the Long-Term Prospects of Bitcoin

Whales Are Optimistic About the Long-Term Prospects of Bitcoin

A big Bitcoin (BTC) whale keeping 68,000 BTC ($523 million) hasn’t moved the funds for over five years. And on-chain data reveals other whales have similarly held onto their BTC for an average of 4.7 years. While Bitcoin is CoinMarketCap’s top-ranked cryptocurrency. Whales holding on to a digital asset without selling for years don’t protect […]

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

The price of Bitcoin increased over a 24-hour span by more than 10 percent, rising from $7,020 to $7,770 on both spot and futures exchanges. But, BTC shows all three signs that the upsurge was a trap for bulls. Before the rebound, negative futures funding levels, Bitcoin altcoins struggling to run front. And the BTC […]

Here's What Driving a Bitcoin Buying Frenzy Amongst Investors

Here’s What Driving a Bitcoin Buying Frenzy Amongst Investors

The capitulatory fall Bitcoin took on March 12th was unprecedented, with the cryptocurrency falling from heights of over $8,000 to lows of $3,800 in a matter of mere hours – a day that will now live in crypto-infamy as “Black Thursday.” However, the market action seen after this selloff continues to reflect the power of […]