Europe

Tim Draper: Pandemic Could Be The Tipping Point For Bitcoin

Source Node: https://cointelegraph.com/news/tim-draper-pandemic-could-be-the-tipping-point-for-bitcoin
Time Stamp: April 7, 2020 8:46 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The global spread of the coronavirus played a major role in the dramatic 2020 stock market crash. The bailout bill for saving the world’s economy is $7 trillion and rising fast. Bitcoin bull Tim Draper believes this confluence of factors may be the tipping point that allows innovations such as Bitcoin and smart contracts to flourish.In an interview on April 6, the global venture capital investor said he was skeptical about the government’s infinite money printing bailout plan and said it would take years before that money “permeates” the global

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-6-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 6, 2020 4:06 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies.The sharp selloff on March 12 was a good example of panic and the sharp correction was quickly followed by a phase of cherry-picking by long-term investors. Since bottoming out on March 13, most major cryptocurrencies have rebounded

After a Volatile Week, Bitcoin Opens Higher on Monday

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-opens/
Time Stamp: April 6, 2020 2:42 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As we see strong signs of stabilization throughout Europe, the situation in the U.K. seems to be getting worse. Not only has the prime minister himself now been admitted to the hospital, but the number of confirmed cases has seen a significant spike to nearly 6,000 yesterday. Last night, the queen herself addressed the nation in a brief but extremely moving speech. Over in the U.S., the president has mentioned that the peak is near. Yet, even in Asia, leaders are finding it difficult to lift the lockdowns and travel

The New Land of Crypto Fundraising Is in Asia and Europe, Says PwC

Source Node: https://cointelegraph.com/news/the-new-land-of-crypto-fundraising-is-in-asia-and-europe-says-pwc
Time Stamp: April 6, 2020 6:50 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Most of the fundraising in the cryptocurrency space shifted from the Americas to Europe, the Middle East, and Africa (EMEA), and the Asia Pacific regions (APAC), according to a recent report by Big Four auditing firm PwC.According to PwC's 2nd Global Crypto M&A and Fundraising Report, during 2019, fundraising efforts in the crypto space obtained 18% less funding, while funds in mergers and acquisitions (M&As) in the space decreased by 40%.As funding decreased overall, APAC and EMEA's share of the pie got larger. While APAC and EMEA saw 44% of

Adult Entertainment Supported by Crypto Shoppers During Quarantine

Source Node: https://cointelegraph.com/news/adult-entertainment-supported-by-crypto-shoppers-during-quarantine
Time Stamp: April 5, 2020 8:46 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While many crypto holders around the world are practicing self-quarantine and other measures to limit social contact, some are turning to the adult industry for comfort. Speaking to Cointelegraph, cryptocurrency payment processor CoinGate reported an increase in purchases from adult stores in March over activity in February. Sites like ManyVids and LiveJasmin had 17% and 8% increases in cart sizes, respectively. Other adult stores reported a 36% increase in turnover. Most of these merchants are based in Europe, where measures are in place to limit people from leaving their homes and many

Quarantined Gamers Are Straining Microsoft Azure-based Blockchain Platform

Source Node: https://cointelegraph.com/news/quarantined-gamers-are-straining-microsoft-azure-based-blockchain-platform
Time Stamp: April 4, 2020 10:04 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Microsoft has acknowledged that the quarantined gamers are putting a strain on its Azure cloud platform which is a backbone of the company’s Blockchain As a Service (BaaS) offering.In the SEC filing, Microsoft addresses the impact of “the global health pandemic” on its Azure cloud services. The company admits that in certain regions “deployments for some compute resource types (...) drop below our typical 99.99 percent success rates”. Furthermore, Microsoft confirms that “Xbox Live [is] putting a strain on overall Azure capacity”:“As a result of the surge in use over

Blockchain Experts Weigh in on Russia’s Controversial Coronavirus Tracking App

Source Node: https://cointelegraph.com/news/blockchain-experts-weigh-in-on-russias-controversial-coronavirus-tracking-app
Time Stamp: April 4, 2020 2:31 PM - Modified On: May 21, 2021 - Published By:
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Experts suggest that blockchain technology could have been a better solution for handling coronavirus-related data in Russia.Moscow’s COVID-19 App is pulled from Google PlayOn March 25, an app called “Social monitoring” appeared in Google Play store. According to the app’s description, it was designed for social monitoring as well as for providing access to emergency services.Users soon noticed that the app required many sensitive permissions, including geolocation, bluetooth pairing, biometric data, and calls. Notably, the data was also being openly transmitted without encryption. The backlash against the app led to

Binance Shelters Against Job Losses During Global Pandemic

Source Node: https://cointelegraph.com/news/binance-shelters-against-job-losses-during-global-pandemic
Time Stamp: April 3, 2020 6:03 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees.Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn.In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as global jurisdictions

Blockchain Head at European Commission Explains Usefulness of DLT

Source Node: https://cointelegraph.com/news/blockchain-head-at-european-commission-explains-usefulness-of-dlt
Time Stamp: April 3, 2020 9:08 AM - Modified On: May 21, 2021 - Published By:
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The head of the digital innovation and blockchain unit at the European Commission (EC), Pēteris Zilgalvis, explained the concise benefits of distributed ledger technology (DLT) in an interview to The Banker, a subsidiary of the Financial Times. In the interview, published on April 3, Zilgalvis talked about the benefits and challenges of the technology.According to him, blockchain provides a powerful framework for data sharing, something that can't be done by normal databases:“We think that it presents an excellent technology for situations where different stakeholders need to collaborate but, due to

How the Pressures of the Coronavirus May Open the Door for Tokenization

Source Node: https://cointelegraph.com/news/how-the-pressures-of-the-coronavirus-may-open-the-door-for-tokenization
Time Stamp: April 2, 2020 2:16 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

The coronavirus pandemic is the only thing on most people’s minds right now around the world.The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities.Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well asearly U.S. indicators, we’re about

Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Source Node: https://cointelegraph.com/news/berkeley-blockchain-xcelerator-director-on-what-dlt-startups-need-to-succeed
Time Stamp: April 1, 2020 9:28 AM - Modified On: August 29, 2021 - Published By:
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The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans.Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program offers to startups, success stories from previous cohorts and advice for startups looking to launch in the crypto space.Cointelegraph: Could you give an overview