States

Ark’s 1 Million Token Grant Fund Drives Community Innovation

Source Node: https://cointelegraph.com/news/arks-1-million-token-grant-fund-drives-community-innovation
Time Stamp: April 2, 2020 3:49 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Interoperable blockchain project Ark (ARK) designated one million ARK valued at roughly $150,000 toward its new development grants program on March 24.While the grant program was launched one week ago, Ark’s Strategic Partnerships Manager, Ray Alvarez, told Cointelegraph that it has already received proofs-of-concept from developers.The program exclusively funds “proposals involving technical deployments and usage of [the] ARK technology stack.”The applications include standalone applications and plugins, including development contributing to Ark’s decentralized private messaging application, desktop wallet, and transaction plugins.In addition to sparking development for specific applications, Alvarez states that

Decoupling? Bitcoin Price Surges Above $6.7K as Stocks Again Bearish

Source Node: https://cointelegraph.com/news/decoupling-bitcoin-price-surges-above-67k-as-stocks-again-bearish
Time Stamp: April 2, 2020 1:56 AM - Modified On: August 29, 2021 - Published By:
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Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively. The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases. Earlier this week the White House also stated that it concurs with the estimate that up to

Doing Well by Doing Good: 5 Reasons Why it Works

Source Node: https://www.bitcoinmarketjournal.com/doing-well-by-doing-good-5-reasons-why-it-works/
Time Stamp: April 1, 2020 7:38 PM - Modified On: August 29, 2021 - Published By:
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“Do well by doing good.” The phrase has a deep meaning during this time in human history. In a nutshell, it means that companies that do good (i.e., help out during the Coronacrisis) will do well (i.e., make money and thrive). This is counter-intuitive. Logically, you would not help out during a recession: you would lay off workers, conserve your remaining cash, and “hunker down,” to use an unfortunate phrase. Here are a few reasons why the opposite is true. Your name gets out there. Many of our clients are

U.S. Crypto ATM Network Helps to Promote Social Distancing

Source Node: https://cointelegraph.com/news/us-crypto-atm-network-helps-to-promote-social-distancing
Time Stamp: April 1, 2020 5:30 PM - Modified On: August 29, 2021 - Published By:
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Bitcoin Depot, the largest Bitcoin ATM operator in the world, has begun powering down some of its machines in an effort to halt further spread of COVID-19.As much of the world sits in quarantine, Bitcoin Depot has chosen to temporarily shut off crypto ATMs which specifically reside in high traffic areas. The company is undertaking this push as a way to encourage social distancing.“As we monitor the ongoing situation, the number of locations temporarily taken offline will likely increase,” Bitcoin Depot’s director of product, Alona Lubovnaya, told Cointelegraph in an

Celo to Issue at Least $15.7 Mln in Community Grants During 2020

Source Node: https://cointelegraph.com/news/celo-to-issue-at-least-157-mln-in-community-grants-during-2020
Time Stamp: April 1, 2020 12:34 PM - Modified On: August 29, 2021 - Published By:
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Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network. Cointelegraph spoke to Xochitl Cazador, the head of ecosystem growth at cLabs — the company behind Celo — to discuss what they look for from grant applicants, and Celo’s plans for 2020.Celo provides grant funding to 16 startupsCazador states that the most important criteria applicants are assessed on is whether they “support Celo’s mission of building an open financial system that creates conditions

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

Source Node: https://cointelegraph.com/news/feds-quantitative-easing-strategy-holds-long-term-benefits-for-crypto
Time Stamp: April 1, 2020 11:30 AM - Modified On: August 29, 2021 - Published By:
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These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told Scott Pelley of CBS on March 22, adding: “We will do whatever we need to do to make sure there is enough cash in the financial

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

Not April Fool’s — Trump Hints at $9 Oil After Accidental Bitcoin Plug

Source Node: https://cointelegraph.com/news/not-april-fools-trump-hints-at-9-oil-after-accidental-bitcoin-plug
Time Stamp: April 1, 2020 5:11 AM - Modified On: August 29, 2021 - Published By:
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After inadvertently advertising Bitcoin (BTC) last week, United States President Donald Trump has now hinted that he expects oil to crash to just $9.In a press conference on March 31, Trump reiterated what has become a penchant for lower oil prices. Trump: $9 could “get you what you wanted”He was speaking amid talks with both Russia and Saudi Arabia, both of which plan to increase oil production this month despite the plunge in demand caused by coronavirus. WTI crude prices have lost more than 50% in the past 30 days alone. “Look,