virus

Bitfarms Streamlines Workforce As Coronavirus Threat Continues

Birfarms, a cryptocurrency mining outfit based out of Canada, would be trimming its staff. This is due to the coronavirus pandemic’s effects on its operations.The company made the decision known in an update published earlier this week, explaining that it will be making some adjustments to the coronavirus amid both its economic and social effects.Focusing on Sustainability and ProfitsVia the update, the company explained to stakeholders and community members that it had optimized its operations to maximize mining power over the past few weeks. As a result, it’s been able

How to Make Things Go Viral: Learn From Coronavirus

When an idea catches on, what do we call it? “Going viral.” In the age of Coronavirus, we need good messages to go viral. Whether you’re running a business, an organization, or a family, you need good messages to go viral. As a society, we must encourage people to #SlowTheSpread and help our #HealthcareHeroes: we need good messages to go viral. But how do we help good messages to go viral, faster than the virus itself? We spent some time digging into virology research papers, and we have some good

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19

Notable Dark Web Marketplace Bans All COVID-19 Vaccine Sale 

In a rare move that has perhaps never been seen before, a marketplace on the dark web has banned the sale of a self-proclaimed vaccine for the coronavirus pandemic. According to a tweet from noted tech author Eileen Ormsby, Monopoly Market, a popular platform on the dark web, has banned the sale of purported vaccines for the coronavirus for Bitcoin.Darknet market Monopoly has taken a more responsible approach to touting #COVID19 "cures" on their #darkweb site pic.twitter.com/uWFLx75deQ— Eileen Ormsby (@EileenOrmsby) April 1, 2020Honor Among Criminals As the tweet showed, the market’s administrator pointed

After a Volatile Week, Bitcoin Opens Higher on Monday

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

Charities Are Turning to Bitcoin Amid the Global Fight Against Coronavirus

In the war against the novel coronavirus, cryptocurrencies are emerging as a much-needed tool for charity and fundraising projects. Already there are a number of large nonprofits accepting Bitcoin donations. Plus, some blockchain and crypto firms are contributing medical supplies to hospitals in an attempt to curb the virus, while others are setting up fundraisers and charities that are aimed at helping its victims.As a number of nonprofits continue to accept cryptocurrency donations, they are starting to realize that crypto transactions significantly reduce costs in terms of fees. Here are

Researchers Detect Ambitious Bitcoin Mining Malware Campaign Targeting 1,000s Daily

Cybersecurity researchers have identified a persistent and ambitious campaign that targets thousands of Docker servers daily with a Bitcoin (BTC) miner.In a report published on April 3, Aqua Security issued a threat alert over the attack, which has ostensibly “been going on for months, with thousands of attempts taking place nearly on a daily basis.” The researchers warn: “These are the highest numbers we’ve seen in some time, far exceeding what we have witnessed to date.”Such scope and ambition indicate that the illicit Bitcoin mining campaign is unlikely to be “an

Blockchain App Used to Track COVID-19 Cases in Latin America

A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America.Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety and cut store wait times by reducing gatherings in tight spaces, reducing the probability of contagion.” The software program could associate locals’ government ID numbers with unique blockchain records, allowing authorities to determine if they qualify for

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

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

Bitcoin Posts Laudable Performance Over the Quarter 

The first quarter of 2020 was a bit of a mixed bag for cryptocurrencies. As expected, no other asset can demonstrate this better than Bitcoin. While the top digital asset led a market rally into the year and started 2020 gaining as much as 13 percent in its value, the coronavirus hit, and the market soon experienced a massive slump – with record drops witnessed on multiple fronts. Accounts Surged, but Transactions Stalled However, the market has corrected, and things appear to be on the uptrend once more. Bitcoin crossed the $7,200 mark