Chinese Crypto Mine Stop or Stall Operations Due to Coronavirus Outbreak

Due to the Coronavirus outbreak in China, the government has taken a series of measurements to keep the situation under control. Businesses are being affected across the nation. With the existing quarantine control, people are staying right at where they are and not be able to return to their work.  A mining farm, in particular, is being forced to shut down during the epidemic. According to BTC.top CEO Jiang Zhuoer’s Weibo moment post on Feb. 4, all the mining machines have been forced to shut down in one of the…

Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls

A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S. crypto firms will have to continue hula-hooping through state-by-state regulations in the near future.  Earlier this month, a D.C.-based advocacy group called the Blockchain Association, representing a number of high-profile cryptocurrency firms, launched a working group tasked with pushing for a U.S.-wide regulatory framework. Called the Market Integrity Working Group, the new entity is…

‘95% Confidence’: Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch

Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said. In an “Ask Me Anything” Reddit discussion held Wednesday, the Eth 2.0 team said the network won’t launch until three clients can run testnets consistently for a minimum of eight weeks. AMA participants included ethereum co-founder Vitalik Buterin and Eth 2.0 researchers Danny Ryan and Justin Drake. “I have 95% confidence we will launch in 2020,”…

Bitcoin Price Targets $10K as BitMex Open Interest Soars to $1.5B

The bullish sentiment continues to build in the crypto market as numerous altcoins post double-digit gains on a daily basis. Bitcoin’s spot price (BTC) on crypto exchanges also continues to push higher with the passing of each day and earlier today the price broke above $9,800, extending to $9,862 before pulling back to trade around $9,650.  Crypto market daily price chart. Source: Coin360 Recently published data from Skew Markets shows Bitcoin futures with a May 2020 and June 2020 expiry date rising to $10,000 and above at a handful of…

US Navy Bets $9.5M on Blockchain to Keep Messaging Secret

The Naval Air Warfare Center, a California-based research group of the U.S. Navy, has given blockchain software startup Simba Chain nearly $10 million to put a secure messaging platform in play.  “The platform will be up this year, with on going updates over the next 4 years,” Simba Chain CEO Joel Neidig told Cointelegraph in a Feb. 6 email.  The Naval research group recently called on Simba Chain to install a safe avenue for communication and transaction, built on the blockchain for the Department of Defense, or DoD, a Feb.…

DLT Goes Viral as Live Coronavirus Tracking Spreads to the Blockchain

Blockchain-enabled applications developer Acoer has created a data visualization tool to track the deadly coronavirus. The tool, known as the HashLog data visualization engine, interacts in real-time with Hedera Hashgraph’s distributed ledger technology. This allows researchers, scientists and journalists to understand the spread of the coronavirus and its trends over time through visuals presented on Acoer’s HashLog dashboard.  Acoer’s CEO, Jim Nasr, told Cointelegraph that the HashLog tool pulls data from the Center for Disease Control and the World Health Organization to capture useful information regarding the virus. He said:…

Bakkt’s Bitcoin Payment App on Horizon, Loyalty Platform Buyout

Bakkt is planning to purchase Bridge2 Solutions, a customer loyalty and rewards service, as part of its plans to offer a Bitcoin and cryptocurrency-powered payment app in the near future. The Intercontinental Exchange (ICE) revealed details in a Feb 5. press release: When Bridge2 Solutions ultimately joins Bakkt, the strategic combination will accelerate the development of the Bakkt consumer application, which will provide digital asset aggregation, conversion and payments through a single platform for consumers around the world. This acquisition is part of Bakkt’s shift toward consumer services. Last year,…

Catalonia Is Moving to Achieve Digital Independence Using Blockchain

The burgeoning autonomous community of Catalonia has been struggling for political freedom from Spain for years. Now, according to Jordi Puigneró, Minister of Digital Policies and Public Administration, the group is also angling for digital independence. “Just as the Internet brought us universal connectivity, blockchain will bring us new universal governance. It will affect the administration [of government], will affect the economy, and it will affect one thing which is very important in our society: trust,” he said. “Trust is what moves economic transactions and it’s what moves the relationship…

The Federal Reserve Has Its ‘Come to Satoshi’ Moment

Shifting its stance from mostly ignoring CBDCs, a Federal Reserve governor says the central bank is now actively studying the possibility of a U.S. digital currency. That’s the way Meltem Demirors described Federal Reserve Governor Lael Brainard’s remarks at Stanford yesterday. For the first time, the Fed has said it is actively researching and experimenting with digital currencies and distributed ledger technologies. This is a change in tone from a Fed that, when asked previously, has more or less dismissed digital currencies.  On this episode, @nlw looks at Brainard’s speech, along with: the latest from…

How Blockchain Will Track Taxes (and Tax Cheats)

Tomicah Tillemann is the chairman of the Global Blockchain Business Council and, at Davos this year, he was interested in taxes. He spoke to Michael Casey at his council’s event at the World Economic Forum. “We were really fortunate yesterday to announce a new collaboration with Ernst & Young and MIT. Together with New America, my organization, we’re going to be working together to tackle the very tough challenge of tax around the world,” he said. “Tax, obviously, is on its face about the most boring topic imaginable, but it…