Coronavirus Takes Toll on Bitcoin Halving, but Pandemic Won’t Steal the Show

Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets triggered once every 210,000 blocks mined — or roughly every four years — providing all the interested parties with ample notice and time to buckle up. Throughout Bitcoin’s (BTC) rather short history, halvings invariably foreshadowed massive rallies in crypto markets. The upcoming event, however, is unprecedented, as it will take place in the middle of a crisis that has…

Five Things to Do Other Than Worry About Coronavirus and Bitcoin Price

Let’s face it: Whether you’re an avid crypto enthusiast or just mildly interested in this blooming industry, chances are you’ve read, seen or heard more stories about the coronavirus and the Bitcoin (BTC) halving than you’d probably like to.  In all fairness, the coronavirus led to the world has collectively agreeing to press pause in an unprecedented manner, so the fact that a global pandemic happens to be taking place around the same time as the most important event in crypto means that full-on, 24/7 media coverage is to be…

Dow Rockets after Japanese Coronavirus Antibody Breakthrough

The Dow Jones Industrial Average (DJIA) jumped higher on Thursday. Another coronavirus treatment breakthrough comes from Japan’s Kao Corporation and Kitasato University. China’s export numbers defied expectations to rise 3.5% in April, bolstering investor sentiment. The U.S. stock market is back in risk-on mode today, with the Dow Jones Industrial Average (DJIA) rocketing around 300 points higher during the morning session. The move comes as yet another promising coronavirus treatment was announced overnight. Researchers at Kitasato University and Kao Corporation revealed a new antibody that ‘neutralizes’ the coronavirus in a…

Coronavirus Researcher Killed In Murder-Suicide Is Latest Suspicious Death. What’s Going On?

Coronavirus researcher Bing Liu, 37, died by murder-suicide. Liu is not the first scientist who died in strange circumstances. Are their deaths a sign of a bigger cover-up? Coronavirus researcher Bing Liu, 37, died by murder-suicide on Tuesday. Liu, who was an assistant professor at the University of Pittsburgh School of Medicine, was reportedly on the verge of making “significant findings” about the disease before he was found shot dead in his home. Strangely, however, Liu’s murderer’s name was not disclosed in a news story about his death. All we…

A Quarter Million Deaths Later, Dutch Team Finds Coronavirus Blocker

A Dutch team may be on to a cure for the SARS coronavirus. In a report published Monday, researchers say they’ve stopped the virus from spreading in cell cultures with a potent antibody. Many lives and an economic recovery hang in the balance as scientists race for a safe, effective coronavirus treatment. Since spreading from an animal “reservoir” within the ecosystem to humans, the coronavirus or SARS‑CoV has caused over 250,000 deaths. Biotech companies and university labs have been racing to find a vaccine or antiviral treatment. Now a team…

Mining Sector Sees Extreme Volatility Amid Coronavirus and Crash During Q1

Crypto research firm, TokenInsight, has published a report covering the crypto mining industry during the first quarter of 2020. The report emphasized swings in Bitcoin (BTC)’s hash rate and the phasing out of older ASIC models. However, volatility has had a greater impact on Chinese miners — with Antminer S9s becoming unprofitable during March. Miners using old ASICs are impacted by price crash The report describes BTC hash rate as having been “extremely volatile” during the early months of 2020 — ranging from between roughly 70 exahashes per second (EH/s)…

Bitcoin Won as Store of Value in Coronavirus Crisis — Hedge Fund CEO

Bitcoin (BTC) has in fact functioned very well as a store of value before the coronavirus crisis, raw data suggests. In a Twitter discussion on May 1, Travis Kling, head of crypto hedge fund Ikigai, produced fresh evidence that, despite volatility, Bitcoin has preserved its investors’ wealth. BTC protected hodlers from “catastrophic event” Since February, BTC/USD has delivered stable returns of 0.6%, Kling said, smoothing out any pain to “hodlers” sparked by one of the most unnerving financial implosions of recent history last month. “The price of #Bitcoin increased 0.60%…

Matic Announces a Privacy-Centric Coronavirus Tracking App

Blockchain scalability solution, Matic, launched a privacy-focused coronavirus tracking mobile application. According to an April 29 announcement, the new app — dubbed Tracy — leverages the Matic network for contact tracing and quarantine management. The solution also uses decentralized data storage solution, MóiBit, to store sensitive data. Per the announcement, Tracy is the first blockchain-based solution that was developed for quarantine management and contact tracing. The application is meant to let users understand how likely they are to have come in contact with somebody who tested positive for the coronavirus.…

CoinMarketCap Sees Fewer Chinese Users Amid Coronavirus Pandemic

CoinMarketCap, which recently became a Binance company, released a report on Q1 crypto market performance, as seen from its perspective. One of the more interesting details is the significant decrease in users from China.  As revealed by the report, published on April 30, China fell from 13th to 24th position in the country rankings by page views. A less dramatic but sizable decrease was also seen from South Korean users, who fell by 3 positions to the 19th place. Furthermore, CoinMarketCap noted that the decrease largely occurred in the period…

Why Bitcoin Hit $8k Ahead of FOMC Update, Wiping Out Coronavirus Losses

Bitcoin closed above $8,000 this Wednesday, wiping all its Coronavirus-induced losses from mid-March. The cryptocurrency’s move uphill came ahead of Jerome Powell’s press conference at 1430 ET today. The Federal Reserve chairman is likely to discuss strategies to tame the contracting economy, with investors expecting him to keep the interest rates lower. Bitcoin jumped above $8,000 for the first time in almost two months as investors braced for the Federal Reserve’s views on the health of the U.S. economy. The bitcoin-to-dollar exchanged surged 5.52 percent to top at $8,180 on BitMEX,…