Controversial AI Firm Awarded $500,000 Contract for Coronavirus Tracing

AI Firm Faculty will require extensive personal data for purposes that are currently unclear. Key Takeaways U.K. government awarded AI firm a contract to help deal with coronavirus pandemic. The contract shows that data including social media and credit rating scores would be processed. Parts of the document have been redacted, so the purpose of data collection remains unclear. Share this article Privacy campaigners and civil rights groups have been rightly flagging their concerns about state surveillance resulting from coronavirus “track-and-trace” endeavors. The U.K. now appears to be stepping up…

Can the “Trifecta” of Technologies Stop Coronavirus?

Ocean Protocol’s ongoing hackathon is bringing together blockchain technology, artificial intelligence, and the IoT to help solve the COVID-19 pandemic. Key Takeaways Ocean Protocol saw the pandemic coming long before it was officially identified by many experts. To help combat further spread, the project has tied with SingularityNET another decentralized AI firm to launch a hackathon. COVIDathon ends on June 1st, and participants are eligible for up to $50,000 in prizes. Share this article Ocean Protocol’s hackathon has brought together a so-called trifecta of technologies to combat the spread of coronavirus.…

Bitcoin May Thrive Despite Coronavirus

The CEO and co-founder of Bitcoin (BTC) investment app Amber, Aleks Svetski, said he thinks the COVID-19 pandemic has bolstered Bitcoin awareness.  “COVID was one of the best marketing campaigns for Bitcoin in history,” Svetski told Morgan Creek Digital co-founder Anthony Pompliano in a May 13 podcast episode.  Coronavirus has caused global uncertainty Since taking center stage as an official pandemic in 2020, governmental coronavirus prevention actions have caused business slowdowns, rising unemployment numbers, and falling markets. The U.S. government has taken several measures to right the sinking economy, including various…

Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy

The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal Reserve. In a televised address on May 13, Jerome Powell said that for all the damage done to the U.S. and global economy this year, the culprit was coronavirus — not governments or central banks. Powell: “No bubble, no unsustainable boom” “The current downturn is unique in that it is attributable to the virus and the steps taken to limit its fallout,”…

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)…