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Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

The Bitcoin price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. Here are three main factors that likely contributed to it. The Bitcoin (BTC) price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. While traders believe a combination of many factors caused the upsurge, there are three main factors that likely contributed to it. The three factors are a significant surge in spot buys, a massively overextended plunge below $4,000, and the immediate recovery of BTC…

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The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?

Have those eleven “class action” lawsuits filed against major players from the crypto space any chance of succeeding? On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe. The eleven lawsuits were filed in the United States District Court for the Southern District of New York in what is being called “Bloody Friday” for the industry. These lawsuits are class action in nature. For those unfamiliar with the term, this means a group of people have joined together to file a lawsuit…

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ConsenSys Health Launches Coronavirus-related Virtual Hackathon

The virtual hackathon will take place from April 13 to May 11, aiming to combat coronavirus and preventing future pandemics. ConsenSys Health announced on April 7 the launch of the “STOP COVID-19 Virtual Hackathon,” which will take place from April 13 to May 11, 2020. The initiative is sponsored by Gitcoin, Hyperledger, ConsenSys, One Million Developers and OpenMined. It aims to leverage blockchain and other technologies to facilitate data access for researchers and healthcare professionals seeking to curb the outbreak coronavirus and prevent future pandemics. The virtual hackathon also hopes…

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Crypto Payment Network Partners With ID Screening Service

The cryptocurrency network aims with the partnership to strengthen their AML/KYC screening processes. Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers. As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients’  KYC data including date of birth, addresses, names, document numbers, document issue dates and expiration dates. EU’s 5th Anti-Money Laundering Initiative Compliance The partnership follows the adoption of the European Union’s Fifth Anti-Money Laundering Initiative (5AMLD),…

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Sweden’s ‘Lagom’ Response to Coronavirus: No Masks, Keep The Economy Going With a “No Limit” Printing Press

Pundits globally are flabbergasted Swedes still go to cafés, to restaurants and to hang out in parks without face masks on. The Coronavirus in Sweden has so far claimed 611 deaths, with 7,849 confirmed cases. Swedish people still send their kids to school and are not hoarding much of anything compared to countries like the U.S. But just like in most of the world many businesses are hit hard, and the country’s central bank has started the printing presses. Also read: Major Swedish Bank Fined $386 Million for Hiding Money-Laundering…

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Crypto Conference Attendees Prepare to Enter a 3D Virtual World

Cryptocurrency conference Blockdown 2020 is set to defy the coronavirus lockdown by hosting in a 3D virtual realm, and will include several big name personalities from the blockchain community. Blockchain and cryptocurrency enthusiasts have found new ways to come together amid the global coronavirus lockdown. A crypto conference called BlockDown 2020 is scheduled to take place in the virtual realm this month, with big name personalities from the blockchain community set to appear as digital 3D avatars. Notable attendees on the docket include Binance founder and CEO Changpeng Zhao, Stellar…

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Italy’s Top News Agency Uses Blockchain to Fight Fake Coronavirus News

ANSA, Italy’s main news agency, partnered with Ernst & Young to combat fake coronavirus news with blockchain. Amid the global pandemic crisis, the importance of ensuring trusted information is getting more crucial as fake coronavirus news poses a direct threat to life and health of people worldwide. While some global jurisdictions are imposing fines and imprisonment for spreading false coronavirus information, a major news agency in Italy is hoping to stop fake news by implementing blockchain technology. All the news that’s fit to hash ANSA, Italy’s main news agency and…

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One-Third of Bitcoin Cash’s Supply Has Never Been Touched

6 million BCH have not moved since the August 2017 hard fork, meaning that one-third of Bitcoin Cash’s circulating supply remains untouched. Data from CoinMetrics shows that roughly one-third of the circulating supply of Bitcoin Cash (BCH) has never been touched. Coinmetrics also estimates that 2.3 million Bitcoins (BTC) have not moved in over five years — comprising 12.5% of the nearly 18.4 million BTC in circulation. 32.6% of circulating BCH supply has never moved On April 6, Coinmetrics published data indicating that 6 million BCH has not moved since…

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Finding Digital Answers to Global Sustainability Threats

How digital technologies can foster climate action in the context of the European Green Deal and enable global mobilization of SDG impact finance? According to NASA, the World Meteorological Organization and the National Oceanic and Atmospheric Administration, a scientific agency within the United States Department of Commerce, the last 10 years leading up to the end of 2019, as well as the last winter, has been confirmed as the warmest decade on record. Yet, nature produced another warning for humanity in Australia with the severe 2019–2020 bushfire season that led…

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How Cointelegraph Team Is Coping With the Coronavirus Crisis All Over the World

The Cointelegraph team talks about their experiences in handling the coronavirus pandemic. The coronavirus pandemic has been changing the global economy, our lifestyle, our ways of interacting with each other and our vision of the future. The Cointelegraph team keeps working from home offices, and all the events we planned to participate in have been canceled. But there is still a lot that is happening in the crypto and blockchain field that needs to be covered, so the work keeps us occupied, and that helps us keep our spirits up.…

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