Italian Bank Opens Bitcoin Trading to 1.2 Million During Lockdown

Growing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service The trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential security risks with cryptocurrency exchanges. With the country in lockdown and everyone stuck at home, the bank is capitalizing on a growing interest in Bitcoin as a safe way to transfer money internationally in the midst of the crisis. 1.2 million Italians already use Hype About 1.2 million Italians already use Banca Stella’s…

Goldman Sachs Walks Back From Viral, Apocalyptic ‘Investee Call’

An apocalyptic account of Goldman Sachs ‘investee call’ went viral on social media faster than the coronavirus — and now the investment bank wants to set the record straight. The story snowballed after first being reported in a Reddit post on March 15. It has since been shared countless times in Telegram and other social media.  User ‘nottodaymonk’ posted that his friend had just “got off a Goldman Sachs Investee call where 1500 of their investee companies dialed in”. He listed several “takeaways” from the call, the most significant of…

Huobi University Principal Says Without 2020 Financial Crisis, There Is No Blockchain Boom

The coronavirus pandemic is the “black swan of 2020”, leading financial markets into a level of decline not seen since the 2008 recession. However, blockchain may still have a chance to flourish during these times of crisis. Financial crisis presents an opportunity for blockchain developers On March 19, Yu Jianing, Huobi University Principal gave a live broadcast titled “Global Financial Storm Siren, How to Use the New Thinking of Blockchain to Turn Crisis into Opportunity,” according to Chinese blockchain media outlets. He commented that:  “Without the financial crisis of 2008, there…

Argentine Gas Regulator Launches Blockchain Network, Expands to Whole Country

Argentina’s natural gas regulator, Enargas, approved the expansion of a blockchain-based gas distribution tracking platform. The system was already piloted by a local distributor servicing over 2 million residents. According to an announcement on March 18, the system — dubbed Gasnet — was authorized for expansion to the whole country. Before now, the network was used only by Gasnor, a 2 million customer-strong local gas distributor. A spokesperson from RSK, the blockchain platform used by the system, told Cointelegraph that the regulator pushed for this service expansion due to the…

Vitalik Reveals His Vision For the Next Decade of ETH 2.0 Development

Ethereum co-founder, Vitalik Buterin, revealed his personal roadmap for ETH 2.0 in a tweet on March 18. The post covers the next 5 to 10 years of the project’s development. Progress is in action  In the post, Vitalik emphasized that research and development will continue regardless of recent challenges. In addition, he pointed out there should be less fear of complexity with the system update, noting that many of the upcoming changes will address these previously noted issues. He added that:  “The “quadratic sharding as end of history” approach ensures…

Kentucky Distiller Tokenizes Up To $20M of Bourbon Whiskey

United States-based Wave Financial Group will manage the tokenization of up to $20 million worth of bourbon whiskey produced by Kentucky-based Wilderness Trail Distillery. Wave told Cointelegraph in an email sent on March 18 that the firm will tokenize between 10,000 and 20,000 barrels of liquor so it can be offered through a specialized digital asset fund. The “Wave Kentucky Whiskey 2020 Digital Fund” will allow investors to purchase tokens linked to the inventory of whiskey barreled this year, which is estimated to represent up to four million bottles of…

Scammers Impersonate World Health Organization to Steal BTC COVID-19 Donations

As the number of global coronavirus cases grows each day, online scammers are turning to cryptocurrencies like Bitcoin (BTC) to steal money under the cover of the global pandemic. According to cybersecurity firm Sophos, some online perpetrators are now impersonating the World Health Organization (WHO) in an attempt to steal cryptocurrency donations to fight the COVID-19 pandemic. Scammers look to profit from the recently launched COVID-19 Solidarity Response Fund Chester Wisniewski, a cybersecurity expert at Sophos, reported on WHO impersonators in a March 19 tweet, posting email screenshots from scammers.…

Top Blockchain Use Cases Are in Payments, Security and Settlements

In its recent blockchain in banking report, Business Insider Intelligence indicated that financial institutions have mostly deployed the tech to improve payments, securities settlement, fraud detection security and trade finance. Published on March 19, the report analyzed a number of financial and tech organizations worldwide, including Australia and New Zealand Banking Group, Bank of America, Citi Bank, HSBC, Ripple, Visa, Fidelity Investments and CME Group. Major benefits from blockchain The findings showed that 66% of the surveyed financial institutions saw the major benefit of blockchain and distributed ledger technology in…

Universal Protocol Alliance Adds Three Tokens on Bittrex Global

The Universal Protocol Alliance (UPA) officially announced that the Universal Dollar (UPUSD), the Universal Euro (UPEUR), and the Universal Protocol Token (UPT) have been listed on Bittrex Global, offering a lower fee structure for UPT holders. The Alliance stated that the UPUSD and the UPEUR stablecoins are collateralized 1:1 with their respective fiat currencies, while UPT is going to offer benefits directly to Alliance members.  According to the announcement, these tokens will allow users to access an alternative to existing stablecoin products, many of which are also supported by the…

XRP Price on Final Support Before $0.06? Key Level Holding for Now

Recently, cryptocurrencies and Bitcoin (BTC) have seen a significant drop. Bitcoin was not the only crypto to see a steep fall as other markets have seen one as well, including equities which are down between 30% and 40%. Crypto market daily performance. Source: Coin360 These movements also meant a further drop in altcoins. However, some outcomes have been doing slightly better than Bitcoin in recent weeks and one of them is XRP. XRP price on final USD support before $0.06 XRP USD 1-week chart. Source: TradingView The XRP/USD chart shows…