Will China Launch its Blockchain Service Network Amid the COVID-19 Pandemic?

Numerous cryptocurrency media outlets have published recent reports asserting that China’s Blockchain Service Network will launch in April 2020. However, these predictions appear to be based on local reports published prior to China’s first official fatality resulting from COVID-19. China’s Blockchain Service Network commences testing in October 2019 On October 15, 2019, Chinese state-operated media outlet, Xinhua news, reported that the country’s Blockchain Service Network, or BSN, had commenced testing. The project’s six-month internal testing phase was initially scheduled to finish at the end of March 2020. The development of…

Despite 10% Crash, Bitcoin Price Still Has This Key Silver Lining

Bitcoin hasn’t performed all too well over the past 24 hours. After holding $6,700 for days on end, the cryptocurrency suddenly tanked on Friday evening, falling as low as $6,050 by the next morning, marking a decline of 10% from the daily highs. The cryptocurrency has yet to recover, remaining under $6,200 as of the time of this article’s writing. Despite this, BTC’s chart printed a bullish silver lining, one that may support it moving forward. Bitcoin Holds Crucial Moving Average, Boding Well For Bulls If you’ve been on Crypto…

Cardi B Ignores Millions in Need, Tries to Save ‘Tiger King’ Instead

Cardi B recently went on a Twitter rant defending ‘Tiger King’ star Joe Exotic. She even said she would start a GoFundMe account for the imprisoned zoo owner. Joe Exotic is not only a bad person, but Cardi could be helping out so many other people affected by the coronavirus pandemic. Cardi B has always walked her own path. But that path is starting to get a little ridiculous. Such a worthy cause, Cardi B. | Source: Twitter The rapper took to Twitter to rant about the trending new Netflix…

Do Video Games Subconsciously Teach Users Crypto Economics?

The underlying premise of many video games might actually give people a core understanding of economics, especially in the crypto space. “As a kid, I played a lot of RuneScape,” crypto YouTuber and programmer Ivan on Tech said in a March 28 video. RuneScape is a medieval era fantasy game in which players interact with other live players, completing journeys, buying, selling, and trading various tools and materials, as well as battling. “A part of RuneScape is that it has its own economy,” Ivan said. “There’s actually a lot of…

Trump’s New York Quarantine Could Quickly Turn Into Chaos

President Trump has said he is considering a “short-term quarantine” on areas walloped by the coronavirus. Connecticut, New Jersey, and New York would be the areas affected. New Yorkers haven’t always responded well to authority, will this time be any different? Earlier today, President Trump claimed he was considering a short-term quarantine of New York. New York, New Jersey, and parts of Connecticut could be quarantined as well. As coronavirus cases continue to rise in those areas, Trump said he’d “rather not do it, but we may need it.” Source:…

Binance Removes FTX Tokens Citing Confusion

Major crypto exchange, Binance, has decided to remove leveraged FTX tokens from its exchange, explaining that customers don’t understand the product. “Due to lack of understanding of how leveraged tokens work by many of our users, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs,” the exchange announced on March 28.  Binance will shut off deposits and withdrawals for the assets on March 31 at 8 a.m. UTC, with a stoppage in trading at 10 a.m. on the same day.   Binance only recently listed the…

Malta Denies Two Crypto Exchanges Have License to Operate

The Malta Financial Services Authority, or MFSA, has issued an alert on March 25 about two crypto exchanges that do not have licenses to operate, nor are they regulated in the country. COINMALEX and Crypto Foxtrades are the exchanges that the country’s financial watchdog alluded to in the statement, as both companies claimed on their websites that they had the necessary regulations and licenses to operate. Crypto Foxtrades claimed that they had the “Category 3 Investment Services” provider from the Maltese authorities to operate. The MFSA clarified the following about…

As Recession Looms, Could a New Economy Be Ushered in by… Chrissy Teigen?

Chrissy Teigen recently went on Twitter looking for lettuce. She ended up trading her banana bread for lettuce from a YouTube star. This small act could lead others to employ the barter system in this downtrodden economy. Chrissy Teigen is not known for her financial advice, but in this case, she could lead millions of people into a whole new economy. Teigen recently went on Twitter in search of some lettuce. She has plenty of money, but for whatever reason, she wanted to pay for it with banana bread. This…

Cryptocurrency News From Japan: March 22-28 in Review

This week’s headlines from Japan included Bitbank adding smartphone compatibility for identity verification, Fobi Japan announcing leverage trading, Coincheck announcing order limits, Rakuten Wallet announcing margin trading, and product trading company Marubeni testing blockchain for tracing steel pipes.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank launches smartphone ID verification Japan-based crypto exchange, BitBank, recently added smartphone compatibility for its Know Your Customer, or KYC, practices. Using their smartphone cameras, customers can now snap pictures themselves and related required paperwork for verification.…

U.S. Has the Most Coronavirus Cases in the World, But Donald Trump Still Won’t Act

The U.S. officially has the most coronavirus cases in the world, surpassing China and Italy. Donald Trump still refuses to accept the severity of the virus and allowed it to spread across the U.S. By not restricting movement, the U.S. is allowing coronavirus to spread at an uncontrollable rate. In January the world watched in horror as Wuhan, China battled coronavirus. People criticized Beijing, they blamed Chinese culture and they debated how to properly manage such an outbreak. Fast forward two months and the U.S. has found itself dealing with…