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Life still carries on, even if under lockdown. Here’s the story:
Noelle Acheson is learning to cope with a quarantine. “Most of us go through life with an arrogant belief that we’re immune from the worst life can throw at us. We’re not, but even if that were the case, this is not about us anymore,” CoinDesk’s director of research writes in a letter explaining how she’s coping with the lockdown. “Stay safe, everyone. And stay home.”
Steem stakeholders are planning to hardfork from Justin Sun’s majority-control blockchain. "My own opinion, Justin Sun thought this was a voting war," Dan Notestein, Blocktrades founder, said. “He didn't understand that the underlying value of those tokens is the community. In the end, if not enough people support those tokens, they become worthless." Full steem ahead
Mark Karpeles claims the plaintiff suing him is attempting to “thwart” the court. The former CEO of Mt Gox said the person holding him liable for losses incurred after the exchange collapsed has “doomed his fraud claim by directly contradicting the underlying allegations in his Complaint," reads the filing. New claims
The much anticipated Wyoming-based crypto bank announced its C-Suite. Avanti Financial Group, the first firm to disclose its application to become special purpose depository institution in the state, has brought on Bitcoin Core developer Bryan Bishop and Figure Technology’s Zev Shimko as founders. “It was important to find people with experience in both crypto and traditional finance services because the two are so different,” Caitlin Long, Avanti CEO, said. Banking on crypto
A spyware firm with crypto links is building a coronavirus tracker. The Israeli tech company – perhaps best known for selling surveillance tools to Saudi Arabia – NSO Group’s top ranks reportedly have significant ties to the blockchain industry. Surveillance uncovered
Scammers purporting to sell pandemic essentials – including face masks, hand sanitizer and medication – have stolen at least $2 million in cryptocurrency from panicking consumers. Separately, two Canadian nationals have been sentenced for stealing bitcoin from an Oregon resident through a Twitter scam. Full stories here and here |
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Bitcoin faces another down day as equities reject stimulus efforts. The cryptocurrency's prices were "better bid" 24 hours ago when global equities were flashing green. Sentiment, however, soured during Wednesday's Asian trading hours when futures tied to the S&P 500 fell by 5 percent, triggering a "limit down" – the maximum percentage decline possible in one trading day. Sentiment soured
With coronavirus weighing heavily on everyone's mind, CoinDesk took to Twitter to ask readers what is most concerning during the pandemic. Check the vote
Votes were split near evenly, with the majority of respondents citing personal or public health as their primary worry. Taken together, however, many see the economy and the markets as entering troubled waters, with a summed total of 57.5 percent of the vote.
Still, others had more meta-concerns.
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CoinDesk Research's latest monthly report examines Binance, Cash App and Coinbase fiat onramps, crypto's faltering narrative as a safe haven asset, and “criminality” as a use case for crypto networks. The report also looks ahead (and back) to bitcoin halving impacts, as preview to the event slated later this Spring. Full report
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| The latest Markets Daily covers the tokenization of $20 million dollars worth of whiskey, and all the ways techies can help out during the COVID-19 crisis. Listen in |
WHO WON #CRYPTOTWITTER
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Life under lockdown