General Motors Files Patent for a Blockchain-Based Navigation Map

Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles. According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020, existing maps are “difficult to keep dynamic without incurring large costs.”One potential reason for this is that most maps are maintained through specialized vehicles, whose reach will necessarily be limited to just a few specific…

Analyst Who Called Bitcoin’s $3,000 2018 Bottom Thinks This Is Next

Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that liquidated dozens of millions worth of short positions. Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed The price action has convinced many that a bottom is decisively in for the digital asset…

Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC

The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue. The Crypto Rating Council, or CRC, is a group of major United States’ crypto firms that advocates and promotes regulatory clarity in crypto. Recently, the CRC evaluated a number of new cryptocurrencies to determine whether they should show signs of being securities. Three new tokens are analyzed In an April 2 blog post, the CRC…

Face Masks Are Useless Against America’s Biggest COVID-19 Threat

The United States’ face mask dilemma is becoming outrageous. The CDC just contradicted earlier guidance by recommending all Americans wear face masks. Other countries are upset with the U.S. for outbidding them and halting deliveries of gear. While the U.S. may secure more face masks than other countries, we’re still overexposed to our careless leaders. The face mask saga in the United States is reaching absurd proportions. The U.S. is accused of blocking face mask exports to other countries. States are receiving face masks from the national stockpile that are…

Is China Losing Its BTC Mining Monopoly?

This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12. Cryptocurrency market performance. Source: Coin360 The drop had several consequences on the Bitcoin network. Having reached the $3,800 price range, the accentuated drop forced some Bitcoin miners to throw in the towel and shut down their operations due to mining becoming unprofitable.…

BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this number could grow even larger.  Unsurprisingly, the trillion-dollar banking industry has already expressed interest in digital identity solutions. For example, Everest, a blockchain-based digital payments provider, has recently formed a partnership with BRI Remittance, a subsidiary of one of Indonesia’s largest…

The Dow Will Hit 15,000 Before Reaching Bottom – Here’s Why

After the Dow hit bottom on March 23, it rebounded with five days of gains. The Dow has risen despite record jobless claims and other dreadful numbers, but the rally won’t last. The worst is still to come as the Dow could plunge as low as 15,000. For those who think the Dow has already reached a bottom, don’t be so sure. More pain is coming in the stock markets. The Dow Could Plunge As Low As 15,000 According to James McDonald, CEO of Hercules Investments, stocks should have at…

Binance Shelters Against Job Losses During Global Pandemic

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn. In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as…

2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term. Dan Niles, the founding partner of Alpha One Capital Partners, said in a note to clients that the dire economic consequence of the coronavirus pandemic could lead to a steeper correction in the U.S. stock market. With Q2 earnings…

Exchange CEO Forecasts Crypto Market Uptick in Coming Weeks

As the world sits in flux between coronavirus and financial market concerns, AAX crypto exchange CEO, Thor Chan, thinks cryptocurrencies will ultimately make out ok. “During a period of intense panic, many investors fled the markets in search of cash, or to defend their positions elsewhere,” Chan told The Merkle in a March 30 interview, referencing recent plunging crypto and mainstream markets. “Cryptocurrency markets suffered together with all other markets,” he continued, adding: “But over the coming weeks and months, as governments cut interest rates, I think we will see…