Blockchain App Used to Track COVID-19 Cases in Latin America

A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America. Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety and cut store wait times by reducing gatherings in tight spaces, reducing the probability of contagion.”  The software program could associate locals’ government ID numbers with unique blockchain records, allowing authorities to determine if they…

A Key Trend Is Forming For Ethereum and A Swift Rally Could Occur

Ethereum is trading nicely above the key $140 support zone against the US Dollar. ETH price is showing a few positive signs and it could attempt to rally above $145. Ethereum is currently consolidating above the $140 support area against the US Dollar. The price is still struggling to gain bullish momentum above the $145 resistance. There was a break above a major bearish trend line with resistance near $142 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong increase as long as…

Stellar to Match XLM Donations to Six Non-Profits During April

The Stellar Development Foundation is matching donations in Lumens (XLM) made to six non-profits during April, including the Tor Project — the team behind ‘The Onion Router’ anonymizing browser. Donations will be matched up to a total of 1.9 million XLM (roughly $79,300), with the foundation launching the initiative by donating 100,000 XLM ($4,200) to each of the charities  Stellar to match donations to Tor Project On April 4, the Tor Project announced that the Stellar Development Foundation had pledged to match all XLM donations on a 1:1 basis this month.…

Adult Entertainment Supported by Crypto Shoppers During Quarantine

While many crypto holders around the world are practicing self-quarantine and other measures to limit social contact, some are turning to the adult industry for comfort.  Speaking to Cointelegraph, cryptocurrency payment processor CoinGate reported an increase in purchases from adult stores in March over activity in February. Sites like ManyVids and LiveJasmin had 17% and 8% increases in cart sizes, respectively. Other adult stores reported a 36% increase in turnover.  Most of these merchants are based in Europe, where measures are in place to limit people from leaving their homes…

The Coronavirus Crisis Can Reshape America’s Future – For the Better

Amid the coronavirus pandemic, American life is up-in-the-air as President Trump warns of a “rough week” ahead. It’s important to analyze an “after” once the virus has run its course and no more confirmed cases are announced. The “after” will be co-dependent on what lessons the U.S. and other countries take heed of after the crisis. The coronavirus, or COVID-19, has been spreading and infecting countries globally since the beginning of January. U.S. Becomes Virus Epicenter The U.S. recently became the most infected country worldwide, with confirmed cases now exceeding…

Bitcoin Bottomed at $3,800, Price Poised to Rally 25%

Over the past few weeks, Bitcoin traders have been divided over whether or not the crypto market has bottomed. Interestingly, many have said no, simply citing the fact that there’s no telling how long the coronavirus crisis will last and how that uncertainty and economic damage will affect traditional markets, especially equities. Though, a popular crypto trader recently shared a very familiar fractal seemingly confirming that the bottom is in. Related Reading: Crypto Tidbits: Bitcoin At $7,000, FATF Regulation, Coinbase Backs Ethereum DeFi Fractal: Bitcoin Bottom May Be In Trader…

Coronavirus Could Trigger Mortgage Market Crash as First FDIC-Insured Bank Falls

Mortgage holders could be in trouble as the first FDIC-insured bank falls in West Virginia. High-risk mortgage notes are vulnerable to being called, which would make mortgages due in full immediately. Mortgage holders are under pressure as the coronavirus pandemic sweeps America. West Virginia’s First State Bank became the first bank to fall after the coronavirus pandemic rapidly swept across the United States. The potential closure of more regional banks in the near-term poses an unexpected threat to mortgage holders in the near-term. Mortgage note calls may happen, which may…

Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears

Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform. On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva. Monopoly Market to ban vendors using coronavirus as ‘marketing tool’ On April 2, dark web journalist, Eileen Ormsby, tweeted a screenshot posted by Monopoly Market’s operator that threatened permanent bans against vendors “caught flogging goods as a ‘cure’ to Coronavirus.” “We…

In Legal Battle With US SEC, Telegram Sees New Support From Trade Association

The Blockchain Association, a major United States-based trade association in the crypto sphere, has filed a new brief in support of Telegram amid the firm’s continuing legal battle with the Securities and Exchange Commision (SEC). The amicus brief and the SEC’s lack of clarity The April 3 brief takes the SEC to task for backtracking on its own guidance for legally distributing digital assets.  Referring to the inconsistency that issuers of digital assets must cope with when dealing with the SEC, the brief says that “No settled precedent or agency…

The Fed’s Frantic Bid to Save The Economy Is Doomed to Fail

The Federal Reserve has committed $4 trillion to save the economy. But one analyst says we’re doomed anyway. He argues there’s one critical factor monetary stimulus can’t fix. The Federal Reserve is going billions on this economic and financial crisis. But that figure of speech is actually incorrect. The Fed is going trillions on it. The central bank’s balance sheet just shot above $5 trillion for the first time — ballooning 12.4% in just a week to get there. When all is said and done, the Fed has planned a…