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1. U.S. Authorities List Blockchain Among COVID-19 Critical Services
In accordance with the COVID-19 guidance issued by President Donald Trump on March 16, the Cybersecurity and Infrastructure Security Agency (CISA), has listed distributed ledger technology (DLT) among the critical infrastructure services needed to effectively reduce the spread of the virus. As such, mentioned blockchain managers as “Essential Critical Infrastructure Workers” are expected to maintain their normal work schedule. CISA has listed blockchain managers in food and agricultural supply chain as critical infrastructure workers. Read Full on BTCMANAGER.
2. House Democrat Introduces Stimulus Bill that would Create Digital Dollar
The U.S. Democratic party is working on massive stimulus bill in response to the coronavirus epidemic and its economic impact. A version of the bill dated March 22 that has been circulating includes a passage that, if passed, would lead to the creation of a “digital dollar” to be used for providing stimulus payments. The Federal Reserve, the nation's central bank could use a “digital dollar” and digital wallets to send payments to “qualified individuals,” consisting of $1,000 for minors and $2,000 to legal adults. Read Full on coindesk.
3. Cardano Intiates Distributed Research Network To Find Vaccine For COVID-19
In a recent development, the Cardano Foundation has called on to support the ‘Folding@Home’ project, an initiative that is focused on disease research.The Project aims to form a distributed supercomputer by connecting computers across the globe, in an attempt to develop a drug to kill the deadly virus. Cardano Foundation explained that it essentially offers a software program that can be installed onto a person’s personal computer to power scientific research and find a vaccine. Read Full on AMBCrypto.
4. Stablecoins Market Surging During Coronavirus
As legacy markets fall and crypto remains in a standstill, some investors might be moving toward stablecoins in a flight to liquidity. The stablecoin market has surged by $1.5 billion in the last month and is now valued at over $7 billion, according to data by Coin Metrics. On the recent rise of stablecoins, Coin Metrics co-founder Nic Carter said it could be related to concerns over “brrr brrr” as the US prints and injects fiat money into markets to stem the fallout of a global economic slowdown. Read Full on Decrypt.
5. Yale Researchers Turn to Hyperledger to Track Carbon Emissions
A team from Yale's OpenLab has been exploring how blockchain, IoT and other data-science tools can be used to measure and track carbon emissions. One of Open Climate’s recent collaborative forays has been within the Linux Foundation’s Hyperledger blockchain greenhouse, where the founder of the Yale OpenLab Martin Wainstein now co-chairs a climate action and accountability working group. “I do think that eventually, it would make sense to have a domain-specific framework similar to HL Grid for climate,” Wainstein said. Read Full on CoinDesk.
6. India Crypto Exchange CoinDCX Raises $3 Million Series on Funding
Crypto exchange CoinDCX has raised up to $3 million dollars in a Series A funding round in order to grow and develop crypto products and services in India. According to the report, the crypto exchange, which is based in the Mumbai area of India conducted a series A funding round involving popular crypto big names like Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX, with participation from other venture capitalists. Read Full on Inc42.
7. Report: 11 Percent of Indonesians Now Own Cryptocurrency
About 11% of all Indonesians own some form of cryptocurrency, according to a recent report by Hootsuite. More Indonesians prefer to hold crypto as the national currency, Indonesian rupee (IDR), is gradually devaluing. It fell against the US dollar to the lowest since 1998 and might update the record low soon. Most of the losses have been suffered this month amid the COVID-19 pandemic. The 11% figure is impressive considering that only about 64% of Indonesians have access to the internet from any device. Read Full on Bitcoinist.com.
8. Report: China's central bank is closer to issuing its digital currency
The People’s Bank of China (PBoC), the country’s central bank, is said to have moved one step closer to issuing its national digital currency. As per Report, the PBoC appears to have completed the development of digital currency's basic function in collaboration with private companies. The central bank is now reportedly drafting relevant laws to circulate the digital yuan. Alipay is said to have publicized five patents related to China's digital currency earlier this year. Judging from the patents, the first step of technological development has been basically completed. Read Full on The Block.