Blockchain

European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.Even though coronavirus came from Wuhan, Hubei – a China province, it seems that the country finally made its way on reducing the number of infected people. China’s National Health Commission (NHC) reported a significantly reduced number of COVID-19 cases with 99 new confirmed in the past twenty-four hours. This is, however,...

A recent report indicated that one transaction involving the largest cryptocurrency uses the same amount of electricity as a British household for nearly two months.98% Of Mining Rigs Never AchieveEssentially, Bitcoin mining is the process of creating new coins and confirming initiated transactions. It’s executed by “miners,” who are solving complicated equations. On average, every 10 minutes, a new block is added to the giant distributed public ledger of already existing transactions,...

It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk through a tweet disregarded the ongoing coronavirus panic where he called it ‘dump’. His comment seems to have been welcomed well by a huge group of his followers, where the tweet had hit 1.1M likes at the time of writing.The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6,...

Tezos announced on its new Carthage update has been successfully activated at block 851,969 on the chain. Carthage is the third system-wide protocol update on the Tezos blockchain so far and is focused on making further improvements to the previous Babylon update.The Carthage Protocol UpdateTezos is an open-sourced, decentralized blockchain. According to some, the Tezos network is a real ‘digital commonwealth’ that works to facilitate transactions by creating smart contracts between users....

The partnership between Ripple and Coinone is spreading quite impressively and controlling a large part of the Korean international remittance market.Ripple’s efforts at changing the face of worldwide remittance have brought the company a lot of recognition. Especially as far as cryptocurrency and blockchain technology are concerned, Ripple is easily atop most other companies looking to fuse remittance with crypto. RippleNet now boasts of hundreds of partners and the company keeps spreading...

Ripple’s partner Moneygram will work with Google Cloud and Amazon Web Services to enhance its opportunities and increase customer satisfaction.MoneyGram is working with new partners. These partners are Google and Amazon. They will reportedly use their services to make MoneyGram’s services better. Amazon’s cloud services (AWS) will make transactions faster. Google Cloud will help study customer behavior. The cost of transferring money is now cheaper due to the increase in digital services....

INX IPO will launch soon in New York, security exchange from Gibraltar is planning to change the industry with fully regulated trades. The exchange will feature extended compliance and two separate trading layers – for crypto and for classic securities.This could be one of the biggest business deals in the history of cryptocurrency. INX Ltd., entering a 130 million IPO stage, wants to establish in New York to avoid problems with almighty regulators. Smart move, considering that people like...

Amazon, Facebook, Google and Microsoft are all encouraging employees in the Seattle area to work from home due to concerns about the coronavirus as the outbreak in Washington grows.The coronavirus grew more deadly in the United States, with the death toll climbing to 12 on Thursday. Throughout the country, more than 225 cases have been confirmed. Yesterday, U.S. Senate has agreed on an $8 billion emergency funding package that is headed to the President. Lawmakers across the country are...

The partnership between Ripple and Bitso is proving fruitful as millions of Latin Americans can use the service to send cross-border payments and enjoy cheap, fast and efficient transactions.Through a post on the official website, Ripple detailed the benefits and growth of the partnership with Bitso, the largest exchange in Latin America. Thanks to Ripple, since 2018, Bitso has grown to be recognized as the largest money exchange in Latin America.Bitso Head of Finance Barbara Gonzalez Briseno...

While the coronavirus fears are spreading in the U.S., many tech giants are under their influence as well. MSFT stock lost over 2% yesterday and continues falling in the premarket.Microsoft Corporation (NASDAQ: MSFT) reported that two of its employees in Washington state have been infected with the coronavirus.Meanwhile, Microsoft stock yesterday lost 2.51% and fell to the level of $166.27. The current market cap of the company is 1.26 trillion. In the premarket, MSFT continues falling while...