Latest Evants News

              The United States Government has given another contract to Simba Chain which is a startup supported by Defense Advanced Research Projects Agency (DARPA). US Military Authorities Fond Of Simba Chain Simba Chain, the favourite startup of the US military authorities, would now develop a blockchain project for the US Department of Defense (DoD). The DoD rewarded Simba Chain with $200,000 contract so that it could build a proof-of-concept for a blockchain-based system which would be used for securing the management of authority’s research and development documentation . The contract is a Phase I of that contract which comes under the Small Business Innovation Research (SBIR) program. On May 12, 2020, while making the  announcement , DARPA-backed startup stated that as per the contract the would create Authenticity Ledger for Auditable Military Enclaved Data Access (ALAMEDA), a blockchain project, which has been scheduled to ge...

The Bitcoin-based Amazon payment facilitator, Purse.io, on April 16, 2020,  notified  its users via email that after providing services for six years, now it is shutting down the business. The company, while thanking its customer , stated, “ We've made the very difficult decision to dissolve the company. We're grateful for the opportunity afforded by our supporters to build products and infrastructure for the cryptocurrency community .” Purse.io Provided Discount To Amazon Buyers Purse.io was introduced into the market in the year 2014 to offer a discount to those Amazon users who would pay their bill in Bitcoin. To do so, the Amazon payment facilitator would first select the parties who wanted to sell their Amazon gift cards, then link them with Bitcoin-wielding buyers.    On April 16, 2020, the site closed its sign-up feature and also banned any new entry on it. In its announcement, the platform mentioned that if there is any ongoing order or withdrawals...

Jason Appleton , Crypto Crow of the cryptocurrency industry , noticed that his account was banned from YouTube, and a day later it was restored. On April 08, 2002, Appleton tweeted about ban and stated that without giving any warning to him, YouTube banned his channel. He further pointed out, “No idea why my channel was hit with this. They really don't tell you anything. I'm crushed right now. I'm stunned. I feel I've done everything properly ”. The very next day of his tweet, i.e., on April 09, 2020, YouTube  restored  his channel. While expressing his joy Appleton tweeted that he is happy as his channel is back on YouTube. Appleton has around 81,000 subscribers on YouTube. YouTube Is Ramping Up Media Platform In December 2019, YouTube banned channels and accounts related to cryptocurrency. In March 2020, YouTube started ramping up the media platforms but after a few days, it lifted the ban imposed on those channels. A report suggested that Appleton account...

A   report   by CB Insights , a New York-based company, notes that the blockchain i nvestment in China's startups is increasing. The report highlights that in 2015, almost 50% of US-Based companies accounted for technology growth in blockchain. China was way behind by just 2%. However, now the equation yes changed. By the end of last year , data reveals that the blockchain use by startups fell to 31%, and in the same year China grew rapidly and solidify itself firmly in the blockchain technology department, with 22%. The co-founder and head of partnership at Upright , space revealed that China sees that for better understanding, tracking and insight of an individual's financial activity, blockchain is essential. The Chinese people started invested immensely in it ever since the president of China Xi talked about it. CB Insights Report Highlights The Impact Of Chinese President Declaration Referring to the same, the President of China mentions it as t he br...

COVID-19 pandemic has caused uncertainty in the global financial market. The world economy is going through a very t ough time due to the coronavirus outbreak . Amid this, it could be seen that the crypto market is still giving some hopes to the global economy. Crypto users across the world have started believing bitcoin and other digital assets as a safe-haven amid this crisis .     Cryptocurrencies have also seen s ome adverse effects due to the outbreak worldwide. Crypto market has also gone down to its lowest in this month due to COVID-19 but soon returned to its revival. LongHash’ s report looks at pearson correlation scores  In the  report  by LongHash, the user activities on cryptocurrencies have been recorded amid this pandemic. The report has focused on the top ten c ryptocurrency and the crypto users activities on them. According to the Pearson correlation scores that has been used to identify the patterns of close correlation , it ...

The creator of the silk road, Ross Ulbricht, turns 36 today and like the last six years, he would be celebrating it in prison again. Ross Ulbricht is a convicted felon and he is serving two life sentences for his involvement in the silk road fiasc o. He cited a libertarian paradise as the reason to bring silk road into existence, but then it went downhill. He stated "Silk Road was   supposed   to be about giving people the freedom to make their own choices , to pursue their own happiness. However, they individually saw fit. What it turned into was, in part, a convenient way for people to satisfy their drug addictions." The e uphoria of free-market which Ulbricht catapulted to the forefront lasted for a couple of years, starting from 2011, till an iron fist was put on i n 2013, when Ross Ulbri cht was arrested and put behind the bar in 2013, by the FBI. He is in their custody for years now. When the trails against the accused were carried o ut, he was found ...

In a bizarre change of events, bitcoin is being propagated by the US federal deposit insurance c ooperation, (FDIC) as they are telling people not to stock up with dollars. The reason cited is that it is not the brightest idea to load dollars t ho me as it's not safe; they are asking consumers to choose an FDI C haired institution to bank with. With the insurance limit of $250,000, FDIC is a g overnment agency tasked with protectin g the financial s ystem of the country, and it's investors . Interestingly, this development comes at a time  when the board is announcing infinite cash supply and rates being slashed massively.   FDIC Gov ✔ @FDICgov Forget the mattress! Keeping large sums of cash at home is risky. The best place to protect your money is in an FDIC-insured bank where it’s safe and sound. Learn how the FDIC safeguards your # money at http:// FDIC.gov/deposit   1,052 7:45 PM - Mar 24, 2020 Twitter Ads inf...

Bitcoin (BTC) price is experiencing a to psy-turvy ride right now with extreme bitcoin volatility resulting in a difference of $1350 in the high and low record of yesterday. Bitcoin was o n the brink of $ 7,000 yesterday in the early morning, but when approaching its end, it was lingering around the massive low of $5,565. It prompted a release from a top derivative and crypto trader, TraderXO who stated : TraderXO @TraderX0X0 Wild af out there... wew - ill just enjoy watching the charts for now.. Been a solid day not going to over trade 135 3:46 AM - Mar 21, 2020 Twitter Ads info and privacy See TraderXO's other Tweets On Coinbase platform , the hourly chart was incredibly heightened , the price dwindle then went up in consecutive hours by more than $500. The volatility index is off the rails right now and   keeps fluctuating at a blistering pace , way more than what we've witnessed in the l...