• AMERICA 7 MILLION BUSINESSES MIGHT CLOSE

  7.5 million small businesses are at stake because of the pandemic that is happening. There is a high possibility of closures from these businesses if COVID-19 cases continue to rise. Business owners have also pledged their worries on having a massive decrease in their employee numbers. Because of COVID-19, many employees are having a hard time reporting to work. Problems like transportation, house location, and personal concerns affect their decisions on whether to still go to work or not. The Labor Department says that around 16 million people have requested for unemployment benefits in April after the rise of COVID-19 cases. An increase in this request might have a high probability if the situation doesn’t get any better. It also means that if COVID-19 continues to attack millions of people, the chances that the increase in the unemployment rate will also take place. more

  Apr-16-2020 12:51:22 PM

• ETHEREUM USER FEES SURPASSED UNCLE BLOCK REWARDS IN MARCH 2020

  The fees that the Ethereum users pay for using the robustness of the network are now bigger than what the network spends to keep the pace. The Tokenanalyst data published by Ankit Chipluncar claims in March 2020 the miners of uncle blocks received 20.4K in Ethereum. In the same month, the total sum of money users and smart contracts sent as fees equals 26.1K. Since February 2019, the users’ fees were always lower than the uncle block’s rewards. However, in March 2020, the situation is under a rough change. Worth noting the correlation change, presumably coming after the March 13 big crypto sell-off. Otherwise called the ‘bloody Friday’, March 13 became a day when Bitcoin lost 40% of its price in one day. Ethereum, and other mainstream coins, were following the trend. more

  Apr-16-2020 12:49:55 PM

• CHINA GOVERNMENT IN FURTHER BLOCKCHAIN EXPLORATION

  China is getting further involved in the blockchain industry to help push forward its innovation throughout the country. In a recent release, the government announced an official notice which stated that they have to put together a technical committee of 15 organisations to help devise a plan for national standards on the technology. The government in China is getting further involved in the blockchain industry to help push forward its innovation throughout the country. In a recent release, the government announced an official notice which stated that they have to put together a technical committee of 15 organisations to help devise a plan for national standards on the emerging technology and distributed ledger technology. more

  Apr-16-2020 12:48:23 PM

• BITCOIN’S RELATIVE STRENGTH INDEX WEAK

  Bitcoin’s Relative Strength Index is currently sitting at levels never before seen preceding its halving. It’s unclear yet whether this might be a positive or negative forecast of what to expect next month. Relative strength index (RSI) is a common trading indicator that measures whether an asset is overbought or oversold. Commonly used in technical analysis, RSI is just one tool traders use to assess whether we’re close to a bottom or top. For the time being, Bitcoin’s RSI is at historically low levels — meaning it’s exceptionally oversold before its next halving in May. more

  Apr-16-2020 12:46:28 PM

• ATARI PLANS TO LAUNCH CRYPTO CASINO

  Gaming Giant Atari Plans to Launch a Crypto Casino for Its New Token. The Atari Casino will feature unique skill-based games as well as classics like roulette, poker and blackjack. Atari, the game developer behind classic arcade titles like Pong and current owner of the RollerCoaster Tycoon franchise, has quietly been making moves to enter the cryptocurrency market. Earlier this month, Atari was the largest participant in the third LAND presale for the upcoming virtual world, The Sandbox, with plans to build both an Atari-themed theme park and a RollerCoaster Tycoon park in the voxel style. more

  Apr-16-2020 12:44:34 PM

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