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Venezuelan doctors will get El Petro for free
Venezuelan medical workers will receive the national cryptocurrency El Petro, according to the decree of President Nicolas Maduro. The head of state made such a decision to thank the doctors who are struggling with the spreading coronavirus in the country.
Revolut users can now buy digital assets
The financial and technological company Revolut announced that it will allow all its users to make the purchase of digital assets. The startup decided to launch this service ahead of schedule to help clients mitigate possible risks in the current crisis economic situation.
NIFA: cryptocurrency exchanges mislead traders
The China Internet Finance Association (NIFA) called on citizens to comply with regulations and not to act with digital assets, as cryptocurrency exchanges provide “exaggerated advertising” to attract potential investors.
Darknet operations fall due to coronavirus pandemic
The downward dynamics that was observed in the quotes of bitcoin and altcoins due to the actively spreading coronavirus also affected transactions conducted on the darknet. The correlation between the price of the first cryptocurrency and activity on the trading floors has decreased by almost 50% since the outbreak of the pandemic, according to the Chainalysis report.
XDEX cryptocurrency exchange closes
One of the largest cryptocurrency platforms in Latin America, XDEX, informed users of its closure, having worked on the market for almost a year and a half.
Experiment: The Banque de France will create a digital euro
The French financial institution The Banque de France announced the launch of a program to create a digital analogue of the single European currency. The main idea of the experiment is to study the possibility of electronic currencies for interbank settlements, and also to determine how innovative technologies can increase the efficiency of payment systems and financial infrastructure.
Coinbase discusses prospects for a growing pandemic
Coinbase cryptocurrency exchange held a meeting at which issues of the functioning of the site during total quarantine were examined. The head of the company Brian Armstrong noted that the crisis time affects all sectors of the economy, which may soon require additional financial assistance from the state, even despite the incentive measures that have already been taken.
Peter Brandt: coronavirus can determine the future of bitcoin
The current crisis in the economy may become a kind of springboard for bitcoin, said Peter Brandt, a well-known trader and technical analysis specialist. Quotes of the first cryptocurrency showed a sharp increase after the announcement of the US Federal Reserve System on the adoption of unprecedented measures to stimulate the economy in the context of the total spread of coronavirus infection. In particular, the regulator lifted restrictions on the purchase of government bonds and securities of US mortgage agencies and reduced the key rate to 1–1.25%.
Cash App: a surge in investor activity
Financial investments in the first cryptocurrency began to increase, despite the collapse of the stock market and the impact on the economies of the rapidly spreading coronavirus, said Square Chief Financial Officer Amrita Ahuja. She noted that investor activity is growing steadily and last week the Cash App application developed by the company was used by a record number of users.
Binance will raise funds to fight against coronavirus
The Binance cryptocurrency exchange intends to raise $ 5 million in digital media as part of its initiative to raise funds to combat the spread of coronavirus infection worldwide. The funds, as noted by representatives of the site, will be used to purchase the necessary medical supplies to fight the disease in countries where the situation is most difficult (Italy, Germany, South Korea, the United States of America and others).
