BLOCKCHAIN

South Africa Looks to Blockchain to Reduce Unemployment

[ad_1] The South African Presidential Commision on the Fourth Industrial Revolution believes that blockchain technology and Artificial Intelligence could help reduce unemployment in the country.Commissioner Mpho Dagada told the Blockchain Africa Conference in Johannesburg this week that blockchain could bring important economic benefits.“We face two significant challenges in the country: reducing unemployment and increasing our Gross Domestic Product (GDP),” he said. “[The] Fourth Industrial Revolution policy creation can create economic
Business

Bitcoin Price Drops to $3,637, Rebounds Above $5,200 Within Minutes

[ad_1] Within the last hour Bitcoin price dropped below $4,000 after abruptly plummeting 11.24% to a new yearly low at $3,782. The sharp downside move seems short lived as the price quickly rebounded to $5,260.BTC USDT 1-hour chart. Source: TradingViewOn the 1-hour timeframe traders will notice that a strong oversold bounce took place after the relative strength index dipped to 8.45, a low not seen since November 23, 2018. For the
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Darknet Markets Keep Shipping as Shoppers Shun the Streets

[ad_1] These are strange times for crypto. While it’s blood in the markets, it’s business as usual on the darknet, where marketplaces are seeing a steady inflow of cryptocurrency. They’re also seeing an inflow of new users as the repercussions of the coronavirus pandemic make online commerce the safest way to shop. Also read: Darknet Markets Flourish as White House and Empire Toast Milestones Retail Downturn Leaves the High Street
Business

MEW App Allows You to Buy Crypto Instantly — But There’s a Catch

[ad_1] MyEtherWallet has released a mobile app called MEWconnect that allows users to buy crypto in under 15 seconds — but there’s a catch.Users need to have Apple Pay and face fees of 3.99% in the United States, and 5.25% in the rest of the world. Google Pay is not yet supported.Still, this is the first mobile app and fiat onramp for MEW — one of the widely used cryptocurrency
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Investec To Bring Bitcoin Custodial Services To SA Investors

[ad_1] Investec, a South African banking specialist and asset management group, is set to offer cryptocurrency custodial services. The just ended Blockchain Africa Conference 2020 featured Investec as a headline sponsor. During their keynote address, the group announced new blockchain-related features expected to be rolled out soon. Source: SA Crypto Chris Becker, Blockchain Lead at Investec Private Bank, took to the stage to make the announcement. He said: Our blockchain
Business

Crypto Market Meltdown Continues as Bitcoin Price Drops Below $5,000

[ad_1] After a tumultuous day of trading which saw Bitcoin (BTC) price drop 28.35% from $7,650 to $5,500, the carnage restarted at 11:00 (UTC) when Bitcoin abruptly dropped another 24%. This brought the price to $4,679, a new 2020 low and a price not seen since April, 2019. The price action of the day means Bitcoin’s 2020 gains are completely wiped out and the asset is currently 58.07% down from its
BLOCKCHAIN

Blockchain Analysis Helps Bust ‘Mr Dark’s’ Rape and Child Porn Site

[ad_1] A Dutch national known as ‘Mr Dark’ — who allegedy made $1.6 million in cryptocurrency from hosting violent rape and child pornography videos — has been indicted by a Federal Grand Jury in the District of Columbia.Michael Rahim Mohammed, 32, allegedly operated the ‘Dark Scandals’ website, which has operated on both the darknet and the normal web since 2012.The site hosted more than 2000 videos and images, and advertised
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Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout

[ad_1] Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal Reserve to slash rates even more and a few speculators expect a 100 bps rate drop by next
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Crypto Trader Gets $0.0001 LINK Order Partially Filled on Binance

[ad_1] A trader who placed an order for LINK on Binance in January 2019, got extremely lucky when the asset flash crashed today on Binance. The trader’s order partially filled allowing them to purchase 900K tokens at $0.0001 each. A deal so good, it feels like a steal A “Set and Forget” stink bid that is over a year old partially filled on $LINK/USDT today at $0.0001 due to a
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Huobi and Bithumb Crypto Exchanges Back Online After Congestion

[ad_1] Huobi and Bithumb, two of the leading exchanges in Asia’s crypto markets were both paralyzed by congestion, during the early morning crypto flash crash. Both exchanges have announced that they were overwhelmed by traffic during the crash, but are back online now, operating normally. Huobi is one of the largest crypto exchanges in the world, and the 4th largest by liquidity. Huobi has a global presence in crypto, with