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Wuhan Coronavirus Outbreak Could Cause Potential Disruption to the Crypto Market

Since the coronavirus patient was identified on Dec. 1, 2019, in Wuhan, the capital of Hubei province in China, the virus has since claimed at least 100 lives. With at least over 4,500 cases confirmed worldwide, the Dow Jones Industrial Average has seen its fifth consecutive daily decline, dropping 1.6%. The S&P 500 also declined 1.6%, witnessing its … Continue reading Wuhan Coronavirus Outbreak Could Cause Potential Disruption to the Crypto Market

What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

The Wuhan coronavirus death toll hit a daily high, with 565 deaths, and 3694 confirmed cases, a slightly lower number than the day earlier. 28,261 cases of infection have been reported worldwide, with most cases confirmed in Hubei province in China. Syren Johnstone, the Executive Director of the Masters of Law (Compliance and Regulation) Program the … Continue reading What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes. The World Health Organization … Continue reading The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

Blockchain-Powered Donation Tracking Platform Shanzong Seeks to Propel Transparency Amid Coronavirus Scare

With coronavirus having claimed more than 1,800 lives, capturing vital statistics is fundamental in having it curbed. Shanzong, a blockchain-enabled donation tracking platform, has been established in China to boost efficiency and transparency of giving. Notably, some traditional charities have been marred with a lack of proper accountability when it comes to distributing resources to … Continue reading Blockchain-Powered Donation Tracking Platform Shanzong Seeks to Propel Transparency Amid Coronavirus Scare

WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments

With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to track everyone who bought fever medicine in the province. Provincial officials have taken measures to grasp tighter measures to better control the outbreak, as the situation … Continue reading WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments

Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic

On March 25, Binance in its blog post announced the launch of its new fundraising project titled ‘Crypto Against COVID’ which aims to raise $5 million in cryptocurrencies. The funds will be used to buy medical equipment for the countries worst affected by Coronavirus. “Binance will be leading this effort with an initial donation of … Continue reading Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic

Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

During a recent inspection in Zhejiang, Chinese President Xi Jinping emphasized the necessity for the various decisions and arrangements of the government to plan for prevention and control of the coronavirus outbreak and economic and social development work. He pointed out the importance of the implementation of epidemic prevention and control as well as the … Continue reading Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

Blockchain companies have become a hot property in China over the years, and the rise in company registrations surged following Chinese Leader Xi Jinping announcement last October that the country must strive to become the global blockchain leader. According to a report from China Finance, many larger businesses across China are blockchain companies in name only and in fact have little … Continue reading Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers

In a survey conducted by The Economist and Crypto.com, it found that consumers generally had more trust in central bank digital currencies (CBDCs), rather than decentralized cryptocurrencies. The Economist and Crypto.com surveyed 3,048 people from January to February this year, with respondents from developed countries including the US, UK, France, South Korea, Australia, and Singapore, … Continue reading CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers

China to Build ‘Digital Central Bank’ Infrastructure, Striving to Become the World’s Leader in Digital Currency Development

China’s Central Bank, People’s Bank of China (PBoC) is planning to look into building a digital central bank infrastructure to improve the standards of financial services in the country. On May 18, the Chinese Central Bank’s 2020 video conference on scientific and technological work was held in Beijing. The meeting focused on the technological achievements … Continue reading China to Build ‘Digital Central Bank’ Infrastructure, Striving to Become the World’s Leader in Digital Currency Development