BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis. The 2020 coronavirus financial crash could be the biggest opportunity Bitcoin has ever seen On March 17, BitMEX’s research arm, BitMEX Research, published an analysis of the ongoing impact of COVID-19 pandemic on the financial markets. Titled “Inflation Is Coming,” the blog post by BitMEX Research outlines the coronavirus financial market crash as the biggest economic turmoil since the 2008 …

Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. KuCoin announces two new appointments alongside company restructuring According to a March 17 announcement, KuGroup encompasses three business divisions in the company, including KuCoin Global, KuCloud and KuChain & KCS Business Group. As part of the strategy and company structure upgrade, KuGroup has carried out some restructuring in its team, appointing KuCoin …

Amid censorship in China of all coronavirus-related content circulating online, Sarah Zheng, a journalist for the South China Morning Post, claimed to have managed to publish an interview made to a doctor about the coronavirus within Ethereum network. According to a tweet published by Zheng, Dr. Ai's words from Wuhan (the epicenter of the COVID-19 outbreak) were posted on the Internet, thanks to the use of Ethereum blockchain to store its content in the network. Methods used in the interview to avoid censorship The interview, as The Straits Times reports, was also encrypted with QR codes and deliberate typos, leaving …

Spain’s National Securities Market Commission (CNMV) has halted short selling in an effort to secure local stocks from the recession caused by the coronavirus epidemic. The ban will last one month, starting from March 17, with possible extension for additional periods not exceeding three months, Bloomberg reported on March 17. In an email to Bloomberg, the CNMV explained that it made a commitment to take such action: “Due to the extreme volatility taking hold of European securities markets, including those based in Spain, their performance in the context of the situation arisen as a result of the virus COVID-19 and …

Japan’s crypto community has found a way for those seeking to avoid crowded places to still participate in meetups across the country. According to sources available to Cointelegraph, Bitcoin Cash (BCH) meetup groups in Osaka and Tokyo will be allowing members to virtually chime in at regularly scheduled events. Though Japan has less than 1000 reported cases of infection, companies and organizers in the country are starting to offer more suggestive language in announcements to curb the spread of the disease. Namely, that people should work from home, reduce time on public transit, and not attend large gatherings. The Tokyo …

In the midst of the global emergency caused by the Coronavirus pandemic, the Argentine government confirmed on March 14 that they suffered a hack on the website of their official gazette (Boletin Official) based on blockchain technology, where false statements regarding the coronavirus were spread. According to officials quoted by El Cronista, there were direct hacking attempts that failed to enter the newsletter's system. Still, the hackers located a vulnerability that allowed fake news to be spread through edition 34,239 of the bulletin. Such information mentioned some guidelines that were supposedly adopted for state employees amid the coronavirus emergency in …

Analysts had predicted a recession for years and it should not come as a surprise, according to crypto-focused market research firm Crebaco. Crebaco claims in a report shared with Cointelegraph that the recession that has taken hold of the markets was anticipated by many analysts over the last several years. The document reads: “The Global markets have been correcting since [the] last few days. Some blame it on CoronaVirus, some curse on crude oil.” As the report points out, Bitcoin (BTC) corrected by over 50% in 36 hours while the CAC, DAX, S&P500, Nasdaq, HK Stock Exchange and Nikkei and …

Cryptographer and leading C++ software engineer at Ripple Nik Bougalis offers advice on remote work management to firms amid the coronavirus pandemic. In a March 16 tweet, Bougalis offered his help to company managers looking to have their teams work remotely. His proposal comes as the ongoing epidemic resulted in a global push for remote work in an attempt to decrease the opportunities that the disease has to spread further. Remote work encouraged amid the pandemic The Atlantic wrote on March 13 that people have anticipated the rise in remote work since the personal computer was invented. Still, the outlet …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drops to $3,637, rebounds above $5,200 within minutes Whenever there’s a big crash on the stock market, traders on Wall Street are often pictured with their heads in their hands — surrounded by a sea of screens with red numbers. This week, it was crypto’s turn. Bitcoin prices had been relatively stable in …

The proliferation of cryptocurrency companies seeking to donate or raise funds for coronavirus relief efforts continues. Ethereum-based crowdfunding platform, Gitcoin, is advancing this trend by pledging at least $50,000 in development grants toward coronavirus-related initiatives. On March 14, Gitcoin tweeted that its fifth round of grants already has $50,000 committed toward “public health” initiatives. However, it is seeking to reach a minimum of $100,000, with the goal of distributing sufficient funds to multiple efforts. Gitcoin seeks $100,000 raise for public health projects The project has invited the public to refer relevant health projects to Gitcoin, noting that submissions will be …

Welcome to Cointelegraph China Focus. Focus is a new talk show series launched by Cointelegraph China that covers the hottest topics from around the world. Cointelegraph China Focus invites blockchain industry leaders from all around the globe to participate in discussions. The show is hosted by Vadim Krekotin, the co-founder and CEO of Cointelegraph China. Jeffrey Wernick is a postgraduate student at the University of Chicago studying economics and finance. He has studied under several Nobel laureates, is a successful entrepreneur and is a seasoned private investor in various asset classes. He is also a strong believer of and early …

The Italian Red Cross and the Colli Albani Committee are raising donations Bitcoin and other cryptocurrencies to fight the country's coronavirus pandemic with the support of Helperbit, as announced on March 12. Goals of the new campaign Proceeds from the campaign will reportedly be used to set up a second-level advanced medical post for pre-triage of COVID-19 cases in the country, and it is expected to reach a goal of €10,000 to buy the necessary medical equipment for the infrastructure. The remaining funds will be used to cover the fees of the medical staff that will be involved in the …