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Ripple Lead Developer Advises On Remote Work

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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. The Atlantic wrote on March 13 that people have anticipated the rise in remote work since the personal computer was invented. Still, the outlet points out that remote work adoption has been slow so far, “but the next few months will be a very strange test” of this kind of work. Bougalis explained that he has worked remotely for 20 years and is currently leading a team at Ripple that is both large and completely distributed. He wrote: “If you’re new to remote work — especially as a manager — and have questions, please ask! I’ll try my best
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Italian Red Cross Launches Bitcoin Fundraiser To Combat COVID-19

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The Italian Red Cross and the Colli Albani Committee are raising donations of Bitcoin and other cryptocurrencies to fight the country’s coronavirus pandemic with the support of Helperbit, as announced on March 12. 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 project. Bruno Pietrosanti, president of the Colli Albani Committee, said that they need to ease the pressure on hospitalizations due to the increase in infected patients and the reduced number of places available in Italian hospitals: On carrying out the initiative alongside Helperbit, a blockchain startup that offers a platform for charities, Pietrosanti added the following: “We believe that an
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Travel Bans Around The World Crippling Crypto

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In the United States, President Trump announced new travel restrictions today in response to the spread of the COVID-19 coronavirus. The Commander in Chief signed a Presidential Proclamation suspending the entry of most foreign nationals who have been in certain European countries during the 14 days prior to their scheduled arrival to the U.S. These countries include Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland. The United Kingdom is exempt. Meanwhile, India announced it would suspend visas for most foreign visitors arriving between March 13 to April 15, and close the country’s land border with Myanmar. Air India has already cancelled flights to Italy and South Korea, the two countries outside China most affected by the outbreak. Other countries, from Australia to
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Huobi Releases New Mobile App

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Huobi Group is a global blockchain company founded by Leon Li in 2013. Currently, the crypto exchange has an accumulative turnover that exceeds USD $3 trillion and offers its services to users from more than 170 countries. Huobi Group has officially announced the launch of its new mobile application, Huobi Lite. Per a March 10 announcement, the new app will allow anyone to trade major cryptocurrencies on Android and iOS without fees or commissions. Users will be able to trade cryptocurrencies with fiat currencies such as the United States Dollar, Vietnamese Dong, Malaysian Ringgit, Hong Kong Dollar and Chinese Yuan through multiple payment methods, including credit cards. Currently, Huobi Lite supports BTC , ETH, USDT, HT, EOS, BCH, XRP, LTC and HUSD, although they have clarified that they expect to incorporate new crypto assets in the future. Users will be able to store, track and manage their portfolios and the company claims that a Bitcoin can be obtained
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Robinhood Crypto And Stock Trading App Is Down For A Second Monday

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After experiencing a major outage last week, major stock and cryptocurrency trading app Robinhood is troubled again. Robinhood encountered another technical outage on Monday, causing its platform to halt trading services, according to a March 9 tweet by Robinhood’s support team. The firm announced earlier on the day: “Trading is currently down on Robinhood and we’re investigating the issue. We’re focused on getting back up and running as soon as possible and we’ll update the status page with the latest.” Subsequently, Robinhood has partially restored trading, noting that they are working to get the platform back up and running fully. According to online reports , the platform was partly functional after just an hour of downtime. As of press time, Robinhood app is still experiencing issues with equities, options and cryptocurrency trading, according to Robinhood’s status page . According to the website, Robinhood has already identified the issue and impleme
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COVID-19 Plagues Crypto Conference

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There has been a rapid escalation of the COVID-19 coronavirus outbreak worldwide . Two major crypto conferences in the US have been affected by the epidemic so far. “ Bitcoin 2020 ”, originally scheduled for March 27 and 28 in San Francisco, has moved to Q3 of 2020 . The Chamber of Digital Commerce also postponed next week’s “ DC Blockchain Summit 2020 ” conference. The rescheduled dates are not yet confirmed, according to the announcements on March 6. Bitcoin 2020 has assured all attendees that their tickets for the conference will automatically be valid for the rescheduled event. They have also asked all registered participants to wait until updated details are announced before requesting a refund. With the Bitcoin halving in May fast approaching, Bitcoin 2020’s goal was to gather the top Bitcoin community speakers and supporters together in one place. They hoped to learn and discuss Blockchain technology’s upcoming milestones, and determine whether the technolo
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Weekly News Update: Cryptocurrency

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ICE Reveals Cryptocurrency Intelligence Program The United States Immigration and Customs Enforcement (ICE) has revealed the existence of a Cryptocurrency Intelligence Program (CIP) in the agency’s 2021 budget proposal. The proposal states that the CIP seeks to identify unlicensed capital flows taking place across peer-to-peer (P2P) marketplaces, online forums, and darknet markets. The CIP was developed by ICE’s Bulk Cash Smuggling Center (BCSC). Lloyd’s New Insurance Offering Covers Crypto Held in Hot Wallets Insurance giant Lloyd’s of London now provides a new type of liability insurance policy to protect cryptocurrency in hot wallets that is lost by theft. Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together with crypto will-focused firm Coincover, with limits from as little as £1,000 ($1,275), Lloyd’s announced on March 2. The policy is also backed by an array of other Lloyd’s insurers, including TMK and Markel, all of whom are members of
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