24 Trillion US Debt: Could This Be Pushing The Bitcoin Price To Astronomical Heights?

$24 Trillion US Debt: Could This Be Pushing The Bitcoin Price To Astronomical Heights?

By Lorenzo Stroe – April 9, 2020

According to reports, the U.S. National debt has just crossed above $24 trillion for the first time ever putting the Debt per citizen at $72,890.

Around $800 Billion in debt was added between January 2020 and today as the year started at around $23.2 Trillion in debt. Clearly, the Coronavirus pandemic had a detrimental effect on the overall U.S. economy with stocks plunging faster than ever. 

The S&P 500 has seen a bounce recently but it’s still far away from its peak at 3,380 in February. Currently, the index is at 2,749, a substantial increase from the bottom at 2,237 but investors are not confident.

How Is Bitcoin Reacting?

On the other side, Bitcoin seems to be doing quite well and doesn’t seem to mind the debt or U.S. crisis at all. Initially, the digital asset was following the steps of the traditional stock market and crashed significantly, however, Bitcoin only needed a few weeks to almost fully recover. 

Right before the crash, Bitcoin was trading at around $8,000 and it is now trading around $7,300, only $700 away from the prior normal price. The bulls have managed to set a strong daily uptrend and broke the correlation with the traditional stock market shortly after the crash.

If Bitcoin Is A Safe Haven, Why Did It Crash?

Although the Safe Haven narrative seems to have taken a big hit, there is a good explanation for the recent crash. The traditional stock market around the world plummeted which led to investors losing a lot of money and eventually forcing them to sell other assets to cover the losses, even gold plunged.

There is obviously no way for any asset to never go down, Bitcoin has now proved to be at least a good investment in times of economic uncertainty. The 85% bounce in 11 days from $3,782 to over $7,000 is the proof. During the same period of time, the S&P 500 crashed from 2,480 to 2,237.

Bitcoin is now eyeing up $8,000 and probably more as it is facing very little resistance after this point.

DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

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The original article written by Lorenzo StroeZachary and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

Why a Central Bank Digital Currency CBDC Will Be Launched Soon

Why a Central Bank Digital Currency (CBDC) Will Be Launched Soon

In a bid to keep up with cashless payments and investors hedging with Bitcoin, Central Banks will have no option than to launch CBDC.

John P. Njui   •   World   •   April 9, 2020   •   3 Min read

Quick take:

  • The three major economies of China, France, and South Korea have recently been linked with expressing interest in launching their own Central Bank Digital Currencies.
  • Interest in crypto by private citizens has risen slowly but surely after numerous signs of a global recession.
  • The Coronavirus has highlighted the need to go entirely paperless and Central Banks will have to lead the charge or risk losing a competitive edge to Bitcoin.

In the past few weeks, the countries of France, South Korea, and China have made headlines in their willingness to experiment with Central Bank Digital Currencies. On the 30th of March, Banque de France requested interested parties to apply for a new project aimed at testing the use of a digital Euro to settle interbank transactions. The Bank of Korea made a similar announcement earlier this month that it too was exploring the issuance of a CBDC. Additionally, the People’s Bank of China has confirmed that they are still researching and developing a national digital currency.

Why CBDCs Will Become a Reality Very Soon

To begin with, we have mentioned three very prominent central banks. France is one of the big 4 countries in Europe. The other 3 include the UK, Germany, and Italy. For France to call on applications for the exploration of a digital Euro, its officials have done all the much-needed research and projections. They have probably concluded that they need to be first-in-market with such a digital currency or risk playing a game of catch-up to the country that launches the first CBDC in Europe. In a sense, Central Banks are probably competing to be the first to embrace the technology. Competition is usually good and results in superior products and services.

Secondly, as COVID19 continues to have a negative effect on the global economy, private citizens around the globe have started the process of hedging their fiat holdings with gold and Bitcoin. The popular author of ‘Rich Dad, Poor Dad’, Robert Kiyosaki, recently advised his Twitter followers that it was time to buy physical gold, silver, and Bitcoin. He further expressed the notion that the Feds did not know what they were doing with their stimulus plan of continually printing money.

Therefore, to remain relevant and rebrand themselves as modern and technology conscious, Central Banks around the world will probably launch digital versions of their local currencies to continue with the narrative that they are still in control and there is no need to panic.

Thirdly, the Cross border payment industry is now completely bypassing local banks. These days, an individual on one side of the globe can send his/her relative some BTC which can quickly be sold for local fiat through peer-to-peer platforms. Additionally, there have been a few revolutionary crypto debit card solutions already in the market that can be loaded with fiat from BTC. Times are rapidly changing and Central Banks want a share of these transactions.

Fourthly, the spread of COVID19 through physical banknotes has highlighted the need to go entirely paperless. For now, the numerous CBDCs in research and development are focused on interbank transactions. However, it is only a matter of time before governments start providing digital wallets for their citizens. This was proposed in the first version of the $2 Trillion Stimulus bill that was passed by both Congress and the US Senate. If it was considered in the draft bill, then it is only a matter of time before it becomes a reality.

Conclusion

Where there is smoke there is fire. And right now the smoke is visible through prominent global Central Banks expressing their interest in experimenting with CBDCs. It is therefore not wrong to predict that we will see the implementation of such Digital currencies before the end of this decade. Perhaps 10 years is too long and we might see one Central Bank fully launch a CBDC before the end of the year.

(Feature image courtesy of Drew Beamer on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

CTI League Formed To Fight Cyberattack On Medical Sector Amid COVID-19

CTI League Formed To Fight Cyberattack On Medical Sector Amid COVID-19

By RTTNews Staff Writer | Published: 4/3/2020 11:10 AM ET

A group of Cyber Threat Intelligence (CTI) experts, incident responders, and industry experts formed a CTI League to prevent or neutralize cyber threats at the time of COVID-19 pandemic. There has been a surge in cyberattacks on healthcare agencies that are fighting in curbing the spread of the COVID-19 pandemic.

The league members work to identify, analyze and neutralize all threats, especially the attacks against front-line medical resources and critical infrastructure of medical or health-related organizations.

The CTI League volunteers would help the medical sector with takedown, triage or escalate the relevant cyber attack, malicious activity or critic vulnerable to law enforcement agencies and the national computer emergency response teams (CERTs).
CTI experts will also help boost the cyber defense capabilities of various companies and train the employees on how to identify and thwart such attacks.

The league will help ensure hospitals and clinics protect their internal systems and databases for patients, healthcare workers, and volunteers. Reports claim that there has been a 150 percent increase in healthcare cyberattacks in the last two months, including phishing emails and ransomware.

Cybercriminals are using software vulnerabilities to launch ransomware attacks on healthcare facilities and demanding payments in cryptocurrencies such as Bitcoin to restore their systems back to normal. They are also distributing malware disguised as coronavirus-related health care products to steal personal information.

This international league spans more than 40 countries and consists of about 400 cybersecurity volunteers to counter hacking campaigns, including senior professionals from Microsoft, ClearSky Cyber Security, Okta and Amazon. This league is claimed by some to be a cyber version of the Justice League.

According to the CTI League, the goal of this platform is to foster a positive community, dedicated to sharing information and protecting end-users from COVID-19 cybersecurity threats. However, it is purely for threat intelligence work and not to be exploited as a for-profit resource.

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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2 Reasons Why Ethereum ETH Could Reclaim 200

2 Reasons Why Ethereum (ETH) Could Reclaim $200

Technical analysis indicates bullish momentum as ETH 2.0 launch approaches in July.

John P. Njui   •   Ethereum News   •   April 8, 2020   •   2 Min read

In brief:

  • Bitcoin has led a resurgence in the crypto market and looks set to erase all losses experienced in mid-March.
  • With BTC currently experiencing sideways movement, Ethereum could experience a second wave up.
  • The Eth 2.0 upgrade of Serenity, is scheduled for July 2020.

There is a general sense of optimism in the cryptocurrency markets that has been brought about by a resurgence of Bitcoin. The King of Crypto has broken the $6,900 resistance level. BTC is currently trading at $7,300 and looks set to erase all losses it experienced in the month of March due to the impact of the Coronavirus. When we look at our favorite alt-coin of Ethereum (ETH), the cryptocurrency has experienced the proverbial resurrection after gaining 27% between the 3rd and 7th of April 2020. In this time period, the price of Ethereum moved from $137 to a local high of $175.

Bitcoin's Sideways Movement Might Allow ETH to Move Higher

As earlier mentioned, Bitcoin seems to be consolidating around the $7,200 – $7,300 zone thus giving Ethereum the room needed to also consolidate and continue on its upward trajectory. It is a known fact that once BTC starts to move in a sideways movement, altcoins thrive.


6-Hour ETH/USDT courtesy of Tradingview.com

Further looking at our favorite 6hr chart, we find that the Ethereum price is trading above the 0.5 Fibonacci retracement level identified in an earlier analysis. Our ETH/USD chart shows that $168 is offering a good level of support for ETH. Additionally, its current price at $169 is above both the 50 (white) and 100 (yellow) moving averages. This, in turn, means that it is currently in bullish territory in the market after breaking the wedge we had also identified in our last analysis.

However, for the price of ETH to reclaim $200, it has to overcome the following resistances.

  • $179
  • $188
  • $195

Additionally, the 6-hour MACD and MFI indicate that the cryptocurrency will either be trading at its current level for a few more hours or experience its own sideways similar to Bitcoin's.

ETH 2.0 Upgrade in July

Also worth noting is the Serenity upgrade scheduled for July this year. In a recent AMA session on Reddit, the development team in charge of the platform announced that they were expecting to launch this upgrade by July 30th. In the AMA, the team expressed their optimism that it will be done by the quoted date.

I'm hoping we can launch by July 30, 2020 (the 5th anniversary of Ethereum 1.0). I think it's unlikely we will launch in Q1 or Q2 2020 especially if we want three clients to be production-ready for launch.

The upgrade is meant to implement the highly anticipated Proof-of-Stake (PoS) algorithm and to improve transaction speeds on the network.

Summing it Up

Spearheaded by Bitcoin, the cryptocurrency markets are attempting to erase losses from mid-March. As a result, Ethereum's price might have a chance to keep pushing towards $200 based on technical analysis on the 6hour chart. Additionally, the fundamentals with respect to the news of Serenity being implemented in July will provide additional momentum up for ETH. As with all analysis, the reader is advised to safeguard their ETH/USD position using adequate stop losses.

(Feature image courtesy of Clifford Photography on Unsplash.com.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

US Coronavirus Death Toll Crosses 10000

US Coronavirus Death Toll Crosses 10,000

By RTTNews Staff Writer | Published: 4/7/2020 7:51 AM ET

In a week that was feared as the toughest yet, the coronavirus death toll in the United States crossed 10,000.

As per latest reports, 10,943 people have died of COVID-19, and 367,650 others have been confirmed positive in the country.
This is more than a quarter of the global confirmed cases.

With 10,943 deaths, the U.S. is currently placed third in coronavirus death toll world wide.

New York is the worst-hit state with 4,758 deaths and 131,916 confirmed cases, according to Johns Hopkins University data.

New Jersey is the second badly hit state with 1003 deaths and 41090 infections.

Michigan (727 deaths, 17221 infections), Louisiana (512 deaths, 14867 infections), California (387 deaths, 16363 infections) Washington (381 deaths, 8384 infections), Illinois (307 death, 12262 infections) and Georgia (294 deaths, 7558 infections) are the other worst-affected states.

Meanwhile, President Donald Trump spoke to his potential presidential rival Joe Biden on Monday over telephone. He discussed the federal response to the pandemic with the former Vice President, who is confined to his home in Delaware unable to engage in traditional campaigning.

The White House issued the details of the Trump administration's all-out effort to fight one of the biggest challenges the country faced in its history.

The Federal Government deployed over 3,000 military and public health professionals in New York, New Jersey, Connecticut, and other parts of the country most affected by Coronavirus.

Since last Sunday, cargo planes have delivered crucial supplies and protective equipment including nearly 300 million gloves, almost 8 million masks, and 3 million gowns.

The government is delivering an additional 600,000 N95 masks to New York City to support its public hospital system, as requested by Mayor Bill de Blasio.

In all, 1.67 million people have been tested for COVID-19 in the United States so far.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Nestl To Use IBM Blockchain For Traceability Of Zogas Coffee Brand

Nestlé To Use IBM Blockchain For Traceability Of Zoégas Coffee Brand

By RTTNews Staff Writer | Published: 4/7/2020 10:35 AM ET

Swiss food major Nestlé is extending the use of IBM Blockchain to apply blockchain technology to track Zoégas coffee brand to provide coffee lovers greater transparency on product checks and origins.

Nestlé successfully applied blockchain technology to track a popular mashed potato brand in Europe, Nestle Maggi's Mousline puree, in mid-April. It also started tracking GUIGOZ Bio 2 and 3 organic infant milk range on the IBM Food Trust platform in November 2019.

Nestlé has now teamed up with a third party – The Rainforest Alliance – to independently provide reliable data on the coffee brand beyond what is usually disclosed by the company.

The Zoégas coffee brand will be tracked using blockchain-based Cloud network IBM Food Trust solution, which is based on Blockchain Hyperledger technology.

Nestlé has launched select editions of Zoégas whole beans and roast & ground coffee in Sweden. It introduced a 100% Rainforest Alliance certified blend of arabica coffee beans from three origins – Brazil, Rwanda and Colombia.

The Rainforest Alliance provides their own certification information, guarantying the traceability of the coffee, which is directly accessible to everyone on the IBM Food Trust blockchain platform.

One can follow the coffee's journey from the growing locations to the Zoégas factory in Helsingborg where the beans are roasted, grounded and packed. The blockchain-recorded data includes information about farmers, time of harvest, transaction certificate for the specific shipments, as well as roasting period.

Consumers could receive reliable and unfalsifiable information on the supply chain and production by scanning the QR code on the packaging using a smartphone.

Nestlé has conducted several tests as a founding member of the IBM Food Trust platform since 2017. The network connects growers, processors, distributors, shippers, retailers, regulators, and consumers through a permissioned, permanent and shared record of food system data. This will enable them to work together to trace and authenticate products or optimize supply chain processes.

Other firms that are part of IBM Food Trust include Topco Associates, Wakefern, BeefChain, Dennick Fruit Source, Scoular, and Smithfield as well as other multinational companies such as Kroger, Tyson Foods, and Unilever.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Bitcoin BTC Reclaims 7000 as Global Efforts Against the Coronavirus Start to Bear Fruit

Bitcoin (BTC) Reclaims $7,000 as Global Efforts Against the Coronavirus Start to Bear Fruit

Some countries have seen a drop in the infection rate of COVID19 and flattening the curve might finally be happening.

John P. Njui   •   Bitcoin News   •   April 6, 2020   •   2 Min read

In brief:

  • Bitcoin (BTC) has this morning reclaimed the $7,000 value once again.
  • Its movement is amidst global reports of some countries winning the war against the Coronavirus.
  • With halving only days away, Bitcoin might continue with its upward trajectory.

In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’ approach with respect to the price action of BTC. This was due to the fact that the 50 and 100 MA on the 6-hour chart looked set to act as temporary support for the King of Crypto till today, Monday, April 6th.

Bitcoin Reclaims $7,000 On News of Countries Winning the War Against COVID19

At the time of writing this, the Chinese city of Wuhan is coming back to life after several travel restrictions were lifted by the Government. Residents with a 'Green health code' will be allowed to leave Wuhan and the surrounding province. Additionally, the countries of Italy, Spain and Germany, have recorded a decrease in the daily rate of infections in their territories as a result of continued efforts to reduce the spread of the virus.

This reaction of BTC to positive news regarding the war against the global pandemic is similar to an earlier analysis where we postulated the following theory:

…a BTC recovery will only become possible once good news about beating the virus globally, starts to hit the airwaves and internet.

What's Next for BTC/USDT?


6-Hour BTC/USDT chart courtesy of Tradingview.com

Further visiting our favorite 6-hour time frame on the Binance BTC/USDT chart, we observe the following.

The $6,900 resistance level has now been broken and is acting as Bitcoin’s short term support. $7,000 needs to be maintained at least for today for it to turn to some level of confident support. Moving up, $7,200 and the $7,400 zone provide the next level of resistances.

However, trade volume is still considerably low but might improve as the Western hemisphere wakes up in a few hours.

On a Macro level, Bitcoin might go on to reclaim $8,000 and maybe $9,000 as the Bitcoin halving is only 37 days away.

As with all trading analysis, readers are advised to do their own analysis and to use appropriate stop losses to safeguard their leveraged positions.

(Feature image courtesy of Patrick Hendry on Unsplash.)

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Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Decoding COVID-19 – Some Known Questions Some Unknown Answers

Decoding COVID-19 – Some Known Questions, Some Unknown Answers

By RTTNews Staff Writer | Published: 4/4/2020 1:37 AM ET

As the COVID-19 pandemic continues to sweep the globe, researchers, drug companies and world leaders are ramping up the fight against the novel coronavirus. An outbreak of a mysterious pneumonia which was first identified and confined only to the Chinese city of Wuhan, last December, is now a global pandemic, with a death toll nearing 60,000 and an unprecedented economic damage.

1. What is the infectious agent behind the ongoing pandemic?

The COVID-19 pandemic is caused by a virus named SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2). This pathogen belongs to the genera "Coronaviruses", which are single-stranded RNA viruses.

2. Are there other coronaviruses that have infected humans?

Yes. Including the novel SARS-CoV-2, seven coronaviruses have infected humans.

Four coronaviruses, namely HCoV 229E, NL63, OC43, and HKU1 are common in humans and they are associated with mild to moderate upper-respiratory tract illnesses, like the common cold.

Two other coronaviruses – MERS-CoV that causes MERS (Middle East Respiratory Syndrome) and SARS-CoV that causes SARS (Severe Acute Respiratory Syndrome) – are more virulent and have proven fatal in many cases.

The SARS-CoV-2, the causal agent behind the ongoing COVID-19 pandemic, is proving to be deadlier of the lot.

3. What does corona in the name "coronavirus" mean?

First identified in the mid-1960, the viruses were named coronaviruses because of the crown-like spikes on their surfaces when viewed under an electron microscope.

4. What is so novel about this coronavirus SARS-COV-2?

Although all coronaviruses are zoonotic, meaning they originated from animals, mostly bats, the pathogenicity (ability to cause disease) seems to be increasing with each evolving strain.

While the four common human coronaviruses (229E, NL63, OC43, and HKU1) are considered mild pathogens as they cause only common cold, SARS-CoV, the virus implicated in the 2002-2003 SARS epidemic and MERS-CoV, the virus that caused an outbreak of Middle East Respiratory Syndrome in 2012, are considered highly pathogenic.

Even deadlier than SARS-CoV, and MERS-CoV, is SARS-CoV-2, the virus behind the ongoing COVID-19 pandemic.

5. From where did SARS-CoV-2 originate?

As mentioned above, all coronaviruses are zoonotic.

While SARS-CoV originated in bats and was transmitted to people through infected civets, MERS-CoV originated in bats and spread through infected dromedary camels (Arabian camels) to people.

The source of origin of the SARS-CoV-2 has been widely debated, some claiming that it originated in bats, and some suggesting that it is from the scaly, anteater-like animals called pangolins. What is also still not confirmed is through which intermediate host SARS-CoV-2 spread to people.

A recent study in ACS' Journal of Proteome Research suggests that the SARS-CoV-2 could have been transmitted from bats to humans through pangolins.

The Ribonucleic Acid (RNA) of the SARS-CoV-2 has been found to be 80% similar to SARS-CoV and 96% identical to a bat coronavirus. The RNA contains genetic information about the virus.

6. How does the SARS-CoV-2 spread?

The SARS-CoV-2 spreads through sneeze/cough-induced droplets of infected persons. Say, when infected people cough or sneeze without covering their mouth or nose, the virus-laden droplets may fall on persons standing near them and the virus may get into their body through mouth or eyes or nose. Sometimes, people can also contract the virus by touching infected surfaces and unknowingly touch their mouth or eyes or nose with the hand contaminated with the virus.

That's the reason why washing of hands with soaps/sanitizers is recommended.

7. Is the COVID-19 virus airborne?

The World Health Organization says that according to current evidence, the COVID-19 virus is primarily transmitted between people through respiratory droplets and contact routes. In an analysis of 75,465 COVID-19 cases in China, the airborne transmission was not reported. But under certain conditions in hospital settings where procedures that generate aerosols are performed, the airborne transmission may be possible.

Tuberculosis, measles, and chickenpox are examples of airborne transmission of the virus.

Recently, the National Academy of Sciences, quoting certain studies, suggested that the SARS-CoV-2 virus could be spread via bioaerosols generated directly by asymptomatic patients' exhalation, say through normal breathing or speech.

In the light of such findings, it is better to use a face mask when stepping out.

While updating guidelines for slowing the spread of the coronavirus, the CDC recently recommended the use of simple cloth face coverings in public settings where other social distancing measures are difficult to maintain, i.e. in grocery stores and pharmacies. The cloth face coverings recommended are not surgical masks or N-95 respirators as they are critical supplies, reserved for healthcare workers and other medical first responders.

8. How long can SARS-CoV-2 survive outside the body?

SARS-COV-2 needs a living host to survive and multiply. Until it finds a susceptible host, the virus can linger in the air or remain on surfaces for a certain period of time without losing its viability. A study, published in the New England Journal of Medicine suggests that the SARS-COV-2 can survive on plastic and steel surfaces for up to 72 hours, on cardboard for 24 hours and on copper for four hours.

9. What is the death rate for COVID-19?

On March 3, 2020, the WHO announced that globally, about 3.4% of reported COVID-19 cases have died. The seasonal flu generally kills far less than 1% of those infected.

According to experts, it is very difficult to calculate the case fatality rate during a rapidly expanding pandemic.

10. How does the death toll due to COVID-19 compare against SARS and MERS, which are also caused by a coronavirus?

The number of confirmed COVID-19 cases is 1,098,762 and the death toll is 59,172 as of this writing. During the SARS pandemic, there were 8,098 reported cases and 774 deaths. The MERS outbreak, which is still ongoing with sporadic flare-ups, has had 2,519 cases and 866 fatalities.

11. How is coronavirus detected?

Diagnostic tests, done on samples collected as swabs from a person's nose and throat or as sputum, and sometimes on blood collected from them, help to identify if a person is infected with the virus or not. The collected samples are sent to a testing lab where it is processed. Most of the diagnostic tests take 4 hours to come out with the results.

Abbott's ID NOWCOVID-19 rapid test, which was recently rolled out under emergency use, delivers results in as little as 5 minutes.

12. Why is coronavirus infection comparatively lower in Japan?

Despite being densely populated and having a higher percentage of senior citizens, Japan has recorded comparatively fewer COVID-19 cases. Critics say that it is only due to limited testing of people that the exact proportion of infection is not revealed. However, some experts say that the Japanese culture and etiquette like wearing masks or greeting others with a bow instead of shaking hands could be the reason for the slow spread of the pandemic.

The number of confirmed cases in Japan is 2,617, with 63 fatalities, as of this writing. (Source: Worldometer).

13. Can a person who has recovered from COVID-19 be re-infected with SARS-CoV-2?

It is only natural to assume that patients who have recovered from COVID-19 may not contract that virus again, at least not immediately. But there have been instances in some countries, say China and Korea, where patients who seem to have recovered from COVID-19, re-testing positive for the virus after discharge.

Is a re-infection really possible immediately after recovery or does it have anything to do with the quality of the tests? More research is required.

14. Are there any treatments or vaccines for COVID-19?

Currently, there are no treatments or vaccines for COVID-19. A number of companies are racing to find a treatment or vaccine for the same.

Recently, the FDA gave emergency use authorization for Chloroquine and Hydroxychloroquine to be prescribed to adolescent and adult patients hospitalized with COVID-19 as appropriate. Besides malaria, the two drugs are used in the treatment of autoimmune diseases such as rheumatoid arthritis and lupus.

However, the European Medicines Agency has allowed the two drugs only to be used in clinical trials or emergency use programs in the indication of COVIS-19.

In India, the Indian Council of Medical Research's National Task Force has recommended Hydroxychloroquine as a preventive medicine against SARS-CoV-2 infection for high-risk population such as asymptomatic healthcare workers involved in the care of suspected or confirmed cases of COVID-19 and asymptomatic household contacts of laboratory-confirmed cases.

15. What is the latest by which a vaccine for COVID-19 will be available?

Although a number of companies are engaged in the development of a vaccine for COVID-19, leading the pack are Moderna Inc. (MRNA), which began a phase I trial of its vaccine candidate mRNA-1273 in mid-March, and Johnson & Johnson (JNJ), which is planning to advance its experimental vaccine into phase I study by September of this year.

Moderna hopes to have its coronavirus vaccine for emergency use this fall while Johnson & Johnson is aiming to achieve emergency use authorization for its vaccine by early 2021.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Bitcoin Price Analysis: After Failing to Reclaim 7000 What’s Next for BTC?

Bitcoin Price Analysis: After Failing to Reclaim $7,000, What's Next for BTC?

John P. Njui   •   April 4, 2020   •   2 Min read

In brief:

  • Bitcoin exhibited some bullish momentum earlier on in the week. 
  • BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. 
  • However, we are back in familiar territory with $6,900 being the level to overcome once again. 

On April fools day, keen crypto traders managed to identify $6,200 as a good support zone for Bitcoin and rode the $1,000 move that soon followed. The King of Crypto traded briefly at $7,200 (Binance rate) only to soon fall back down below $7,000. A second push by BTC was initiated on the 3rd of April but this time around, it could only get to $7,062.

What's Next for Bitcoin?


6-Hour BTC/USDT Chart Courtesy of Tradingview.com

When we further look at the charts on our favorite 6-hour time frame, we observe the following.

To begin with, BTC has the following near term support zones: $6,600, $6,200 and $5,800. The King of Crypto also has the previously mentioned $6,900 and the newly acquired $7,200 as additional resistance.

Secondly, the MACD on the 6hr chart looks set to cross above the baseline in a bearish manner with the MFI indicating that Bitcoin might have had a local top at $7,200. Additionally, the trade volume has reduced drastically in the last few days indicating that the King of Crypto is destined to retest the aforementioned support zones.

However, its current value at $6,710 is above the 50 (white) and 100 (yellow) moving averages indicating that unless there are some serious fundamentals forcing a bearish turn of events, these two MAs might just act as additional support for BTC. Another likely scenario is sideways movement until Monday. Therefore, it might just be one of those weekends where we sit back and watch what Bitcoin's next move will be.

Death Cross Still in Play on the Daily Chart

A fact worth remembering is that the death cross earlier identified on Bitcoin is still very much in play. The 50 daily moving average crossed the 200 daily moving average on the 27th of March. This means that we are still in bearish territory. The daily MFI is currently at 68 indicating that the move up by Bitcoin, might have come to a short break.


Daily MFI at 68 and a death cross still valid

In the hours and days ahead, the following support zones might be worth noting down.

  • $6,600
  • $6,200
  • $5,800
  • $5,700
  • $5,050
  • $4,450

(Feature image courtesy of Victor Freitas on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author's and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Beware Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic


Image courtesy of CoinTelegraph

            APRIL 02, 2020

Analysis

As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people's crypto holdings.

On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake maps of the coronavirus's spread that steal private data from computers and that install ransomware programs that can only be unlocked with Bitcoin.

Fortunately, regulators such as the United States Securities and Exchange Commission and various American states, in addition to local councils in the U.K., as well as the European Central Bank, have all issued warnings of investment scams.

False claims for Bitcoin

Some of the common schemes include scammers claiming to possess lists of people who have tested positive for COVID-19 in a given area that they will sell to local residents in exchange for Bitcoin. According to research, this is done via phishing emails and texts that falsely claim to be from organizations such as the World Health Organization.

With email subjects such as “HIGH-RISK: NEW confirmed cases in your city,” the scammers trick unsuspecting users into opening the emails. The hackers then use malicious links in the email that, when clicked, steal users' private data.

Scammers claiming to sell protective gear

As shoppers have been stocking up on essentials to prepare for a long quarantine, scammers have been busy for months on e-commerce sites like Amazon, selling counterfeit hand sanitizer and face masks. They charge high prices for items in demand, accept crypto payments and then never deliver the items to the customers.

The scammers have achieved this by luring customers away from trusted sites in order to take payments addressed to phony shipping labels. Finally, the scammers then liquidate the crypto funds using several different exchanges.

Hospitals have not been spared amid these widespread cyberattacks. Reports show that ransomware attacks have been prevalent in hospitals, as they are seen as soft targets. Due to the vital nature of hospital work, victims of cyberattacks who have critical IT systems encrypted by hackers are more willing to pay up whenever such criminals demand Bitcoin to regain access to needed equipment.

Cybersecurity experts have started forming groups such as the COVID-19 CTI League in order to combat ransomware attacks on hospital IT systems during the current coronavirus crisis.

Ransomware

A team of cybersecurity experts called Malware Hunters working together with Kaspersky security analysts have uncovered a new ransomware threat called CoronaVirus. The malware was discovered on a malicious website that claimed to provide downloads of WiseCleaner, a system-optimizing application.

Upon downloading the application, a malicious file activates the CoronaVirus ransomware, thereby encrypting the user's computer. The hackers would then demand payment in Bitcoin to give back the user's access to the computer.

Other scams

Other fraudulent tricks used by scammers include the use of coronavirus maps that infect users' computers with malware. They inject code onto computers that gleans passwords and credit card numbers, as well as other important information stored in web browsers.

Other fraudsters have used articles that prompt users to subscribe to daily newsletters covering the pandemic only to expose their data to cybercriminals. To further take advantage of the global economic downturn, some have created investment and trading schemes that claim to give people an advantage in the market.

Why are scammers using crypto?

While commenting on why hackers and cybercriminals are increasingly facilitating their attacks using crypto, Alex Wilson, a co-founder of The Giving Block — an organization that equips nonprofit organizations to accept crypto donations — told Cointelegraph that Bitcoin is not the only way to extort money, adding:

“The more adoption Bitcoin gets, the more often bad people will also use it as more normal people begin to use it (proportionally). Criminals come to where honest people have their money, not vice versa. In general, illicit activity is much more prevalent in the traditional markets than in the crypto industry by a 10:1 ratio.”

Andrew Adcock, the CEO of crowdfunding platform Crowd for Angels, told Cointelegraph that the reason for the increased use of crypto in cyberattacks is because “the mechanics of Bitcoin ensure that no third party can trigger a 'refund' of a transaction.” This means that if a customer sends crypto to a hacker, they most likely won't get it back.

Tips to avoid scams

In order to avoid falling victim to these scams, Wilson suggests users follow due diligence before submitting funds for any donation. He also warns that most professional nonprofit organizations looking for donations will never ask for a donation directly. Therefore, users should look out for wallet addresses posted on social media as a red flag. He also added:

“Only donate to registered charities to make sure your money is really being used the way you think it is. You can use sites like Guidestar.org or CharityNavigator.org to look up ratings of charities.”

Adcock also recommends users take several precautionary steps to avoid scams. Users should ask themselves a couple of questions before proceeding: Is the origin of the message unknown, and has the email come from a generic address and not from a company? If unsure where the link will lead, do not click on it. Hovering over the link should show the destination. Adcock concluded: “Remember that age-old saying: 'If it sounds too good to be true, it probably is.' ”

Few scams have worked out

The good news is that despite the rise in the number of coronavirus- and crypto-related scams, a number of governing bodies around the world have moved quickly to issue warnings against them. For businesses, however, Adcock advises that:

“There is a fine balance that needs to be found so that genuine companies are not penalized whilst spammers are combated.”

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Original article posted on the CoinTelegraph.com site, by Jinia Shawdagor.

Article re-posted on Markethive by Jeffrey Sloe