VHCEx Newsflash | 6th March 2020

CoronaCoin Allows you to Cash-in on the Spread of the Corona Virus

According to the Bloomberg’s Corona virus tally, the virus has infected more than 90,000 and caused 3,119 deaths at the time of writing. While world leaders are making moves and plans to contain the Corona virus, there is a group who have introduced the CoronaCoin, a cryptocurrency which allows people to trade based on the spread of the virus, relying on the death toll and those being infected.

There is just over 7 billion CoronaCoins, which represents the number of people throughout the globe. Every time a person is infected or dies from the virus, a coin is burnt.

Reuters also reported that the developers of the coin have also publicised the project as “2019-nCoV relief effort” with claims that 20% of the profits made by the CoronaCoin will be pledged to the Red Cross to help battle the virus. While some raise the issue of CoronaCoin being untactful given the current situation, Sunny Kemp said that it’s no different to the pandemic bonds offered by World Health Organisation.


Crypto Ban Lifted in India

Image Source: Crypto Rand Group

Coindesk recently reported amazing news as India’s Supreme Court recently reversed a Reserve Bank of India notification that had restricted banking access for cryptocurrencies. When RBI’s notice came put in April 2018, it damaged the market as India had about $50 million to $60 million daily trading volume prior to it. Many are foreseeing positive outlook from the court’s decision with Nischal Shetty, a prominent founder & CEO of a cryptocurrency exchange, anticipates trading volume on Indian cryptocurrency exchanges to increase by 10 times in the near future while Ashok Singhal of CoinSwitch predicts daily colume to reach or exceed the previous $50 million to $60 million level.


Elon Musk Endorses Dogecoin… Again

Image Source: The Coin Republic

Celebrity endorsement usually reflects positively towards any cryptocurrency’s value and 33rd ranked Dodgecoin is experiencing some rise in value after Tesla founder Elon Musk tweeted in favour of the coin. He previously said that Dogecoin is his favourite an even became its interim CEO for a brief period in 2019.


HTC’S 5G Router Can Process a Full Bitcoin Node

Image Source: Dailyhodl

The newly launched Exodus 5G Hub by HTC can not only offer 5G connectivity, but also handle the processing of a full Bitcoin node. This enables users to record and verify transactions as well as secure the Blockchain network. Its Zion Vault allows one to own crypto keys as well as view their assets including BTC, ETH and LTC. In its previous efforts, HTC launched two smartphones with crypto features under the Exodus brand.


More Than 7000 Crypto ATMs Are Available Worldwide

Image Source: Bitcoinik

There are now more than 7,000 crypto ATMs in the world spreading across 75 countries. Cointelegraph reports that these ATMs handles several cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH),  Ether (ETH), Dash (DASH), and Litecoin (LTC).

Robocoin placed the world’s first crypto ATM in 2013 with $10,000 worth of BTC transacted on its first day and there’s now 42 different manufacturers with an average of 11.7 new crypto ATMs added daily.


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