News

The Bank of Lithuania (BoL) is working on the development of a blockchain platform to support the non-financial sector. As per the report by Europe World News, the BoL unveiled that it has successfully completed the blockchain-powered sandbox ‘LBChain’ initiative.

The Ukrainian Ministry of Energy offered the Energoatom energy generating company to explore the possibility of cryptocurrency mining using the potential of nuclear power plants.

The cryptocurrency market has continued its upward trend. Bitcoin is closing the week at the level of around $8,800 after it had hit the high of $9,400 and then retrieved below the $9,000 mark.

During the COVID-19 pandemic, the necessity to boost supply chain becomes critical, as shipment delays, especially if it concerns medical equipment, might cost someone’s life. Probably that is the reason for some organizations thinking blockchain technology could be the saviour of the ageing global supply chain infrastructure.

Regulations are meant to bring an element of market stability and reduce the risk from fraudulent operations on the market. However, in certain cases, regulations may damage the price and even pose certain cryptoassets under existential threat.

All the top 30 top cryptocurrencies are lighting red indicating a sharp decline in the altcoin market, and this is not good news to the digital currency community. Only 7 cryptocurrencies out of 100 tokens are in green. Bitcoin (BTC) is struggling to hit and surpass the $7,000 mark.

As the COVID-19 pandemic spreads around the world, the demand for medical supplies such as test kits, reagents, masks etc. skyrockets. In its turn, the growing deficiency has pushed a growth in counterfeit products.

The election to the National Assembly, which is normally held once every four years, is coming on April 15, and it has attracted a lot of people's attention. As previously it has been difficult to track electoral promises, now they will be recorded on the blockchain to make politicians actually fulfil them.

Darknet shops that sell drugs and stolen credentials are now offering N95 respirator masks and anti-malaria medicines. To stay anonymous, these underground entrepreneurs accept bitcoin payments.