Virus

Since the outbreak of the coronavirus in its central city of Wuhan, China became a target of blame by the world. While Beijing hosts the 2022 Winter Olympic Games next February, it is doubted that many will visit the Asian country. This puts the plan to present the digital yuan to the world at stake.

Various uncommon types of viruses have been created by cyber attackers and are now being used to attack cryptocurrency holders.

As countries brace for elections in the time of COVID-19, they are wondering how possible this can happen while social distancing measures prevail. Blockchain and distributed ledger technology (DLT) seems to provide a good option for organizing and conducting free and fair elections during this time of emergency.

During the first 5 months of this year, the amount of damage caused by crimes related to digital currency amounted to about $1.4 billion, according to CipherTrace research.

Recently, a Russian based website claiming to be selling a vaccine for the Coronavirus was shut down. The website which was marketed on Twitter claimed they sell doses that can be used by at least three people to prevent catching the Coronavirus.

The co-founder of a Blockchain startup confirmed he tested positive for the coronavirus after attending the ETHLondon conference. Mr. Zhen Yu Yong asked people who had contact with him during the conference to take the required precautions and seek medical attention.

Banknotes have been quarantined to protect the Hungarian population, who are fond of cash, against coronavirus infection. The government borrowed a leaf from other countries using it around the world.

The Cryptocurrency market is changing following the onset of the deadly coronavirus virus ‘Pandemic’ which started in late 2019. Data indicates a significant shift in the trend of trading with the cryptocurrency markets for periods before the outbreak of the coronavirus and periods after the outbreak of the virus.

The Chinese authorities move to reduce the use of paper money in the economy in a desperate attempt to control the spread of Coronavirus. Authorities are still puzzled how fast the corona strain is spreading between people.