[Bitpush Morning News] Crypto markets collectively rise; US economic stimulus draft includes "digital dollar" content; mining company HIVE files legal action against hive.io

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[Crypto markets collectively rise, Bitcoin breaks through $6,400]

In the past 24 hours, the cryptocurrency market has risen collectively. Bitcoin, the largest cryptocurrency by market value, rose more than 7% from below $6,000 to over $6,400. Other major cryptocurrencies also closed higher, with Ethereum up more than 5%, XRP up more than 3%, Bitcoin Cash up 6%, Bitcoin SV up more than 4%, and Litecoin up more than 7%.

[The U.S. Democratic Party’s economic stimulus draft includes the creation of a “digital dollar”]

U.S. House Democrats are working on a massive economic stimulus bill to respond to the coronavirus pandemic and its economic impact. One version of the bill released includes a paragraph that, if passed, would create a "digital dollar" to be used to provide stimulus payments. It is unclear whether the digital dollar provision will be included in the final version of the bill.

[hive.io faces legal action from mining company HIVE]

HIVE Blockchain Technologies, a publicly traded mining company in Vancouver, Canada, issued a notice on Monday that its legal representatives have issued an ease-and-desist order to Hive.io, a new chain forked from Steem. The company said that Hive.io is using its investment to build goodwill. The mining company said in the notice: "In response to multiple shareholders' inquiries related to the blockchain's statement, HIVE clarified that the blockchain has no connection with the company. HIVE believes that the use of 'HIVE' and 'HiveBlockchain' by the blockchain, whether intentional or not, is confusing with the company's brand."

[BSV anonymous computing power once exceeded 50%]

An anonymous mining pool has taken up the vast majority of the BSV network's computing power, raising questions about its security and legitimacy. The entity behind the sudden surge in computing power is unknown, but its share is increasing. CoinDance data shows that nine days ago, BSV's anonymous computing power totaled 675PH/s. However, in the past 24 hours, this part of the computing power has jumped to 1535PH/s.

[HashCash is about to launch the "Corona Fund Index Cryptocurrency"]

On Monday HashCash announced the upcoming launch of the "Corona Fund Index Cryptocurrency" (CFIX), which promises traders the opportunity to "profit from the bear market caused by the Corona crisis." The CFIX, which is negatively correlated with the S&P 500, will be paired with USDT and is scheduled to be released on April 2.

[Ruble's decline is good for Russian Bitcoin miners]

As the Russian ruble fell from 60 rubles to 80 rubles to the dollar in two weeks, the average electricity price in Russia fell from 5 cents per megawatt hour to 4 cents. Although the price of Bitcoin itself has plummeted, Bitcoin is still denominated in US dollars, which makes the bear market less painful for Russian mining farms. Alexander Shashkov, founder of Intelion Mining, said: "Since the price of cryptocurrency is pegged to the US dollar, the decline of the ruble is beneficial to miners."

[ZenGo CEO: Long-standing DeFi DApp vulnerabilities remain unfixed]

ZenGo CEO Ouriel Ohayon said the security vulnerability BaDApprove poses a risk to users that has not been adequately addressed. The vulnerability is not a code error, but a problem with how the wallet interacts with users and sets transaction permissions by default. This opens the door for malicious DApps to interact with user funds without the user's knowledge or consent, which could steal the entire Ethereum assets.

AuthorXiu MU

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