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‘Bitcoins for vaccines’ as black marketeers prep for COVID-19 vaccine roll-out

With COVID-19’s latest mutant strain filling hospital beds all around the world, it’s not surprising that people are anxious to get vaccinated. However, the administration of vaccines isn’t something

The post ‘Bitcoins for vaccines’ as black marketeers prep for COVID-19 vaccine roll-out appeared first on AMBCrypto.

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With COVID-19’s latest mutant strain filling hospital beds all around the world, it’s not surprising that people are anxious to get vaccinated. However, the administration of vaccines isn’t something that will happen overnight, especially since only a few candidates have been approved yet. It’s no wonder then that quite a few people are getting desperate.

This was evident when a recent case of “Bitcoins for Vaccine” surfaced in the Indian state of Karnataka. According to a local newspaper, doctors in the state are reporting that many VIP patients are being offered COVID-19 “vaccines” in exchange for Bitcoins on the black market. The doctors in question are also being harassed by these patients, with many wanting to ascertain the viability of the “vaccines” being offered.

This is an interesting development, but not one that is at all surprising. Black market trades have been around for a long time, and with the COVID-19 pandemic heading into its second year, a parallel economy is bound to flourish. However, what is even more interesting is that the world’s largest cryptocurrency continues to be involuntarily associated with such criminal activities.

Consider this – According to Chainalysis’s Crypto Crime Report for the year 2020, “cryptocurrency transactions associated with criminal activity represented just 1.1% of total activity.” While that might sound like a small percentage, 1.1% of the total activity was worth $11.5 billion.

That’s not all. In fact, just a few months ago, Elliptic reported that $1 billion worth of Bitcoins linked to the infamous black market, Silk Road, were on the move.

The present case of “Bitcoins for Vaccines” can be best described as a variant of ransomware. Here, people are not being extorted out of their Bitcoins. Instead, black marketeers are preying on VIP Patients’ concerns and anxieties about a pandemic, one that has already claimed 1.94 million lives worldwide.

In fact, the desperation of these patients can be evidenced by the fact that in India, no COVID-19 vaccine has been approved for sale yet. According to the Private Hospitals’ and Nursing Homes’ Association’s President,

“Even if one of the Covid vaccine candidates is approved abroad, Indian citizens must wait for the government to roll out the product through the Drug Controller General of India.”

This isn’t the first time the world’s largest cryptocurrency is being “asked” in exchange for something in India. Just a few weeks ago, a minor was kidnapped in the same state, with the perpetrators demanding a ransom of 100 BTC.

Even in the USA, Michigan Governor Whitmer was asked to pay a ransom of $2M in Bitcoin for the safety of its employees.

Source: https://ambcrypto.com/bitcoins-for-vaccines-as-black-marketeers-prep-for-covid-19-vaccine-roll-out

Blockchain

Polkadot, Cosmos, Zcash Price Analysis: 14 April

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On the back of a significant uptrend, Bitcoin, the world’s largest cryptocurrency, climbed from under $60,000 to over $64,500 in less than 48 hours. At press time, however, the crypto’s bullish momentum seemed to be exhausting itself, with corrections setting in and pulling the value of the larger crypto-market south. The same was evident when the price charts of alts such as Polkadot, Cosmos, and Zcash were taken into account.

Polkadot [DOT]

Source: DOT/USD on TradingView

It’s been just under two weeks since Polkadot, the market’s 7th-largest crypto, was trading at its ATH. While corrections soon followed, thanks to BTC’s latest foray above $60k, market bulls once again spurred the movement of DOT’s price action. In fact, over the last few trading sessions, DOT hiked by almost 10%.

At press time, however, corrections affecting the Bitcoin market were taking the toll on DOT too, with the alt losing value by the hour.

Whether these corrections will amount to a definite trend reversal, however, is a question that cannot be answered at this moment. While the Parabolic SAR’s dotted markers were well under the price candles and suggested bullishness, the Chaikin Money Flow was healthy, despite noting a dip to correspond with the alt’s price fortunes.

The project was in the news recently after Tether announced that it will be launching on Polkadot and Kusama.

Cosmos [ATOM]

Source: ATOM/USD on TradingView

Cosmos, the crypto ranked 31st on CoinMarketCap’s rankings, has had a good last few weeks, with the alt consistently registering higher lows on the back of a sustained uptrend. While ATOM hasn’t been a stranger to brief periods of depreciation, the last few days did see the alt surge by over 17.5% on the charts.

Like DOT, the last few hours did see ATOM correct, however, with the crypto trading over 8% away from its ATH.

While the mouth of the Bollinger Bands was widening at press time to point to some degree of incoming price volatility, the Awesome Oscillator pictured positive market momentum on the histogram, despite some bearish signals.

The development team behind the project activated the Inter-Blockchain Communication (IBC) protocol following a vote by members of the Cosmos ecosystem recently.

Zcash [ZEC]

Source: ZEC/USD on TradingView

One of the crypto-market’s leading privacy coins, Zcash has been on a steady uptrend for the past week, with the same punctuated by a set of brief price falls. One of these periods of depreciation was underway at press time after BTC failed to assert itself above the $64,500-mark. That being said, ZEC was still up by almost 10% in just over 48 hours on the charts.

Zcash’s indicators were very ambivalent, however. The MACD line was diverging away from the Signal line following the brief possibility of a bullish crossover. Finally, the Relative Strength Index exhibited buyer’s strength, with the same very close to the overbought zone.

Zcash was in the news recently after the ECC announced Halo Arc for the “next generation of Zcash.”


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Source: https://ambcrypto.com/polkadot-cosmos-zcash-price-analysis-14-april

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Centurion Invest Launches Copy Trading System For CIEx Traders

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Centurion Invest Launches Copy Trading System For CIEx Traders

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Centurion Invest Exchange (CIEx) has launched its copy trading system for its traders. Notably, both novice and intermediate traders can use the new system to boost their earnings, especially in a volatile crypto market. Interested traders can manually copy trades from experienced traders and mutually benefit.

According to H.E. Ali Kassab, Chairman of Centurion Invest, the platform has 25 experienced traders to help cryptocurrency traders make informed and proper decisions.

“Cryptocurrencies are different from other asset types since the prices are volatile, making it much harder for junior traders and investors to establish proper investing strategies. Our copy trading service with over 25 expert traders onboard provides an immediate and convenient trading solution. CIEx novice traders can start trading with an immediate $100 bonus and instantly turn it into profit. As well as accessing the best copy trading feature on CIEx, including trade signals and guaranteed closing with profit, they can also opt for monthly secured income traded funds throughout our investment plans tailor-made for all users,” noted Kassab.

The company has set out a mechanism to incentivize traders who successfully participate in the copy trading system. Kassab further noted that the decentralized nature of the Centurion Invest copy trading platform enables traders to earn by both actively trading and through passive income. Vouching for the platform’s sustainability, Kassab noted that the developers made sure the new platform offers enhanced privacy and more robust security. “Depositing funds and accessing spot and futures trading are made effortless so that novice traders can gain confidence rapidly,” he explained.

By leveraging the power of blockchain technology and human expertise, Centurion Invest Exchange aims to help traders make more profit, especially from the ongoing rally.

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In a bid to attract more customers to its platform, Centurion Invest has put in place different mechanisms. One, the company launched a referral program where anyone stands a chance to win bonuses from referring friends. Currently, the platform is running a limited offer to new customers who register an account with the exchange, whereby one stands a chance to win 100 USDT.

Notably, the company strategically launched its cryptocurrency wallet dubbed CI Wallet last month. The wallet provides key features such as Spot Trading, Futures, and Margins. For anyone interested in subscribing to the Centurion Invest Exchange services, the platform supports Visa, MasterCard, bank transfer, and also through top digital assets.


Ledger Nano X - The secure hardware wallet


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/centurion-invest-launches-copy-trading-system-for-ciex-traders/

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With Berlin looming, how is Ethereum’s price faring?

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The 14th of April 2021 is a historic day for the crypto-community, with the Berlin ETH hard fork expected to go live, alongside a Coinbase IPO valued at over $100 billion. Ergo, it does not come as a surprise that altcoins in the top-25 are rallying, alongside Bitcoin’s run to its latest ATH on the charts.

A top metric that underlines how the current altcoin rally is in response to these two events is increased on-chain activity. For Ethereum, the top metric is the number of non-zero addresses, with the same climbing to touch a new ATH of 57 million recently, based on data from Glassnode.

Here's why the altcoin rally is on for ETH, EOS, ADA, XLM, LTC

ETH Number of Non-zero Addresses || Source: Twitter

Based on the attached chart, the number of non-zero addresses on the Ethereum network has increased consistently with the price and the trade volume. In addition to the number of non-zero addresses, there has been an increase in major activity and metrics on ETH’s network, just as it has been so on Bitcoin’s network.

Here's why the altcoin rally is on for ETH, EOS, ADA, XLM, LTC

ETH’s increasing network activity || Source: Twitter

As can be observed from the attached chart, despite a 63% correlation between ETH and BTC, on-chain activity has risen exponentially for both assets. The bullish sentiment among traders on top spot exchanges is visible in the Options market as well. ETH Option skews have been decidedly bullish with very little variability in Skew.

What’s more, the implied volatility is climbing steadily for ETH too. What these metrics highlight are a) The strong demand for Ethereum Options and, b) Large ETH call premiums were blocked in anticipation of the price rally post the hard fork.

Here's why the altcoin rally is on for ETH, EOS, ADA, XLM, LTC

ETH Options || Source: Twitter

And, it’s not just Ethereum. Besides ETH, top altcoins like ADA, XLM, LTC, and EOS are rallying in response to these updates and Ethereum’s price rally.

EOS’s trade volume, for instance, was up by nearly 50% in a 24-hour window, while the price was up by over 16%. One of the top EOS price drivers has been the fact that one of EOS’s top markets is Coinbase Pro.

Similar on-chain metric updates were noted for Cardano. On the back of two price rallies over the past month, Cardano’s price, at press time, was at a level where 100% of its HODLers are profitable. Similarly, in the case of XLM, the trade volume has been anticipated to increase since Bitcoin’s price rally gained steam. In fact, the trade volume was up by over 40%, with the price rallying with Ethereum. It is likely that the price rally driven by today’s events and Bitcoin’s run to its next ATH may leave the rally less than sustainable, however.


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Source: https://ambcrypto.com/with-berlin-looming-how-is-ethereums-price-faring

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