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Pandemic Highlights Inefficient Systems: Blockchain Can Help

The Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT).In email correspondence with Cryptox, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the

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Amazon Has Thrived During Coronavirus. But the Pandemic Also Poses Grave Threats

The coronavirus pandemic presents both opportunities and threats to Amazon. Legislative scrutiny will only grow as Amazon’s dominance becomes more evident. An increasing number of its lowly paid workers have been dangerously exposed to the novel coronavirus. Amazon (NASDAQ:AMZN) has emerged as one of the leading beneficiaries of the

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Ripple Partners Could Help Pandemic Supply Chain

Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic.Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call

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Europe’s Largest Private Hospital Hit By Crypto Ransomware Amid Pandemic

Hackers infected the IT infrastructure of the largest private hospital in Europe with ransomware.Cybersecurity news outlet, KrebsonSecurity, reported on May 6 that hackers compromised the IT systems of Germany-based private hospital, Fresenius. An anonymous source reportedly informed the outlet that the hospital’s systems were infected by the ransomware known as

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Amid Pandemic Downturn, Crypto Lender Celsius Hits 50K in Bitcoin Deposits

Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin (BTC) in deposits — worth over $380,000,000 — since its launch back in August 2018. With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%. Speaking to Cryptox on May 1,

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