BTC plunges as world markets collapse
Despite the popular view of Bitcoin and cryptocurrency as a safe haven from world market volatility, BTC prices fell from their temporary rally at $9,100 to the $7,800 mark, with cryptocurrency watchdog Whaletrades reporting a sale of more than $21 million in BTC at $7,800, followed by multiple trades totaling more than $11 million at $7,850 to $7,800 per BTC.
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Facebook takes on Zoom
Facebook takes on Zoom
The new feature allows users to stream video calls made in Messenger Rooms on Facebook Live. Facebook users who create a Messenger Room will be able to stream a live broadcast of the call from their profile, a Facebook Page or a Facebook Group, allowing large audiences to watch in real time.
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Foxbusiness
Bitcoin in focus, as halving takes center stage
Crypto investors shift focus to the Bitcoin halving event coming in just a few days as volatility returns to the market. Bitcoin halving will reduce the mining reward per block (from 12.5 BTC to 6.25 BTC) to maintain the supply. Bitcoin crashed almost 50% in March, but the price rebounded to reach the $9,000 mark. Bitcoin’s hash rate also recovered to reach close to an all-time high
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Medium
Zoom shelves development to address privacy issues
Eric Yuan, the founder and CEO of video conferencing app Zoom, which has shot to 200 million daily active users amid the coronavirus pandemic, has announced that the company will be putting roll-out of new features on hold after Zoom received widespread criticism over its treatment of user privacy and security. Yuan says the company will instead focus on fixing the issues users are facing with the software.
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TechCrunch
Corporate banking startup Penta gets €18.5 million in funding
A corporate banking services startup called Penta, with headquarter in Berlin, Germany but operations expanding in Italy and Serbia, has successfully raised 18.5 million EUR in its new round of funding. Investors such as RTP Global and HV Holtzbrinck Ventures led the round. Penta aims to provide specialized banking services for small and medium-sized enterprises, called SMEs.
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TechCrunch