Bitcoin Fundraising Campaign Against Covid-19, Bitcoin Cash Halving And More

Bitcoin Cash registered a meagre 5.9% climb on then halving day

Italian Red Cross raises $32K in Bitcoin fundraising campaign

Binance shuts down $1 Mn theft accusation case

Bitcoin halving is due next month, however, there appears to have a whole lot of other factors which will equally affect the Bitcoin price in the longer-run.

Unlike what German bank BayernLB had earlier predicted that Bitcoin halving would drive the price to $90K, there are reasons to believe that the halving hype will be shortlived.

Meanwhile, on April 8, as another popular cryptocurrency Bitcoin Cash went through the halving there was hardly any noticeable climb. Bitcoin Cash registered a meagre 5.9% climb on then halving day, which is not unusual given its volatility.

Image | CoinMarketCap

Italian Red Cross Receives Crypto In Donation

Since its launch on March 12, the Italian Red Cross’ Bitcoin fundraising campaign has so far received $32,000 as donation for Covid-19 assistance in Italy.

While the first target of €10,000 in Bitcoin was achieved in just three days, the campaign has hit the second target of raising €25,000 in Bitcoin within a month. The transactional charges are worth 0.55%.

Commenting on the campaign, Bruno Pietrosanti, president at Colli Albani Committee, said, “With great pleasure, we reached the first main milestone of our fundraising. We are happy to have turned the received donations into a tangible aid and we are excited to have received so much help from the Bitcoin community.”

Binance Shuts Down $1 Mn Theft Accusation Case

In a recent statement, Binance has disclosed that having complied to all necessary due diligence steps as required by Korean law enforcement agency in the B.K. case, the exchange has decided to shut down the theft case until a further query from the authorities is raised.

On November 8, 2019, a Binance user named B.K. had stolen  3,995 ETH in funds from a South Korean citizen by impersonating a Binance official. The Korean agency had later requested…

Source Link