COVID-19 Initiative Works On Certificate

Those creating self-sovereign identity (SSI) tools based on blockchain are working together on a so-called “immunity passport” to assist in halting the coronavirus’ proliferation, CoinDesk reported.

The COVID-19 Credentials Initiative (CCI) is putting effort toward a digital certificate that allows people to show, and ask for evidence from others of, a recovery from COVID-19, a receipt of vaccination, or a positive test result for antibodies.

Healthcare organizations would make the certificates, but the user would control them. They will be provided to others in a peer-to-peer fashion. More than 60 groups in the SSI industry are working on the effort, including Evernym, TNO and Streetcred, among others.

And, Blackmoon Crypto, which was first a place to exchange Ethereum tokens backed by shares in mainstream firms, is shuttering, CoinDesk reported.

The exchange had sought to be the first to sell the digital tokens of Telegram. The report follows a court order that made the issuance of grams uncertain.

The exchange reportedly made the closure known in an email, per an unnamed user cited in the report. Those who have the BMC coins of Blackmoon will reportedly be able to turn the tokens into USDC stablecoins. All fees have reportedly been called off, and withdraw limits are said to have been taken away.

Oleg Seydak, the CEO of Blackmoon, told the outlet that the cost of regulatory compliance was the rationale for shuttering the exchange.

In other news, traffic on Russia’s digital currency exchanges jumped more than 5.5 percent in March’s final week compared to February averages, per a Qrator Labs study, Cointelegraph reported.

Qrator Labs, for its part, connected the rising figures with heightened interest in the currency markets.

The organization also noted large growth in denial-of-service attacks (DDoS) events on digital currency exchanges. The number of DDoS attacks on digital currency exchanges rocketed by as high as 486 percent over the same time frame. In addition, Russia’s foreign exchange market traffic has risen by approximately 3 percent.

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PYMNTS LIVE VIRTUAL FIRESIDE CHAT: WEDNESDAY, APRIL 22, 2020 | 12:00 PM (ET)

FIs have traditionally approached resilience from a technology standpoint, but ‘Black Swan’ events like the COVID-19 pandemic expose what can go wrong when FIs don’t prepare for the unexpected. Vincent Caldeira, Chief Technologist, FSI, APAC for Red Hat joins PYMNTS CEO Karen Webster to explore how preparedness is impacting FIs’ ability to do business during COVID-19, and the lessons being learned.

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