Week in Crypto | 22/03/2020 – 28/03/2020

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Binance and Visa launch debit card for Bitcoin payments

Binance, one of the largest cryptocurrency brokers in the world, announced on March 26, 2020 a partnership with the payment giant Visa to issue a debit card that can use Bitcoin and other cryptocurrencies traded on Binance to be used in payments anywhere in the world that accept the Visa banner.

The Binance Card allows its users to cash out their cryptocurrencies, which are received by merchants in fiat currencies. The card, however, is not yet available in Brazil.

According to Josh Goodbody, head of growth for Binance Card, to Cointelegraph: “Initially, users can deposit BNB and BTC on their Binance cards directly from the Binance.com wallet or any other cryptocurrency wallet.”

The launch of the Binance Card will be in Malaysia with the cashout currency being the US dollar.

Sources:  Cointelegraph | Decrypt

Binance launches global initiative that seeks to raise US $ 5 million to combat COVID-19

Binance Charity, a project of the exchange Binance, recently launched an initiative that seeks to raise $ 5 million in cryptocurrencies to purchase medical supplies for the countries most affected by the COVID-19 pandemic.

Binance leads the #CryptoAgainstCOVID campaign by making an initial donation of $ 1 million and committing to donate an additional $ 1 million from public donations. The funds raised will be used mainly to purchase medical equipment and supplies for Italy, Germany, Spain, Iran, Turkey, USA, United Kingdom and South Korea.

According to Binance Charity, all transactions carried out with donated funds will be published to ensure full transparency in the process.

Changpeng Zhao, founder and CEO of Binance, spoke about the initiative in the media: “The cryptocurrency community is a growing force and we have the opportunity to strengthen this through philanthropy. We encourage the community to participate in this initiative by uniting against COVID-19 and, together, we will drive the impact. ”

Earlier this year, Binance in its Binance Charity initiative purchased the equivalent of $ 1.4 million in medical supplies for China through the “Binance for Wuhan” project.

Sources: Cointelegraph | Decrypt | Livecoins 

Fake Chrome extension steals 1.4 million cryptocurrencies

A fake Google Chrome extension stole 1.4 million XRP from users in March. In tweets published on March 24, 2020, the research team “xrplorer forensics” confirmed that fake extensions from Ledger Live are being used to collect backup passwords from users.

According to the team of researchers, most of the stolen cryptocurrencies are still in accounts and a small part is being withdrawn through the HitBTC exchange. So far, there are two “Ledger Live” extensions available for Chrome, both of which have several user reviews that appear to match xrplorer forensics “anti-fraud” warnings.

In early March, Ledger itself had already issued a warning to users about the fake Ledger Live extension, which was discovered by Harry Denley, director of security for the blockchain platform MyCrypto.

Sources: Cointelegraph | Livecoins 

Microsoft launches patent for differentiated cryptocurrency mining system

On 26/03/2020, the global technology giant Microsoft registered the patent “Cryptocurrency system using body activity data”, which describes a new cryptocurrency that uses body activity data for mining, allowing users to mine cryptocurrencies without equipment mining.

The proposal that Microsoft wants to implement would migrate the mining responsibility of computer systems to the use of data generated based on the user’s body activity, which would act as a proof-of-work, allowing the user to unconsciously resolve the calculations computational results of the consensus algorithm.

Although complex, this new mining proposal from Microsoft proves to be a possibility to make the mining process faster, more efficient and with a great reduction of the computational energy expenditure.

Sources: Cointelegraph | Guia do Bitcoin

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