Microsoft Patents Human-Powered Cryptocurrency System – March 30

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $6,273

Bitcoin price fell over the weekend, briefly breaching support at $6,000, before recovering its way into the $6,200-$6,300 range within the last day of trading.

Top-20 altcoins are in the green, as Ethereum gains 1.5%, XRP remains unchanged, and Coin steals the show with a 7% rise.

Top Stories for March 30, 2020 πŸ”₯

πŸ‘‰ Microsoft Patents Human-Powered Cryptocurrency System

A patent filed by Microsoft was published yesterday, outlining a cryptocurrency system which utilizes “body activity data”.

The patent describes that the cryptocurrency is mined by human body activity in the form of “a brain wave or heat emitted from the user”, rather than computer hardware.

Activity such as viewing ads or using certain internet services are suggested action to be used in the mining process, which would still qualify as a form of proof-of-work.

πŸ‘‰ Binance to Delist FTX Leveraged Tokens to Protect Traders

Binance has decided to move forward with removing FTX leveraged tokens from its platform, citing danger to users in current volatile market conditions.

Users who have trades open in the affected assets will have to close their positions by 31 March. Until this date, they can still trade out existing positions, withdraw funds, or be credited an equivalent value in BUSD at the moment of delisting.

πŸ‘‰ Steem Fork “Hive” Outperforms Original Chain in First Week of Trading

In its first week of trading, Hive – a fork of the Steem blokchain – has outperformed the original chain, almost doubling it in value.

The fork occurred in a community response to a hostile takeover of the original Steem chain by TRON founder Justin Sun, who acquired a large stake in the network in a deal involving social network Steemit.