Bitcoin-prijsvoorspelling: BTC/USD Hervat Upside Momentum, Strijd om te breken boven $18.000 Prijsniveau

Bitcoin (BTC) Prijsvoorspelling – 29 november 2020
Na de uitsplitsing van $19.400 naar $16.400 heeft BTC/USD moeite om het prijsniveau van $18.000 te bereiken. Analisten zijn van mening dat het $18.000 prijsniveau moet worden bereikt voordat de opwaartse beweging wordt hervat. Aan de andere kant moet het prijsniveau van $18.000 worden bereikt voordat er sprake is van enig nadeel.

Resistance Levels: $13.000, $14.000, $15.000
Steunniveaus: $7.000, $6.000, $5.000

BTC/USD – Dagkaart
Op 26 november daalde de Bitcoin naar $16.400 na de afwijzing van de recente high. Op een lager tijdstip zult u merken dat de kandelaars op 26 november lange staarten laten zien. Deze lange staarten geven aan dat er een sterke koopdruk is op een lager prijsniveau.

Deze bullish signals maken een einde aan de downtrend. Daarom corrigeerde de BTC-prijs naar boven toe, maar werd deze afgeslagen op de $17.300. De crypto viel en testte de $16.400 steun opnieuw. In de tweede opwaartse trend steeg de BTC-prijs naar $17.950, maar kon de $18.000 weerstand niet doorbreken. Na een kleine retracement, hebben de stieren zich hersteld om een nieuwe uptrend te hervatten om het $18.000 weerstandsniveau te testen.

Negatieve Bitcoin Headlines Affect Speculators en Not Holders door Morgan Creek

Volgens crypto pionier, Mark Yusko: „Beleggers drijven de waarde op lange termijn, speculanten drijven de huidige prijs. De motivatie en de tijdshorizon voor het betreden van Bitcoin zullen uiteindelijk bepalen of beleggers slagen in deze nieuwe beleggingsklasse“. De CEO van Morgan Creek Capital Management maakte zich zorgen over negatieve krantenkoppen over Bitcoin. De heer Yusko zei dat financiële instellingen zich zorgen maken over de verstorende invloed van Bitcoin en dat ze de invoering ervan willen vertragen. Volgens Yusko zullen er barrières worden opgeworpen tegen de adoptie en innovatie van Bitcoin. Hij zei: „Wanneer ze bedreigd worden, wenden de gevestigde bedrijven zich altijd tot de overheid om te proberen de adoptie van nieuwe technologie te vertragen door middel van zware regelgeving“.

BTC/USD – 4 uur grafiek
Ondertussen stijgt Bitcoin om de 18.000 dollar weerstand opnieuw te testen. Op 28 november testte de retraced kaars het 78,6% Fibonacci retracement niveau. De implicatie is dat de Bitcoin zal stijgen en omkeren op niveau 1.272 Fibonacci extensie of $18.190 hoog. Het zal omkeren en terugkeren naar de 78,6% Fibonacci retracement waar het vandaan komt. De omkering zal echter niet onmiddellijk plaatsvinden.

Swiss financial institutions bet on ETH2, BCH and USDC

Zug-based SEBA has added BCH and USDC support to its portfolio

Bitcoin Switzerland clients have bet 1/7 of the amount needed to upload ETH2

Movements come after board changes and new partnerships

Swiss cryptocurrency-focused financial entities engage their clients with new opportunities. Whether it is expanding existing ecosystems or investing large sums in future projects, Switzerland’s demands for cryptos are only increasing.

Swiss bank SEBA announced on November 19 that it now accepts Bitcoin Cash and USDC stablecoin . The Swiss bank registered with FINMA said that customers can now use the coins / tokens for services. This includes trading , digital custody, interest earning (USDC), and trust loans against BCH. SEBA is headquartered in Zug in the Crypto Valley in Switzerland.

To date, SEBA works with seven fiat currencies, including CHF, USD, GBP, EUR, HKD, SGD and PLN. It also provides access to six cryptocurrencies, namely BCH, BTC, ETH, LTC, USDC and XLM.

The SEBA additions are the first changes to the lineup since the bank changed its board of directors in September. First, the bank replaced the interim president Sébastien Mérillat. The new chairman, Päivi Rekonen, is formerly of UBS, Credit Suisse and Adecco. The addition of Hans Kuhn and Sanjeev Karkhanis to the board has strengthened the management of regulatory and financial risks.

Switzerland is active in the Crypto Valley

Additionally, Zug-based Bitcoin Switzerland announced on November 20 that the company’s clients had wagered over 71,891 ETH into their ETH2 staking. The amount, as of close of business on the 20th, was about one-seventh of the total amount of ETH needed for Ethereum 2 to go live on December 1. At the time that Bitcoin Switzerland released the press release, ETH’s stake was over $ 33 million.

The focus on ETH2 comes after Bitcoin Switzerland announced a partnership with Zug-based Evolute on November 18. The pair will focus on boosting the availability of cryptocurrency assets and targeting content for the Evolute digital wealth management platform for external asset managers (EAM).

The Evolute – Bitcoin Switzerland partnership will help EAMS expand its wealth management services. Through this partnership, EAMs will have the capabilities to acquire and hold digital assets while dealing directly through a known and regulated broker.

La police indienne arrête des kidnappeurs qui ont exigé 134 000 dollars BTC de la victime

La police indienne a déclaré avoir sauvé un dentiste kidnappé, le Dr Behjas Hussain, qui a été enlevé mardi après-midi sur son lieu de travail.

La victime a été enlevée par un gang de cinq personnes dans son hôpital à Kismatpur dans le district de Ranga Reddy, ont rapporté les médias locaux.

Avant l’arrestation, les ravisseurs avaient déjà exigé une rançon de 10 roupies (134 377 dollars) en bitcoin (BTC) de la famille de la victime, a déclaré la police. L’appel à la rançon a été passé via Whatsapp pour éviter que la police n’intercepte la conversation en privé.

Racontant comment la victime a été secourue, les autorités ont déclaré que le gang qui a enlevé le dentiste l’a remis à un autre groupe de quatre hommes qui l’ont ensuite transporté au Bengaluru.

Alors qu’ils transportaient la victime vers un autre endroit aux premières heures du mercredi, ils ont été repérés par des policiers de Telangana qui ont alerté d’autres policiers, et les ravisseurs ont été interceptés.

La police a révélé que deux des quatre ravisseurs ont été arrêtés alors que deux d’entre eux s’enfuyaient, laissant Hussain derrière eux avec les mains et les jambes attachées.

Heureusement, les deux criminels qui avaient fui la scène ont été appréhendés plus tard le même jour alors que d’autres membres du gang étaient arrêtés, ce qui porte à sept le nombre total de personnes arrêtées.

Commentant ce qui a motivé l’enlèvement, les autorités ont révélé que l’enlèvement pourrait résulter d’un différend financier entre le médecin et ses partenaires commerciaux.

Dans un autre rapport, la police indienne a arrêté 11 personnes pour l’enlèvement d’un jeune homme qui aurait été impliqué dans un stratagème frauduleux lié aux bitcoins. La victime a déclaré avoir convaincu ses voisins d’investir dans ce système, qui s’est avéré être une escroquerie par la suite.

Security breaches cost crypto investors $ 7.6 billion since 2011: Crystal report

Crystal Blockchain has published a report on all major security incidents in the blockchain space since 2011.

Since 2011, malicious actors have managed to steal the equivalent of approximately $ 7.6 billion in funds

The report noted that US-based exchanges are the most targeted, while Japanese exchange CoinCheck holds the record for the biggest hack.

Crypto analysis firm Crystal Bitcoin Revolution review has released a report detailing all the major security breaches, fraudulent activity, cyber terrorism and scams in the cryptocurrency arena since 2011.

According to the report , since the emergence of the cryptocurrency markets, 113 security attacks and 23 fraudulent schemes have resulted in the theft of crypto assets worth around $ 7.6 billion. As a press release announcing the report points out, this figure is equivalent to Monaco’s GDP.

The report highlighted some key findings, including on the most common places of exchange security breaches

Unsurprisingly, these are the countries with the most developed crypto markets, namely the United States, United Kingdom, South Korea, Japan and China.

The United States, in particular, appears to be a major target. Since the inception of the blockchain ecosystem, U.S.-based crypto services have been targeted by malicious actors a total of 13 times. In terms of stolen value, however, China remains the leader.

Coincheck in Japan takes the title of the biggest hack to date, with a loss of $ 535 million. Crystal also cited hackers‘ preferred methods, “the most popular method of crypto theft is infiltration of exchange security systems”.

The report ends with a section of predictions from Crystal’s security experts. These predictions are hardly optimistic: “Over the next two years, as the number of blockchains continues to grow, and the methods and technologies used by illegal hackers continue to improve and develop, we can assume that the number of hackers will also continue to increase ”.

Crystal says that with an adequate mode of corrective action, the damage caused by scams and hacks, especially in the case of “hot wallets”, could be mitigated. Overall, the report leaves little reason to believe that the latest Harvest Finance infiltration will be anything but the next installment in a long list of warnings.

Swipe (SXP) Finally Bounces: Has It Hit Bottom?

The SXP moves between the support of $ 0.75 and the resistance of $ 1.20.

Price broke a descending resistance line.

The price just completed wave 4 of a 5 wave bullish formation.

The course Swipe (SXP) increased significantly during the first week of November after a rebound to an important support zone.

The SXP may have completed a bullish momentum, confirmed with a break above a descending resistance line. The price could then continue to increase towards the resistance zones mentioned below.

Swipe Exchange Fork

The SXP price has been declining since its peak of $ 5.15 on August 13. On November 3, it hit a low at $ 0.69 and reversed its trend soon after. It has since increased by more than 30%.

Interestingly, the bottom is significantly below the latest fibonacci support (0.856), located at $ 1.20. This level is now resisting, after rejecting price on November 8, resulting in a long upper wick.

The price finally passes resistance

The shorter-term, six-hour chart shows that price has already broken through a descending resistance line. The upward movement did not last long, knowing that the 0.382 fibonacci level rejected price, but the SXP is still looking to hit an upper low before rising again.

Technical indicators support this potential rise, knowing that the RSI is above 50 and the MACD signal line is above 0.

Even in the daily timescale, technical indicators are in the process of turning bullish. This is shown by the histogram of the MACD, which generated its first positive bar.

Knowing that the Stochastic Oscillator is generating a bullish cross and the RSI is looking to break above 50, a prolonged rally in price could allow these indicators to finalize their respective advances. This would confirm the upward trend.

Bitcoin e Altcoins Flutuam em meio aos resultados das eleições nos EUA

O preço do bitcoin está se consolidando acima do suporte de USD 13.650 e abaixo de USD 14.000.
O Ethereum ainda está lutando para liberar USD 385, o XRP recuou mais baixo e testou USD 0,235.
A HEDG está mantendo ganhos acima de USD 0,715 e a ABBC está acima de 17%.
Após um pico acima do nível de USD 14.000, o preço do bitcoin começou uma correção a curto prazo. O BTC negociou abaixo do nível de USD 13.800, mas o preço BitQT permaneceu estável acima de USD 13.650 e USD 13.500. O preço está atualmente (13:00 UTC) se consolidando e parece estar se preparando para o próximo movimento em meio aos resultados eleitorais dos EUA.

Da mesma forma, houve movimentos de faixa na maioria dos principais altcoins, incluindo etéreo, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, e ADA. O ETH/USD está enfrentando uma forte resistência próxima a USD 385, mas os touros estão protegendo USD 380 e USD 378. O XRP/USD recuou abaixo de USD 0,238 e agora está testando a zona de suporte de USD 0,235.

Capitalização total do mercado

Bitcoin e Altcoins Flutuam em Meio aos Resultados Eleitorais dos EUA 101
Fonte: www.tradingview.com
Preço do bitcoin
Nas duas últimas sessões, o preço do bitcoin foi negociado principalmente em uma zona de alta acima dos níveis de suporte de USD 13.650 e USD 13.500. Parece que o BTC pode estar se preparando para o próximo grande movimento, com uma resistência imediata de USD 13.880. A primeira grande resistência está próxima de 14.000 dólares, acima da qual os touros poderiam visar um aumento de 5%-6%.
Se não houver uma resistência superior a USD 13.880 e USD 14.000, o preço poderia recuar mais baixo. Um apoio inicial está próximo do nível de USD 13.650, abaixo do qual os touros devem defender USD 13.500.

Preço do etéreo

O preço Ethereum está enfrentando um forte interesse de venda próximo aos níveis de USD 385 e USD 386. A próxima grande resistência está próxima ao nível de USD 392, acima do qual os touros poderiam visar uma clara quebra acima dos níveis de resistência de USD 400 e USD 402.
Em contrapartida, poderia haver uma forte reação de baixa abaixo dos níveis de USD 378 e USD 375. O primeiro suporte chave está próximo ao nível de USD 372. Qualquer perda adicional poderia levar o preço para USD 365.

Preço do bitcoin cash, chainlink e XRP

O preço a dinheiro do bitcoin lutou para eliminar a resistência de 245 dólares e começou um novo declínio. A BCH quebrou o suporte de 240 dólares e está abaixo de 2%. O preço está se aproximando do suporte de 235 dólares, mas o suporte principal está próximo do nível de 230 dólares. Uma quebra abaixo de 230 USD poderia aumentar a pressão de venda no curto prazo.

O Chainlink (LINK) está lutando para ganhar ritmo acima do nível de USD 10,30. O preço agora está sendo negociado abaixo de USD 10,20 e permanece com o risco de uma quebra abaixo do nível de USD 10,00. Se os ursos conseguirem, o preço poderá mergulhar em direção aos níveis de suporte de USD 9,50 e USD 9,20.
O preço do XRP começou uma nova queda e foi negociado abaixo do nível de suporte de USD 0,238. O preço até quebrou USD 0,236 e está testando o suporte de USD 0,235. Quaisquer perdas adicionais podem talvez levar o preço de volta para o nível de suporte de USD 0,230. Do lado positivo, os níveis de USD 0,238 e USD 0,240 são obstáculos importantes.

Outro mercado de altcoins hoje
Nas últimas horas, muitos altcoins retiveram ganhos superiores a 5%, incluindo HEDG, TMTG, ABBC, AMPL, EWT, LSK, REN, RVN, STX, CEL, BAND, COMP, DCR, e ADA. Por outro lado, a YFI caiu mais de 10% e está negociando abaixo de USD 8.800.

Em resumo, o preço do bitcoin está se consolidando em uma faixa abaixo de USD 14.000 e aguardando o resultado final das eleições americanas de 2020. O BTC pode subir acima de 14.000 USD ou pode começar uma nova queda para 13.000 USD.

Der Bitcoin-Preis sinkt auf 10.525 USD, da die Aktien ebenfalls fallen (Market Watch)

Der Bitcoin-Preis sinkt auf 10.525 USD, da die Aktien ebenfalls fallen (Market Watch)
10 Milliarden US-Dollar von der Krypto-Marktkapitalisierung abgezogen, da Bitcoin und die meisten alternativen Münzen tief in den roten Zahlen liegen. BTC ist der Wall Street erneut gefolgt.

Bitcoin konnte seinen jüngsten Aufwärtstrend nicht aufrechterhalten und ist auf ungefähr 10.600 USD gefallen. Die meisten alternativen Münzen haben den Schritt von BTC nachgeahmt, was zu einem Verlust von 10 Milliarden US-Dollar aus der Gesamtmarktkapitalisierung führte.

Bitcoin schlägt bei 10.800 USD fehl

Wie gestern berichtet , hatte Bitcoin positiv auf die Nachricht reagiert, dass US-Präsident Donald Trump das Krankenhaus nach einigen Tagen verlassen und ins Weiße Haus zurückgekehrt war. Die primäre Kryptowährung, die Gewinne an der Wall Street kopierte, beschleunigte sich im Preis und erreichte einen Höchststand von 10.800 USD.

In den letzten 24 Stunden hat sich die Situation jedoch umgekehrt. Bitcoin konnte seinen Lauf nicht halten und fiel stark von 10.750 USD auf ein Intraday-Tief von 10.525 USD (bei Binance). Obwohl sich BTC seitdem wieder auf über 10.600 USD erholt hat, ist er an einem Tag immer noch um über 1% gesunken.

Mit seinem Umzug nach Süden ähnelte Bitcoin erneut den Preisentwicklungen an der Wall Street. Die drei bekanntesten US-Börsenindizes schlossen die Handelssitzung am Dienstag mit roten Zahlen.

Der Dow Jones Industrial Average und der S & P 500 gingen um rund 1,4% zurück, während Nasdaq fast 1,6% verlor.

Altcoins folgen Bitcoin, Marktkapitalisierungsverluste 10 Mrd. USD

Rot dominiert den Altcoin-Markt, da die meisten Münzen Bitcoin auf dem Weg nach unten gefolgt sind. Ethereum hat um ca. 4% nachgegeben und handelt unter 340 USD.

Nach einigen Tagen beeindruckender Preisentwicklung hat Ripple ebenfalls einen deutlichen Wertverlust verloren (5,3%). XRP ist auf 0,245 USD gefallen.

Bitcoin Cash (-1%) hat den 5% BNB-Dump ausgenutzt und den 5. Platz belegt. Polkadot (-8%) und Chainlink (-9%) sind die bedeutendsten Verlierer unter den Top 10.

Weitere Verluste sind bei Altcoins mit niedrigerer und mittlerer Obergrenze zu verzeichnen. Das Ocean Protocol (-20%) führt dieses negative Ranking an. Elrond (-19%), Aave (-18%), Yearn.Finance (-17%), The Midas Touch Gold (-16%), Solana (-15%), Uniswap (-15%), Uma (- 14%), Kusama (-14%) und Balancer (-14%) sind nur ein Teil der zweistelligen Vertreter der Preissenkungen.

Bei so viel Rot auf dem Feld hat die Gesamtmarktkapitalisierung die Konsequenzen gespürt. Die kumulierte Marktkapitalisierung aller Kryptowährungen ist von 342 Mrd. USD auf 332 Mrd. USD gesunken.

Bitcoin Price falder som Feds sætter seværdigheder på Crypto Exchange BitMEX

Den amerikanske retssag anklagede BitMEX-ejerne for flere overtrædelser og anklager.

Crypto exchange BitMEX-ejere står over for flere afgifter.
Siden nyheden brød, er Bitcoins pris faldet med omkring $ 500 hurtigt.
Nogle mener dog, at Bitcoins langsigtede værdi ikke vil blive beskadiget.

US Commodity Futures Trading Commission (CFTC) har i dag indgivet en civil håndhævelsesaktion mod krypto

Ifølge priserne på Binance kastede kryptovalutaen omkring $ 500 inden for få minutter. Bitcoin led en dip fra en 24-timers højde på $ 10.920 til ca. $ 10.500, hvilket også faldt til en 24-timers lav på $ 10.437. Det kan være for tidligt at fortælle, hvor prisen på Bitcoin Future ender som et resultat af denne nyhed, men konsekvenser på kort og lang sigt kan faktisk se helt anderledes ud.

udveksle BitMEX, den femte største kryptoderivatplatform i verden efter volumen, ifølge CoinGecko. Og kryptomarkederne er ikke glade.
Top 5 kryptonyheder og -funktioner i din indbakke hver dag.
Få Daily Digest for det bedste ved dekryptering. Nyheder, originale funktioner og mere.

Afgifterne vedrører drift af en uregistreret handelsplatform samt overtrædelse af flere regler, herunder manglende gennemførelse af procedurer mod hvidvask af penge.

Blandt de sigtede i CFTC civil håndhævelsesaktion er Arthur Hayes, Ben Delo og Samuel Reed. Alle tre personer er BitMEX-ejere.

Efter nyheden, prisen på Bitcoin faldt hurtigt.

  • BTC
  • -1,91% $ 10490,38
  • 24H7D1M1YMaks
  • 25 sep 26 sep 27 sep 28 sep 29 sep 1 okt 2104001050010600107001080010900
  • BTC-pris

„Jeg er ikke overrasket over, at prisen er faldet på kort sigt, det er nøjagtigt den slags ting, der skræmmer nye eller uerfarne investorer og kan påvirke kortsigtet tillid betydeligt,“ sagde Jason Deane, Bitcoin-analytiker hos Quantum Economics, til Decrypt.

Selvom det måske ikke er overraskende, at Bitcoin har lidt et kortsigtet fald som følge af denne nyhed, er det stadig at se, om Bitcoin lider nogen langvarig skade på sin værdi. For Deane kan håndhævelsesaktionen mod BitMEX muligvis ikke skade Bitcoin i det lange løb.

”Langsigtede HODLere vil være uberørt. Faktisk set fra et langsigtet og globalt perspektiv er der mange, der ser dette som en god ting, da Bitcoin (og de tjenester, som organisationer som BitMEX leverer) gennemgår processen med at arbejde med regulatorer, ”sagde Deane.
CFTC opkræver Crypto Exchange BitMEX med hvidvask af penge

Det er stadig værd at bemærke, at hvis amerikanske regulatorer lykkes at lukke BitMEX, kan det have nogle store konsekvenser for markedet. Ifølge data fra CoinMetrics, der er offentliggjort på Twitter, har BitMEX Bitcoin til en værdi af cirka 2 milliarder dollars i deres hvælvinger.

Og denne graf, der også er sendt på Twitter, viser, hvor alarmerende skarpt et prisfald kan være.

I øjeblikket kører Bitcoin på en rekordindstillet række på hinanden følgende dage over $ 10.000. Efterhånden som denne historie udvikler sig, vil det være værd at holde øje med Bitcoins modstandsdygtighed

Bitcoin consolidant autour de 10250 $, les Altcoins font une forte récupération

Dimanche 6 septembre, Bitcoin, ainsi que la grande majorité des altcoins, donnent des signes qu’ils pourraient avoir atteint un creux pour le moment.

Toutes les données de marché utilisées dans cet article ont été extraites de CryptoCompare vers 19h30 UTC le 6 septembre 2020

Pour vous donner une idée approximative de la performance du marché de la cryptographie aujourd’hui, 93 des 100 meilleurs cryptoactifs (par capitalisation boursière) sont actuellement dans le vert (c’est-à-dire contre l’USD).

Bitcoin (BTC) se négocie actuellement autour de 10260 $, en hausse de 2,96% par rapport à l’USD au cours des dernières 24 heures.

Ether (ETH), a fait encore mieux, grimpant de 9,51% au cours des dernières 24 heures pour porter son prix à 354,19 $.

Cependant, ce qui est encore plus intéressant, c’est à quel point certaines de ces crypto-monnaies qui ont subi les plus grosses pertes jeudi, vendredi et samedi ont rebondi.

Bitcoin restant principalement au-dessus de 10200 USD au cours des 12 dernières heures (c’est-à-dire depuis 07h30 UTC le 6 septembre) a fait sentir à de nombreux investisseurs / traders que le niveau de support de 10000 USD est assez élevé.

Pas de mauvaise nouvelle macro pour effrayer les acteurs du marché

La fermeture des marchés boursiers au cours du week-end signifiait qu’il n’y avait aucune opportunité pour une mauvaise journée sur le marché boursier américain de créer davantage de ravages sur le marché de la cryptographie.

La seule mauvaise nouvelle crypto du week-end a été le fondateur anonyme de SushiSwap, à savoir @NomiChef sur Twitter, qui aurait pris 20 039 ETH et 2558 644 SUSHI du fonds de développement du projet. Cependant, heureusement, il a décidé de transférer le contrôle de SushiSwap à Sam Bankman-Fried, le PDG de l’échange crypto FTX, qui envisage de mettre en place un «vrai multisig». Cette action de sauvetage semble avoir calmé les nerfs nerveux des détenteurs de jetons DeFi alimentés par Ehereum tels que LEND et SNX, et elle a aidé le prix du jeton SUSHI à augmenter de plus de 78% au cours des dernières 24 heures.

Selon les données de TradingView , au cours des dernières 24 heures, la capitalisation boursière totale estimée de la cryptographie a augmenté de 2,16% et, à 20 h 18 UTC le 6 septembre, elle s’établit à 312,84 milliards de dollars.

Alex Krüger, macro-économiste et analyste / trader en crypto, est convaincu que les altcoins ont touché le fond.

Blockchain passport could be a reality in Saudi Arabia

After almost a year, humanity continues its fight against one of the worst crises it has faced in more than a century: the Coronavirus. The virus, which originated in the city of Wuhan in China, has caused enormous human and economic damage. So it is no surprise that governments are looking to the chains of blocks for mechanisms to try to revive their economies. This is why the Blockchain passport could be a reality in Saudi Arabia.

Microsoft launches passport against Bitcoin-based Coronavirus

Reopen safely
During the last months, the whole humanity has been fighting against the pandemic generated by the Coronavirus. There is not a single country on the planet that has not been seriously affected by the effects caused by this disease. It has claimed the lives of thousands of people, while generating millions of dollars in economic losses.

Because there is no vaccine to combat the Coronavirus. The only defense we humans have against this disease is social distancing and quarantine. Which, although it prevents the rate of spread of the virus is too great to control it. It has had a significant impact on commercial and industrial activities around the world. By preventing people from being able to move normally to work or consume as they did before the pandemic.

For this reason, one of the priorities of all governments around the world has been to find ways to reopen their economies safely. To this end, all kinds of technological products have been created to reduce the contact between healthy and sick people. And therefore reactivate economic activity without causing a resurgence of disease. Precisely one of the objectives of Saudi Arabia with its possible Blockchain passport.

Experts are working on a Blockchain passport to monitor COVID-19

A Blockchain passport against the virus
The idea of a Blockchain passport to combat Coronavirus is not new. Well, for months companies like Microsoft have been studying the possibility of creating a product like this. With the aim of allowing people to verify their health status without having to expose their personal data to governments and companies.

However, in the case of Saudi Arabia, the Bitcoin Evolution passport would work differently. Well, it is intended as a mechanism that can serve both during and after the pandemic. For, the passport would be designed specifically for the international business community.

Thus, the Blockchain passport proposed by Saudi Arabia would allow companies around the world to easily verify that they are following the regulatory guidelines set by governments. This would facilitate the identification of commercial agents and trust between companies around the world. It would make trade easier during the Coronavirus pandemic, and be useful in generating relationships of mutual trust once it passes.

In this way, and although this Blockchain passport is only a proposal at the moment It is a clear example of how blockchains can be used by companies and governments, not only to improve the situation of the economy during the pandemic. But even after the pandemic is over.