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CEO, Inside.com |     | | | 1. Elon Musk, co-founder of SpaceX and Tesla, has tweeted a supposed cure for the coronavirus that has been pushed by two Bitcoin entrepreneurs. The two entrepreneurs are James Todaro, managing partner at Blocktown Capital, and Gregory Rigano, lawyer and inventor of blockchain platform IKU. In response, Joan Donovan, a Shorenstein Center social media researcher, said: "Two Bitcoin entrepreneurs are pushing a self-published 'study' claiming a cure for the virus. They haven't done any original research, but instead have strung together lengthy quotes from other scientists, who have done very limited research. Elon Musk tweeted their paper." She went on to say that this "is dangerous" and that people and that "thousands of people think they can cure coronavirus by drinking tonic water." -@ELONMUSK/TWITTER |  | | | | | Raoul Pal, the CEO and founder of Global Macro Investor, is optimistic on Bitcoin despite recent lows. | Pal says that the current state of the economy may cause the entire system to be at risk of being lost, concluding that Bitcoin has a bigger upside than gold if traditional markets fail. To read the full story, click below to upgrade to our premium edition of Inside Cryptocurrency. SUBSCRIBE TO PREMIUM  | | | | A MESSAGE FROM LINKEDIN LEARNING | | | Learn In-demand Technology Skills To Achieve Your Goals Stay on top of rapidly changing technology advancements with LinkedIn Learning online courses taught by real-world expert instructors. From certification preparation training to learning the fundamentals on topics such as Network Administration, Cloud Computing and more. Start Your Free Trial 
| | 3. Throwback Thursday: Bitcoin is treated as property for tax reasons On March 25, 2014, the U.S. Internal Revenue Service (IRS) ruled that Bitcoin would be treated as property for tax purposes. Because of this, the crypto would be subject to capital gains tax. At the time, it was reported that the move had been expected and marked another step in the wider attempt to make Bitcoin mainstream. In an IRS news release, it read: "The notice provides that virtual currency is treated as property for US federal tax purposes. General tax principles that apply to property transactions apply to transactions using virtual currency." The report pointed out that the ruling means gains in value would be treated as capital gains and could be subject to lower tax rates than income. The top long-term capital gains tax rate is 20%, while the top ordinary income tax rate is 39.6%. |  | | | | | Daily Bitcoin blockchain transactions drop, but it's not a bad thing. | The founder of CoinMetric has pointed out why the number of Bitcoin blockchain transactions have dropped and why this is a good thing. Upgrade to our Premium edition of Inside Cryptocurrency (below) to find out more. SUBSCRIBE TO PREMIUM | | | | Scammers are impersonating WHO to steal crypto from donors to fight the coronavirus pandemic. | Find out the measures scammers are using to try and steal crypto from donors in a bid to tackle the ongoing COVID-19 virus. Subscribe below to find out more. SUBSCRIBE TO PREMIUM | | | | Binance and Huobi to support Steem's hard fork. | Steem community members are looking for more decentralization. In a bid to answer this, the Hive blockchain network is projected to launch tomorrow. Subscribe below to find out more. SUBSCRIBE TO PREMIUM | | | | Chainalysis: Bitcoin seems to have stabilized for now. | The coronavirus pandemic is causing mass panic among investors, both in the traditional markets and in the crypto space. As a result, the price of Bitcoin dropped to lows of $3,000 earlier this month as traders sold their coins in favor of cash. Yet, according to a report from Chainalysis, it seems that Bitcoin's price may have stabilized. Subscribe to find out more from the report. SUBSCRIBE NOW TO FIND OUT MORE | | | | Helping healthcare providers fight crypto-related COVID-19 ransomware. | As the world battles to tackle the coronavirus pandemic, healthcare providers are being targeted by ransomware. Find out how these companies are stepping up to help out. Subscribe to find out more. SUBSCRIBE NOW TO FIND OUT MORE | | | | DeeMoney is the first non-bank institution to partner with Ripple's blockchain technology. | The Bank of Thailand estimates that there are over a million Thai workers overseas, many of whom continue to send money back home. One non-bank institution is hoping to make this easier for them by using RippleNet. Subscribe to find out more. SUBSCRIBE TO PREMIUM | | | | 10. Crypto exchange Binance yesterday announced the launch of peer-to-peer (P2P) trading for five fiat currencies: the Argentine Peso (ARS), the Brazilian Real (BRL), the Colombian Peso (COP), the Mexican Peso (MXN) and the Peruvian Sol (PEN). In the announcement, the exchange said that users can directly buy and sell Bitcoin, Ether, Tether, Binance Coin, and Binance USD using the five Latin American currencies with zero transaction fees on the Binance P2P platform. Binance CEO Changpeng Zhao said: "Latin America is one of the most active regions for cryptocurrency trading, and peer-to-peer trading is widely used in the Latin American community." Earlier this week, Zhao tweeted that people shouldn't be worried about Bitcoin going to zero, stating "so long as I have a penny left, it won't happen." -BINANCE |  | | | | | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Edited by Beth Duckett, staff writer at Inside. | | | | | | | |
