December 1, 2020

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Shortly from the Cryptoworld 01/03 | Binance Charity Foundation supports hospitals in coronavirus-affected Wuhan|Craig Wright is a shame for the industry

3 min read
Shortly from the Cryptoworld 01/03 | Binance Charity Foundation supports hospitals in coronavirus-affected Wuhan|Craig Wright is a shame for the industry

 

Binance’s charity work shone during the coronavirus outbreak

 

Binance Charity Foundation now plays an important role in Wuhan County, China, where it helps hospitals and health care professionals after the deadly coronavirus outbreak. It supplies them with the necessary medical material and medical supplies from around the world.

 

Already provided hundreds of thousands of nitrile, latex or PVC gloves, tens of thousands of masks, over 20,000 test kits, disinfection, protective suits and many other equipment. Binance Angels and volunteers from around the world have also been involved in charity activities since the beginning.

 

“We are happy to do everything in our power to help Wuhan. And we believe that China will eventually win the fight against the new coronavirus,” said Helen Hai, head of Binance charity.

 

Gold and silver fell significantly at the end of the week

 

Gold has maintained a slightly growth path since the beginning of the year. It started about $ 30 over $ 1,500 per ounce in 2020 and moved slightly to about $ 1,580 by mid-February. This was followed by stronger growth, bringing gold about $ 100 higher to about $ 1,680 during the week. From Monday, however, the price began to fall and by yesterday, when the fall was the most noticeable, gold was back at $ 1,580 per ounce.

 

As for silver, the decline was even stronger here, and for the first time since the beginning of the year, silver fell below $ 17 per troy ounce. Total silver has fallen by more than 13% since the start of the week from its current low 2020 levels. On Friday, trading stopped at around $ 16.67 per ounce of this precious metal, just above the December low of $ 16.54. As can be clearly seen in the chart below, Friday’s red candle is the longest since at least the beginning of 2019.

 

Shortly from the Cryptoworld 01/03 | Binance Charity Foundation supports hospitals in coronavirus-affected Wuhan|Craig Wright is a shame for the industry

 

Bitmain introduced a new mining machine with massive power

 

Bitmain’s latest ASIC miner achieves crushing performance. The Antminer S19 is approximately twice as powerful as its predecessor. The range of several variants of the S19 mining equipment ranges from 90 TH / s to 110 TH / s and the energy efficiency is between 29.5 J / TH and 34.5 J / TH (± 5%). The older model S17 was only 55 TH / s, approximately half. The brutal performance of the new machines is expected to begin to manifest itself in the network over the next few months, when we also expect halving, which will reduce the reward for a busy block to 6.25 BTC.

 

 

The self-proclaimed Satoshi suggests that miners can carry out coordinated 51% of court-ordered attacks

 

Craig Wright wants that courts could to order miners to seize bitcoins through the coordination of miners and knots.

 

“Without the keys, the BTC will be confiscated. The code is a law and the courts may order the correction code. Bitcoin is not encrypted. It’s economical. ”

 

CEO Binance commented:

 

“He claims to be the founder of Bitcoin, Satoshi Nakamoto, which is a lie. It hurts the credibility of bitcoins and is a shame for our entire industry. ”

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