British PM Boris Johnson has tested positive for COVID-19, as authorities warn people to be wary of coronavirus-related crypto scams.

The besieged prime minister, whose response to the pandemic has been widely criticized, has tested positive to coronavirus.

Johnson said he would self-isolate at 10 Downing Street while continuing to lead the British effort to combat the virus.

Venezuelan President Nicolás Maduro was among 15 current and former Venezuelan officials and FARC members charged with drug trafficking-related crimes.

The Department of Justice has alleged that the Venezuelan President and 14 others attempted to conceal drug-related activities using cryptocurrency. The illicit activities involve a 20-year, multibillion-dollar cocaine trafficking ring aimed at undermining the United States through the weaponization of cocaine.

The Maker Foundation announced that it has successfully transferred the control of MKR tokens to the Maker governance community. According to the foundation, the MKR token contract is now in full control of MKR holders, bringing it closer to complete system decentralization.

The Maker Foundation, a non-profit organization tasked with running the Maker blockchain, has announced that it has completed the transfer of MKR token control to the Maker governance community. 

Lukka Inc released a new library compiling the best academic papers on tax, legal, and accounting questions in cryptocurrency. The library focuses on questions that lack official guidance or regulatory frameworks.

Each paper, mostly short-form, addresses the intricacies related to these crypto law, accounting, and taxation questions. A few examples include how to value cryptocurrencies with fluctuating prices for reporting purposes, what options crypto holders have to file their taxes, or “like-kind” exchanges in trading.

Bitcoin may soon go through high levels of volatility as a significant number of outstanding derivative contracts are scheduled to expire tomorrow. Multiple technical indexes and renowned analysts estimate that a bearish impulse is coming before a sharp rebound.

The Digital Dollar Project today announced the addition of 22 advisors to help steer America’s latest digital dollar initiative. Advisors include President Donald Trump’s former national security aide, Tim Morrison, among others.

The coronavirus panic-driven flight to gold has led to unprecedented tests of the physical gold market.

The world’s traditional safe haven asset is struggling under the combined weight of coronavirus fears and central bank stimulus packages. While there is no lack of physical gold bars, shipping it around the world has become difficult as air traffic dwindles.

Bitcoin’s price is down over 35% from its peak in February 2020. This decrease has adversely impacted mining profitability, forcing some farms to take their hardware offline. Mining difficulty has since dropped 16%, offering solace to Bitcoin miners. 

Block.one, the main software company behind EOS, has announced that it will acquire the team of developers at EOS New York, one of EOS’ long-standing block producers.

EOS New York’s website previously offered general information about EOS and its role as a block producer, as well as a number of tools for developers and users.

Market turmoil has investors rushing to safe havens. While gold stole the spotlight with a sharp rebound, Bitcoin’s correlation to the precious metal is making the case that it’s the next up-and-coming hedge asset.