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Pete Davidson & Judd Apatow Movie King of Staten Island Skips Theatrical, Hits VOD This Summer – Deadline

Posted on May 1, 2020 by Danzig

Judd Apatow said Monday during an Instagram/Twitter conversation with Saturday Night Lives Pete Davidson that their summer comedy The King of Staten Island, originally slated to hit theaters on June 19, will now go on VOD on June 12.

The comedy based on Davidsons life, directed by Apatow and co-written by Davidson, Apatow and former SNL scribe David Sirus, was expected to make its world premiere at SXSW with further play at the Tribeca Film Festival. Both events were canceled because of the coronavirus lockdown.

In the below video, Davidson is asking Apatow about the status of the movie. Dude, what is going on with our movie? he asks. Am I still going to get an Oscar?

Apatow says he hasnt heard anything from Universal. I dont think youre going to get an Oscar if it doesnt come out.

Related Story'Big Time Adolescence' Review: 'SNL's Pete Davidson Slacks Off In Hulu's Fun And Truthful Teen Comedy

Can we make a DVD and sell it in Times Square, like old school? asks Apatow, who then suggests What if we put it on demand? Cause I just ran out of stuff and I just watched all the Look Whos Talkingmovies and ran out of stuff to watch. At which they digress into a hysterical chat on the Travolta movies and how Danny DeVito voice a dog in the movie.

Apatow then phones Universal and tells Davidson Theyre into itso dont tell anyone, its a secret, theyre going to do some fancy announcement.

We had been hearing whispers in the distribution community that King of Staten Islandwould potentially be moved, but no one was expecting this as another budget comedy bites the dust at least from a theatrical release standpoint in heading to homes. King of Staten Island followssuch movies asMy Spy(which is going to Amazon),American Pickle(which is headed to HBO Max), Lovebirds(to Netflix) in skipping theatrical and heading to streaming. Warner Bros announced last week that theyre releasing Scoob!directly to PVOD.

While theaters have talked about ramping up their openings in late June for a full July debut heading to Warner Bros Christopher Nolan movie Teneton July 17, Lionsgates thriller Fataleand UnisKing of Staten Islandwere left dangling on the calendar June 19, the hope on paper being proper mid-sized, non global day-and-date fare that could get exhibition started with moviegoers expected to crawl back to the theaters. Thats clearly not the case now, and exhibitors are going to need good, solid fresh product before they open. King of Staten Islandwould have been great start.

Universal recently experimented with having DreamWorks Animations Trolls World Tourrelegated to PVOD over Easter weekend with the the closing of theaters during the COVID-19 pandemic; the movie reportedly made $40M-$50M in its first weekend.

In King of Staten Island, Davidson plays Scott, who has been a case of arrested development ever since his firefighter father died when he was 7. Hes now reached his mid-20s having achieved little, chasing a dream of becoming a tattoo artist that seems far out of reach. As his ambitious younger sister (Maude Apatow) heads off to college, Scott is still living with his exhausted ER nurse mother (Marisa Tomei) and spends his days smoking weed, hanging with the guysOscar (Ricky Velez), Igor (Moises Arias) and Richie (Lou Wilson)and secretly hooking up with his childhood friend Kelsey (Bel Powley). But when his mother starts dating a loudmouth firefighter named Ray (Bill Burr), it sets off a chain of events that will force Scott to grapple with his grief and take his first tentative steps toward moving forward in life.

Pic also stars Steve Buscemi as Papa, a veteran firefighter who takes Scott under his wing, and Pamela Adlon as Rays ex-wife, Gina.

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Pete Davidson & Judd Apatow Movie King of Staten Island Skips Theatrical, Hits VOD This Summer - Deadline

Elderly fisherman rescued from Niagara River near Grand Island – Niagara Gazette

Posted on May 1, 2020 by Danzig

U.S. Border Patrol agents assigned to the Buffalo Sector responded to a call for assistance where an individual fell into the Niagara River on Grand Island on Friday.

At approximately 11:15 a.m., several by-standers witnessed an 88-year old elderly male fall into the Niagara River. They immediately flagged down a Border Patrol agent from the Buffalo Station who was patrolling in the area. The agent responded to the Blue Water Marina on East River Road and alongside the owner of the marina they located the person. Together, they successfully retrieved him from the water and the agent provided first aid until emergency medical service (EMS) arrived on scene. EMS then treated the person and transported him to an area hospital for further evaluation. It was revealed that the male had been fishing, lost footing and subsequently fell into the river.

This is a great example of the community and law enforcement working together to save lives," said patrol agent-in-charge Jeffery T. Wilson. The Niagara River can be treacherous and deadly this time of the year with frigid-temperatures that are hovering around 44 degrees.

U.S. Customs and Border Protection welcomes assistance from the community. Citizens can report suspicious activity to the U.S. Border Patrol and remain anonymous by calling 1-800-331-0353 toll free.

We are making critical coverage of the coronavirus available for free. Please consider subscribing so we can continue to bring you the latest news and information on this developing story.

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Elderly fisherman rescued from Niagara River near Grand Island - Niagara Gazette

Cryptocurrency market value jumps $35 billion in 24 hours led by a surge in bitcoin – CNBC

Posted on May 1, 2020 by Danzig

Cryptocurrency prices surged on Thursday, led by a big jump in bitcoin.

The entire market capitalization or value of cryptocurrencies jumped $35.3 billion in 24 hours as of 2.19 p.m.Singapore time, according to data from CoinMarketCap.com.

Bitcoin, which accounts for most of that movement, was at $9,388.30 or up 18.57% in the last 24 hours as of 2.03 p.m. Singapore time, Coindesk data showed. That's the highest level since March 7.

Cryptocurrencies saw two major bouts of selling in Marchamid the broader plunge in equity markets. But they have now recovered that ground.

Industry participants attribute this to two factors central bank monetary policy as well as an upcoming event known as bitcoin halving.

Major central banks around the world have unveiled huge stimulus packages to cushion the economic fallout from the coronavirus pandemic. They have also signaled their willingness to do more. This has been a factor behind the recent rise in stock markets in past few days, and has filtered through to bitcoin and other cryptocurrencies.

"My sense is that overall markets are not reflecting reality on the ground though, but this is also the result of the Fed in the U.S. being extremely clear that they will do anything to make sure there is economic stability," Vijay Ayyar,head of business development at cryptocurrency exchange Luno, toldCNBC.He was referring to the U.S. central bank that pledged tokeep its benchmark interest rate near zero until the economy recovers.

"We could be seeing a lot of money flowing into equities and crypto as well, as a result of the new money printing."

An eventknown as bitcoin "halving"is happening in May and it's to do with a pre-programmed change in part of bitcoin's underlying technology known asblockchain.

The bitcoin world works with so-called "miners" with high-powered computers competing to solve complex math problems to validate bitcoin transactions. Whoever wins that race gets rewarded in bitcoin.

Currently, miners are rewarded 12.5 per block mined.The rewards are halved every few years to keep a lid on inflation. By May 2020, the reward per miner will be cut in half again, to 6.25 new bitcoin.

This essentially reduces the supply of bitcoin coming onto the market. Halving is an event that happens every four years. Previous halving events have preceded big price increases in bitcoin.

"While part of this rebound may be explained by a renewed 'risk-on' attitude of global investors, it is also clear that bulls have been triggered by the upcoming halving event and the anticipated appreciation in value in the wake of it," said Matthew Dibb, co-founder of Stack, a bitcoin index fund provider.

"For those buying into bitcoin now, many see this as an opportunity to buy BTC at bargain basement rates before a price pop post halving."

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Cryptocurrency market value jumps $35 billion in 24 hours led by a surge in bitcoin - CNBC

XRP Adoption: Two Banks Reveal Plans to Support Third-Largest Cryptocurrency – The Daily Hodl

Posted on May 1, 2020 by Danzig

Two Swiss banks are revealing plans to offer services for XRP.

Sygnum Bank, which calls itself the first digital asset bank with both a Swiss banking license and a Singapore asset management license, now offers deposit, exchange and credit services for XRP, according to a press release. Sygnum already offers services for Bitcoin and Ethereum.

Simon Waelchli, depot manager at Sygnum, says the bank is impressed with Ripples XRP-based cross-border remittance platform.

The XRP-based solutions developed by the company resolve weak spots in the growing global remittance market of $700 billion.The low cost of transfers makes it an ideal tool to facilitate payments in emerging economies.

Meanwhile, Arab Bank Switzerland also announced plans to support advisory, custody and brokerage services for XRP, according to a recent announcement. The bank began offering those services for Bitcoin and Ethereum last September.

Arab Bank Switzerland also recently invested in Swiss fintech company Taurus Group SA in a Series A funding round. Taurus Group specializes in digital asset infrastructure.

Says the bank,

In an increasingly digital world, Arab Bank Switzerlands first ever investment in a financial technology company is consistent with its convictions and reinforced by a shared vision with Taurus, namely that the worlds of traditional assets and digital assets are converging.

Although the digital asset industry is still nascent, both companies see tremendous potential and efficiency gains for issuers, advisors, investors and financial institutions in digitalizing the financial industry by leveraging blockchain and smart contracts technologies.

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XRP Adoption: Two Banks Reveal Plans to Support Third-Largest Cryptocurrency - The Daily Hodl

Andreessen Horowitz Creates Second Cryptocurrency Fund With $515M Investment – Benzinga

Posted on May 1, 2020 by Danzig

Venture Capital firm Andreessen Horowitzannounced that it was creating a second fund dedicated to cryptocurrency investments.

General Partners Chris Dixon and Katie Haun, in a joint statement, said that the firm, better known as "a16z," will focus on next-generation use-cases of cryptocurrencies and blockchain, including in payments systems, "decentralized finance," "Web 3," and content monetization.

a16z launched its first cryptocurrency-specific fund in June 2018 with an investment of $300 million.

Dixon and Haun said they see blockchain networks as better alternatives to established payments systems like PayPal Holdings Inc. (NASDAQ: PYPL) as they don't require banking infrastructure to transfer the money, but "the bits and bytes" being transferred "are themselves the bearer instrument."

The venture capital firm also sees Bitcoin (BTC) as a potential replacement of gold as a safe haven away from fiat. The cryptocurrencies also provide a better avenue of monetization for content creators, according to the investment firm.

"Rather than engaging audiences through centralized gatekeepers that charge high rents and create self-serving rules, creators can use token models that bypass gatekeepers and give their fans a direct stake in their success," Dixon and Haun said.

Blockchain networks also providean opportunity to move the web away from the control of few corporate-owned networks, like those of Facebook Inc. (NASDAQ: FB) and Twitter Inc. (NYSE: TWTR), according to a16z.

"Blockchains enable the creation of decentralized networks that make strong commitments baked into the architecture of the network itself as to how control and money will be distributed among network participants" Dixon and Haun noted. "Don't be evil' is replaced by can't be evil.'"

a16z has been investing in cryptocurrency and related businesses going as far back as 2013when it invested in exchange desk Coinbase.

Bitcoin traded 2.04% lower at $8,846.27 at press time on Thursday. The shares dropped after having crossed the $9,000 mark earlier in the day, in anticipation of miner reward halving due in two weeks.

Other cryptocurrencies traded similarly lower. Stablecoin Tether (USDT) was slightly up at $1.01.

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Andreessen Horowitz Creates Second Cryptocurrency Fund With $515M Investment - Benzinga

US Congress Considering More Than Two Dozen Cryptocurrency and Blockchain Proposals – The Daily Hodl

Posted on May 1, 2020 by Danzig

Members of the 116th US Congress have now proposed a total of 32 bills related to cryptocurrency and blockchain technology this year.

They cover a wide range of concerns, possible use cases and new approaches to regulating, integrating and curtailing the use of the emerging technology depending on the players, their activities and their goals.

Citing data from Value Technology Foundation, a non-profit think tank focused on blockchain, Forbes reports that US legislators introduced 12 bills that are expressly designed to curb the use of cryptocurrency in criminal activities like money laundering, terrorism and trafficking.

While cryptocurrency has its early roots tied to the darknet with Bitcoin serving as a popular medium of exchange on the now-defunct Silk Road, it has since evolved, requiring legislation that can support it as well as monitor its use among criminals, tax evaders and adversaries.

One of the proposed laws seeks to address the economic activities of countries, such as Venezuela, that have created their own cryptocurrency to sidestep economic sanctions. Three bills aim to help banks and regulatory agencies identify criminal activities that involve the use of digital currencies.

Lawmakers also submitted 13 bills for the regulation and treatment of digital assets and blockchain. Concerns over Facebooks Libra project, which planned to roll out a new global currency before pivoting earlier this month to a new goal of launching several different stablecoins pegged to local currencies, led to a barrage of regulatory proposals.

The Managed Stablecoins are Securities Act of 2019 is an effort to classify Libra and other stablecoins as securities that are regulated by the Securities and Exchange Commission.

Five bills propose the governments use of blockchain technology. One directs the establishment of a Blockchain Working Group that will recommend a definition of distributed ledger technology and study its potential applications.

The two most recent bills cover the concept of the digital dollar in a bid to ensure faster delivery of the economic stimulus benefits to Americans affected by the coronavirus pandemic.

Featured Image: Shutterstock/Bill Perry/Sashkin

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US Congress Considering More Than Two Dozen Cryptocurrency and Blockchain Proposals - The Daily Hodl

Drawbacks of Cryptocurrency Exchanges – How Non-Custodial Services Are the Solution | Sponsored – Bitcoin News

Posted on May 1, 2020 by Danzig

Cryptocurrency exchanges are online platforms where one can buy, sell, or trade cryptocurrencies. The aim of crypto exchanges is to connect buyers and sellers by creating a cycle of supply and demand in one place.

However, almost every exchange is prone to hacking, has privacy issues, and users could end up losing their funds. Non-custodial exchange services look to overcome these shortcomings of cryptocurrency exchanges.

Online cryptocurrency exchanges can be categorized into two types: centralized and decentralized.

Centralized exchanges allow you to sign up with your email and password and usually have extra security features like two-step authentication or email verification.

Even though they make it easier for everyday users to buy and sell digital assets with their interactive interface, one major downside of such exchanges is that they do not give users full control of their cryptocurrencies. The private keys of your wallets are held with the exchanges, so if they were to get hacked, your funds will be lost.

Decentralized exchanges (DEXs) give users more control over their assets as they only act as intermediaries and do not store private keys giving the users full control of their funds. However, these exchanges come up with their own drawbacks such as low liquidity, slow UI, and not being able to handle huge amounts of transactions, etc. There are a very few DEXs compared to CEXs owing to the difficulty that users face while using the former due to complex UI. This is where an instant crypto exchange comes in users can instantly trade their digital currencies in just 3 simple steps without the hassle of needing to register or worrying constantly about security.

Generally, people prefer CEX over a DEX because of a number of reasons like liquidity, volume, user-friendly platforms, etc. Top centralized exchanges like Bitfinex, Bittrex, Coinbase, Kraken, Binance, Huobi have 99% of the transaction volume and were the first to exist in the market even before the idea of decentralized exchanges came up, so they have an upper hand of being in the market since inception.

Drawbacks of cryptocurrency exchanges

Cryptocurrency exchanges come with their own set of disadvantages, the major drawbacks include:

Privacy: Exchanges store all your information such as IP address, email, and details about your transactions which basically doesnt leave behind much privacy for you.

Data Breaches: With increased KYC/AML policies by exchanges due to local regulations, security breaches have risen sharply. In fact, over 10000 Binance users personal data was stolen in 2019 with the hacker demanding 300 BTC threatened to release the photos which included driving licenses, passports, and face scans of users.

Loss of funds: The majority of the exchanges have had a story of getting hacked and users losing their hard-earned money. The bigger picture is explained in detail in the next paragraph.

The cumulative money lost from just the top three biggest exchange hacks in the last 7 years is over 1 Billion US Dollars, now imagine what the figures would look like if we consider all the hacks. Below is a picture that summarizes the money lost in all major hacks until April 2018.

Source: https://howmuch.net/articles/biggest-crypto-hacks-scams

The worlds biggest cryptocurrency exchange in terms of daily volume, Binance, which is known for its innovative products and strong leadership went through a security breach in May 2019 which resulted in 7000 Bitcoins being stolen from their platform. Even though all the affected customers were reimbursed in this case, it shows how vulnerable it is to leave your money on exchanges.

Your keys, your Bitcoin. Not your keys, not your Bitcoin.

Andreas Antonopoulos, Bitcoin and security entrepreneur

Source: Chainalysis

Cryptocurrency traders and enthusiasts started trending hashtags such as ProofOfKeys on Twitter after major exchange breaches to ensure investors and traders stay away from custodial wallets and not store their cryptocurrency on exchanges unless they are trading. Non-custodial cryptocurrency exchanges and wallets started to gain traction as users gave much more priority to their security.

Also, trading on exchanges is not only risky but also a tedious task. In order for you to trade on a DEX, you need to enter your private keys or Keystore or use MetaMask; the latter is the most recommended method. Then you need to send your digital currency from your private wallet to Metamask and then to DEX. Every transaction has to be signed by you. Probably the most frustrating part of using this type of exchange is you have to wait until someone buys or sells so that your order fills, which can take a long time depending on the liquidity on that exchange.

CEXs solve this waiting problem by using market makers, but again, users are required to log in and perform authentication to trade and confirm by email to make every withdrawal. On top of all this, all exchanges require you to do KYC to comply with local regulations, which can take days.

Instant crypto exchange services that require no registration and perform your transactions fast may be the solution. These platforms give you basically as many options as any regular exchange but overcome their shortcomings.

Another major advantage of such platforms over CEXs and DEXs is that they do not control your funds at all as non-custodial services, they allow you to keep the keys to your crypto privately. An as theres no registration required, the crypto exchange is very simple here. For example, on ChangeNOW, all you have to do to buy Bitcoin is to enter the amount of the sum you want to exchange, your wallet address, and to click Confirm.

Along with this, there are several other features that widen the possibilities of a trader on ChangeNOW. For example, they have no upper limits for the crypto exchange; over 200 cryptocurrencies are supported, and its possible to buy them with Visa or MasterCard. The rates are very reasonable as the service claims it uses special algorithms that pick the best rate at the moment of the exchange.

So whats the best place to trade crypto?

Of course, there is no ideal platform to trade crypto out there. ChangeNOW has its own drawbacks they have no crypto-to-fiat options available, and fiat-to-crypto exchanges are a bit pricy. Many traders consider instant exchange services the best place to trade crypto with security and convenience but we recommend you doing your own research to choose the best platform that will fit your needs.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Changenow.io

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Drawbacks of Cryptocurrency Exchanges - How Non-Custodial Services Are the Solution | Sponsored - Bitcoin News

Did This Norwegian Multimillionaire Invent a Cryptocurrency Ransom to Cover Up the Murder of His Wife? – Vanity Fair

Posted on May 1, 2020 by Danzig

Tom Hagens wife Anne-Elisabeth disappeared in Norway in October 2018. Hagen cofounded the electric company Elkraft in 1992, and the case drew attention for his wealthhis net worth is reportedly about $200 millionas well as its mysterious circumstances. As the original story went, Anne-Elisabeth was kidnapped on October 31 that year; a ransom note demanding 9 million euros in the cryptocurrency Monero was left at the scene.

But on Tuesday, Norwegian police arrested Hagen. Investigators said they believe that the original version of events was false, a concoction to mislead police about Anne-Elisabeths murder.

As the case initially appeared, our main theory was that Anne-Elisabeth Hagen had been abducted by someone with a financial motive. And in June 2019, we came to believe that she had most likely been killed, st Police District said in a statement

We now believe there was no abduction and there was never any genuine negotiations. In other words there was a clear and well-planned attempt at misleading the police, it continued.

Hagen married Anne-Elisabeth in 1979, when he was 19. She had been a board member of his holding company (he is also a real estate investor), and the couple lived in Fjellhamar, a village about 12 miles outside of Oslo, CNN reported. Hagen has been described as media-shy in reports.

Hagens lawyer Svein Holden has denied the allegation and said Hagen had nothing to do with the disappearance or murder. It is important to emphasize that although we have charged Tom Hagen, the case is still being investigated and there are several unanswered questions, police said. They asked a court to keep Hagen in custody for four weeks, with no visits or outside communication allowed.

North Koreas Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Uns Death – BeInCrypto

Posted on May 1, 2020 by Danzig

The news has been buzzing with speculation surrounding Kim Jung-un, leader of North Korea. He missed the countrys Day of the Sun event on April 15, an important national holiday celebrating the Eternal President Kim Il-sung.

Since then, many have speculated that Jong-un might be dead. China has reportedly dispatched a team of medics to tend to Kim Jung-un after botched heart surgery [Fox News].

If the rumors are true, then North Koreas stability is in serious jeopardy. All the serious geopolitical implications notwithstanding, the country also holds a massive cryptocurrency stash. It may sell these assets off quickly if the leadership feels it is under threat.

In August 2019, a UN SecurityOnce you've bought or received bitcoins; you now need to keep them as safe as possible. This guide will provide... More Council Report estimated that the pariah state has stolen some $2B in cryptocurrency since 2015. It was even using these funds to bankroll its nuclear weapons program.

Its unclear how much cryptocurrency the country currently holds, but it is thought to be very significant and upwards of $670 million.

The fate of this cryptocurrency treasure trove may now be uncertain. In fact, according to some commentators, it may even be sold off on the market en masse.

However, many seemed to scoff at the idea. Most repliers the tweet saw it as an absurd scenario that could never happen. As one user jokes, North Korea also possesses uranium minesdoes that mean Kim Jung-Uns death will cause a selloff of uranium as well?

However, it should be noted that comparing uranium to Bitcoin is apples and oranges. Bitcoin can easily be sold off since it is a digital asset; uranium, on the other hand, would need to be physically moved.

North Koreas uranium supply also has little to no impact on global markets. The impact North Korea has had on the global cryptocurrency market historically, however, seems to be more significant.

Still, it seems unlikely North Korea would selloff its cryptocurrency holdings unless it was really desperate. We will have to see how the leadership of the country responds to this current crisisand whether the rumors surrounding Kim Jung-Uns death are even true at all.

Do you want to Be In Crypto?Join our Telegram Trading Group for FREE Trading Signals,a FREE Trading Course for Beginners and Advanced Tradersand a lot of fun! Images courtesy of Shutterstock, Trading View and Twitter.

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As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article.This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions. The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments including but not limited to any that appear in the contents of this article.

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North Koreas Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Uns Death - BeInCrypto

Elon Musk Casually Drops the Bitcoin Bomb On Twitter, Once More – newsBTC

Posted on May 1, 2020 by Danzig

In January, Tesla CEO Elon Musk mentioned Bitcoin in an innuendo-filled tweet that went viral on Twitter and within the media in the industry. At the time, the technologist wrote that BTC is *not* my safe word in a seeming attempt to rile up the crypto community.

On May 1st, Musk continued his attempts to play with the feelings of Bitcoin enthusiasts, tweeting about it twice, eliciting a strong response from every corner of the cryptocurrency industry for the second time in months.

Elon Musk has created quite the stir in the financial world over the past 12 hours, tweeting [The] Tesla stock price is too high imo, resulting in the asset collapsing by approximately 10% during the days trading session.

Chart from TradingView.com

Although many holders of TSLA saw Musks statement as controversial because of the seeming effect it had on their investment, the operator of the @Bitcoin account on Twitter, which has over one million followers, decided to leverage the situation to tweet that the Bitcoin price is too low imo.

The Tesla chief executive surprisingly responded, first with the tweet below that has Musk laughing at the comment.

Musk followed this up ten minutes later by asking @Bitcoin how much it would cost for some anime Bitcoin, eliciting a strong response from individuals in the cryptocurrency space like Samson Mow, Hodlnaut, and Melik Manukyan.

While Musks latest comments regarding Bitcoin were obviously made in jest, he is known to be somewhat of a fan of cryptocurrency and blockchain.

In an early 2019 episode of ARK Invests podcast, Musk told investor Cathie Wood that he thinks Bitcoins structure is quite brilliant, before adding that Ethereum and maybe some of the others have merit too.

Perprevious reports from NewsBTC, the Tesla and SpaceX CEO added that BTC is interesting as it enables consumers to bypass currency controls in nations embroiled in financial and political conflict:

Yeah. It bypasses currency controls. Yeah. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper, thats for sure

Speaking to a panel of Tesla enthusiasts in an episode of the Third Row Tesla podcast, Musk elaborated on his thoughts regarding cryptocurrency.

Echoing his comment from the previous podcast, he said that Bitcoin and other digital assets have functionality of enabling illegal (but not necessarily immoral) transactions:

There are transactions that are not within the bounds of the law there are obviously many laws in different countries and normally cash is used for these transactions. But in order for illegal transactions to occur, the cash must also be used for legal transactions. You need an illegal-to-legal bridge. Thats where crypto comes in.

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Elon Musk Casually Drops the Bitcoin Bomb On Twitter, Once More - newsBTC

$8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: Reports | Markets and Prices Bitcoin News – Bitcoin News

Posted on May 1, 2020 by Danzig

The combined total trading volume in the cryptocurrency spot and futures markets amounted to approximately $8.8 trillion in the first quarter, according to two new industry reports. The amounts represent a massive 314% quarterly increase for futures trading and 104% for spot trading. Further, the correlation between spot market trading volume and bitcoins price in Q1 2020 was extremely low.

Two recently published reports from Tokeninsight have revealed the state of the cryptocurrency spot and derivatives markets in the first quarter of this year. For its Q1 2020 Cryptocurrency Spot Exchange Industry Research Report, the company studied more than 300 crypto spot exchanges. However, due to unreliable data from some small exchanges and the challenges of determining data authenticity, only 295 exchanges were included in the analysis, 41 of which were new platforms and 16 were decentralized exchanges. The report reads:

The total trading volume of the entire market in this quarter was 6.6 trillion US dollars, an increase of 104% [quarterly].

The actual volume shown in the report was $6.647 trillion. Although there is a wash trading volume, the industry continues to develop significantly, the report adds, noting that The correlation between market trading volume and bitcoin price is extremely low in Q1 2020.

In addition, the study found that bitcoins dominance had increased compared to last year. In the downward market, investors have insufficient confidence in non-mainstream cryptocurrencies, the report claims, asserting that Bitcoin will maintain its dominant position in the first half of this year.

The 279 centralized exchanges accounted for approximately $6.47 trillion of the total trading volume. There are still plenty of fake volumes in the emerging centralized exchanges, the report warns. Tokeninsight has rated the reliability of large cryptocurrency exchanges based on factors such as safety, operations, trading, experience, and terms of use. According to its evaluation, the top exchanges are Binance, Okex, Huobi Global, Coinbase Pro, and Kraken.

As for the 16 decentralized exchanges included in the analysis, the report shows that their combined trading volume reached $180 billion in the quarter, more than 90% of which were traded on Etherflyer.

Tokeninsight is a data and blockchain financial company founded in 2017. Its data, ratings and research reports are from more than 70 global data platforms, including Messari, Delta, Binance Info, Aicoin, and Huobi Info.

Another report by Tokeninsight, entitled 2020 Q1 Cryptocurrency Derivatives Exchange industry Report, details the state of the cryptocurrency derivatives market. The analysis included 12 derivatives exchanges, such as Bitmex, Okex, Huobi DM, Binance Futures, Deribit, Bitget, Binance JEX, FTX, Gate.io, BFX.nu, Bitz, and Kumex. The report describes:

In 2020 Q1, the total futures trading volume in the industry reached $2.1048 trillion, an increase of 314% from 2019 four quarters average.

Except for a slight decline in 2019 Q4, the trading volume of cryptocurrency futures has grown steadily in 2019; the total market turnover in 2020 Q1 is roughly 8x than 2019 Q1, the report emphasizes. Three major cryptocurrency futures contracts BTC, ETH, and EOS accounted for more than 90% of the total crypto derivatives market turnover in Q1 2020. BTC alone accounted for 78%.

The analysis also found that the correlation coefficient between cryptocurrency futures trading volume and spot trading volume fell to 0.31 from 0.76 in the previous quarter, suggesting that the futures market participants may have been relatively independent from the spot.

While the companys derivatives exchange industry report for the year 2019 shows that the cryptocurrency futures market turnover last year was about 20% of the spot, the percentage this year is expected to increase substantially. Noting that the total turnover of cryptocurrency futures has reached more than 33% of the spot in the first quarter, the report details:

It is expected that the futures trading volume for the year 2020 will be more than doubled the spot market Compared with the idea of cash is king in the current market conditions, the cryptocurrency futures industry is still developing rapidly.

The report also highlights that there are six exchanges with a total futures turnover exceeding $100 billion in Q1 2020: Huobi DM, Okex, Bitmex, Binance Futures, Bitget, and Bybit. Only Huobi DM and Okex had volumes above $400 billion. Meanwhile, Fully regulated exchanges have not developed significantly, with CME and Bakkt trading volumes of US$6.83 billion and US$1.51 billion, respectively, the report concludes.

What do you think about the rate at which crypto trading volumes are growing? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Tokeninsight

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The Impact of Cryptocurrency on Gaming in 2020 – Coindoo

Posted on May 1, 2020 by Danzig

As people all over the world are spending more and more time online in 2020, digital industries like cryptocurrency are becoming a hot topic again. Plenty has been happening in the Crypto world during the first quarter of 2020, Bitcoin is surging in value again, having hit $8.1k this spring, displaying this seasonal rise in value for the fifth year in a row. Meanwhile, Ripple has begun potentially cutthroat proceedings against Google, after YouTube allegedly ran adverts for fake XRP giveaways across its platform.

On a lighter note, crypto-focused gaming is finally becoming a thing, with gamers across the world realising the potential of blockchain-based games and crypto gaming tournaments. Heres a summary of the major developments so far this year, which could indicate the way things will go in this sector for the rest of 2020 and beyond.

So far this month theres been a significant rise in the number of people playing games online, leading to MMORPGs like World of Warcraft to up its quality to meet the demand. Theres also been a notable increase of gamers playing blockchain games and platforms.

Microsoft Azure, the blockchain-friendly cloud service that enables developers to run networks on applications like the Xbox app has confirmed record-high levels of latency, confirming that more users than ever are accessing the app to stream games (blockchain ones included).

Indie games have experienced a surge in interest in April too. The Mad Max-esque War Riders game built on blockchain has seen a 70% increase in new users alongside longer average gaming times, as well as TSB Gamings The Sandbox Cryptovoxels.

This is leading industry experts to ponder whether blockchain gaming is sustainable on a mainstream scale, although many are inclined to believe that the tech we have available at present is able to meet the demand. Its clear, however, that the blockchain gaming sector will need to diversify and build engaging games that can stand up equally against their video game equivalents.

Pre-2020, Crypto didnt play a particularly significant role in the development of eSports, despite seeming a natural fit for this emerging gaming sector. Coins like Bitcoin and Ethereum have begun to be accepted as payment methods for eSports betting, but in 2020 the first ever Bitcoin based online eSports tournament was finally launched by Magic Internet Gathering (MINTGOX).

Earlier in April, MINTGOX hosted a Lightning-enabled live gaming tournament as part of a wider crypto/VR weekend conference in collaboration with Zebedee, Lightning Labs, Bitcoin 2020, and THNDR games. Matches were run for a total of three online games, and even featured a VR panel hosted by Bitcoin enthusiast Udi Wertheimer.

One of the games featured was Raiki, a fighting game on the rise, and entry was open to any player of any level providing they had a Lightning-enabled crypto wallet. Both the gamers themselves and audience members were able to generate satoshis, and influence the individual matches with strategically dropped power-ups.

The virtual conference itself wasnt without issues, but according to Zebedee CEO Simon Cowell the eSports portion of the event only suffered from lag, which is something that can affect any eSports tournament. With a total of 100 gamers competing and generating nearly 1,000 transactions on the Lighting network, Cowell feels justified in calling the first event a success and plans to run them on a monthly basis moving forward.

Finally, one of the original video game pioneers, Atari has chosen to embrace crypto this year. The Atari Group and its partner, ICICB, revealed a somewhat bizarre three-strand focus for 2020: the Atari Token cryptocurrency, a gaming platform incorporating the currency, and (of all things) the development of a music game based on the back catalogue of the world-renowned artist AVICII.

Atari choosing to focus two of its initiatives on crypto indicates just how seriously major gaming manufacturers are now taking the tech, but whether or not the group will be able to achieve the same levels of success as it did with Pong and PacMan during its console heyday remains to be seen. First, however, theres some housekeeping to be done in the form of finally gettingits much-anticipated Atari VCS console shipped out to the patient crowdfunders who helped ensure its development with the $3 million they collectively paid out. The VCS has been plagued with a rocky development process and now, given the current global situation, its on an indefinite hiatus after last months release was cancelled.

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The Impact of Cryptocurrency on Gaming in 2020 - Coindoo

Wyoming: World’s first to welcome cryptocurrency banks | Current Edition – Wyoming Business Report

Posted on May 1, 2020 by Danzig

The state of Wyoming has emerged as a leader in paving the legal way to enable banking of digital currency. In the coming months, its very likely the first financial institutions in the world for cryptocurrency will be operating here in the Cowboy State.

The Wyoming Legislature has approved more than a dozen measures to prime the states regulatory environment in hopes of recognizing the increasing legitimacy of digital currency like bitcoin, Ethereum, Ripple, Litecoin and others.

A potential bank to manage the growing digital currency market would operate using blockchain technology. Blockchain is a ledger platform to administer cryptocurrency transactions. These records consist of pieces, or blocks, of information like date, time, dollar amount and participants in a transaction.

Lawyer Matthew Kaufman of Cheyenne-based Hathaway & Kunz LLP said the states efforts to bring digital currency into mainstream financial operation began with then-Gov. Matt Meads Economically Needed Diversity Options for Wyoming (ENDOW) initiative. In an ongoing effort to help the state establish financial footing in business sectors other than fossil fuels, Kaufman was recruited to serve on the Blockchain Coalition to explore the possibilities of bringing this specific type of business technology to the state. Cryptocurrency immediately became an area of interest because of its notorious lack of existing infrastructure.

It has now been more than a decade since the introduction of bitcoin, and in that time, thousands of other digital currencies have emerged and grown exponentially. While the global market has leaped forward and gradually been accepted by world governments and citizens, no official bank for the cryptocurrency medium exists because of the tight administrative oversight necessary of conventional banks.

The banking industry has deemed blockchain to be a very risky industry sector its very unknown and unregulated, Kaufman said, pointing out the various safeguards conventional banks must employ to avoid being an unwitting participant in illegal activities. That has made it difficult for banks to feel comfortable with this currency, and understandably so.

This conundrum results in a global lack of access to fundamental services for entities that use digital currency they cannot run payroll, make basic transfers or have formal accounts to utilize for basic money services.

Electronic currency boasts some distinct advantages over the existing money system, including the ability to facilitate instant payments, no need for conversion between international currencies, and a permanence that omits the possibility of fraudulent chargebacks that can occur when using conventional credit cards. While it is becoming clear there may be a place in the future to convert money into an electronic format, the movement is stalled because of an inability to attain the professional backing of a bank.

That problem has been around a while, and one way the industry can be helped is by giving those businesses the opportunity to establish banking relationships, Kaufman said.

Wyoming has become the first state to create legal framework for a new banking charter to give digital currencies access to a banking system. The process took off last year when the Legislature enacted a bill establishing Special Purpose Depository Institutions (SPDIs). According to the Wyoming Division of Banking, House Bill 74 authorized the chartering institutions to receive deposits and conduct other incidental activities, including fiduciary asset management, custody, and related activities focusing heavily on virtual currencies, digital securities and utility tokens.

A notable obstacle to any prospective blockchain bank that might aspire to open its doors in the state is that digital asset companies are ineligible to be backed by the Federal Deposit Insurance Corporation. This is addressed in the state law by requiring the SPDIs to maintain 100% of depositor reserves. SPDIs also may not engage in lending activity, but can still provide needed banking services to a niche demographic. In keeping with the intent of the economic diversification initiative continued by present Gov. Mark Gordon, SPDIs are required to have an in-state physical presence.

Regulatory structures have not been friendly to the growth of cryptocurrency, Kaufman said. Wall Street has strict regulatory guidelines on its use, trading and growth. On the other hand, Wyoming is more nimble and can move quickly to respond to the needs of the industry. The promise of blockchain is that it claims to be quick, immediate and secure, and fees are much lower than going through traditional banks and finance.

Applications for a bank charter were officially being accepted as of November. One of a handful of corporations that is readying to apply is Avanti Financial Group, based in Cheyenne.

Avanti expects to serve as a compliant bridge to the U.S. dollar payment system and a custodian of digital assets that can meet the strictest level of institutional custody standards, founder and CEO Caitlin Long said in a news release. Avanti will be required to fully comply with all applicable laws and regulations including federal know your customer, anti-money laundering and related laws and regulations.

Long has forged a technology partnership with an entity called Blockstream, and announced appointments to her leadership team.

We have assembled a team of all-stars who have significant experience in regulated financial institutions, Long said.

Hopes are that their venture can be operating by early next year, which could translate into 30 to 40 jobs in Wyoming for customer service and bank compliance, according to the Wyoming Tribune Eagle. Long added that for those who feel a call to get involved in this emerging industry, now is the time to study up to get ready for a potential career move.

Other similar companies, including Kraken Digital Asset Exchange and Yen.io, are openly advertising full-time job openings in various locations around the state in anticipation of establishing bank charters.

Its likely several other states will be fast to follow Wyomings lead and open up to cryptocurrency banking. At this time, the state is serving as the benchmark for progress toward more progressive money management.

This is not the state of Wyoming trying to abandon the dollar, Kaufman said. We want to recognize the digital asset marketplace is growing, expanding and probably the way of the future. We want to enable this new, growing sector to be able to find a solution to problems, and we want them to find that solution here, in Wyoming.

Originally posted here:

Wyoming: World's first to welcome cryptocurrency banks | Current Edition - Wyoming Business Report

Crypto Leaders on COVID-19: Join us for a Free Live Webinar Monday, May 4th – Finance Magnates

Posted on May 1, 2020 by Danzig

The coronavirus has had a major impact on just about every aspect of our lives; the cryptocurrency industry has been no exception. Businesses around the globe have been forced to embrace remote work amid an ongoing pandemic of Covid-19: staying connected is now more important than ever.

The Most Diverse Audience to Date at FMLS 2020 Where Finance Meets Innovation

This is why Finance Magnatesis thrilled to present COVID-19 & the Cryptosphere: Threats, Challenges, & Long-term Effects, a free, live webinar on Monday, May 4th, at 16.00 CET,featuring four leading experts from across the crypto industry. Sign up now to secure your spot before they run out.

This panel discussion an invaluable opportunity for you to gain valuable insight into the future of the cryptocurrency spaceyou dont want to miss this.

Our team of hand-picked experts will discuss whether COVID-19 has been more of a threat or an opportunity for crypto if the coronavirus has created new use cases for crypto, what the pandemic has revealed about investor psychology, and much more.

ATFX Launches WebTV Streaming ServiceGo to article >>

Two of our panellists are leaders from companies that are members of the Libra Association, the organization that supports the development of Facebooks Libra network: Joe Lallouz, founder and chief executive of blockchain infrastructure firm Bison Trails, and Marc Bhargava, president and co-founder of cryptocurrency prime brokerage Tagomi.

The panel will also feature two experts from other prominent aspects of the cryptocurrency industry, including Zac Prince, chief executive of NYC-based cryptocurrency lending firm BlockFi, and David Gerard, author of Attack of the 50-Foot Blockchain andprominent cryptocurrency journalist and historian.

Each of these thought leaders will leverage their respective expertise in identifying the best way the industry can adapt to a post-corona world and re-imagine a new future. The panel will be moderated by Rachel McIntosh, cryptocurrency editor and podcast host at Finance Magnates.

This free event promises to be packed with valuable insight and commentary on the past impacts of COVID-19 and whats to come. Wed love for you to come and bring your questions, comments, and insights.

Join us: to sign up for the webinar, click here.

Brave integrates Binances crypto widget – Decrypt

Posted on May 1, 2020 by Danzig

The worlds biggest cryptocurrency-friendly browser, Brave, today integrated a trading widget that taps into the worlds biggest and to get the PR chumps back on our side most noteworthy cryptocurrency exchange, Binance.

The widget is the first exchange-browser integration of its kind, Brave said in a blog post. It lets Brave users buy, convert and deposit cryptocurrency from Binance, as well as see how much cryptocurrency they have deposited on Binance. Any Americans using the widget must make do with Binance.US.

What distinguishes Binances widget is that the widget content is built into the Brave desktop browser and is not loaded from Binance or any other server, Catherine Corre, Braves Head of Communications told Decrypt. This, said Corre, protects a users privacy, since Binances servers will only interact with the widget if the users signed in through the browser.

Of course, a widget isa widget, and this one is produced in Binances signature style of cumbersome. Click buy on the widget, and youll get taken to...Binances website. And, to preview conversion prices, youll have to reroute to...Binances website.

The widget is the latest cryptocurrency partnership for Brave; the browser also has its own cryptocurrency, the Basic Attention Token. Each of its 13 million users is eligible to receive the Basic Attention Token, a cryptocurrency that rewards users for, among other things, watching advertisements.

Binance has been Braves champion ever since it announced the browser integration back on March 24. Changpeng Zhao, CEO of the monster crypto exchange, tweeted on April 10 that Braves browser will protect your privacy: You just have to install the @brave browser.

Brave has no plans to stay exclusive to Binance, however; We plan on offering more widgets and will be sharing details soon, said Corre.

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Brave integrates Binances crypto widget - Decrypt

Ascension Saint Thomas works toward resuming elective health care procedures in Tennessee – Community Impact Newspaper

Posted on May 1, 2020 by Danzig

Safety measures will be put in place to minimize the spread of coronavirus as hospitals work to offer more services. (Courtesy Adobe Stock)

Officials with Ascension Saint Thomas, which has medical office locations in Davidson and Williamson counties, announced May 1 it will begin a phased process to resume procedures beginning May 4.

According to a release from Ascension Saint Thomas, facilities will continue to implement precautions to minimize the spread of coronavirus, such as checking temperatures and limiting visitors. All patients who are scheduled for procedures will be required to undergo screening for COVID-19 and may be tested if needed.

Its important we take careful and measured steps to ensure a safe and gradual return to providing full access to health care services while also continuing to serve and support individuals and communities impacted by COVID-19, said Dr. Greg James, chief clinical officer of Ascension Saint Thomas, in a release. As these events unfold, patients can expect expanded access to healthcare services with enhanced safeguards to ensure our sites of care continue to serve as healing environmentswhere quality care is delivered with the highest levels of safety and compassion.

In addition to patient screenings, facilities will be disinfected frequently, all visitors will be required to wear masks, and appointments will be staggered to limit the number of people in waiting rooms.

Individuals who may be experiencing symptoms of hearts attacks, strokes, mental health emergencies or other injuries are still urged to go to the emergency room for treatment, according to Ascension Saint Thomas officials.

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Ascension Saint Thomas works toward resuming elective health care procedures in Tennessee - Community Impact Newspaper

Plunge in health-care spending a big reason US economy sank in first quarter – CNBC

Posted on May 1, 2020 by Danzig

A COVID-19 patient is delivered by ambulance to Wyckoff Heights Hospital in Bushwick, New York, Thursday, April 2nd, 2020.

B.A. Van Sise | NurPhoto | Getty Images

The coronavirus pandemic has put health care at the forefront of the nation's economic crisis, but it has also put a lot of economic activity from it on hold. Consumer spending on health care plunged 18% in the first three months of the year, making it one of the leading factors in the sharp drop in first-quarter economic growth, according to the Commerce Department's first-quarter GDP estimate.

"That really gets to how this isn't just a numbers game about (the virus)," said Diane Swonk, chief economist at Grant Thornton. "There's collateral damage to the one sector that you would intuitively think would benefit most from a health crisis, and it's losing money and losing jobs ... because you displaced activity that was profitable." She calledthe drop-off the sharpest in recent memory.

State and federal officials ordered hospitals and physicians to curtail non-emergency care last month to focus on responding to coronavirus cases and to reduce the risk of patient infections in doctors' offices. Despite a surge in the use of telemedicine, the massive pullback in services late in the quarter hit the health-care sector hard, with hospitals, outpatient surgical centers and doctor's offices all reporting big losses and cutting jobs as revenues dried up.

"If the government had paid hospitals to do this, it would count toward GDP," University of Michigan professor Justin Wolfers observed in a tweet.

Congress approved nearly $100 billion to aid hospitals and physicians in the CARES Act in March and another $75 billion in supplemental funding this month, but it came too late to save jobs in the health-care sector.

In March more than 42,000 health-care jobs were cut, the first decline since January 2014, which saw roughly 1,000 health-care job losses. Dentists' offices saw the biggest declines, with 17,000 job cuts, followed by 12,000 job losses at physicians' offices.

Some of the jobs and health-care spending are expected to bounce back, as more states are now beginning to allow elective procedures to resume. Still, health-care executives say the nature of the impact of the coronavirus on consumers makes it hard to predict how quickly some of that health-care activity will rebound.

"A number of our markets were beginning to reopen services, and our teams are doing that in a careful phased approach," said Wayne Smith, chairman and CEO of hospital operator Community Health Systems, on the company's first-quarter earnings call Wednesday. He added that some hospital surgeries may be pushed to the company's outpatient surgical centers to avoid patients having to go to hospitals.

"We're determining ways to reopen our capacity very efficiently," HCA Healthcare CEO Sam Hazen told analysts following the company's earnings last week, adding, "We're hopeful that the reboot process will be accomplished across all of our markets by the end of the second quarter, but that's still to be determined."

"With elective surgeries with some of it there's a lot of demand destruction that's not coming back. But there's going to be a big backlog later," said Joe Quinlan, chief market strategist at Bank of America private bank. He said overall health-care spending is set to rise because of the pandemic in the U.S. and overseas.

"If you're bullish on big pharma or technology related to health care, you're going to have a lot of that when it comes to government spending," Quinlan explained, adding, "China has realized their infrastructure for health-care services is not up to par."

But rising U.S. unemployment is one factor that could weigh on consumer health-care spending. Millions of Americans who lose their jobs may put off procedures they can no longer afford. Many could end up transitioning to individual health insurance coverage on the Affordable Care Act exchanges or the Medicaid safety net program but that coverage tends to be less generous than employer health plans.

The shift in the delivery of care during the coronavirus pandemic to more telemedicine may also impact how consumers approach health care and could have implications for hiring in the health-care sector.

"The jobs in health care will come back, (but) I'm worried ... we may not see as much of a generator in these jobs going forward," said Swonk.

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Plunge in health-care spending a big reason US economy sank in first quarter - CNBC

Health care workers just doing their job | Multimedia – Standard-Examiner

Posted on May 1, 2020 by Danzig

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Health care workers test patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Erica Ebert, left, drops a used COVID-19 test kit into a secure bag held by Christina Bodily on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Certified Medical Assistant Carissa Cieloha test patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Kile Kearns, left, puts on a mask and face shield while Christina Bodily assists on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru COVID-19 testing site.

Certified Medical Assistant Carissa Cieloha wears a face shield respirator while testing patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Erica Ebert, left, drops a used COVID-19 test kit into a secure bag held by Christina Bodily on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Christina Bodily, right, sanitizes Carissa Cieloha's personal protective equipment after testing a patient for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Health care workers test patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Kass LaPorte takes a trash bag of used gloves, gowns and other contaminants to the dumpster on Tuesday, April 28, 2020, at the North Ogden Clinic COVID-19 drive-thru testing site.

Christina Bodily, left, holds a small bag while Carissa Cieloha drops a used COVID-19 test kit in to be sent to a lab on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

A line on the pavement inside the COVID-19 drive-thru testing area reminds health care workers not administering a test to a patient to keep their distance on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Carissa Cieloha puts on a clean medical gown between testing patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Christina Bodily, left, assists Erica Ebert with securing personal protective equipment between testing patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site.

Health care workers pose for a group picture after their shift testing patients for COVID-19 on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru testing site. From left: Kass LaPorte, Christina Bodily, Carissa Cieloha and Erica Ebert.

Health care worker Kile Kearns poses for a portrait on Tuesday, April 28, 2020, at the North Ogden Clinic drive-thru COVID-19 testing site.