Bitcoin and banks, what a quarrelsome couple. One is decentralized, while the other clings to centralized power threatened by decentralization. It is therefore no wonder banks around the world have used their power to restrict cryptocurrencies with various results in the past years. One of the harshest policies was in India, where the central bank tried to curb all access to crypto. Now the Supreme Court of India has ruled that the ban was illegal and liberated Bitcoin for millions of new users.\r\n\r\nAmong other news we have the coronavirus outbreak plaguing the world. The effects of the epidemic have been visible particularly in China, where even Bitcoin has suffered as a result. The network\u2019s computing power slowed down due to quarantines affecting mining machinery, but has now begun rising again.\r\n\r\nFurthermore, corona has inspired an altcoin project which increases in value based on how many people are afflicted or killed by the virus. That may sound rather dark, but at least the coin\u2019s creators have pledged to donate a fifth of their profits to charity in order to combat the epidemic.\r\n\r\nLast week\u2019s news can be read here.\r\n\r\n\r\nIndia's Supreme Court overrules Bitcoin ban\r\nThe Supreme Court of India has ruled that an earlier ban on Bitcoin and cryptocurrencies set by the country\u2019s central bank is illegal. The event is seen as an important victory for the cryptocurrency and blockchain industry in India and the rest of the world.\r\n\r\nThe earlier situation in India made cryptocurrency use essentially impossible in the whole country. India\u2019s central bank had forbidden banks from providing banking and financial services to cryptocurrency companies in the country.\r\n\r\nThe Supreme Court also ruled that the central bank lacked the right to even impose such an encompassing ban. The Court\u2019s ruling means that banks can hereafter provide the same services for cryptocurrency companies as any other customers.\r\n\r\nLawyers in the picture helped liberate Bitcoin for millions of people.\r\nBitcoin\u2019s computing power grows again after halting\r\nBitcoin\u2019s computing power has started growing again, albeit slower than before. The reason behind the plunge and slower development seems to be connected to the coronavirus epidemic raving in China.\r\n\r\nAs a result of the coronavirus most Chinese companies have been forced to implement quarantines and other measures to limit spreading the virus. This has heavily affected the global markets \u2013 and also bitcoin.\r\n\r\nNow that mining equipment has again begun shipping, Bitcoin\u2019s computing power has been able to continue growing. The computing power has so far grown 5% since the end of January. At the time of writing Bitcoin\u2019s computing power has already exceeded 150 000 exahash per second.\r\n\r\nChina is one the world\u2019s most important centers for Bitcoin mining. The world's two biggest Bitcoin mining companies Bitmain and MicroBT also operate from China.\r\n\r\n\r\nBitcoin hodled more than in years\r\nThe so called \u201dhodling\u201d of bitcoins \u2013 meaning holding cryptocurrency with faith in upcoming price rise \u2013 seems to be more popular than ever since January 2017. 42% of all the world\u2019s bitcoins have not moved in over two years.\r\n\r\nHodling is in many ways a self-fulfilling prophecy. The more Bitcoin users hodl bitcoins, the smaller the available supply becomes. If the demand grows while the supply sinks, this inevitably leads to bitcoin\u2019s price rising.\r\n\r\nThe popularity of hodling seems to be related to Bitcoin\u2019s upcoming block reward halving. Right now 12.5 bitcoins are born between roughly ten minutes. After the halving the birth pace of new bitcoins will decrease to 6.25 units in the same time.\r\n\r\n\r\nKonsensus chose a new board\r\nOn Wednesday the Finnish cryptocurrency organization Konsensus Ry held its annual meeting. In the meeting a new board was chosen for the organization and its activity plan was decided. Rafael Eronen was elected as chairman of the board and Martin Wichmann as vice chairman.\r\n\r\nAnton R\u00e4s\u00e4nen, Pessi Peura, Toni Kauppinen, Niko Laamanen, Henri V\u00e4kev\u00e4inen, Miika Tuomi and Laura Oinonen were elected as other board members. All choices were unanimous.\r\n\r\n\r\n\r\nThe goal of Konsensus Ry is to improve general knowledge of cryptocurrencies and blockchain technologies. The organization realizes its goal by publishing crypto-related literature, organizing events as well as actively partaking in discussions with decisionmakers, authorities, companies and other actors in the industry.\r\n\r\n\r\nNew altcoin wants to make money with corona\r\nA new altcoin is trying to make money through the coronavirus outbreak spreading across the world. Dubbed coronacoin, the cryptocurrency increases in value according to how many people are infected or die of the virus.\r\n\r\nThe original minted amount is 7 604 953\u00a0650 coronacoins, equaling roughly the amount of people in the world. The currency\u2019s creators intend to destroy one coronacoin for every person afflicted by the virus.\r\n\r\n\u201cThe fact that the number of tokens decreases over time, means that it is deflationary and should become more valuable over time. The supply is also non-mintable, so no new Coronacoins can ever be created, \u201d the website announces.\r\n\r\nThe creators of the coin also claim that 20% of all profits will be donated to charity in order to combat the virus.