Well, that was a bloody week. The coronavirus has scared and shaken the world economy, and even cryptocurrencies have suffered in the wake of the chaos. In the past days crypto markets have flashed red and bitcoin\u2019s price is now lower than in a long time.\r\n\r\nMeanwhile the upcoming halving of bitcoin's block reward is on the horizon, as well as its promise of future price rise. While the ongoing crisis is a serious matter, low prices combined with the halving provide excellent opportunities for investors to acquire cheap crypto, as prices are likely to rise sooner or later.\r\n\r\nThis week we will examine how corona affects the cryptocurrency markets and take a closer look at what bitcoin\u2019s halving means. Furthermore we will address YouTube's continuing crypto censorship and a blockchain-related free trade agreement between the United Kingdom and United States.\r\n\r\nLast week\u2019s news can be read here.\r\n\r\n\r\nBitcoin crashed along with the general markets\r\nBitcoin and cryptocurrencies have plunged to yearly lows as the coronavirus has wreaked havoc on the international markets. At the time of writing bitcoin\u2019sprice has already dropped below $6\u00a0000 dollars.\r\n\r\nThe cryptocurrency market crash has made many question bitcoin\u2019s status as a so called financial safe haven. While the downturn has been heavy, it is actually nothing new as similar events have occurred before in bitcoin\u2019s history.\r\n\r\nIt is also worth noting that safe haven doesn\u2019t mean the asset\u2019s value couldn\u2019t temporarily decrease notably. Also the price of gold has been swinging historically. Safe haven means a way to protect one\u2019s property on a longer timescale.\r\n\r\nInvestors can even see lower prices as a good thing, since the drop came only a couple months before bitcoin\u2019s block reward halving. The block reward halving is set to take place in roughly two months. Earlier halvings have led to notable growth in bitcoin\u2019s value. If the same can be expected now, it means bitcoin\u2019s low price provides excellent buying opportunities for the future.\r\n\r\nThe increased interest among investors has also been visible in Coinmotion, operated by Prasos Ltd.\r\n\r\n\u201dLast month we broke the sales records for the past two years. The volume was heavily buy-oriented and the same tendency is also continuing now,\u201d commented Heidi Hurskainen, CEO of Prasos.\r\n\r\n\r\nLess than 60 days until bitcoin\u2019s halving\r\nBitcoin\u2019s block reward halving is set to take place in less than 60 days. The event is estimated to occur around the middle of May, although the exact date can vary according to the birth pace of new blocks. On average blocks are generated between roughly 10 minutes.\r\n\r\nThe block reward halving is one of the most awaited events of the year. The halving means the amount of new bitcoins will decrease from 12.5 bitcoins to 6.25 bitcoins per each block. The rewards are halved with intervals of approximately four years.\r\n\r\nBitcoin\u2019s block rewards have already halved two times earlier. Both events led to bitcoin\u2019s price rallying dramatically. If history repeats itself the same can also follow after the next halving.\r\n\r\nThe halving process will continue with four year intervals until all 21 million bitcoins have been created. After this the miners maintaining the Bitcoin network will earn their rewards purely from bitcoin transaction fees.\r\n\r\n\r\nUK wants blockchain in free trade agreement\r\nFollowing Brexit, the United Kingdom has started negotiating its own bilateral free trade agreements with the United States. Documents related to the trade agreement reveal that the UK has presented blockchain as a potential for the state and companies to benefit from the new agreement.\r\n\r\n\u201cA digital trade chapter with cutting edge provisions that will aim to maximise opportunities for digital trade across all sectors of the economy. In areas such as data flows, blockchain, driverless cars and quantum technology we have the opportunity to help shape global rules through ambitious digital trade provisions,\u201d the document reads.\r\n\r\nSo far the document only unveils the UK\u2019s part of goals for the free trade agreement, so it is not yet clear how well they will succeed. If the US decides to oppose digital commerce and blockchain, the result may vary greatly. Nonetheless, the document clearly underlines the UK\u2019s belief in the potential of blockchain and financial technology.\r\n\r\n\r\nYouTube continues censoring crypto\r\nYouTube seems to again have started shutting down channels related to cryptocurrencies. At least two internationally popular YouTube channels have been closed after they allegedly violated rules of the service.\r\n\r\nThe popular YouTube channels Ivan on Tech and The Moon were barred without any warning. According to The Moon, rules about product marketing was referenced by YouTube. The rules have a list of products not allowed for marketing on YouTube. However, the rules say nothing about bitcoin or other cryptocurrencies.\r\n\r\nThe Moon had over 89\u00a0000 subscribers, while Ivan on Tech had over 216\u00a0000. According to Ivan on Tech he has regained his account, but due to YouTube\u2019s continuous raids he has started publishing videos on his own new channels.\r\n\r\n\u201dWhile Bitcoin is immune to censorship, YouTube videos are not,\u201d The Moon commented on the case.\r\n\r\n\r\nCrypto firms send employees home due to corona\r\nThe coronavirus has started affecting financial institutes. Chicago Mercantile Exchange Group, the second institute to offer investors bitcoin futures, has announced temporarily closing down its operations due to the corona epidemic.\r\n\r\nThe virus has also changed the way many notable crypto firms operate. Crypto exchange Coinbase and crypto analytics firm Messari have announced employees should work from home until futher notice. Blockstack and the Winklevoss twns have given similar advice to their staff.\r\n\r\nPrasos Ltd, the company behind Coinmotion, has also prepared for the possible spreading of the virus in Finland. Most of the company\u2019s activity can be operated through distance work. Even if corona would grow to a bigger problem in Finland such as in Italy or Iran, Prasos will be able to keep its services open and functional.\r\n\r\n\r\nHuman trafficker using bitcoin caught\r\nAn American user of the Finland-based LocalBitcoins service has been charged with money laundering in the US. Known by the username Rhule, the suspect is accused of knowingly laundering money of which at least a part was connected to human trafficking.\r\n\r\nAmerican agents contacted Rhule and told they need bitcoins to ship Ukrainian prostitutes to the US. According to the authorities Rhule was willing to engage in the trade even when he knew of their criminal purpose.\r\n\r\n\u201cRhule conducted these transactions even after the undercover agent explained that at least a portion of the cash involved represented proceeds of human trafficking,\u201d told Victor Morales from the Drug Enforcement Administration.\r\n\r\nRhule had also advised the agents not to use Bitcoin, since it is not actually anonymous. He recommended the cryptocurrency Monero as a more private option. Monero has gained increasing use among criminals compared to Bitcoin.