In a rare good news story this week, Ethereum co-founder Vitalik Buterin revealed that, along with Polygon’s Sandeep Nailwal, he has pledged another $100 million for Covid relief. On June 9, Buterin said he and Sandeep “discussed and jointly concluded these and other projects are high-impact and need follow-through grants.” “Hence we decided to put...Read More
The unprecedented injection of liquidity into the market from the Federal Reserve during that period was an attempt to stimulate an ailing economy. But before that, crypto, which closely tracked the stock market’s movements, went into a downward spiral soon after. Bitcoin crashed from $8,000 to $3,750 in a matter of hours. It was the...Read More
The leading global accounting firm – KPMG International – claimed in one of its recent reports that the cryptocurrency market has displayed growing maturity in the past several months. This comes despite the ongoing military conflict between Russia and Ukraine and the record inflation that spreads in some countries. It is also worth noting that...Read More
Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for regulation....Read More
One of the world’s biggest tennis tournaments – the Australian Open (AO) – is entering both the NFT and Metaverse side of the cryptocurrency industry. This year’s championship will also be held in Decentraland — a leading virtual reality platform. At the same time, fans will be able to participate further by buying non-fungible tokens...Read More
The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in...Read More
Jirayut Srupsrisopa – Founder and CEO of the cryptocurrency exchange Bitkub – reportedly urged Thailand’s authorities to start delving into the digital asset industry. The market capitalization of the sector is nearly five times bigger than the country’s GDP. As such, it has produced many wealthy individuals who can boost the Thai economy, he added....Read More
The Tourism Authority of Thailand (TAT) plans to create a utility token called the TAT coin. To implement it in the country’s financial network, though, the state agency would need approval from the related organizations. Crypto Can Bring Back Tourists to Thailand According to a recent report by Bangkok Post, the Tourism Authority of Thailand...Read More
The Italian authorities shut down 32 Telegram groups that offered fake COVID-19 passes to thousands of people. The criminals preferred cryptocurrency payments for the illegal service. Cryptocurrencies in Exchange for a Green Pass According to a recent report by Reuters, the Italian police halted the operation of several groups on the online messaging application Telegram....Read More
Coinfirm revealed that some users on the notorious Darkweb have been selling falsified vaccine certificates for COVID-19 and stolen doses of vaccines in exchange for a variety of cryptocurrencies. Per the report, one can buy 10 shots of the AstraZeneca product for $250 or its crypto equivalent. BTC in Exchange for a Coronavirus Shot Criminals...Read More
A new rule under the hat of the COVID-19 relief bill will see 39 million US households receive up to $3,600 monthly starting from mid-July. Given the history between BTC’s price appreciation since the first-ever stimulus bill, the narrative rises now if this latest endeavor will push bitcoin higher again. 39M American Families to Receive...Read More
The COVID-19 pandemic changed people’s beliefs and approach to finances as they are more openly embracing digital options, including cryptocurrency payments. A MasterCard survey showed these results as 4 out of 10 people said they plan to use digital assets in the next year. 40% of People to Use Crypto? It’s safe to say that...Read More
In an attempt to speed up the COVID-19 vaccine distribution, the blockchain project Qtum has partnered with Vaccine Forward to raise $2 billion. The Qtum Chain Foundation also vowed to match the total number of vaccinations donated to Vaccine Forward and send them to 92 struggling countries. Qtum to Participate in COVID-19 Vaccination Process Founded...Read More
It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world....Read More
UK’s National Health Service is planning the implementation of an Internet of Things project to build and manage COVID-19 vaccine provisions. The solution will use a pubic distributed ledger network – Hedera Hashgraph. Monitoring COVID-19 Vaccines Supplies Using DLT According to an official announcement, the UK’s National Health Service (NHS) will aim to digitally monitor its...Read More
The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via...Read More
The US Senate has approved a new stimulus package worth nearly $900 billion, including $300 billion for small businesses and direct payments of up to $600 for American adults. With the total economic relief amount surpassing $3 trillion since the start of the COVID-19 pandemic, the question remains if these developments are inadvertent promotion for...Read More
South Korea’s largest cryptocurrency exchange Bithumb announced today that it is shutting down its offline offices as Korea struggles with a renewed coronavirus outbreak. Bithumb Suspending Offline Support Since the start of November, the country has been recording increased daily cases of COVID-19, with the number tripling in the last nine days. This has raised...Read More
The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all trading in the green following...Read More
It has been roughly seven months since the US government sent the first stimulus checks worth $1,200 to many citizens. Interestingly, that amount would now be worth nearly $3,000 if invested in Bitcoin as the asset price has significantly appreciated since then, unlike the dollar. Stimulus Checks: The History World governments were caught by surprise...Read More
Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The...Read More
During the past week, Bitcoin continued to increase in value as it managed to break the former 2020 high. More interestingly, though, this happens as Wall Street stocks are currently taking a beating. While BTC was appreciating, all the prominent US-based indices such as the S&P 500, NASDAQ Composite, and the Dow Jones Industrial Average...Read More
Former hedge fund manager and CEO of Real Vision, Raoul Pal, believes that the real impact of the COVID-19 pandemic is about to reach the financial markets. By outlining several upcoming cornerstones among traditional financial assets, he highlighted Bitcoin as the “life raft” in this situation. Raoul Pal: Everything Has Changed In a recent Twitter...Read More
The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency. The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors. US Investors’ Growing Interest In Bitcoin Titled “Bitcoin Investor Study,” Grayscale’s 2020...Read More
Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.” Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow. Opimas CEO: Bitcoin Will Shoot Through The Roof Appearing on RT’s Boom Bust, Marenzi...Read More
With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset. Argentina’s Economy Following The COVID-19 Lockdowns The South American country had been...Read More
The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generations have turned to more traditional assets such as gold and bonds, while younger people have gone for Bitcoin. Old For Gold, Young For Crypto Bloomberg cited the latest...Read More
The US Department of Justice (DOJ) arrested a Houston resident for allegedly fraudulently accessing over $1.1 million of Paycheck Protection Program (PPP) loans and using it to buy cryptocurrency. The Suspect Took PPP Loans on Behalf of 2 Companies On Tuesday, Times Record News reported that Joshua Thomas Argires, 29, was taken into custody by...Read More
Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic. With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin. Lebanon: How...Read More
Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network. Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also...Read More
