Not too long ago, it became apparent that the Folding@Home project would dedicate its computing power to a potential novel coronavirus cure. Interestingly enough, the Banano team seems to be doing quite well in this regard. Most people are familiar with the Folding@home project. Banano Helps With Folding@Home It is designed to let consumers and...Read More
NYU economics professor Nouriel Roubini attacked federal stimulus legislation Sunday as a light on aid for workers. His remarks echo the response from several prominent Democrats, including Sen. Bernie Sanders, who is running for president in the Democratic primary, and Senate Minority Leader Chuck Schumer. Likewise, House Speaker Nancy Pelosi had objections to the Senate...Read More
If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number of people doing so globally has been steadily growing, including in the crypto industry which...Read More
The novel coronavirus will undoubtedly lead to some very interesting developments in the technology sector. The VirusBlockchain project is rather unique, but it certainly has ample potential. One has to commend those who are experimenting with new skills and technology during these periods of mandatory quarantine. A Coronavirus Blockchain Project With Potential It is crucial...Read More
Bitcoin and other cryptocurrencies can often be used to support charitable events. During the novel coronavirus outbreak, Italy’s Red Cross is accepting Bitcoin donations for an advanced medical post. It is evident that a lot of countries will need help to keep the novel coronavirus in check. Helping Italy With Cryptocurrencies In Italy, the situation...Read More
The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise. This urged governments to take immediate action, and it feels as if the whole world is...Read More
Efforts to contain the coronavirus pandemic have erupted into a disastrous and panicked shutdown of the economy by Western governments. The term “Marshall Law” (correct spelling: “Martial Law”) trended on Twitter last weekend. While many scoffed at this characterization of coronavirus containment efforts, it’s not entirely off base. In New York City, police can arrest...Read More
There is never a shortage of drama and speculation in the cryptocurrency world. Former Bakkt CEO Kelly Loeffler is now accused of insider trading. A lot of people are making good money during the novel coronavirus crisis. Former Bakkt CEO has Some Explaining to do Some may have done so due to insider information, including...Read More
This week was nothing if not tumultuous for Bitcoin. Last Friday, its price dropped a massive 40%, recording one of its steepest losses in history. However, throughout the past few days, Bitcoin managed to recover nicely, as it’s currently trading at above $6,000. One thing worth noting amid this crisis is the fact that Bitcoin,...Read More
The novel coronavirus created an economic slowdown that had a massive impact on financial and stock markets throughout the world. Some of the global indexes such as the S&P 500, DJI, FTSE 100, and so forth, charted notable losses in a manner that hasn’t been seen for decades. Naturally, this also caused a serious negative...Read More
While the US stock market saw its steepest one-day sell-off since Black Monday in 1987, Bitcoin saw its steepest one-day sell-off in its ten-year history, just a few days before. But don’t worry, that was institutional money running from everything Thursday. Of course, it ran from the risky cryptocurrency industry. Don’t forget that institutional investors...Read More
The novel COVID-19 (coronavirus) continues with its adverse effects on the financial markets. The cryptocurrency space is no exception. Bitcoin, for instance, slipped below the significant $5,000 mark and is currently trading at around $4,500. Just hours ago, the leading cryptocurrency by market cap saw a spike of $800. When the U.S. Fed Reserve made...Read More
The Federal Reserve made an unexpected announcement at 5 PM U.S. Time Sunday afternoon. Along with another $700 billion immediate injections – $500 billion in treasuries and $200 billion in mortgage-back securities, the Fed is cutting the rate to zero. Donald Trump fires all the guns he has at an early stage of the coronavirus...Read More
Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus. Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners. The following article will...Read More
It’s safe to say that unless unexpected things happen, this will be the worst week for Bitcoin since 2013. During the second week of December 2013, Bitcoin had seen a plunge from $864 to $382, more than a 50% decline. Those were the days when MT.Gox was the only major Bitcoin exchange out there. Just...Read More
As a seemingly endless stream of reports continues to pour in surrounding the coronavirus, many are becoming increasingly concerned over the effect this global pandemic could have on the global financial system in the future. The outbreak is shaping up to potentially cause one of the worst financial crashes of all time. The current pandemic...Read More
This is not the Bitcoin halving the crypto industry was talking about in 2020. The Bitcoin price crashed on the worst day for equities markets in 33 years. The Dow Jones plummeted 9.99% during trading, the S&P 500 lost 9.51%, and the NASDAQ took a 9.43% dive. Even spot gold declined by some 4% Thursday,...Read More
President Donald Trump announced a ban on all travel from Europe Wednesday. The ban will go into effect on Friday at midnight and remain in effect for 30 days. The president did announce an exemption for travel from the United Kingdom. Announcing a rare Oval Office address from Mr. Trump, he said: “After consulting with...Read More
Euro Pacific Capital CEO and chief global strategist Peter Schiff warned the coronavirus recession would be worse than the 2008 financial crisis. Furthermore, in a terrifying tweet Wednesday, the US dollar bear and gold bull diagnosed the underlying problem in both crises. He argued the coronavirus pandemic and the crashing housing market were the pins...Read More
The constant expansion of the coronavirus continues to harm the global economic markets. Monday’s severe stock sell-off pushed the UK to cut the interest rates, a week after the US did the same. As a result, Europe stocks are in the green as of writing these lines. Wall Street’s major indexes opened Wednesday’s trading in...Read More
Confirmed coronavirus cases continue to grow globally. The Saudi Arabia Kingdom launched an unexpected oil price war against former ally Russia. As a result, the traditional financial markets are plummeting severely. At the same time, Bitcoin showcases a positive correlation with them and drops below $8,000 – for the first time since January 2020. The...Read More
After overheating for months to pie-in-the-sky valuations, the stock markets are finally cooling down. Coronavirus may have been the catalyst, but market analysts worth their salt knew the correction was looming. The Buffett Indicator (the total market cap of the US stock market divided by US GDP) has surpassed the pre-Great Recession and pre-Dot Com...Read More
Over the past few months, news of the coronavirus-caused illness COVID-19 has spread around the world. Unsurprisingly, it has affected crypto and the broader tech industry due to how widespread the illness has become. Coronavirus Affects Crypto Events; Tron Conference Latest to Fall While COVID-19 began in China, the illness has rapidly spread around the world,...Read More
Bitcoin’s rally has occurred almost in lockstep with the spread of coronavirus. Still, analysts are cautious to attribute the gains to the outbreak. | Source: Shuttersock. | Source: Shuttersock Is there a correlation between bitcoins price action and the coronavirus spread? Virus-infected yuan placed in quarantine—Bitcoin fixes this. Bitcoin mining takes a dive following China’s...Read More
While the crypto market is currently going through an increase in prices, the coronavirus has also increased its victim count at a fast rate. But how can this new virus strain impact the number one cryptocurrency, Bitcoin? Investors are dreading that the spread of the coronavirus will deeply impact major industries from China, such as...Read More
Justin Sun looks to capitalize on coronavirus outbreak by pumping his controversial cryptocurrency. | Source: REUTERS / Stringer Tron CEO Justin Sun is on his way to help the people of Wuhan province with a box of face-masks. The founder continues to live up to his reputation for capitalizing on any opportunity to advance his...Read More
