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Tag Archives: Coronavirus (COVID-19)

Despite War and Inflation, Crypto Markets Continue to Mature (KPMG)

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 most digital assets trade far below their all-time high levels from 2021, but that has not stopped investments in the space....

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Bitcoin and Asian Equity Markets’ Return Correlation Increased 10x Over Pandemic: IMF

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. The organization noted that digitalization can prompt a much-needed shift to an environmentally-conscious payment system...

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2 Years Since the March 2020 Black Thursday Crash: What Changed for Bitcoin?

Last weekend marked the second anniversary of the notorious COVID-19-induced bitcoin crash in which the asset dumped by 50% in a day to below $4,000. While many naysayers rushed to declare BTC’s death (again), the subsequent 24 months turned out to be quite positive, given the fact that the asset added another zero to its USD price, was adopted by numerous institutional investors, and even legalized in a country. What Happened Back Then? It has been two years, but it almost...

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Australian Open Joins the Metaverse by Partnering with Decentraland

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 linked to live match data. AO Dives into the Metaverse As Omicron cases in Australia surge, the organizers of the Australian Open decided to...

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Bitcoin Rejected at $60K Amid Fears of New COVID Variant: This Week’s Recap

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 the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and...

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Omicron (OMC) Cryptocurrency Spikes 716% After WHO’s Name Choice for the Latest COVID-19 Strain

This may be good news or bad news – depending on how you take it. A small-cap cryptocurrency surged 716% over the weekend… following the WHO’s naming of the most dangerous strain of COVD-19 after it. Omicron Shows Why Names Matter Omicron (OMIC), a cryptocurrency that defines itself as a decentralized reserve currency protocol available on the Arbitrum Network, started giving joy to its hodlers around noon on November 27, when it broke through resistance near $70 and rose to...

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Anthony Scaramucci: Cryptocurrency Markets Had Their Black Friday On November 26

Today was an ugly day for the cryptocurrency world. In fact, it was a bad day for the financial markets in general. The U.S. stock indexes fell 2% on average, the FTSE lost 3.64%, the DAX was down 4.15%, oil futures tumbled more than 10%, and cryptocurrencies lost more than $200 billion in capitalization. All because of fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the...

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Peter Thiel: Bitcoin at $60,000 Means The Economy Is Facing Real Crisis

Peter Thiel – Co-Founder of PayPal and Palantir Technologies – believes the high price of bitcoin indicates that inflation has started shaking the financial network. He opined that investors should not rush to buy BTC when the USD value for a single token is more than $60,000. The Fed Is in a State of ‘Epistemic Closure’ The coronavirus pandemic and the catastrophic economic issues, which it brought became a reason for many governments to initiate controversial financial...

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Andrew Yang Reveals His Political Party Will be Pro Crypto

Andrew Yang – an American entrepreneur, politician, and founder of the newly launched Forward Party – said he wants his organization to represent the US crypto community. In Attempt to Solve America’s Financial Problems “Not right. Not left. Forward.” That is the slogan of the new political party in the United Stated – The Forward Party. According to its pro-crypto founder – Andrew Yang – the digital asset industry is also headed in that direction. Yang – best known for being...

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Thailand’s Tourism Authority Intends to Launch its Own Utility Token: Report

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 aims to attract cryptocurrency owners to the country by launching its own utility token. Named after the entity, the TAT coin would...

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