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Tag Archives: Coronavirus (COVID-19)

Twitter CEO Jack Dorsey Allocates $1 Billion Of His Square Equities To Launch COVID-19 Helping Fund

Twitter CEO and Square founder, Jack Dorsey, is joining the list of entrepreneurs donating money and supplies to fight the COVID-19 pandemic. The well-known Bitcoin proponent has transferred $1 billion worth of his Square shares into an entity called Start Small LLC. The amount represents 28% of his net worth.Jack Dorsey’s COVID-19 FundAs the fight against the novel coronavirus continues, large entities and even individuals are donating significant amounts for equipment, masks, ventilators,...

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Why Global Markets Are Rallying When It Seems Like They Should Be Crashing Due To COVID-19?

There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks now. It appears like Wall Street’s doing great. The Dow Jones Industrial Average has increased by 21.8% since Mar 23.So have investors lost their minds? On the face of it– this seems absolutely crazy. How could stocks be rallying when 10 million people in...

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It’s Bitcoin’s Time To Shine Amid Coronaviurs Outbreak, Tim Draper Says

The countermeasures attempted by world governments to fight the COVID-19 pandemic will have disastrous consequences on the economy, said Tim Draper. The prominent VC investor outlined that amid this, Bitcoin will flourish as people will utilize its decentralized nature.Simply Printing Money Doesn’t WorkThe sudden outbreak of the coronavirus pushed world leaders to take drastic measures to fights the spread. Entire countries initiated full lockdowns, businesses closed down, the economies...

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Bottom Found? Wall Street And Cryptocurrencies Are Soaring In Green

Markets across the board are marking tremendous increases since the beginning of the week. The largest indexes are charting notable gains despite the continuously spreading coronavirus as well as other concerns such as the escalating number of job loss claims in the US.The cryptocurrency market follows as absolutely every coin in the top 20 is trading in the green today. Some are even up double-digits.Wall Street RejoiceThis week has been very impressive for Wall Street, to say the least. At...

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Large Bitcoin Mining Facility Lays Off Staff Because Of Coronavirus Pandemic

Bitfarms, a blockchain infrastructure company running one of the largest North America-based mining operations, is cutting staff members. The firm cited the ongoing economic and social turmoil caused by the COVID-19 pandemic.Coronavirus Hits Bitcoin Mining Firm In North AmericaThe unexpected outbreak of the COVID-19 harmed people’s health, financial markets, economies, and businesses. Numerous companies had to take radical measures to endure, and the cryptocurrency field is not exempt.Based...

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COVID-19 Tests And N95 Masks Sold On The Darknet For Bitcoin

Darknet markets are seeing increases of suspicious merchandise advertised to protect or even fight the COVID-19 pandemic. The sales are conducted in several countries using bitcoin and other cryptocurrencies as the primary payment method.Selling Coronavirus Merchandise Via CryptoThe rapidly expanding novel virus scared a lot of people, and they rushed to purchase protective gear such as N95 respirator masks. Naturally, the increased demand and the limited supply boosted the price of the...

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Gold Correlates With Bitcoin Amid Coronavirus Outbreak, VanEck Report Says

The outbreak of the novel coronavirus (COVID19) caused serious turmoil in the global financial markets. According to a report by VanEck Global, an ETF and Mutual Fund Manager, during this crisis so far, gold correlates with Bitcoin increasingly in the short-term.Gold Correlates With Bitcoin Amid Coronavirus OutbreakGold and Bitcoin are two assets that have nothing to do with each other on the surface and yet they are oftentimes compared. A closer look reveals many similarities, such as...

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Halving and COVID-19 Crisis May Lead To Miners War With Devastating Effects On Bitcoin Price

Bitcoin’s price is a subject of serious speculation. Now that the halving is just around the corners, experts and analysts are even more active.While the majority of people rely on history as an indicator, there are those who believe that Bitcoin’s price will crash following the halving. In fact, some believe that the event, combined with the ongoing coronavirus crisis will cause a massive competition among miners with devastating effects on BTC’s price.Bitcoin Miners War Post...

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Cash And Debit Cards May Transmit COVID-19 And CBDCs Could Be The Solution, BIS Report Says

Amid the spread of the COVID-19 pandemic, world governments and central banks should focus on launching CBDCs, a BIS report suggested. By using digital currencies, people could avert cash, credit card terminals, or PIN pads – which may transmit the novel virus.Coronavirus And MoneyThe COVID-19 outbreak took the world by storm. Over 1.2 million confirmed cases and 65,000 deaths since the start of the year. What’s even more threatening is the speed in which the virus spreads.Some reports...

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Peter Schiff: Doomsday Is Coming, Gold Price Will Prevail: But, What About Bitcoin?

More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years.Gold To Stand Above AllWhether or not the COVID-19 is the only reason why most financial markets are tumbling is still disputable. However, the fact is that equities, oil, and yes, the cryptocurrency market, plunged hard in the past...

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