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Tag Archives: Coronavirus (COVID-19)

Andreessen Horowitz To Raise $450 Million For A Second Cryptocurrency Investment Fund, Report Says

The private American venture capital firm, Andreessen Horowitz (a16z), intends to raise $450 million for a second cryptocurrency investment fund, according to a report. The company already raised $300 million in 2018 for its first-ever investment fund devoted to cryptocurrency-related businesses.A16Z To Raise $450M?The Financial Times reported yesterday that Andreessen Horowitz will be raising $450 million for a second cryptocurrency investment fund. By citing “two people briefed on the...

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The FBI Warns Against The Growing Number Of COVID-19 Cryptocurrency Scams

The Federal Bureau of Investigation (FBI) has issued an official warning regarding the increasing number of COVID-19 scams involving cryptocurrencies. The agency outlined various fraudulent activities, including blackmail attempts, work from home fake ads, and investment scams.FBI: Beware Crypto And COVID-19 ScamsThe sudden COVID-19 outbreak caused numerous disruptions in regular day-to-day life. Millions of confirmed cases worldwide, entire nations under lockdown led to people losing jobs...

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Safe-Haven Uncorrelation: Gold Surpasses $1,700 Recording Highest Price Since 2012 As Bitcoin Struggles

Gold has crossed the $1,700 mark for the first time since 2012 as traders and investors seek wealth security in these times of economic uncertainty — headlined by the COVID-19 outbreak. The recent gains in the gold market coincide with pressures on Bitcoin, which has dropped from nearly $7,500 to about $6,800 within seven days.As of writing these lines, gold’s daily high lies at $1,722 following a 16% increase since the monthly low of March 16, 2020, at $1,450.Gold, since 1971....

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Analysis: Cryptocurrencies Lost To COVID-19 Related Scams Are Decreasing Since Mid-March

Funds sent to cryptocurrencies scams exploiting the COVID-19 pandemic have decreased since the start of March. Scammers are using mostly phishing and blackmail emails, but their efforts have not marked much success as of late.Crypto COVID-19 ScamsAside from the many positive features cryptocurrencies possess, they are also sometimes involved in suspicious and fraudulent activities. The sudden outbreak of the coronavirus attracted numerous scams where the perpetrators requested digital assets...

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Interest in Bitcoin Rising: 430,000 New Wallets Created Over The Past 90 Days

The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both.BTC Addresses Go UpThe popular cryptocurrency monitoring resource, Glassnode Insights, provided a chart regarding the number of Bitcoin addresses with at least 0.01 BTC in holdings (worth approximately $69 at the time of this...

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After Recording A 3-Week High, Bitcoin Loses $700: The Crypto Weekly Update

Bitcoin’s price went on a rollercoaster during the past week. After surging to its three weeks high at slightly above $7,400, the cryptocurrency saw a sharp decline upwards of 5% over the past 24 hours. This got it to where it currently trades at around $6,880.During the last week, altcoins managed to hold their grounds as Bitcoin’s dominance decreased by about 1%. It’s also worth noting that two of the top 10 cryptocurrencies, Bitcoin Cash and Bitcoin SV, saw their halvings take place on...

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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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