Tag Archives: Coronavirus (COVID-19)

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 Monday’s market open. That’s not all, however, as bitcoin’s price is also on the rise, charting a new 2020...

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 when the COVID-19 pandemic broke out earlier this year. One of the first orders of business included seizing regular life as we...

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 past few weeks have been nothing but exciting for Bitcoin as the cryptocurrency managed to briefly touch $16,000 for the first time in years. Today, it...

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 (DJI), are all bleeding out. Just today, the S&P 500 decreased by about 1.5%, while Nasdaq’s Composite index is down upwards of...

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 thread, the Wall Street veteran outlined the rapidly growing COVID-19 cases worldwide. The total number of infected has neared 45...

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 research aimed at shedding some light on US investors’ perception of Bitcoin and how it...

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 was asked about the current state of the financial world and his prediction by the end of the year. He...

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 LockdownsThe South American country had been suffering even before the government initiated extreme measures in an attempt to fight the expanding COVID-19 pandemic threat. Argentina...

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 CryptoBloomberg cited the latest JPMorgan research oriented at retail investors’ behavior during and after the COVID-19 crisis. The strategist team led by Nikolaos...

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 CompaniesOn Tuesday, Times Record News reported that Joshua Thomas Argires, 29, was taken into custody by the DOJ for fraudulently obtaining and using $1.1 million of PPP loans for personal expenses and buying cryptocurrency.For those unfamiliar, the PPP is a...