Tag Archives: Coronavirus (COVID-19)

According to the Russian-based cybersecurity firm Kaspersky, the first three months of 2020 have seen an increased number of cryptojacking of computers for cryptocurrency mining.A report from the company said that the highest percentage surge had been spotted in South-east Asia.Cryptojacking Attempts On The RiseThe term cryptojacking is used when an attacker gains unauthorized access to a computer or mobile device to mine (or mint) cryptocurrencies. Typically, the perpetrator plants a...

Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report.It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the price drops prompted by the COVID-19 pandemic.BTC: $20,000 And Beyond This Year?“Something needs to go really wrong for Bitcoin to Not appreciate,” emphatically starts the report.By...

The three largest banks in Japan will set up a study group to examine the benefits of building a common settlement infrastructure for digital payments. Local cryptocurrency exchange DeCurret will organize the group and the meetings, which should take place twice per month.Japan’s Largest Banks Look At Digital CurrenciesAccording to the recent report from the New York Times, the core banks in question behind the study group are Mitsubishi UFJ Financial Group Inc, Mizuho Financial Group Inc,...

The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations.Bitcoin And Gold Failed In The 2020 Crisis?The sudden outbreak of the COVID-19 pandemic earlier this year prompted numerous disturbances in everyday life and in financial markets. March alone was among the worst trading...

Less than a week ago, the Government of the United Kingdom ‘unlocked’ £150 million from dormant accounts to help tackle the coronavirus pandemic. While it may look like a noble act on the surface, in reality, it reveals that governments, in collaboration with banking institutions and regulations, can easily lay a hand on private property.UK Seizing £150 Million From a Dormant AccountAccording to an official announcement on the website of the UK Government, authority “unlocked” £150 million...

Bitwage has announced the launch of what’s reportedly the world’s first Bitcoin 401(k) plan, enabling companies to give employees the ability to invest their pre and post-tax dollars in Bitcoin.Announced by Bitwage CEO, Jonathan Chester, the launch comes after the company tested the system for ten months on its own employees.World’s First Bitcoin 401(k)According to the report, companies can now offer employees “the ability to invest traditional/pre-tax and Roth/post-tax 401k dollars into...

Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily.The S&P 500 Down Just 10% From Its February LevelsThe S&P 500 is currently trading at above 3,000 basis points, charting an increase of about 2% on the day. More interestingly, it’s down only about 11% from its...

The large American multinational investment bank Goldman Sachs will host a conference call regarding Bitcoin, gold, and inflation. While precise information on the call’s content is limited, the massive bank appears to be the latest Wall Street-based entity to acknowledge the primary cryptocurrency.Goldman Sachs To Talk About BitcoinAccording to the invitation, the event will take place on May 27th, and it’s called “US Economic Outlook & Implications of Current Policies for Inflation,...

After the restrictions of quarantine are over, the leading U.S. based crypto exchange, Coinbase, will embrace a ‘remote-first’ culture. The remote-first shift has been accelerated with the duty to comply with the six feet apart social distancing measures currently in place due to Coronavirus.Implications for Coinbase EmployeesCoinbase estimates that between 20 – 60% of the company employees will work remotely despite the restrictions of COVID-19 are lifted.Once the proper procedures have been...

Swiss-based fintech company and builder of marketplaces Lykke Corp has announced its new project in digital financing strategies The Open Initiative. It is dedicated to aiding governments and institutions around the globe with resourceful visions of how digital technology is capable of transforming the world supply chain and financial systems in a post-COVID-19 economy.The Open Initiative As A Global Call For ActionThe project has the role of putting even more reason into digital finance and...