Tag Archives: coronavirus

The coronavirus appears to be taking a toll on Facebook’s Libra project.Libra Is Now SmallerLibra was first introduced in June of last year. The project was designed to initiate an entire payment network in which users could potentially pay for goods and services through Facebook utilizing a new cryptocurrency known as Libra. There was just one big problem… At the time, nobody trusted the social media giant.Facebook’s reputation had been seriously marred by the Cambridge Analytica scandal...

The coronavirus has had terrible effects on the cryptocurrency arena, but nothing has suffered the way crypto mining companies have suffered. The latest venture to fall victim to the stifled COVID-battered economy is Hut 8 Mining Group, a crypto mining firm stationed in Canada.Hut 8 Is the Latest Company to Get HitRecently, the company issued a statement detailing some of the concerns it had regarding how to keep its operations steady. Hut 8 says it’s experiencing heavy delays in the delivery...

Bitcoin has started the day out well. After falling beneath the $7,000-mark last week, the world’s number one cryptocurrency by market cap has managed to add a further $200 to its overall price. While the currency is still below $7,000, it’s about to break this line once again.Bitcoin Is Heading for the StarsAt the time of writing, BTC is trading for $6,979. Another $20 or so and we’ll be in a whole new range for the third time over the past month. The currency has suffered greatly at the...

As several companies in the crypto space work hard to up the ante on their security offerings and lower the prospects of illicit trading, it looks like something is doing the job for them… the coronavirus.The Coronavirus Is Having a “Reverse Effect” of SortsThe global pandemic has made its way to virtually every corner of the world, with over one million cases and more than 100,000 deaths recorded at press time. Aside from the toll it’s taken on human life, the virus has also had a massively...

Bitcoin has shot up by another $100, and the upsurge for the world’s number one cryptocurrency by market cap just keeps growing.Bitcoin Is Surging AgainNow, analysts think that if the currency can keep it up and potentially break $8,000, a run to $10,000 may soon follow. This is the sentiment of men like Craig Erlam, a senior analyst at OANDA. He explained in a recent statement that he believes $10K may not be far off for BTC if it can break the present $8,000 resistance level.Granted bitcoin...

It is impossible to find an economy in Europe that is not affected by the coronavirus crisis. However, ministers in the Eurozone region have not reached an agreement on coronavirus efforts even after deliberating for hours on end.All over the world, several countries are consistently scrambling to do all that they can to save their economies, as the effects of the coronavirus pandemic continues. For weeks now, several financial markets all over the world have felt the terrible effects of the...

Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday. The number of coronavirus cases in the U.S. has hit a new record. On Wednesday, it surpassed 400,000, doubling in just one week. The number of deaths in the country reached 12,864. The U.S. is reporting most COVID-19 cases worldwide, followed by Spain, Italy, France, and Germany. The coronavirus...

Recently, Live Bitcoin News reported that bitcoin transactions have died down on darknet markets. While this may be true for illicit goods such as guns, drugs and credit card data, illicit market owners have changed their operations up a bit as a means of ensuring they can stay in business.Darknet Sites Are Selling Coronavirus MasksIt has been reported by one source that darknet market owners are selling face masks for bitcoin on their websites to help customers allegedly battle the onslaught...

Bitcoin has once again shot past the $7,000 mark. At the time of writing, the world’s top cryptocurrency by market cap has surged more than $300 and is now trading for approximately $7,150. Just yesterday, the asset was selling for about $6,800.Bitcoin Is Once Again On TopBitcoin has been through the mill these last few weeks, dropping from about $10,350 in mid-February to roughly $3,800 in March. The currency has clearly recovered somewhat since then, but there’s still about $3,000 to go if...

Despite serious market problems that stem from the coronavirus outbreak, Samsung predicts a good profit from its first-quarter figures.Because of the coronavirus pandemic, many companies have significantly cut down their expectations for the first quarter of 2020. The pandemic and the resultant lockdown of many cities in many parts of the world, has affected the regular flow of business. This means that these companies cannot perform at their optimum level if they were doing so before....