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Tag Archives: coronavirus

New Coronacoin Grows Depending on Number of Coronavirus Cases

Raise your hand if this is the most twisted thing you’ve heard in a while. A new cryptocurrency known as the Coronacoin has been developed that goes up in price granted more people fall victim to the deadly coronavirus that has spread to several different countries in just the last few months alone.Coronacoin: Profiting Off of Death?The fear and danger surrounding the coronavirus has grown to epic proportions. At the time of writing, nearly 3,000 people have died from the disease while more...

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Gilead Sciences (GILD) Stock Is 2.53% Up, Its Remdesivir Used to Treat Coronavirus

Gilead Sciences (GILD) stock price has moved up at the news that its drug remdesivir is used to treat coronavirus patients on ‘compassionate’ grounds.Gilead Sciences Inc (NASDAQ: GILD) stock has made some gains after the confirmation of the use of one of its drugs on U.S. soil. Sources say that Remdesivir is being used to treat several patients who have coronavirus. The drug is not approved by the U.S. Food and Drug Administration (FDA). Certain rules allow for the use of such mediations on...

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Bitcoin Is Back to Where It Started in 2020

In what has arguably been one of the worst drops for bitcoin in recent history, the world’s number one cryptocurrency by market cap has fallen back down to where it was in late January.Bitcoin Is Down for the CountWhile some are quick to blame the panic surrounding the coronavirus, others are saying that separate factors are responsible. Tim Enneking – the managing director of Digital Capital Management – says that bitcoin spiked to $10,500 too quickly, and that what we’re experiencing now is...

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Bitcoin Halving Is 2 Months Away while Bitcoin Price Is Below $8,000

As the third Bitcoin halving event approaches, interest among investors seems to dwindle as BTC followed the price action of the traditional markets failing to act as a haven asset.Everyone in the crypto world is aware that the third Bitcoin halving event will take place sometime in May. According to several analysts, it could be the needed spark that will ignite a crypto bull market. Interestingly, others also say that it will drop the token’s inflation rate lower than central banks’ 2%...

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Coronavirus Effect Expands: UK’s Emergency Rate Cut, Wall Street Tumbles As Bitcoin Steady Above $7800

The constant expansion of the coronavirus continues to harm the global economic markets. Monday’s severe stock sell-off pushed the UK to cut the interest rates, a week after the US did the same.As a result, Europe stocks are in the green as of writing these lines. Wall Street’s major indexes opened Wednesday’s trading in the deep red zone – S&P 500 and NASDAQ are down 3% at the moment. At the same time, Bitcoin’s price is steady around $7800.Coronavirus Spreads: Global Markets ReactThe...

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Novavax (NVAX) Stock Jumped 6% Yesterday on $4M Funding for Coronavirus Vaccine Trial

Novavax (NVAX) stock jumped again yesterday after it received a $4 million award to be pumped into developing a vaccine for COVID-19. However, today it is falling.Since the coronavirus epidemic worsened, the stock market has been a lot more unreliable than ever. Stocks that had shown a lot of promise since the year began, have crashed considerably and are still bleeding. There are a few stocks that seem to be well-positioned for an increase if the epidemic continues to get worse. However, of...

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Bank of England Cuts Rates Due to Coronavirus, Health Minister Tests Positive 

The Bank of England cuts interest rates by half. The country’s Health Minister Nadine Dorries tested positive for coronavirus.The Bank of England (BoE) today announced that it has unanimously agreed to cut the interest rates by half to a hit 0.25%, in order to support bank lending. The move to cut rates was due to the huge negative impact caused by the coronavirus which has spread from China to other countries, especially the developed economies.In a statement, the Bank of England wrote,...

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Google (GOOGL) Stock Rose 5%, Remote Work Recommended in North America

Google (GOOGL) stock rose 4.88% on Tuesday as the company is expanding work from home recommendation to all North American employees and established ‘COVID-19 fund’To ensure employee safety and reduce the risk of an infection, a few companies around the world are asking their staff to work from home. As the coronavirus epidemic got worse in China and the government began its lockdown, businesses that could run remotely began doing so. Now that the virus is spreading across the world, other...

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First Crypto Victim: Diagnosed With Coronavirus After Attending Two Recent Ethereum Community Conferences

A blockchain project executive was recently diagnosed with the coronavirus. He recently attended two major blockchain conferences and encouraged people who had close contact with him to get tested, as well.Diagnosed With COVID-19 After Attending Ethereum ConferencesZhen Yu Yong (Zen) is the Co-founder of TorusLabs – a decentralized login service company. Earlier today, he noted that after falling ill, he was later diagnosed with COVID-2019 (coronavirus.)Yong recently attended two major...

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U.S. Treasury Yields Edge Lower as Confirmed Coronavirus Cases in the Country Surpass 1,000

The U.S. Treasury yields increase volatility caused by coronavirus panic as the number of confirmed cases in the country is growing.The coronavirus outbreak in the United States has now reached a red alert level after surpassing 1,000 cases and over 30 deaths. As a result, it has affected the treasury yields which is the return on investment on the government’s debt obligation. However, the United States government debt prices rose on Wednesday, after investors had hoped on imminent fiscal...

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