Tag Archives: News

As of late, many people have been questioning whether bitcoin qualifies as a “safe haven” asset. Some say no, considering it was not able to withstand the pressures caused by panic over the coronavirus.The Middle East Sees Bitcoin DifferentlyHowever, it looks like many traders and miners in the Middle East would disagree. Evidence suggests that bitcoin and other forms of crypto qualify as safe havens in these states, given they face tough economic conditions and sanctions brought on by the...

The crashing and burning of bitcoin has left the currency in the dust, and many say they’re losing confidence in the asset, along with the industry that houses it.Bitcoin Has People Questioning Its AbilitiesAt the time of writing, bitcoin has steadied itself somewhat and is trading in the mid-$5,000 range. This is a massive fall from where it was just last month, when it was trading for more than $10,300. For the most part, bitcoin has lost about $3,000 in just the last week alone.The...

In a memo to employees, Amazon has confirmed the second coronavirus case and notified all employees who came in contact with the infected person. Amazon has allowed remote working from home for all its employees through the month of March.E-commerce giant Amazon.com Inc (NASDAQ: AMZN) has confirmed another case of coronavirus COVID-19 from its Seattle office on Friday. Speaking to CNBC, Amazon has confirmed that the employee has been kept in quarantine for the time period. As for the Amazon...

Cristiano Ronaldo joins the fight against Covid-19 that has triggered a global health scare and jolted the global sporting calendar. All CR7 hotels are set to be converted into hospitals.Portuguese football player Cristiano Ronaldo announced that he will transform all his CR7 hotels into coronavirus hospitals. Spanish ‘Marca’ newspaper said:“All the hotels owned by Cristiano from the next few days will be transformed into free hospitals for Coronavirus patients who need a bed and a structure...

Donald Trump’s coronavirus test came back negative, his personal physician revealed on Saturday. According to the doctor, the test was performed Friday night and the president “remains symptom-free”.The United States President Donald Trump has tested negative for the coronavirus, according to a statement Saturday from the White House.Sean Conley, the physician to the president said:“Last night after an in-depth discussion with the President regarding COVID-19 testing, he elected to proceed....

For the past several days, Live Bitcoin News has reported on the fact that bitcoin has entered a freefall that has caused it to lose roughly half its value over the course of a few short weeks.Maybe It’s Time to Buy BitcoinIt’s a scary thought at first, but many analysts and professional traders are telling people that now is the time to get even more involved in the market.At first glance, whenever economic strife hits us, the first instinct for most people is to run away and think about...

The coronavirus has got crypto crashing as of late, but it’s not just the individual coins themselves that are suffering. Miners are also experiencing the harsh realities of a falling industry.Bitcoin Miners Are Likely to Be Hit HardAt the time of writing, bitcoin—the world’s number one cryptocurrency by market cap—is trading for a flimsy $5,300, and even this is nowhere near as low as the number ($4,100) that bitcoin struck during yesterday’s late-night hours. Overall, the asset is down by...

It’s scary to think that bitcoin could get any worse at this point, but that’s what’s happening. There’s no beating around the bush; the world’s number one cryptocurrency by market cap is falling hard.Bitcoin Is Heading Further SouthAt the time of writing, the asset is trading in the low $5,000 range – a significant drop from the $5,800-$6,000 we were witnessing just yesterday afternoon. The currency had fallen as low as $4,100 during all this hype and hoopla surrounding the coronavirus and...

The Tesla (TSLA) stock price has crashed 45% from its 2020-high in less than a month’s time. Morgan Stanley has reduced the target for the Tesla stock and global economic concerns weigh in.Giving a much-needed breather to investors, the Dow Jones Industrial Average closed this week on Friday on a positive note. Crashing close to 21,000 levels on Thursday, Dow Jones made a quick recovery on Friday surging nearly 2000 points. However, Wall Street’s top performer for 2020, Tesla Inc (NASDAQ:...

Bill Gates co-founded Microsoft in 1975 with Paul Allen and was CEO until 2000. Gates was director of the board at Microsoft until 2014. But now he is leaving the board to focus on philanthropy.Microsoft said yesterday that its co-founder Bill Gates is stepping down from its board of directors. Gates co-founded Microsoft in 1975 and was acting as the chairman of the board until 2014. Back in 2008 he stepped back from day-to-day operations.Gates explained this unexpected move with the...