Coronavirus outbreak

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Source Node: https://cointelegraph.com/news/bitcoin-and-gold-short-lived-correlation-not-a-sign-of-comparability
Time Stamp: August 18, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having a phenomenal year in terms of year-to-date returns. According to Skew Analytics, gold has a 27.93% YTD return, while Bitcoin has racked up a 71.68% YTD yield. Although Bitcoin sees much higher volatility than gold,

Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

Source Node: https://coinfomania.com/revolut-to-provide-crypto-support-for-its-7-million-users-to/?utm_source=rss&utm_medium=rss&utm_campaign=revolut-to-provide-crypto-support-for-its-7-million-users-to
Time Stamp: April 9, 2020 7:23 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

The Platform Is Set for Virtual Conferences: Will It Live Up to Its Promises?

Source Node: https://cointelegraph.com/news/the-platform-is-set-for-virtual-conferences-will-it-live-up-to-its-promises
Time Stamp: April 8, 2020 1:09 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As the global economy struggles to adapt to the rapid changes the coronavirus pandemic has forced upon the world, the virtual conference space is booming. The need to engage, communicate and expand our network has perhaps never been so necessary as businesses struggle to survive what may be the next great economic depression. Blockchain and cryptocurrency are sectors of the financial technology industry that are used to leading the way when it comes to innovation, and it’s no surprise that blockchain conferences are quickly moving online in an effort to keep

Bitcoin’s Hedging Performance in the Wake of the Coronavirus Outbreak

Source Node: https://cointelegraph.com/news/bitcoins-hedging-performance-in-the-wake-of-the-coronavirus-outbreak
Time Stamp: April 4, 2020 5:46 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to be its worst single-day loss ever. However, on Thursday, March 12, 2020, the Dow then recorded the fifth-largest drop in modern history based on percentage points by a staggering amount of almost 10%. Unfortunately, the losses did not stop there. Four

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake