Bitcoin reverses ‘bear market’ at $53.5K as Pfizer gains on fresh panic over coronavirus ‘Nu’ variant

Bitcoin (BTC) stemmed some of its losses as Wall Street opened on Nov. 26 after concern over a new COVID-19 variant spark a global market sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pfizer gains as coronavirus panic sets in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending its downturn at just above $53,500 on Bitstamp. The pair then added almost $1,500 as some sense of equilibrium returned to crypto markets, trading at around $54,400 at the time of writing. Both crypto and traditional assets were rattled on the…

Africa’s solarized digitalization agenda in the time of coronavirus

The seventh session of the Africa Regional Forum on Sustainable Development convened earlier this month with the theme “Building forward better: Towards a resilient and green Africa to achieve the 2030 Agenda and Agenda 2063” and to promote the economic, social and environmental dimensions of sustainable development. Amina Mohammed, deputy secretary-general of the United Nations, pointed out that developing a just, fair economic model that embraces green and renewable energy, resilient infrastructure, and digitalization — while protecting natural resources by broadening partnerships for science, technology and innovation — could unleash…

Got coronavirus stimulus? Buying Bitcoin has already offered 12% returns

Americans who received their second coronavirus stimulus checks on Dec. 29 have already gained 12% — if they invested it in Bitcoin (BTC). As the United States government rolls out another round of “free” money to eligible residents, attention is fixed on how many will choose to invest their $600 in cryptocurrencies. April stimulus recipients now have $5,600 The handouts began last week and are expected to be completed by Jan. 15. According to a dedicated monitoring resource, those who received the money on the first day and who immediately…

A New York airport test pilots blockchain-based coronavirus cleanliness app

With an eye towards the rapidly spreading coronavirus pandemic, Albany Airport has begun experimenting with the “Wellness Trace App” to track the cleanliness of surfaces and objects inside the airport. The app, developed by General Electric Co. (GE) in partnership with TE-FOOD and Eurofins, aims to provide a safe travel experience during and after the coronavirus pandemic. It is built using the Microsoft Azure enterprise blockchain. The app aims to provide travelers with information about the cleanliness of surfaces prior to travelers touching them in real-time. Travelers will be able…

Sleepy Swiss town launches Tezos-backed Coronavirus aid program

On Friday the Swiss town of Wetzikon — formerly best-known for its idyllic pastures and churches — launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be funded with a municipal credit line earmarked for the Coronavirus and will be distributed to the roughly 25,000 inhabitants of Wetzikon in the form of an eCoupon worth 10 Swiss francs.  Residents can access the disbursement through a smartphone app, “ecoo,” which will be using…

Is Donald Trump Faking Coronavirus? Here’s Why People Think He Is

Some believe Donald Trump is faking his coronavirus illness. They point to the convenient timing just as bad press came out. A swift recovery would further his rhetoric that the U.S. is nearing the end of the pandemic. The past week has been wild in terms of political headlines—from the New York Time’s bombshell report on Donald Trump’s taxes to the most ridiculous presidential debate in U.S. history, there’s been a lot to digest. But one headline takes the cake when it comes to shock-value: Donald Trump has coronavirus. For…

We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, there are many things to consider. Coronavirus emergent patterns determine how the infection spreads and sets the society on a particular course into the future. The impact of the novel coronavirus on consumer society has been tremendous. The effect has mostly been seen as the closure of workplaces, resulting in people…

Australian Watchdog Warns of Spike in Crypto Scams During Coronavirus Pandemic

The Australian Securities and Investment Commission (ASIC) has identified a sharp rise in investment scams during the coronavirus pandemic and has singled out crypto-related fraud as a particular concern. Between March and May 2020, investment scams of all types have reportedly risen by 20% as compared to the same period in 2019, according to ASIC’s announcement on June 24. Criminals appear to be attempting to take advantage of the economic insecurity that many citizens are facing during the crisis. ASIC’s executive director for assessment and intelligence, Warren Day, warned that…

US Markets Rebound to Recover All Coronavirus Losses — What About Bitcoin?

The Nasdaq, an index which primarily represents tech stocks like Amazon, Microsoft, and Alphabet, has surpassed 10,000 points to hit a new record high. The move above 10,000 effectively erased all the losses suffered from the coronavirus pandemic, yet, the price of Bitcoin (BTC) remains 50% down from its record high at $19,665. Bitcoin was seemingly correlated with the U.S. stock market throughout March, but now the digital asset is seeing a decline in momentum following a 167% increase in price within three months. The bullish trend and V-shaped recovery…

Revolut Confirms Firing 62 Employees in the Wake of Coronavirus

Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired. The European fintech company responded with a statement on the numbers and rationale. “As in many companies, COVID-19 necessitated cost cutting across our business and, in the last resort, we made 62 redundancies globally, representing less than 3% of our staff,” a Revolut spokesperson told Cointelegraph on June 5.  Revolut allegedly asked staff to quit   Job redundancy refers to a certain title or position that companies determine as obsolete or no longer necessary,…