Day: March 4, 2020

Why Warren Buffett Ignored Doomsayers and Bought the Stock Market Dip

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Berkshire Hathaway increased its position in Delta by about 1.4%. Wall Street analysts have been warning against buying amid the stock market rout. Warren Buffett is not one to follow the herd. The coronavirus disease outbreak has ravaged airline stocks in the wake of global flight cancellations. While everyone was scurrying for the exits, Warren Buffett was buying. According to an SEC filing posted earlier this week, Berkshire Hathaway (NYSE:BRK.A) bought 976,507 shares in Delta Airlines Inc. (NYSE:DAL) towards the end of February. At the time of the transaction, the…

Norway Totally Unprepared for Coronavirus, Now Crying for Help & Neglecting its Population

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Norway is one of the world’s richest countries and boasts an incredibly advanced healthcare system. Yet it’s utterly unprepared to combat the coronavirus outbreak. Citizens are crying out for help, and the government has responded with stunning neglect. Norway, one of the richest countries in the world. Norway, where politicians get severance pay from counties and municipalities while working and getting paid as state secretaries. Norway, a place where politicians can create fictitious travel bills and rake in thousands of dollars. Norway, which boasts one of the best healthcare systems…

Crypto Exchange Digitex Removes KYC to Protect User Data

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While some global cryptocurrency exchanges move to expand Know Your Customer (KYC) rules, some major rivals claim that crypto platforms don’t need KYC at all. Digitex, a Seychelles-based crypto derivatives exchange, will start removing KYC identification this week in response to a major user data leakage that happened last month. Digitex will have no KYC identity requirements as of April 2020 Adam Todd, CEO at Digitex Futures Exchange, revealed the news in a public video statement on March 4, declaring that Digitex will have all KYC identification processes removed from…

CoinDesk’s Policy on Coronavirus and Blockchain Week NYC

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As we all look ahead to Consensus 2020 and Blockchain Week NYC, we wanted to share the following updates with you regarding the recent spread of the COVID-19 virus.  As of today, CoinDesk is moving forward as planned with Consensus 2020 and Blockchain Week NYC, but we will be monitoring the situation on a daily basis between now and May 8.  We have over 60 speakers confirmed in our great lineup, including Kevin Werbach from the Wharton School, the influential economist Carlota Perez and Chris Burniske from Placeholder. There are…

CoinDesk’s Statement on Coronavirus and Blockchain Week NYC

boss

As we all look ahead to Consensus 2020 and Blockchain Week NYC, we wanted to share the following updates with you regarding the recent spread of the COVID-19 virus.  As of today, CoinDesk is moving forward as planned with Consensus 2020 and Blockchain Week NYC, but we will be monitoring the situation on a daily basis between now and May 8.  We have over 60 speakers confirmed in our great lineup, including Kevin Werbach from the Wharton School, the influential economist Carlota Perez and Chris Burniske from Placeholder. There are…

Here’s Why Big Rate Cuts Won’t Stop the Dow From Plunging Into a Bear Market

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History shows that emergency interest rate cuts precede a bear market. WHO issues new guidance regarding the mortality rate of COVID-19 (coronavirus). A new study estimates that the virus could easily halve economic growth this year. The Federal Reserve shocked market participants on Tuesday after announcing an aggressive 50-point rate cut. The move was intended to shore up liquidity in an effort to combat the economic impact of the coronavirus. Unfortunately, the big rate reduction did not drive the Dow Jones Industrial Average higher as expected. On the contrary, the…

Chainlink (LINK) Steals Bitcoin’s Thunder, Sets Historic High as Crypto Market Bleeds

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The Chainlink’s crypto token hit a new record on Wednesday even as its top rivals continued to underperform amidst a gloomy market outlook. Dubbed as LINK, the eleventh-largest cryptocurrency climbed 27 percent this week to establish an all-time high of $4.92. It performed similarly well against bitcoin, rising by more than 22 percent to 55,683 sats to become one of the leading risk/reward assets in both the dollar and crypto-denominated markets. Chainlink’s LINK token hits ATH despite crypto meltdown | Source: TradingView.com, Binance Elsewhere, other cryptos remained pressured by the…

Uphold’s New Debit Card Lets You Pay With Bitcoin, XRP and Gold

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Digital payment platform Uphold has released a new debit card, allowing users to pay with converted crypto, commodities and cash.  Uphold’s new multi-asset debit card allows United States-based participants to spend assets held in their Uphold accounts at any Mastercard compatible location, a representative from Uphold told Cointelegraph in an interview. “Anywhere globally where Mastercard is accepted, they will be able to use this debit card,” she said.  United States-based customers can now pre-order the card, which touts compatibility for 24 crypto assets, 27 fiat currencies, and four metals including…

Mysterious Star Wars Game ‘Project Maverick’ Surfaces On PlayStation Network

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A bot has found an unannounced game called Star Wars Project Maverick on the PlayStation Network. This fresh discovery features an image for the game. Could this be the Star Wars game currently in development at EA’s Motive Studios or something else entirely? An unheard-of Star Wars game titled Project Maverick has appeared on the European PlayStation Network, according to Twitter handle PSN Releases. Source: Twitter Star Wars Project Maverick The Twitter account, which, according to its description, is a bot that provides updates about PlayStation 4 releases, authored a…

Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty

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The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed for bankruptcy in 2008. The announcement didn’t have a favorable effect on the stock market and the Dow shed close to 800 points after Fed Chairman Jerome Powell announced the cut. Also Read: This Is How Much BTC You Need to Enter Bitcoin’s Elite…