Tag: Pandemic

South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic – News Bitcoin News

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As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. Millennials Are Lagging Far Behind, Says Study Per Maeil Kyungjae, citing data from research firm Wiseapp, females aged 40-49 in the Asian country have been actively buying bitcoin (BTC) in recent weeks. The data was collected via major domestic exchanges such as Upbit…

ICO fines firms for sending more than 2.7 million spam text messages during the pandemic

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Two separate companies that sent nuisance text messages during the Covid-19 pandemic have been fined a total of £330,000 by the Information Commissioner’s Office (ICO). Messages from one of the firms prompted a record 10,000 complaints. Leads Works Ltd The ICO has fined West Sussex-based Leads Works Ltd £250,000 for sending more than 2.6 million nuisance text messages to customers without their valid consent. The messages, sent between 16 May and 26 June 2020, resulted in over 10,000 complaints. Andy Curry, ICO Head of Investigations, said: “The number of complaints we’ve…

Mastercard CEO Details Plans to Accept Cryptocurrency

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Feb.17 — Mastercard Inc. Chief Executive Officer Michael Miebach discusses the company’s plans to accept cryptocurrency, his outlook for post-pandemic consumer spending, and new efforts to support Black-owned businesses. He speaks to Emily Chang on “Bloomberg Technology.” ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic – Mining Bitcoin News

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The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining. A PC Bang Owner Made Over $3,000 Worth of Ethereum in Two Weeks According to Chosun, operators of the “PC bangs,” a common term used for the PC gaming rooms in South Korea, leverages their computers to take advantage of the pandemic-driven restrictions.…

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms – Blockchain Bitcoin News

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Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. Somesing: A Blockchain-Based Karaoke App Per Fn News, Somesing, a blockchain-based karaoke app, already hit the 400,000 users’ milestone. The figure is significant, considering that it’s doubling the user base (195,000) for the last six months. Karaoke’s hobby is like the norm in several Asian countries, and the coronavirus pandemic knocked…

What the COVID-19 pandemic has taught crypto community about curbing our emissions

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For the first time ever, the World Economic Forum’s Global Risk Report’s top-five global risks were all climate-related. From devastating wildfires in Australia and the Amazon to ravaging locust plagues on the Horn of Africa, 2020 was punctuated not only by the global COVID-19 pandemic but also a number of worrying reminders about the effects of climate change if left unchecked. Over the past year, we witnessed the severe effects of belated action amid impending crises. While the timeframe for climate change is not measured in days or weeks, climate…

Retail Crypto Adoption Advances Amid Pandemic as Acceptance and Fungibility Broaden Value – Op-Ed Bitcoin News

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While the rise in cryptocurrencies over the last year has been the source of excitement among advocates and consternation for its detractors, a look at prices alone hides the real value being unlocked within the ecosystem. Cryptocurrency’s Real Value Lies in its Use, Not Speculation With the pandemic weighing on the global economic outlook and confidence in legacy frameworks ebbing near an all-time low, crypto fills the void among investors, consumers, and merchants alike. While easy to look at the significant rise in crypto valuations as the harbinger of times…

Bitcoin Bull-Run Boosts Sales of a French Premium Wine Retailer Despite the Coronavirus Pandemic – Economics Bitcoin News

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A French wine trading firm has been favored by the recent crypto bull-run, specifically with the bitcoin prices surging across the board. Despite the pandemic, Lasserre & Papillon is making good numbers after founding BTC Wine. BTC Wine Was Launched During the 2017 Crypto Prices’ Rally Per an article published by Drinks International magazine, the luxury online wine retailer is witnessing a surge in demand nowadays. But the profitable journey first started with the bullish wave seen in 2017 that took bitcoin from $900 to $19,783.21. In that same year,…

When will Coronavirus Pandemic End with Today’s Vaccine Rates?

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According to a recent poll carried out by IBD/TIPP, more Americans are now willing to get vaccinated immediately when it becomes available to them. If there is one question that everybody in the world is seeking an answer to now, it is the question of “when will the coronavirus pandemic end?” The coronavirus has been with us for the best part of a year now and some are beginning to think that it would remain with us permanently.  While their thoughts are at best erroneous, especially due to the recent…

Ryanair Loss Expected to Reach €950M Due to Travel Restrictions as Pandemic Persists

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Ryanair hopes that the vaccine rollout will eventually facilitate return to normalcy. Ryanair Holdings Plc (NASDAQ: RYAAY) is expecting a net loss of up to €950 million in its 2021 fiscal year, which ends in March. Already, the company reported a net loss of €225.5 million in Q2 2020 and a further loss of €306 million in Q3 2020 which ended in December. Ryanair Loss May Increase On the 1st of February, Ryanair said its 2021 fiscal year would “continue to be the most challenging” in its 35-year history. The…