Tag: Pandemic

Grayscale survey connects COVID-19 pandemic to new Bitcoin purchases

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As Bitcoin price rises toward $18,000 and traders attempt to secure a new all-time high, the surge of institutional investors jumping on the Bitcoin (BTC) bandwagon continues. This time, institutional and retail investors are both keen to accumulate Bitcoin, and data from crypto derivatives markets shows institutional investors are driving Bitcoin volumes to new highs. BTC futures volume by exchange. Source: Digital Assets Data According to research from Grayscale Investments, a digital asset management company that currently holds over $9.8 billion in assets under management, the coronavirus pandemic may be a…

Pfizer’s Pandemic Vaccine News Fails to Dampen Interest in Bitcoin

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The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately 4%. Bitcoin’s Decoupling On the other hand, stocks that benefited from lockdown restrictions went down as the vaccine raises hopes for a return to normal life. Still, it appears the same vaccine hopes did not dampen interest in bitcoin, another major beneficiary of lockdown restrictions.…

Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs

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The COVID-19 pandemic has served both as an x-ray onto existing vulnerabilities in the global financial system, and as an accelerator for destabilizing tendencies, including higher sovereign and consumer debt in emerging markets. At an online meeting of the Central Bank Governors’ Club, hosted this week by Bank of Russia Governor Elvira Nabiullina, representatives were unanimous in their expectations of the far-reaching consequences of the current crisis. At the meeting, the 26 central bank representatives that convened from Central Asia, the Black Sea region, the Balkan countries and beyond, also noted…

Saudi Aramco Feels Pandemic Impact as Net Profit Falls 45%

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The COVID-19 caused the crude oil prices to drop to an unimaginable position forcing almost all oil producers including Saudi Aramco to respond by cutting capital expenditures. Saudi Aramco (TADAWUL: 2222) was severely affected by the global pandemic which has done a lot of damage to the demand for oil affecting its price. According to a report, the company recorded a 44.6% fall in its net profit in the third quarter of the year compared to the recorded profit in the same period in 2019. In the third quarter of 2019,…

The Pandemic Situation Has Benefited the Crypto Industry

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Despite the “Black Thursday” crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth. The comment came during an interview with Fortune hosts Jeff Roberts and Jen Wieczner. During the interview, CZ shared his opinion on several issues, including central bank digital currencies, the BitMEX saga, and regulation. But most intriguing of all was CZ’s thoughts on how the panic situation has benefited the crypto industry. Balancing the Ledger is back! For our return, Binance…

COVID-19 Pandemic Creates Successful Business Opportunities for Startups and Entrepreneurs

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The world economy is currently facing COVID-19 pandemic. This pandemic has shaken the government and citizens by impacting the economy all over the globe. COVID-19 is a medical term for the Coronavirus. It is a killer virus that infects people and makes them sick. Also, it is typically difficult to cure a coronavirus infected person. Because many countries didn’t get the accurate vaccine. This virus spreads from one infected person to another quickly. So social distancing and being quarantined is more essential to control the spread of this virus. Even…

Blog: Engagement key in protecting people’s privacy across the UK during the pandemic

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13 October 2020 Information Commissioner Elizabeth Denham highlights the positive results of the ICO’s engagement with the UK devolved administrations on the use of data in the fight against COVID-19. In times of crisis, the value of collaboration is crucial. That’s been central to the ICO’s approach during the pandemic, whether that’s benefiting from the shared expertise of international colleagues through the Global Privacy Assembly, or working alongside organisations within the UK. Last month, I wrote about the engagement with the Department of Health and Social Care on the England…

IBM blockchain powers new app to help firms reopen amid pandemic

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A new application powered by the IBM blockchain aims to help people around the world return to physical encounters amid the coronavirus pandemic. IBM Watson Health, a healthcare-focused arm of tech giant IBM, is launching IBM Digital Health Pass, a blockchain-based app to support global organizations and companies as they start reopening after months of lockdown. IBM Watson stated that the new app can deploy multiple data types like COVID-19 test results and onsite temperature scans to generate a verified health status. With the opportunity to verify health status via…

ICO takes action against company for sending spam emails selling face masks during pandemic

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A company that sent spam emails selling face masks during the pandemic has been fined £40,000 by the ICO and issued with an enforcement notice. Studios MG Ltd, a London-based software consultancy, tried to exploit the public health emergency by sending up to 9,000 unlawful marketing emails to people without their permission. The emails were sent on 30 April in the midst of the pandemic. The ICO investigation found that the company was not involved in the business of supplying PPE, but that the director had decided to buy face masks…