Strain on Sovereign Wealth Funds Could Spark Another Stock Market Plunge

The U.S. stock market is at risk of a further sell-off as sovereign wealth funds ready to dump stocks. Oil prices are straining the cash-buffer of wealth funds, and selling stocks would alleviate some pressure. The U.S. economy faces additional pain as regional economies slump. The U.S. stock market has recovered by 16.3% since hitting its new low on March 23. The $2 trillion relief bill alleviated pressure off of equities. But, as sovereign wealth funds prepare to sell stocks in the near-term, equities face another sell-off. JPMorgan strategist Nikolaos…

U.S. Coronavirus Deaths to Hit 200,000 as New York Refugees Spread Deadly Infection

The coronavirus will probably kill up to 200,000 Americans, White House advisor Dr. Fauci warns. This comes as plans to quarantine the New York tri-state area fall through. Infected New Yorkers are spreading the virus all over the country, despite efforts from state governors. The coronavirus has already infected 135,627 Americans and killed 2,384. But this is only the beginning. According to Dr. Fauci, director of the National Institute of Allergy and Infectious Diseases, the virus will eventually kill 100,000 – 200,000 in the United States alone. His remarks come…

Why Bitcoin’s Tumble Under $6,000 Could Be the Start of Something Worse

Bitcoin hasn’t done too well over the past few hours. As reported by this outlet previously, the cryptocurrency just tumbled under $6,000 just hours ago, falling under this key psychological level for the first time in a week. Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed The cryptocurrency seems poised to close its ongoing daily and weekly candles under this level, which would mark a slight blow to bulls. Indeed, many traders expect the asset to continue to trend lower over…

Berkeley Blockchain Incubator Welcomes Startup Fighting COVID-19

The Berkeley Blockchain Xcelerator, an incubator program for distributed ledger technology, or DLT, startups run out of UC Berkeley, has welcomed Snark Health into its spring cohort. Snark Health seeks to combat COVID-19 by “building a framework for data-driven discussions and shared learnings” to enable the “rapid dissemination of information to improve patient outcomes.” Health startup fighting coronavirus joins UC Berkeley blockchain incubator Snarks platform aims to facilitate the sharing of best practices and information regarding the coronavirus pandemic between individuals, non-governmental organizations, and government agencies at local, state, and…

Trump Won’t Fund Meghan Markle & Harry – Should’ve Denied Them U.S. Entry

Prince Harry and Meghan Markle will reportedly need to ask President Trump for free, diplomatic protection. Trump emphatically denied them today. He should’ve never let them move to the U.S. Now they’re just a distraction during a global pandemic. Prince Harry and Meghan Markle’s recent move to Los Angeles is, like everything they do, shrouded in controversy. According to International Business Times, the celebrity couple would need to seek Donald Trump’s approval for diplomatic protection. In one of the few moves where he’s seemingly united Americans, Donald Trump gave these…

Blockchain-Related Deals Are Moving From The US to China

New York-based research firm, CB Insights, has released a report showing that  Chinese startups are starting to substantially increase their blockchain-related investments. The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015, deals from US-based companies accounted for 51% of Blockchain tech growth. Comparatively China-based companies represented only 2%. However, the balance has now tipped in China’s favor.  Data indicates that in 2019, the percentage of deals enacted by U.S. startups fell to 31%. During the same year, China’s market share grew…

BTC Worries, Buterin ‘Embarrassed,’ Blockchain Fights Coronavirus: Hodler’s Digest, March 23-29

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week A calmer week for Bitcoin — but price may not return to $10,000 soon Bitcoin remained largely steady in the mid-$6,000s for most of this week but failed to punch through levels above $6,900. Analysts, such as Cointelegraph’s Michaël van de Poppe, have warned BTC…

Will Wuhan Doctor’s Dire Warnings Send Dow Jones Plummeting?

The Dow Jones slumped by 4% on Friday after Trump signed the $2 trillion relief bill. A Wuhan doctor’s warning on asymptomatic cases could add to the fear felt by the U.S. and Europe’s stock markets. With a gloomy macro landscape, researchers say stocks are headed for a deeper pullback. The Dow Jones Industrial Average (DJIA) ended Friday with a 915-point drop, down 4% in a single session. The fall came swiftly after U.S. President Donald Trump signed the highly anticipated $2 trillion relief package. Now, warnings from a doctor…

Blockchain to Revolutionize Luxury Watch Ownership

Digital identity consortium, Arianee, has authenticated a limited batch of luxury wallets using its blockchain protocol. On March 26, Swiss luxury watchmaker Breitling announced the release of a limited edition chronograph certified using the Arianee protocol. Each individual Top Time watch will be given a unique digital identity using distributed ledger technology. Breitling Issues First Blockchain-Based Digital Warranty For Mechanical Watch Breitling, which was founded in 1884, claims to be the first watchmaker to issue watches with a warranty program certified using blockchain technology. Each watch will be sold with…

Confused About Nier: Replicant? Let Me Explain

Nier: Replicant is an upcoming remake of the cult classic Nier from 2010. The remake features a teenage boy rather than the familiar middle-aged man. If you’re confused by this situation then you’re almost certainly not alone. Nier: Automata is an insanely popular title. The first game in the Nier series didn’t do so well but has a ‘cult classic’ status. But lucky fans have got the news we’ve been waiting for: Nier is being remade as Nier: Replicant. The situation might be quite confusing for western fans. The remake…