China Tries to Dodge Blame by Doubling Down on Coronavirus Conspiracies

The Chinese Communist Party is trying to dodge blame for its mishandling of the coronavirus pandemic. China is spreading misinformation suggesting the disease originated in the United States. The plans are backfiring spectacularly as U.S. officials double-down on their criticisms of China’s regime. Since the beginning of the Wuhan coronavirus pandemic, which has grown to infect over 370,000 people, the Chinese government has attempted to save face and shift attention away from their mishandling of the crisis. Instead of taking responsibility, Chinese authorities are promoting conspiracies and sowing doubts about…

Bitcoin Price Turns Bullish as Traders Fight to Flip $6,400 to Support

Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the face of wilting equities markets.  Interestingly, gold and silver prices also rallied 4.42% and 5.94% as the S&P500 and Dow closed the day with moderate losses. This could indicate that market participants who recently exited their stock positions could be looking for shelter and growth in store-of-value assets.  Thus, crypto…

Trump Stimulus Is Socialism for Corporate Profits

Clinton Administration economist Nouriel Roubini mocked Trump’s stimulus bill Monday. He said it socializes corporate losses. While taking a jab at the “socialist” $2 trillion price tag, Roubini says the fiscal stimulus will bail out big corporations, not the people. Congress is deeply divided over the stimulus bill. While members locked horns on Capitol Hill, partisans ripped both sides on Twitter Monday. Nouriel Roubini, an NYU professor and former White House economist under Clinton, came out swinging against the stimulus bill dragging through Congress Monday. Roubini bashed the $2 trillion…

In COVID-19 Stimulus, US Congress Eyes Digital Dollar to Send Aid to the Unbanked

Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to streamline payments to U.S. citizens outside of the traditional financial system. A digital dollar for direct payments to families  A draft of the legislation circulating as of March 23 proposes the creation of digital wallets for U.S. citizens to be maintained by the Federal Reserve within a section entitled “Direct Stimulus Payments for Families.”  The section envisions $2,000 monthly payments to…

Prince Harry Never Wanted to Move to Canada With Meghan Markle

Prince Harry reportedly “snapped” before making the move to Canada. He allegedly wanted to escape the negativity in England. With Meghan Markle pushing a move closer to Hollywood, things might not get any better. The Prince Harry – Meghan Markle saga continues. According to a friend of the two, Prince Harry “snapped” right before moving to Canada. Prince Harry might snap again soon. | Source: Twitter An insider told US Weekly: When it became clear Meghan was never going to get a fair shake, Harry snapped. He’s adamant that it…

This Is the Real Risk of U.S. Recession, Not the Epic Stock Market Plunge

The struggle of 30.2 million small businesses in the U.S. increases the probability of a recession in the U.S. With a cash buffer of 27 days on average, millions of businesses are at risk of temporarily closing down. The stock market is showing no signs of recovery despite aggressive fiscal policies. The U.S. stock market has been struggling to show signs of recovery following a 35% dip since February 20. But, it’s not the steep correction of stocks that are placing the U.S. economy at risk of a recession. The…

Alongside Market Relief Package, US CFTC Warns of COVID-19-Linked Crypto Scams

United States derivatives markets regulator, the Commodity Futures Trading Commission (CFTC), has joined the list of global authorities warning the public against cryptocurrency scammers trying to capitalize on the widespread coronavirus fears. In a statement issued on March 19, the CFTC highlighted that fraudsters commonly use major news events like the spread of COVID-19 in order to add credibility to their scam schemes or manipulate emotions. CFTC sees increased complaints involving crypto or forex-related scam schemes According to the statement, the agency has received hundreds of fraud complaints involving online…

Celo’s Blockchain Accelerator Invites Devs to Compete for $25K

Open-source project Celo is calling on blockchain innovators to participate in CeloCamp, an entrepreneurial initiative that seeks to highlight the potential of global financial inclusion, mass adoption of digital money and the acceleration of blockchain startups. With its new phase announced on March 20, the initiative is reportedly backed by more than 80 companies, venture firms, experts and individuals. CeloCamp aims to help decentralized technology entrepreneurs, speeding up their projects and supporting them through funding. The “CeloCamp Blockchain Accelerator” website says that they will distribute $25,000 in contest prizes during…

Over 172 Million Weibo Users’ Personal Data Is For Sale on Dark Web

Chinese social media giant saw a massive data breach result in data of millions of users available for sale on the dark web.  According to a March 19 report from Chinese blockchain news outlet Jinse, basic account information of 172 million users was available, priced at 0.177 BTC.  The account information for sale included user ID, number of Weibo posts, number of fans and followers, gender and geographical location.  Weibo confirmed the privacy issue yet deleted the post later on According to Jinse, Weibo’s security director Luo Shiyao responded to…

Alyx Review Round-Up – This May Be VR’s Defining Moment

Valve’s Half-Life: Alyx launched today. The reviews are overwhelmingly positive with some gaming outlets handing out perfect scores. Critics are touting the game as a defining moment in VR’s history. Half-Life: Alyx launched today, throwing players back into Valve’s storied franchise for the first time since 2007. In rather unusual fashion, the developer opted to lift the embargo on the release date, and the reviews have started pouring in. This game could change VR gaming forever. | Source: Valve The consensus is that Half-Life: Alyx marks a milestone in the…