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[NEWS BLOG]: ‘Off the charts’: Virus hotspots grow in middle America

DETROIT (AP) — As the United States led the world with confirmed coronavirus cases, cities such as Detroit, Chicago and New Orleans grew as hotspots Saturday, while the virus continued to pummel New York City and made its way into rural America.

Elsewhere, Russia said its borders would be fully closed as of Monday, while in parts of Africa, pandemic prevention measures took a violent turn, with Kenyan police firing tear gas and officers elsewhere seen on video hitting people with batons.

Worldwide infections surpassed the 650,000 mark with more than 30,000 deaths as new cases also stacked up quickly - read more.


OTHER RELATED NEWS

Ethereum Price Fell 43% Yesterday — That Was Its Worst Day… Ever

Ethereum Falls Off a Cliff

According to data from Nic Carter, a Bitcoin/industry startup investor and the co-founder of CoinMetrics, yesterday was Ethereum’s worst day in history; while BTC closed down 40%, the second-largest cryptocurrency lost 43% on the day, clearly marking its worst performance ever.

The last time it dropped even remotely close to this hard was amid 2017’s tumultuous uptrend, which was marked by large bouts of volatility due to global news and technical developments regarding cryptocurrencies.

Ethereum’s dramatic crash has had some serious effects on users of the ecosystem, not just investors.

As a result of Thursday’s volatility, - read more.

Bitcoin Prepares to Rally to $12,000 as Price Forms Historically Bullish Pattern

After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.

The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500 support.

Prominent analysts, however, have begun to spot silver linings in Bitcoin’s chart that are suggestive of a reversal to the upside, not an extension to the downside as some analysts have come to expect. 

"Bitcoin Readies for Next Leg Higher"

Bitcoin seemingly moves without rhyme - read more.

Billionaire Investor Henry Kravis Makes First Crypto Investment

Billionaire investor and philanthropist Henry Kravis is dipping his toe into the world of crypto assets.

According to a piece by Bloomberg on Friday, Kravis – who is co-founder of global investment firm KKR & Co. – is said to have invested in a cryptocurrency fund offered by ParaFi Capital.

The news comes via ParaFi founder and CIO Ben Forman, a former KKR employee who left to form the San Francisco-based digital asset startup. Bloomberg said a spokeswoman for Kravis has declined to comment on the investment.

Forman describes ParaFi Capital as an “investment firm focused on the blockchain ecosystem” - read more.

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