5370 points, 387 comments.
Read more here 9GAG RSS feed
5370 points, 387 comments.
Read more here 9GAG RSS feed
On Monday the UK reported 10,633 cases and five deaths. Today’s number of infections is the highest figure on record since mid-February and comes as fears of the Delta variant of Covid rise. The variant first detected in India has become the dominant strain in England. The rise in infections and fatalities comes ahead of next week’s review of travel rules.
Ministers are expected to take a cautious approach but the green list could be expanded to include a handful of European countries, according to analysts.
The UK’s vaccine programme continues to make strong progress, with a further 21,080 people receiving their first dose yesterday.
More than 43 million people across the country have now received one dose of the Covid vaccine, which equates to 81.9 percent of the overall population.
And those who are fully inoculated, having received both jabs, have reached over 31.4 million.
UK Covid deaths spike to highest level since April as new variant erupts – lockdown fears
The PM will analyse data before making a decision on whether to bring Freedom Day forward
This means 59.8 percent of the UK population is fully protected against the coronavirus.
Nicola Sturgeon is expected to confirm a delay in the lifting of restrictions in Scotland, bringing the nation in line with Boris Johnson’s plan to roll back measures on July 19.
Yesterday had originally been earmarked as “Freedom Day” in England, but the Prime Minister chose to push the date back by four weeks due to rising cases of the Delta variant.
Scotland’s First Minister last week signalled he move to level zero – the lowest in the five-tier system – was likely to be pushed back by three weeks.
The PM could bring Freedom Day forward to July 5
She has also pledged to publish a much-anticipated review of social distancing rules.
Matt Hancock, the health minister, said the Covid data looks encouraging and suggests England’s lockdown can fully end on July 19 as planned because a recent rise in cases is not resulting in deaths.
Earlier today he told BBC radio: “We’re on track for the opening on the 19th of July, and we will watch vigilantly and we’ll look at the data in particular at the start of next week.
“But I would say that the data, over the last week or so, has been encouraging, and especially looking at the number of people who are dying, that is staying very, very low, and it shows that the vaccine is working.”
Thomas Cook chief predicts huge holiday breakthrough for summer [PREDICTION]
Why do people who have had both vaccines have to self-isolate? [ANSWERED]
Covid vaccine side effects: Worrying signs reported in women post-jab [ANALYSIS]
Boris Johnson will announce a review of travel rules on Monday
Nicola Sturgeon is set to announce a delay to the lifting of restrictions
Andy Burnham, the mayor of Greater Manchester, said he will hold talks with Ms Sturgeon tomorrow to discuss the ban on all non-essential travel from Scotland to Manchester and Salford.
His comments came after Ms Sturgeon on Friday announced that non-essential travel between Scotland and Manchester and Salford would be banned from yesterday.
A spokesman for the Scottish government said Covid rates in Manchester and Salford were “particularly high at the moment and these restrictions are intended to minimise the risk of either exacerbating the situation there or indeed allowing more virus to come back here to Scotland”.
Mr Burnham accused the SNP-led government of “hypocrisy”.
UK coronavirus map
He held a press conference earlier today where he told reporters he was seeking a “political route” out of the dispute.
He explained: “I anticipate having the opportunity to discuss it with the First Minister tomorrow and obviously we will want clarity on elements of the policy that are currently unclear to us in terms of the criteria that are being used here, the exit strategy, the process for lifting the restrictions on the boroughs affected.
“We just want to seek resolution and a better way of doing things going forward.
“The political route is the route to pursue. That’s obviously what we would seek to do. To put in place better dialogue, better lines of communication which clearly aren’t there at the moment.”
Andy Burnham has hit out at Nicola Sturgeon’s travel ban
Some scientists have suggested lockdown restrictions in England could be lifted on July 5.
The Prime Minister’s spokesperson said Mr Johnson would announce on Monday if “Freedom Day” is being brought forward.
They said he will pore over data including cases, hospitalisations and deaths, ahead of the press conference to see if he can bring that date forward.
The spokesperson said: “Monday will be the day when we were deciding on the decision on that and we are closely monitoring the data, ahead of providing a full update. We will set out very clearly to the public, the rationale for the decision we’ve made.”
This post originally appeared on Daily Express :: UK Feed
Wednesday’s bitcoin crash saw the entire cryptocurrency market lose nearly a third of its value with losses nearing $ 1 trillion since last month’s peak.
As of 13:58 GMT, bitcoin was down more than 50% from its record price of almost $ 65,000 set in April.
The sharp downturn came shortly after the People’s Bank of China announced that digital tokens can’t be used as a form of payment. The regulator said virtual currencies were not real, claiming that they “should not and cannot be used as currency in the market.” It also referred to a recent surge in crypto prices as speculation.
“Part of it is they have their own digital renminbi, part is the lack of control in terms of cash outflows and part of it is trying to make sure people don’t get scammed,” Paul Haswell, a partner at law firm Pinsent Masons in Hong Kong, told FT when commenting on China’s recent crypto crackdown.
The announcement propelled the selloff that started a week ago after Tesla CEO Elon Musk said the carmaker had rejected the idea of accepting bitcoin as payment for vehicles. Bitcoin also plummeted 10% after rumors spread that Tesla might have sold or was thinking of selling its $ 1.5 billion in cryptocurrency. Bitcoin recovered slightly after Musk denied the rumors.
Also on rt.com Elon Musk crushes bitcoin again with just one word
“Realistically, it is not the first time Elon Musk’s tweets have been erratic and, frankly, wrong,” Ulrik Lykke, executive director at crypto hedge fund ARK36 said as quoted by Bloomberg.
“The crypto markets are extremely emotionally driven and their participants are prone to overreacting to events they perceive as negative.”
For more stories on economy & finance visit RT’s business section
This post originally appeared on RT Business News
The total amount of yuan bonds owned by overseas institutions reached 3.22 trillion yuan (over $ 500 billion) as of the end of last month, according to data from China Central Depository & Clearing (CCDC).
Analysts say the stability of yuan-denominated assets will be a major focus of global investors amid the pandemic uncertainties weighing on the world economy.
Also on rt.com China’s foreign exchange reserves soar to $ 3.2 TRILLION
China has the world’s second-largest bond market and the government has been stepping up efforts lately to attract foreign investors.
Last year, British index provider FTSE Russell gave its final approval for the addition of Chinese government bonds in its flagship World Government Bond Index that includes mostly developed economies. The inclusion of around $ 1.5 trillion out of China’s $ 16 trillion bond market is set to occur in October this year.
For more stories on economy & finance visit RT’s business section
This post originally appeared on RT Business News
Bitcoin (BTC) and altcoin traders are more nervous than any time in over a year as a classic sentiment gauge signals “fear” is driving the market.
According to the Crypto Fear & Greed Index, cryptocurrency traders have not had such cold feet about the market climate since April 2020.
Fear & Greed uses a basket of factors to determine overriding sentiment among market participants — and therefore where the market itself is likely headed.
Price volatility can produce considerable shifts in its readings — just four days ago on May 10, the Index measured 72/100, corresponding to “greed” being at the heart of sentiment.
Fast forward to Friday and a completely different picture is apparent after Tesla rejected Bitcoin for alleged environmental damage and major exchange Binance sees attention from regulators. At the time of writing, Fear & Greed measured just 26/100 — firmly within the “fear” zone and bordering “extreme fear.”
The last time that the Index was so low was just weeks after the cross-asset crash that sent BTC/USD to $ 3,600.
As Cointelegraph reported, however, this time around, Bitcoin appears to have weathered the storm, performing “very well” against an onslaught of sellers and trader liquidations.
“If the stock market can shrug off a global pandemic, I’m sure Bitcoin can survive a tweet,” popular trader Scott Melker summarized.
Analysts have already highlighted signs of a rebound setting in for Bitcoin, while certain large-cap altcoins managed to avoid the dip altogether.
“The Elon Dump now in recovery,” statistician Willy Woo declared to Twitter followers on Thursday.
Woo highlighted inflows to exchanges turning to outflows as traders likely either bought the dip or bought back in after selling.
At the same time, stablecoin balances across exchanges continue on their own uptrend, providing huge potential liquidity should a bullish phase reenter crypto markets.
Rafael Schultze-Kraft, co-founder of on-chain analytics resource Glassnode, also noted that funding rates had reverted to their behavior from before the dip.
“That was quick: funding rates flipped positive again. Longs are back to paying shorts,” he commented on an accompanying chart.
Author: Cointelegraph By William Suberg
This post originally appeared on Cointelegraph.com News
By Yasin Ebrahim
Investing.com – The Dow rallied Friday as an unexpectedly weak April jobs report cooled fears the Federal Reserve may be forced to tighten policy sooner than many expect to curb an overheating economy.
The rose 0.49%, or 168 points, after hitting an intraday record high of $ 34,734.36. The was up 0.65%, and the gained 0.87%.
The U.S. economy created 266,000 jobs in April, below the 770,000 seen last month and well short of the 976,000 jobs economists had forecast.
The move cast doubt somewhat on the recovery, and eased fears that the Fed may have to start to talk about tapering its bond purchase.
“So much for ‘a string’ of 1 million payroll gains. That’s what Powell wants to see before he’s comfortable talking about tapering. The April miss makes it virtually impossible to get there by the June FOMC meeting,” Jefferies (NYSE:) said.
With the Fed’s ongoing narrative of lower for longer rate environment strengthened, tech stocks moved higher as fears over a rapid pace of inflation and an overheating eased.
Google-parent Alphabet (NASDAQ:), Microsoft (NASDAQ:), Facebook (NASDAQ:), and Apple (NASDAQ:), the so-called Fab 5 which makes up a quarter of the S&P 500, were in the green.
Corporate earnings, meanwhile, continued to pour in.
Peloton Interactive (NASDAQ:) rose 2% as its Q1 results that topped analyst estimates. The exercise equipment maker flagged for a $ 165 million hit from the recall of its treadmills and cut its outlook on sales and profit.
“[W]hile the recall saga is a tough pill to swallow for investors, the 30% correction is likely overdone,” Wedbush said.
Beyond Meat (NASDAQ:) slipped 5% after reporting a wider-than-expected loss of 42 cents per share as revenue fell on a pandemic-led dent in retail and restaurant demand.
“We continue to be optimistic that a post COVID-19 environment coupled with recent partnerships could lead to improved fundamentals down the road, but the N-T outlook remains still quite challenging, in our view,” Oppenheimer said in a note.
Roku (NASDAQ:) delivered a sanguine outlook on the year ahead after reporting earnings and revenue that beat analyst estimates, sending it shares more than 11% higher.
This post originally appeared on Stock Market News
A sudden bullish surge took traders by surprise as April drew to a close, with Bitcoin staging a 10% rally in a matter of hours.
Highs of $ 58,448.34 helped to erase recent losses — but not entirely.
Data from Bybt shows that BTC’s price fell by 1.98% last month. That’s the first time the world’s biggest cryptocurrency has closed the month of April in the red since 2015.
A contributing factor to upbeat market activity may have been linked to an astounding surge in revenues at MicroStrategy, a company that owns 91,000 BTC.
MicroStrategy CEO Michael Saylor said: “We will continue to acquire and hold additional Bitcoin as we seek to create additional value for shareholders.”
While Bitcoin had lost its footing for most of the week, Ether has gone from strength to strength.
The No. 2 cryptocurrency continues to break new all-time highs — with the latest record of $ 2,879.75 set on Saturday.
Overall, 2021 promises to be a crucial year for the Ethereum blockchain as the long-awaited Eth2 upgrade takes shape. The network is set to part ways with its proof-of-work consensus algorithm and shift to proof-of-stake, which is set to cut costs and preserve energy.
At $ 330 billion, Ether’s market cap has now exceeded industry giants including Procter & Gamble and PayPal — not to mention platinum. The digital asset is also a stone’s throw away from overtaking The Walt Disney Company and Bank of America.
Tesla sold a portion of its Bitcoin holdings in the first quarter, pocketing a profit of $ 101 million as a result.
The electric vehicle manufacturer announced that it had snapped up Bitcoin worth $ 1.5 billion in February, and this sale amounts to about 10% of its crypto stash.
Crypto Twitter didn’t react kindly to the news, with comedian Dave Portnoy accusing Elon Musk of profiting from a pump-and-dump engineered by his public statements supporting BTC.
Musk rejected these claims and said that he hasn’t sold any of his Bitcoin. He also explained that Tesla executed this transaction “essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.”
Meanwhile, Musk has continued to champion Dogecoin on his Twitter feed — ahead of him hosting Saturday Night Live on May 8.
There were a series of milestones this week when it comes to simplifying the process of buying crypto… and using it as a payment method.
Coinbase announced that users in the U.S. will now be able to buy digital assets using debit cards and bank accounts linked to their PayPal profiles — giving them a greater choice of digital assets than PayPal alone provides.
Meanwhile, rival exchange Gemini announced that it is teaming up with Mastercard to release a credit card that will allow crypto holders to spend digital assets and receive cash-back rewards in the form of Bitcoin.
Elsewhere, Binance announced that it was launching its own NFT marketplace in June — complete with a “Premium Event” category that is designed to attract big-name signings.
And, if you’re feeling hungry, Bubba Gump Shrimp’s seafood restaurants are going to start accepting Bitcoin and other cryptocurrencies in the next 90 days.
A leading crypto donations platform has launched a new initiative that’s designed to help the digital assets sector become the most charitable in the world.
The Giving Block has launched a “Crypto Giving Pledge” that encourages investors to pledge at least 1% of their holdings to charities each year and asks businesses in this space to contribute 1% of their revenue toward similar causes.
Users can join the initiative anonymously and without having to disclose their contributions. If everyone in crypto donated 1% of their holdings to charities, they could collectively raise $ 20 billion.
As well as raising money for “amazing causes in critical need of support,” the organization’s co-founder also says that this could erase crypto tax burdens for donors — and “put to bed this idea that crypto is bad.”
At the end of the week, Bitcoin is at $ 57,380.31, Ether at $ 2,880.41 and XRP at $ 1.56. The total market cap is at $ 2,212,553,216,270.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Fantom, Polygon and OKB. The only altcoin loser is Celo.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
“After the current lawsuit, Ripple will go public. The current CEO wants to do that. Chris wants to do that.”
Yoshitaka Kitao, SBI Group CEO
“Facebook has purchased 0 bitcoin for an aggregate price of $ 0 in a strategic corporate move to have fun staying poor.”
“If you sold #Bitcoin because Facebook didn’t buy any in Q1 and you also think you’re GMI, I have some unfortunate news for you.”
Travis Kling, Ikigai CEO
“HMRC suspects that an increasing amount of hidden wealth is slipping through its fingers thanks to the rise of cryptocurrencies.”
David Jones, UHY Hacker Young director
“With blockchain analytics, the thing we say over and over is that all this activity is on this ledger forever, and if you did something bad 10 years ago you can be caught and arrested for it today.”
Sarah Meiklejohn, computer scientist
“Rather than investing in cryptocurrency stuff, I want to focus on the extreme life extension technologies because if you die, you can’t enjoy your life anymore.”
Roger Ver, Bitcoin.com founder
“This recent recovery in Altcoin Market Cap is much sharper than the post-retrace recovery in February.”
Despite ETH strengthening further against BTC this week, Shark Tank star Kevin O’Leary still believes that Bitcoin will remain top of the crypto rankings.
Speaking to CNBC, he declared: “Bitcoin will always be the gold, Ethereum will always be the silver.”
The Shark Tank star said he had owned crypto since 2017, announcing last month that he would be allocating 3% of his portfolio into Bitcoin.
However, he has previously referred to digital assets as “crypto crap” and Bitcoin as “not a real currency.”
Decentralized finance’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers.
Crypto research company Messari says DeFi protocols have lost more than $ 284 million to hacks and other exploit attacks since 2019.
Almost half of the DeFi hacks covered in the Messari report were flash loan attacks, while others took advantage of temporary defects in price oracle feeds.
Prosecutors in the U.S. have sold off crypto they confiscated in 2018.
The digital assets, seized during a drug bust, were initially valued at $ 57,000. Three years on, and they’ve generated a profit of $ 141,000.
Monmouth County Prosecutor Christopher Gramiccioni said that the county is the first state-level agency to complete the forfeiture and liquidation of cryptocurrency assets.
“This will serve as an effective template for the state law enforcement agencies in the cryptocurrency market — a place where we can expect proceeds from crimes to continue to be concealed,” he added.
Binance’s attempts to bridge traditional markets with the cryptocurrency space through fractionalized stock tokens have drawn the attention of Germany’s financial regulator.
BaFin has warned that the world’s largest crypto exchange could face heavy fines for launching security-tracking tokens without an accompanying investor prospectus.
Binance launched fractionalized stock tokens for Apple, MicroStrategy and Microsoft on Monday, adding to tokens for Coinbase and Tesla.
The exchange told Cointelegraph: “Binance takes its compliance obligations very seriously and is committed to following local regulator requirements wherever we operate. We will work with regulators to address any questions they may have.”
With a fortune he vaguely refers to as being in the billions, the Bitcoin Cash proponent intends to switch his investment focus to cryonics over the next decade in the hopes of improving the experimental technology.
A $ 100 investment into DOGE 100 days ago would now be worth $ 2,742, while the same investment into BTC would be worth $ 130 today.
More taxes may cause short-term volatility, “but long term, you may see more demand for DeFi applications and other collateralized use cases.”
Coming every Saturday, 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.
Author: Cointelegraph By Editorial Staff
This post originally appeared on Cointelegraph.com News
This post originally appeared on Daily Express :: Gaming Feed
A new State of Play is airing today, with the headline act being more than 15 minutes of new gameplay for upcoming PS5 exclusive Ratchet & Clank Rift Apart. The new title from Insomniac Games has already dazzled during past Sony streams, showcasing gorgeous graphics that look like a playable Pixar movie as well as demonstrating the capabilities of the PS5’s super-fast SSD with lightning fast loading times for new game words. And PS5 gamers will soon get a chance to take another closer look at Ratchet & Clank Rift Apart ahead of its June 11 release date.
This new character, which bears a striking resemblance to Ratchet, is called Rivet.
Revealing this new character’s name Marcus Smith, the creative director at Insomniac Games, said: “Yes! We finally revealed her name… you guessed it! Right?! Rivet is a Lombax resistance fighter from another dimension, where the evil Emperor Nefarious hunts all those who oppose him.
“You saw brand-new locations like Nefarious City, and alternate-dimension twists on old favourites like Sargasso and Torren IV along with a sneak-peak at some new weapons and gameplay mechanics.”
While outlining what to expect from today’s State of Play, Sony separately also said: “This Thursday, feast your eyes on more than 15 minutes of new Ratchet & Clank: Rift Apart footage, plus a quick look at a pair of upcoming indie titles.”
This post originally appeared on Daily Express :: Life and Style Feed
The Moon will begin the day in Sagittarius, which will give you a sense of energy. Use the morning to do something productive and adventurous. Perhaps a morning run or a brisk walk may be on the cards.
At around midday, the Moon will move into Capricorn.
This will bless you with a sense of organisation, so use it to get your affairs in order.
A Capricorn Moon will allow you to feel responsible, so use the energy wisely.
Take the day by storm, and use today to get ahead with what you want.
Now is the time to plan for the future and think about where you are heading.
Jot down some ideas as there might be something in you which could be a moneymaker.
Be prepared to make positive changes in your life which could ultimately lead to riches.
But before the Moon crosses over to Capricorn, it will talk with Jupiter in Aquarius.
This will leave you feeling optimistic and prepared for whatever life throws at you.
All in all, today looks like it will be a good day for you, but sometimes expect the unexpected.
Horoscope Friends said: “You’ll need to be flexible, as well as having the savvy to come up with brilliant solutions that can get you out of any tricky situations.
“Along with a desire to break away from anything that is too boring or routine.
“You may be looking for a way to revolutionise aspects of your life that have become a little too stagnant over time.”