Bitcoin is proving to be no haven asset amid the current global market meltdown. The price of the largest digital currency continued to swing wildly as the latest rout showed no signs of slowing down.
Author: Agency Staff
South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off.
The stock market’s latest plunge pulled global equities into a bear market with traders taking fright at the potential economic damage of the coronavirus.
Bitcoin slumped through $6 000 on Thursday, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis.
When Google published revenue from its cloud business for the first time last month, a feeling of bitter vindication swept through IBM.
Many members of the Libra Association – a Facebook-led effort to create a global cryptocurrency – are now also backing a rival effort.
South African business sentiment plunged to the lowest level in more than two decades in the first quarter and could weaken even further as the coronavirus hits the domestic and global economy.
Boris Johnson has survived the first Conservative rebellion of the new UK parliament over the involvement of Chinese telecommunications firm Huawei in Britain’s 5G networks.
The Electronic Entertainment Expo, a massive videogame conference that had been scheduled to take over the Los Angeles Convention Centre in June, was cancelled due to coronavirus concerns.
South African regulators are stepping up efforts to break the oligopoly of the country’s top auditing firms after accounting scandals involving two of the Big Four failed to do the job for them.