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Showing posts with the label Economic

Bitcoins returns back after run of $20.000

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  Bitcoin pulled back after approaching $20,000 on Tuesday amid skepticism over the cryptocurrency’s intense rally. The digital asset dropped 3.2% to $18,761.33 at 12:23 p.m. in New York, after jumping to an intraday record of $19,914.33. In an interview with Bloomberg Television, Gary Cohn, a former economic chief to President Donald Trump, said the token “lacks some of the basic integrity of a real market” and could eventually fail. “Part of the integrity of a system is knowing who owns it and knowing who has it and knowing why it’s being transferred,” said Cohn, the ex-chief of Goldman Sachs Group Inc. “The Bitcoin system today has no transparency to it. So there are a lot of people that question, why would you need a system that does not have an audit trail.” The Bloomberg Galaxy Crypto Index fell 3.5% on Tuesday. Marcus Swanepoel, chief executive officer of London-based crypto exchange Luno, said Bitcoin will likely enter the $20,000 to $25,000 range before a significant selloff.

Digital misogyny: Online abuse of women surges during COVID

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  Threatened with rape and exploited for porn, women are increasingly subjected to online aggression and abuse as pandemic drives more people online. Women's rights campaigners worldwide have warned of an increase in online abuse as COVID-19 confines many people to home. Women bear the brunt of increasing digital abuse – threatened with rape and exploited for porn – as the coronavirus pandemic drives ever more people online, media experts said on Wednesday. Through salacious claims and viral memes, Brazilian journalist Patricia Campos Mello said she has repeatedly faced attack online for reporting on the Brazil government’s handling of the COVID-19 crisis. “Thousands, the internet which m appears in pornographic montages,” Mello told the Thomson Reuters Foundation’s annual event, Trust Conference, held online this year due to the pandemic. “[People] calling me a prostitute and saying that I offer sex in exchange for stories. I get messages from people saying I deserve to be raped.”