Tops

Edinburgh Tops London As UK's Most-Congested City

Data from TomTom has revealed the huge amount of time commuters in the UK‘s most congested cities spend stuck in traffic each year. As Statista’s Martin Armstrong notes in the chart below, the Scottish capital has been named the worst city in the UK for this. When compared to normal conditions, the average commuter in the city needs…

Germany Extends COVID Lockdown, UK Tops 60K New Cases, NJ Suffers Most Deaths Since May: Live Updates

Summary: Germany likely to impose new COVID lockdown UK’s chief scientific advisor warns vaccines could pressure virus to mutate NJ reports most deaths since May UK tops 60K cases Switzerland could be next Biden COVID advisor on SoCal hospitals: “what it looks like right now is nothing short of…war” Suga says Japan state of emergency…

Bitcoin Tops $30k As Supply Squeeze Continues

Bitcoin prices accelerated overnight, surging through $30,000 for the first time and nearing $31,000 as we write… Source: Bloomberg Now over $10,000 beyond 2017’s record high… Source: Bloomberg Ethereum was also bid to a new cycle high at $770, but well below its $1400-plus record from Jan 2018… Source: Bloomberg The area immediately below $30,000…

Ethereum Surges As Bitcoin Tops $28k and Crashes

Bitcoin  has been stealing the spotlight in recent weeks as it has soared to record-er and record-er heights, but overnight saw a ‘regime-shift’ as Bitcoin topped $28,500… Source: Bloomberg …before crashing over $2,000 lower, only to be bought back… Source: Bloomberg Bitcoin’s surge had pushed it above its stock-to-flow model estimate… Source Some still have…

US Reports Near-Record Jump In COVID Cases; India Tops 10MM: Live Updates

Summary: US sees near record jump in cases Record deaths seen in west, south India tops 10MM  cases Germany buys 30MM doses Poland announces lockdown measures Tokyo reports second-highest number of new cases * * * The number of new COVID cases reported Friday in the US was just shy of the record highs reported…

Bitcoin Nears $24k, Ether Tops $600 As Institutional Adoption Accelerates

The extent of institutional uptake this month is rapidly becoming an order of magnitude more significant as digital gold is seeing rising interest relative to the barbarous relic… Source: Bloomberg In addition to Guggenheim giving a $400,000 price evaluation, hedge fund One River Asset Management confirmed on Wednesday that it planned to bring its Bitcoin…

Bitcoin Reaches New Record High, Tops $20k For First Time

For the first time in its history, the price of Bitcoin has topped $20,000 Source: Bloomberg Increasing optimism in the last few days over a trillion-dollar-ish COVID relief bill have catalyzed this latest push higher as investors seek some non-government-dilutable store of wealth. Source: Bloomberg Bitcoin is “eating the world” thanks to 10-year returns of…

China’s Global Power Tops The US? New Measures Say No!

Authored by Hal Brands, op-ed via Bloomberg.com, GDP and military spending matter, but so do networks of allies and “resilience”… Ever since the U.S. reached the pinnacle of global power after World War II, Americans have worried it wouldn’t remain there. Waves of “declinism” rolled across the country after Sputnik in the late 1950s, the…

US Suffers Record Daily COVID Cases As Hospitalizations Pass 100K; Global Death Toll Tops 1.5MM: Live Updates

Summary: LA imposes lockdown order US daily deaths 2nd highest US passes 200k cases/day Hospitalizations top 100k Global deaths top 1.5MM California reports countrywide record for new cases CDC director warns 450k deaths by Feb. Eli Lilly secures more vials Indonesia reports new record cases India reports 35.5k new cases China carrying out expectations of…

NYC Positivity Rate Tops 4%, NJ Cancels Youth Sports And Cuts Gathering Limits: Live Updates

Summary: NYC positivity rate tops 4% NY sees another 6k+ new cases WHO: treat slowdown in cases with caution NJ Gov tightens restrictions NYC limits viewing times for Rockefeller Christmas tree Moderna sends in emergency application Hong Kong orders civil servants to work from home Italy approves fourth stimulus package California tops 15k cases France…

As Bitcoin Tops $16k, Dalio Warns Nations Will ‘Outlaw’ Crypto If Prices Keep Rising

The ongoing institutional flow into crypto has pushed Bitcoin back above $16,000 this morning. Source: Bloomberg That is the highest since Jan 2018… Source: Bloomberg But this bullish surge could have consequences as Ray Dalio, the billionaire hedge fund legend, warns that Bitcoin’s price going higher will only force governments to take action. image courtesy…

US COVID-19 Hospitalizations Match April Highs As US Tops 100k Cases For 6th Day: Live Updates

Summary: US cases top 100k for 6th day Hospitalizations match April records Pfizer vaccine to be offered at below-market rates Global cases near 51 million New study shows COVID patients could be at higher risk of mental-health issues Denmark warns of mink farms’ threat to human health * * * The trajectory, and potential, of…

Bitcoin Tops $14k As Billion-Dollar ‘Silk Road’ Wallet Moves For First Time Since 2015

After a tempestuous 24 hours, Bitcoin prices are back above $14,000 this afternoon, officially trading for 100 straight days above $10,000… Source: Bloomberg This move comes as CoinTelegraph’s Turner Wright notes that CipherTrace speculated that the anonymous user made the transactions “to stay up to date with the Bitcoin network,” but it may have been…