Biden admin announces travel ban for South Africa and 7 other countries, citing new variant

The Biden administration announced plans on Friday to ban travel to the United States from South Africa and seven other countries, just hours after a new coronavirus variant was deemed a highly transmissible virus of concern. The travel restrictions will begin Monday, affecting South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi, according to a senior administration official. The administration’s decision was in response to advice from Anthony Fauci, the president’s chief medical adviser, and the Centers for Disease Control and Prevention, the official said. Roughly a dozen countries…

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WHO classifies new ‘omicron’ variant as ‘highly transmissible’ virus

BRUSSELS (AP) — The discovery of a new coronavirus variant sent a chill through much of the world Friday as nations raced to halt air travel, markets fell sharply and scientists held emergency meetings to weigh the exact risks, which were largely unknown. A World Health Organization panel named the variant “omicron” and classified it as a highly transmissible virus of concern, the same category that includes the delta variant, the world’s most prevalent. The panel said early evidence suggests an increased risk of reinfection. Medical experts, including the World…

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FDA seeks advice on whether to limit Covid-19 pill in pregnant people

The Food and Drug Administration will ask independent advisers Tuesday whether to limit the use of a Covid-19 antiviral pill in pregnant people due to potential risks, according to agency documents posted Friday. Merck and partner Ridgeback Biotherapeutics manufacture the drug, molnupiravir, which they say cuts in half the risk of hospitalization or death from Covid for patients with mild to moderate disease and has boosted hopes of finding a simple at-home treatment for the virus. Regulators are considering whether to authorize the pill’s emergency use in adults who have…

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Failure to vaccinate poor countries fans fears of uncontrolled outbreak

As the world heads into the third year of the Covid-19 pandemic, U.S. and international health representatives are increasingly worried that the virus will outpace the global effort to vaccinate large portions of the world in the first part of 2022. Although COVAX, the global vaccine equity effort, has secured hundreds of millions of doses for the beginning of next year, officials fear the virus will spread uncontrollably, infecting vulnerable populations, before more countries can receive and administer first doses. To date, only 43 percent of the world is fully…

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2021 Crypto Literacy Report Suggests 96% of Americans Fail to Comprehend Basic Crypto Knowledge

A recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents aware of bitcoin, 17% in the U.S., 15% in Brazil, and 14% in Mexico own the crypto asset. The report published by cryptoliteracy.org further explains that 9 out of 10 survey respondents did not know that Bitcoin’s supply is capped off at 21 million. Despite the Bull Run in 2021, Study Shows Crypto Knowledge Is Lacking in the US, Mexico,…

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Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round

A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the exchange, will be used to expand its operations across Africa. Financial Freedom According to a report by Disrupt Africa, Jump Capital led the funding round that also featured Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors. In his comments following the announcement, Busha co-founder and…

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Biden’s anti-Trump approach to racial justice flashpoints

KENOSHA — There are no Twitter rants. No threats of calling in tanks to break up violent protests. No warnings that ”when the looting starts, the shooting starts.” As two high-profile, emotionally charged trials — that of Kenosha, Wisc., shooter Kyle Rittenhouse and three men convicted of the murder of Ahmaud Arbery — came to their dramatic conclusions in recent weeks, President Joe Biden has in every way attempted to be the anti-Donald Trump. He has kept a low profile, working behind the scenes to keep the peace both on…

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Renters strike back as cities cap price hikes by landlords

As the cost of housing soars, one old idea is starting to get traction with voters: rent control. Voters in Minneapolis and St. Paul this month approved ballot initiatives to enable the Twin Cities to cap rent increases. Santa Ana, Calif., did so in October. And Michelle Wu, Boston’s new mayor, campaigned earlier this year on restoring rent control — an idea that Massachusetts’ Republican governor has repeatedly objected to but says he’d be willing to discuss to help tackle housing woes. Supporters and opponents alike say the recent initiatives…

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Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today the market capitalization of all the stablecoins in the world is more than $152 billion or 5.84% of the crypto economy’s USD value. Stablecoins Have Seen Massive Growth Within the Crypto Economy Stablecoins have been…

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Crypto Economy Slides 8% in Value Shaking Out Billions, Blame Placed on New Covid Variant

During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between 6% to 20%. Global Markets Lurch in Fear Over B.1.1.529 Variant Global markets are shaken today as headlines declare that a new Covid-19 variant called B.1.1.529 is spreading beyond South Africa where it was discovered. The B.1.1.529 variant is said…

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‘Ridiculous demands’ and ‘impossible requests’: Life outside Cuomo’s pandemic war room

ALBANY, N.Y. — No one dared tell Andrew Cuomo how terrible they thought his idea was. In the summer of 2020, with Cuomo at the height of his pandemic-inflated fame, the then-governor of New York suggested that the state health department deploy half its roughly 5,000 employees to check restaurants for their compliance with the state’s mask-wearing and capacity limit rules. Cuomo wanted to tout the number of tickets issued for noncompliance during his nationally televised news briefings, according to a former administration official who was on a call when…

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Flexible Staking Now Live on Bybit’s ByFi Center

Bybit recently launched Flexible Staking on its ByFi Center. This new service allows traders to stake BTC, ETH, USDT, and USDC to earn stable and guaranteed yields. Participants will receive yield every day for their staked tokens. Traders can get started by staking at least 0.01 ETH, 0.001 BTC, 50 USDC, or 50 USDT. For newer traders with a lower risk appetite, they can get started with either USDC or USDT, as these flexible staking products have lower entry points. The staked tokens can be unstaked by participants at any…

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Russian Parliament Sets Up Working Group on Cryptocurrency Regulations

A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group in Russian Parliament to Address Regulatory Gaps in Crypto Space The Russian State Duma is now forming a working group of deputies who will try to deal with outstanding questions regarding the regulation of decentralized…

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Sidus Heroes CEO Dan Khomenko Talks About the Economics of Play-to-Earn Blockchain Games, NFTs and the Metaverse

SIDUS HEROES is the first ever WEBGL, AAA-level, Play-to-Earn, NFT and MMORPG game. The game is set in a space metaverse at a time when technological advancements have reached the level of merging with all living beings. All characters belong to one of several blockchain races and embody that chain’s strongest attributes. Dan Khomenko is the co-founder and CEO of SIDUS HEROES. He recently joined the Bitcoin.com News Podcast to talk about the game: Before getting into blockchain gaming, Dan Khomenko worked in FinTech, banking, property development, blockchain and crypto.…

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Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns

Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures were a consequence of “business-related considerations in the evolving regulatory environment.” Etoro Limits Cardano and Tron Trading for US-Based Customers Etoro, one of the most important Israel-based trading companies, has limited tron and cardano trading for users based in the U.S. The announcement was made on…

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Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges

Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing. Uzbekistan Loosens Restrictions on Domestic Crypto Trading Uzbekistanis will be able to trade digital currencies on the country’s licensed crypto exchanges. This has become possible after the National Agency for Project Management (NAPM) under President Shavkat Mirziyoyev recently amended the rules pertaining to local cryptocurrency trade. According to the new…

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Ban or No Ban: Conflicting Reports on Crypto Regulation Coming Out of India

Ever since the Indian government listed a cryptocurrency bill to be taken up in parliament during the upcoming session that starts next week, much debate has transpired about whether the government will ban cryptocurrencies, such as bitcoin and ether. Crypto Regulation Is Coming but There Are Conflicting Accounts About What Is In It Indian crypto legislation is drawing near. The Indian government has listed a cryptocurrency bill to be taken up in Lok Sabha, the lower house of India’s parliament, for the winter session which starts on Monday, Nov. 29.…

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Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has advised investors to “buy bitcoin right now.” He explained that the U.S. is “looking more and more like any other irresponsible third world country.” Ricardo Salinas Pliego on US Economy and Bitcoin Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economy and bitcoin Wednesday. He is the founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services, and retail stores. According to Forbes’ list of billionaires, his net worth is currently $14.2 billion. Salinas tweeted…

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Weed lounges are coming to a city near you

LAS VEGAS — Planet 13’s cannabis “superstore” on the Strip has 30,000 square feet of retail space alongside a cafe, a bar and a marijuana processing center, all behind a glass wall where customers can see the various contraptions used for making cannabis products. But there’s one thing missing: a place to smoke weed. In a city where tourists light up cigarettes on casino floors and stumble out of bars carrying plastic cups filled with booze, public cannabis consumption is conspicuously restricted in Sin City. The masses of tourists buying…

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JPMorgan CEO Jamie Dimon Warns People to Be Careful When Investing in Crypto Citing ‘No Intrinsic Value’

The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be very careful.” JPMorgan Boss Jamie Dimon Warns About Investing in Crypto JPMorgan Chase and Co’s (JPM.N) chief executive officer, Jamie Dimon, shared his thoughts on the U.S. economy, inflation, China, and cryptocurrency in an interview with CBS Boston, published Wednesday. He was asked whether young people should invest in crypto in reference to several commercials encouraging investors to put money…

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