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95% tourists cancelled bookings for summer season amid 2nd wave of COVID-19

(Asian News Hub) – Following the recent spike in Covid-19 cases in India, tourism bookings in the valley have plummeted, with around 95 percent of tourists cancelling their trips.

Officials in the tourism department estimate that the number of tourists has considerably gone down with only 32,594 tourists visiting the valley in the month of April.

According to the official figures the first 15 days of April has recorded around 25,956 tourists in the valley, while as in the last 15 days of the month the numbers dipped to around 6,638.

​Manzoor Pakthoon dealing with the tourism trade told KNO that they had full bookings and were sold out till May end, but the recent spike has come like a shocker for them.

“After the promotional program in different parts of the country, the first twenty days after it’s opening Tulip Garden, witnessed a record footfall of around two lakh visitors, but spurt in Covid-19 positive cases in different parts of the country lead to the mass cancellations, and we don’t know how to react to this situation,” he said.

A Prominent hotelier of the valley and chairman Hoteliers Association Mushtaq Chahya told KNO that the situation across the country is not good, as the Covid cases are coming in lakhs.

“Right now priority should be to save life. Economy can get a hit, but can be worked on, if people live,” Chahya said.

In April a high level delegation of top officials from the Ministry of Tourism, which also included the delegates from Kenya, Vietnam and Georgia, visited the valley under the theme of “TAPPING THE POTENTIAL OF KASHMIR, ANOTHER DAY IN PARADISE”.

However, in a recent order, the Lt. Governor Manoj Sinha ordered the closure of all paid parks.

“Due to the prevailing COVID situation in J&K, State Executive Committee, in exercise of the powers conferred upon it under section 24 of Disaster Management Act, 2005, hereby orders that all paid public parks in the UT of J&K shall remain closed for visitors till further orders”.

KNO

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Cryptocurrencies: Elon Musk Changes Twitter DP to ‘Triggered’ Crypto Woman

(Asian News Hub) – Elon Musk has changed his Twitter display picture (DP), otherwise known as a profile photo, a character from a Japanese site wearing a Bitcoin dress and posed on the foreground of a $BTC logo.

The character has “Triggered” eyes. Currently, there are no explanations as to why the CEO did it. Still, speculations point out to Musk targeting Bitcoin fans that blame his tweets for the leading cryptocurrency plummet.

Musk’s Tweets Causes Bitcoin Drop

Recently, Bitcoin has dropped in market price and performance despite seeing a rise in its trends, particularly as it is on the road to recovery, following the drastic changes it suffered in the past months. The drop in performance of the leading cryptocurrency was due to Elon Musk’s tweet about it, saying that Tesla has dropped Bitcoin use due to coal energy dependence.

Tesla is known to be a clean energy company, and that Musk is also an advocate for the environment, so dropping Bitcoin was a way to adhere to their beliefs and not something personal against Bitcoin. However, recent developments have pushed Bitcoin purists to think of Musk as the villain, especially with his increased support for Dogecoin.

What Does This Mean?

Musk is always fond of trolling people on the internet, and doing things without explanation even though people would either go crazy about it or have them develop theories as to his next move. However, one speculation is that the CEO was about the “triggered” Bitcoin fans who were affected by the price drop in the market, as brought by his latest tweet.

The CEO did not mean for the prices to go down, but his meme photo tweet still had a massive effect on the cryptocurrency, and in doing so, has triggered the downfall of Bitcoin in the market today.

Currently, Wazirx still lists Bitcoin as the top and leading cryptocurrency, with a $37,500 market price and a 4.33 percent downward trend in the past 24 hours.

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Billionaire Elon Musk trolls Bitcoin again, Markets slump

(Asian News Hub) – Elon Musk, the billionaire entrepreneur is back at what he does the best, tweeting about Bitcoin and trolling the top cryptocurrency despite knowing his tweets often impact the market. 

Musk today shared a meme which many interpreted as a hint about a possible breakup with the top cryptocurrency.

The speculation about Tesla potentially selling its $1.5 billion bitcoin purchase has been rife ever since Musk announced the electric car maker has decided against accepting Bitcoin as a payment for its cars, just weeks after opening the Bitcoin payment option for US customers.

Ever since then, Musk has gone on a wild Bitcoin trolling spree which many believed led to panic selling among amateur traders and resulted in a market crash.

The Bitcoin price crash in May left many speculating whether Tesla has dumped its share, but Musk tweeted that the company has ‘diamond hands’ a popular slang in crypto-verse that indicates holding on to one’s Bitcoin even during market turmoil. But, his latest tweet has brought back the Tesla Bitcoin dump discussion again.

Bitcoin Price Slide Below $38K

Bitcoin price reacted to Elon Musk’s tweet today and slumped by 3% over the past hour after his tweet. The price of Bitcoin slid below $38K for a brief period right after Musk’s tweet. Musk even followed his meme tweet with another meme trolling about the price crash.

After three weeks of consolidation under $40K after registering a new 3-month low in the second week of May, Bitcoin was looking well set on its path to recovery.

The price broke out of an equilateral triangle on the 1-day chart breaking $38.5K key resistance. The on-chain fundamentals had started to climb back to pre-crash levels and miners had started accumulating indicating a possible lift-off above $40K.

A recent report suggested Musk’s reputation had taken a hit post his recent attack on Bitcoin and its community.

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Cryptocurrencies: Memecoin DOGE set for listing on Coinbase Pro

(Asian News Hub) – Coinbase Pro, the professional trading arm of the Coinbase cryptocurrency exchange, has begun accepting inbound transfers for Dogecoin (DOGE), setting the stage for wider adoption of the meme-based digital asset. 

Trading of DOGE will go live on Coinbase Pro on Thursday at 4:00 pm UTC, provided that liquidity conditions are met, the exchange announced Tuesday afternoon.

Initially, DOGE will be supported across five trading pairs, including DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP and DOGE/USDT. Order books will launch in three staggered phases, beginning with post-only, followed by limit-only and then full-trading.

“If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules,” Coinbase said.

The price of DOGE appears to have responded positively to the news, gaining more than 3%, according to TradingView. Of course, such gains pale in comparison to the exponential rise for the meme-based cryptocurrency through the first five months of 2021.

Dogecoin has permeated the mainstream thanks to a bizarre confluence of factors, including Elon Musk’s apparent backing of the coin and widespread support from Robinhood traders. At one point during the market craze, DOGE liquidations surpassed Bitcoin (BTC), underscoring the high demand for the asset.

Twitter activity surrounding DOGE also briefly surpassed the flagship crypto asset at the beginning of the year.

COIN TELEGRAPH

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