Triton poker event cancelled as effects of coronavirus continue to spread

The coronavirus continues to wreak havoc on worldwide events, affecting events and the movement of goods

The Triton Poker Super High Roller series due to take place in South Korea next week has been cancelled until further notice as the effects of the coronavirus continues to cause havoc.

The recent announcement by the World Health Organisation (WHO) declaring that the coronavirus is now a “public health emergency” seems to have been the trigger that caused event organisers to take action.

The postponement is the latest in a series of events affected by the crisis with Formula E recently announcing it had cancelled a race scheduled to take place in China.

Chinese stocks have also suffered on their reopening falling 9.1% – their worst opening for 13 years.

Bitcoin and other cryptocurrencies remain relatively bullish though in the wake of the crisis, with some traders even speculating that the effects could prove beneficial to the cryptocurrency market.

Controversy was stoked several weeks ago when cryptocurrency traders also suggested conflict between Iran and the USA could also prove beneficial to the cryptocurrency market.

The coronavirus has surpassed the death toll of the SARS virus with the number of confirmed casualties now at 490. As the virus continues to spread, tensions have heightened worldwide with the Chinese government accusing the US of spreading panic over the outbreak.

The UK reported its first confirmed case in York on Friday, and the first death outside of mainland China occurred in the Philippines over the weekend.

As governments continue to contend with the spread of the virus many have taken emergency measures including the suspension of flights to mainland China. The US, Australia and Singapore have gone a step further by banning all foreign visitors who have recently visited mainland China.

How both the traditional markets and cryptocurrency markets continue to react to the consistent updates of news remains to be seen. Yet with many sporting and gaming events already being cancelled it is likely that these are to be the last.

 

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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