#CoronaCoin: crypto developers seize on coronavirus for new, morbid token

Called the “CoronaCoin,” its supply will diminish every two days based on the rate of new cases, according to its website - suggesting its price could move higher the more people the virus kills.

The coronavirus epidemic is becoming global, with six new countries reporting their first cases on Friday and the World Health Organization raising its global spread and impact alert to “very high.”

Latest WHO figures indicate more than 82,000 people have been infected, with more than 2,700 deaths in China and 57 deaths in 46 other countries.

The rapid spread of the virus, which emerged in China in December, has stoked a frenzied selloff in global markets, with the three major U.S. stock indexes on track for their worst week since the 2008 financial crisis.