Americans Bitcoin investment to rise with stimulus fund
Americans Bitcoin investment in the coming weeks is set to rise as many citizens are committing their next stimulus funds to Bitcoin investment. Sources in the White House have confirmed that by Monday, plans for second stimulus funds payout in the country should have been approved. The stimulus funds, just like the ones paid between […]
US government PPP handouts reach 100 crypto firms
The US government PPP handouts, meant to help businesses from COVID-19 storm, has also reached many crypto companies. More than one hundred companies dealing in crypto and blockchain technologies have been given aid under the COVID-19 relief program called Paycheck Protection Program. As per the latest loan data figures released by the US government’s Small […]
What would happen if people spend $300bn stimulus money on Bitcoin?
According to Kraken if the $300 billion stimulus money were to be spent on buying Bitcoin, Bitcoin would have been the most promising investment asset existing today. Following months of lockdowns, business closures, loss of hundreds of thousands of jobs, and weeks of fierce protests against police brutality, the US economy is finally getting back […]
Coronavirus recession hits German economy hard
Germany is the latest European country to be walloped by the coronavirus recession as the country shows the worst-ever economic downturn since the global financial crisis of 2008, reported Business Insider on May 15. If you thought that the rapidly ravaging coronavirus outbreak was the defining factor of 2020, think again. As most countries gradually […]
Will Bitcoin grow stronger with second round of stimulus checks?
The House Democrats on Tuesday proposed another round of stimulus checks, with the newly proposed bill set to cost over $3 trillion, making the United States’ coronavirus economic bailout the biggest-ever emergency spending by a country. With more than 30 million Americans losing perhaps their only means of livelihood and most silicon valley and wall […]
India’s coronavirus rescue package is among the biggest in the world
Modi’s India announced a mega coronavirus rescue package on Tuesday, hailed as one of the most substantial economic bailouts after the US and Japan. It works out to be roughly 10 percent of the country’s GDP. Countries around the world are unleashing trillions of dollars of cash in frantic attempts to mitigate the financial fallout […]
Did Tron Foundation receive coronavirus aid from US?
According to a post that’s gone viral on Chinese social media Justin Sun’s Tron Foundation has supposedly received the pandemic relief grant of over $2 million from the US and has managed to pique several Twitter users. For anyone who has been up to the speed on Justin Sun founded Tron foundation, which also maintains […]
COVID-19 stimulus checks spent on Bitcoin net 35%
When the United States government issued COVID-19 stimulus checks mid last month, many people expressed their intentions to lash out on guns, tigers, and Bitcoin. Those who purchased Bitcoin using their coronavirus stimulus effect, are already reaping the benefits as we head towards the block rewards halving. According to data shared by Coinbase CEO Brian […]
U.S. Lawmakers again push for blockchain in COVID-19 relief
The calls to use blockchain in COVID-19 relief package passed by the Congress are rising again. Now, 11 Congressmen have appealed to the U.S. Treasury Department to employ innovative technologies, including blockchain, to disburse funds under the newly launched COVID-19 stimulus package. Earlier too, lawmakers talked about how blockchain can help streamline monetary transactions and […]
US, China draw battle lines as coronavirus outbreak derails global economy
As the coronavirus outbreak continues to ravage across the United States, leaving a devastating impact on the global economy by severely damaging the industrial activity of the world’s two most significant and largest economies, Forbes reports that this could very well be the beginning of the end of the US dollar dominance. President Donald Trump […]
Mark Cuban talks about Bitcoin and American economy amid coronavirus
In a recent episode of The Pomp Podcast billionaire entrepreneur and Bitcoin critic Mark Cuban shared his opinion on the monetary policy decisions taken by the government post the health crisis and what it would take to change his critical stance on Bitcoin. The widespread lockdowns to curtail the spread of the deadly virus […]
European economy will be worst hit by coronavirus, ECB
The European Central Bank’s (ECB) vice president Luis de Guindos said in an interview that the European economy is likely to face the worst consequences of the coronavirus pandemic as the world continues to cower in terror, The Irish Times reported on 12th April 2020. As governments continue to encourage people to huddle up inside […]
Stocks and cryptocurrency market take a beating following Easter
Cryptocurrency market and stocks continue to take a severe beating, following an Easter weekend, as both markets struggle to cope up with the far-reaching impact of the pandemic in the United States. Investors usually look for a way to price in the risk; however, given the current uncertainties and extent of damage caused by the […]
Square joins Paycheck Protection Program as stimulus lender
Square joins Paycheck Protection Program in a bid to help the U.S. small businesses secure stimulus payments. Square, the world-famous crypto-friendly firm, will be part of the Paycheck Protection Program launched by the U.S. government in response to the COVID-19 pandemic. Square is well known for its love of Bitcoin, cryptocurrencies, and blockchain technology. 3/4 […]
Coronavirus bailout cripples regulatory framework?
Although 2019 is the year when crypto space witnessed unprecedented numbers of regulations, it appears the epidemic Coronavirus bailout is now crippling all those efforts. During the year 2019, crackdowns on the crypto industry, statements from central bank governors, G20 finance ministers, and regulators were recorded. However, now as the world is in the grip […]
