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Fed Chair: ‘We Have The Ability To Create Money Digitally’ (#GotBitcoin?)
Fed Chair Jerome Powell said the bank has flooded the economy with money and would continue lending programs for as long as they’re needed. Fed Chair: ‘We Have the Ability To Create Money Digitally’ (#GotBitcoin?) Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during…
Newest Episodes of ‘Billions’ To Put More Emphasis On Bitcoin
Crypto fans witnessed another episode of Billions featuring a plot focused on a Bitcoin mining operation. Newest Episodes of 'Billions' To Put More Emphasis On Bitcoin The world of cryptocurrencies figured prominently in the newest episode of the Showtime series Billions, which was broadcast on Sunday. The story revolved around…
More Than A Dozen Obama Officials Requested ‘Unmasking’ That Identified Michael Flynn in Intelligence Reports
The list includes then-Vice President Joe Biden and former CIA Director John Brennan; the requests came after Russian interference in U.S. election. More Than A Dozen Obama Officials Requested ‘Unmasking’ That Identified Michael Flynn in Intelligence Reports The National Security Agency received and approved requests on behalf of more than…
Magic Johnson Steps-up To Address Deficiencies In PPP’s Small Business Aid Program
Former Laker is looking for ways to help hard-hit minority communities during the coronavirus crisis. Magic Johnson Steps-up To Address Deficiencies In PPP's Small Business Aid Program Citing concerns that minority-owned businesses are being overlooked, Earvin “Magic” Johnson said his EquiTrust Life Insurance Co. will provide $100 million in capital…
Lessons Of The Great Depression: Preserving Wealth Amid The Covid-19 Crisis
The hobbled American economy lies uneasily under what has been described as an “induced coma.” Lessons Of The Great Depression: Preserving Wealth Amid The Covid-19 Crisis Across the nation, businesses have been shut down entirely or significantly curtailed to stanch the spread of the coronavirus that has already infected more…
What Happens When A Lender’s Borrowers All Lose Their Jobs At Once?
Credit unions whose borrowers work in casinos, oil and other industries hit hard by the coronavirus struggle to respond. What Happens When A Lender’s Borrowers All Lose Their Jobs At Once? When Nevada’s governor ordered all nonessential businesses to close, Rick Schmidt told his wife, “there goes the Strip.” With…
After Devastating Economic Contraction, Glimmers of Growth Emerge
Daily and weekly data suggest a recovery might be brewing, though its strength is unclear. After Devastating Economic Contraction, Glimmers of Growth Emerge There are signs the economic contraction caused by the pandemic, the steepest since the Great Depression, has bottomed out and a tentative recovery may be under way.…
Google Erases Thousands of Links, Tricked By Phony Complaints
Dubious copyright claims citing 1998 law led the search giant to make unfavorable articles vanish. Google Erases Thousands of Links, Tricked by Phony Complaints A Google search, at one time, could locate a news article on a man accused of attempted child rape, another on someone charged with fraud and…
Surveillance Cameras Using AI Enforce Social Distancing At Work
Coronavirus concerns lead companies to repurpose sensors that monitor office space, but privacy experts worry about mission creep. Surveillance Cameras Using AI Enforce Social Distancing At Work [caption id="attachment_17729" align="aligncenter" width="600"] A Camera, Top Right, Mounted Over Four Leather Chairs In Rapid7’S Austin, Texas, Office That Showed They Were Being…
To Generation X, Y and Z, add C. As in Generation Crypto (#GotBitcoin?)
Gen C was born out of the 2008-9 financial crisis, Satoshi Nakamoto having inscribed the Jan. 3, 2009, London Times headline, “Chancellor on brink of second bailout for banks,” in Bitcoin’s Genesis Block. To Generation X, Y and Z, add C. As in Generation Crypto (#GotBitcoin?) The “traditional financial and…
Less Than 1% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto
More than 70,000 crypto-related suspicious activity reports (SARs) have been filed since 2013, but the Financial Crimes Enforcement Network (FinCEN) has issued a stark warning that some offshore companies may not be doing enough to stamp out illicit behavior. Less Than 1% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned…
Bitcoin Doubling Gold’s Yearly Gain So Far (#GotBitcoin)
Continuing to outpace mainstream markets, Bitcoin flexes gains more than double that of gold. Bitcoin Doubling Gold's Yearly Gain So Far (#GotBitcoin) Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold. Related: Bitcoin Is World’s Best Performing Asset…