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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…
Report Says Chinese And Iranian Hackers Seek To Steal Coronavirus Research
In a possible escalation, U.S. accuses China of actions some officials consider attacks on American public health. Report Says Chinese And Iranian Hackers Seek To Steal Coronavirus Research [caption id="attachment_5323" align="aligncenter" width="1164"] CyberSecurity Newsflash! [/caption] Chinese hackers are targeting American universities, pharmaceutical and other health-care firms in a bid to…
No, Scarlett, Negative Rates Aren’t A ‘Gift,’ Bitcoin Advocates Warn
What seems to be a fresh attempt to sway the Fed to take rates negative saw immediate backlash from sound-money supporters. No, Scarlett, Negative Rates Aren’t A ‘Gift,’ Bitcoin Advocates Warn Bitcoin (BTC) bulls were lambasting United States President Donald Trump this week as he called on the Federal Reserve…
Fireblocks Boosts Transaction Speed 800% With Free-to-Use Algorithm (#GotBitcoin?)
A new release from Fireblocks boosts transaction speed by 800% and is free to use. Fireblocks Boosts Transaction Speed 800% With Free-to-Use Algorithm (#GotBitcoin?) Digital asset security specialist, Fireblocks, announced the development of a new multi-party computation, or MPC, algorithm on May 13. The algorithm is claimed to improve the…
JPMorgan Provides Banking Services To Crypto Exchanges Coinbase And Gemini (#GotBitcoin?)
Coinbase and Gemini reportedly had their accounts approved with JPMorgan Chase in April. JPMorgan Provides Banking Services To Crypto Exchanges Coinbase And Gemini (#GotBitcoin?) [caption id="attachment_17681" align="aligncenter" width="429"] Tyler Winklevoss, Left, And Cameron Winklevoss Are Co-Founders Of The Gemini Bitcoin Exchange.[/caption] JPMorgan Chase, the United States’ largest bank, has…