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Record 6.6 Million Americans Sought Unemployment Benefits Last Week (#GotBitcoin?)

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Coronavirus-related layoffs trigger record-setting surge in jobless-insurance claims. Record 6.6 Million Americans Sought Unemployment Benefits Last Week (#GotBitcoin?) A record 6.6 million Americans applied for unemployment benefits last week as the new coronavirus struck the U.S. economy and sent a recently booming labor market into free fall. The large number…

‘Breakthrough’ As Lightning Uses Web’s Forgotten Payment Code (#GotBitcoin?)

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Lightning Labs has published its draft specification for Lightning Service Authentication Tokens (LSAT) — a protocol standard that promises to redefine online payments through employing a little known HTTP status code. ‘Breakthrough’ As Lightning Uses Web's Forgotten Payment Code (#GotBitcoin?) According to a March 30 blog post authored by Lightning…

Treasury Department Selects Wall Street Banks To Advise On Airline Aid (#GotBitcoin?)

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PJT Partners, Moelis, Perella Weinberg Partners expected to be tapped. Treasury Department Selects Wall Street Banks To Advise On Airline Aid (#GotBitcoin?) The Treasury Department plans to hire three Wall Street banks for advice on doling out tens of billions of dollars in aid to the airline industry, which is…

A Surveillance Company Claims It Has Developed A ‘Coronavirus Detection Camera System’

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As coronavirus continues to spread, the lack of available tests is a persistent problem in the U.S. Now, a company known for offering controversial gun, knife, and fight detection cameras says it’s selling a ‘Corona Virus Detection system.’ A Surveillance Company Claims It Has Developed A 'Coronavirus Detection Camera System'…

Bitcoin Starts Quarter With Price Down Just 10% YTD vs U.S. Stock’s Worst Quarter Since 2008

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Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion. Bitcoin Starts Quarter With Price Down Just 10% YTD vs U.S. Stock's Worst Quarter Since 2008 That was according to the latest quarterly price data from…

Bitcoin Enthusiasts, Liberal Lawmakers Cheer A Fed-Backed Digital Dollar

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One out of every 14 households in America have no bank account. Bitcoin Enthusiasts, Liberal Lawmakers Cheer A Fed-Backed Digital Dollar Negotiations over the $2.2 trillion coronavirus aid package signed by President Trump on Friday weren’t just historic for the cost, nor the speed with which it was reached. Though…

If You Didn’t Get The Memo IMF Says Global Recession Is Underway, Worse Than 2009 (#GotBitcoin?)

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International Monetary Fund Chairman Kristalina Georgieva said Friday a global recession is underway and predicted it will be worse than the 2009 financial crisis, especially in developing nations. If You Didn't Get The Memo IMF Says Global Recession Is Underway, Worse Than 2009 (#GotBitcoin?)   “We have reassessed the prospect…

Stimulus Bill Allows Federal Reserve To Conduct Meetings In Secret (#GotBitcoin?)

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Gives Fed $454 Billion Slush Fund for Wall Street Bailouts. Stimulus Bill Allows Federal Reserve To Conduct Meetings In Secret (#GotBitcoin?) The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs –…

Dramatic Stock Rise Over-shadows Record 55 Million Rise In Jobless Claims (#GotBitcoin?)

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More than 3 million workers file for jobless benefits as coronavirus hits the economy. Dramatic Stock Rise Over-shadows Record 55 Million Rise In Jobless Claims (#GotBitcoin?) [embed]https://www.youtube.com/watch?v=kiOibarCApg[/embed] A record 3.28 million workers applied for unemployment benefits last week as the new coronavirus hit the U.S. economy, marking an abrupt end…

Digital Payments Soar Amid Coronavirus Restrictions (#GotBitcoin?)

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In Italy, e-commerce transactions have risen 81% since the end of February, McKinsey says. Digital Payments Soar Amid Coronavirus Restrictions (#GotBitcoin?) [caption id="attachment_16828" align="aligncenter" width="600"] An Instacart Shopper Scans Bar Codes While Picking Up Groceries For A Delivery Customer In North Hollywood, Calif.[/caption] Digital-payment services are facing a surge in…

Canada’s Largest Bank Is Amongst First Victims Of Mortgage Debt Crisis (#GotBitcoin?)

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Canada’s largest bank by assets is moving to protect itself as pain spreads through the mortgage market. Canada’s Largest Bank Is Amongst First Victims Of Mortgage Debt Crisis (#GotBitcoin?) The Royal Bank of Canada RY 5.89% moved Wednesday to unload hundreds of millions of dollars worth of commercial real-estate debt…

Crypto-Friendly Bank Revolut Launches In The US (#GotBitcoin?)

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Mobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future. Crypto-Friendly Bank Revolut Launches In The US (#GotBitcoin?) The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for a payment…