Bitcoin And Crypto-Currency
Bitcoin Starts Quarter With Price Down Just 10% YTD vs U.S. Stock’s Worst Quarter Since 2008
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
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?)
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?)
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 3.28 Million Rise In Jobless Claims (#GotBitcoin?)
More than 3 million workers file for jobless benefits as coronavirus hits the economy. Dramatic Stock Rise Over-shadows Record 3.28 Million Rise In Jobless Claims (#GotBitcoin?) 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 to…
Digital Payments Soar Amid Coronavirus Restrictions (#GotBitcoin?)
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?)
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?)
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…
The CFTC Just Defined What ‘Actual Delivery’ of Crypto Should Look Like (#GotBitcoin?)
The U.S. Commodity Futures Trading Commission (CFTC) published its final guidance on "actual delivery for digital assets" Tuesday, seemingly settling a longstanding question on when a cryptocurrency can be "delivered" from one party to another. The CFTC Just Defined What ‘Actual Delivery’ of Crypto Should Look Like (#GotBitcoin?) The CFTC…
Federal Reserve Taps BlackRock To Purchase Bonds For The Government (#GotBitcoin?)
World’s largest money manager by assets to purchase agency CMBS on behalf of New York Federal Reserve. Federal Reserve Taps BlackRock To Purchase Bonds For The Government The Federal Reserve on Tuesday asked BlackRock Inc. to steer tens of billions of dollars in bond purchases, a reflection of the influence…
Crypto CEO Compares US Dollar To Onecoin Scam As Fed Keeps Printing (#GotBitcoin?)
Crypto-Twitter has reacted with horror to the news that the United States Federal Reserve has been given a mandate to print as much new money as it needs to in order to avert a deeper financial crisis due to the coronavirus pandemic. Crypto CEO Compares US Dollar To Onecoin Scam…
Economic Downturn Could Cost Five Million U.S. Jobs (#GotBitcoin?)
Economic output seen shrinking by as much as $1.5 trillion with recession all but certain. Economic Downturn Could Cost Five Million U.S. Jobs (#GotBitcoin?) The fallout from the coronavirus outbreak is expected to have a significant negative impact on U.S. economic prospects, with predictions emerging for losses of up to…