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Kamala Harris Unveils New Crypto Plan and Major Financial Opportunities for Black Men
14.10.2024
Vice President Kamala Harris has unveiled a plan focused on supporting Black men, with cryptocurrency playing a significant role. Her “Opportunity Agenda for Black Men” includes ensuring that those holding digital assets “benefit from financial innovation.” Noting that over...
Zach Bruch, Founder and CEO of MyPrize, on the Evolution of Crypto Casinos, Trading, and Creating Multiplayer Experiences in Web3 | Ep. 329
26.4.2024
Zach Bruch, the Founder and CEO of online crypto casino MyPrize, discusses MyPrize emerging from stealth, onboarding nearly 100,000 users, online casinos being a perfect vehicle for bringing more people into the crypto space, and MyPrize enabling content creators to become small businesses...
Investigation Reveals El Salvador Misused One-Third of $600 Million COVID Relief for Bitcoin
1.11.2023
The COVID-19 pandemic plunged El Salvador into economic turmoil in 2020, causing GDP to plummet nearly 8% and leaving many struggling to survive the strict lockdown measures. So when the Central American Bank for Economic Integration (BCIE) approved a $600 million loan in 2021 to provide relief...
Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?
17.5.2023
Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options.
Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from...
US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
27.3.2023
U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based...
Report: South African Digital-Only Bank Launches Crypto Payments Gateway
6.12.2022
A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway...
Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms
21.11.2022
Amazon founder and former chief executive Jeff Bezos has given some advice to consumers and small businesses about what they should do given that the U.S. economy is either already in a recession or is headed into one “very soon.” The billionaire said: “The economy does not look...
Charles Schwab: Cryptocurrency Is a Top Method for Retirement Savings
28.10.2022
A study published by financial giant Charles Schwab shows that cryptocurrency is a top method for retirement savings. “Gen Z and millennial workers are more likely to also invest in cryptocurrency, real estate, annuities, and small businesses, unlike older generations.” Crypto...
The opportunities and risks of Metaverse for small businesses
22.7.2022
The benefits outweigh the risks when it comes to the adoption of Metaverse for small businesses
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
15.7.2022
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran...
BitNile to Lend Up to $100M to Small Businesses Backed by Own Bitcoin
22.4.2022
Loans will range from $1 million to $25 million and be offered to publicly traded companies under $250 million in market capitalization
Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year
15.1.2022
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries...
Coinbase to Make Crypto Work for Small Businesses
25.11.2021
Coinbase, one of the leading crypto exchange platforms has initiated the #WeAcceptCrypto stand for small businesses and making the transaction handy. Small companies, which are infused by distinct personalities and opinions of both owners and consumers, play an important role in establishing...
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US
25.9.2021
A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from...
Small Businesses Can Now Invest in Crypto Using the Banq App
2.6.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Today, Las Vegas-based payment app banq, launched the ability to invest in Bitcoin and Ethereum from multiple accounts under one platform. Users can create as many sub-accounts as they need for business...
US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value
27.6.2020
The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their...
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
The Stimulus Cover Up: Small Businesses Cheated, Corrupt Covid-19 Stats, Crony Benefits
19.4.2020
Last week thousands of Americans have been reporting that they received their stimulus check, while many people have been having issues with the system. Moreover, the Coronavirus Aid, Relief & Economic Security (CARES) Act has not been able to cover everyone and the Small Business...
$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American
25.3.2020
On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest...
US House Committee to Hold Hearing on Blockchain Benefits for Small Businesses
28.2.2020
The Committee on Small Business will discuss how blockchain technology can help startups in March