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Nalezeno "coronavirus crisis": 31

Spanish Municipality Creates Its Own Cryptocurrency to Boost Economy Hurt by Coronavirus Crisis

29.12.2020
A municipality in the province of Sevilla, Spain, has launched its own cryptocurrency, which aims to encourage residents and merchants to arrange transactions with it in the midst of the coronavirus-driven economic impact. Spain’s Sevilla Municipality Launches ‘Elio’...

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

21.12.2020
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...

Capitalism and The Coronavirus Crisis: The Coming Transformation(s)

8.11.2020
The world economy is currently experiencing its severest contraction since the Great Depression of the 1930s. Unlike the Great Depression and the global financial crisis (GFC) of 2008-2009, this crisis cannot be directly attributed to the dysfunctional workings of capitalism. But even if it is...

Coronavirus Crisis Driving US Investors to Bitcoin, Survey Finds

27.10.2020
The coronavirus pandemic appears to have had more of an effect on the American bitcoin (BTC)-buying community than first thought, per a new survey. According to a Grayscale-commissioned online survey of 1,000 USA-based general investors aged between 25 and 64 and conducted between June 26 and July...

Indian Crypto Banks and Exchanges See Massive Growth Amid Rising Covid-19 Crisis: Survey

30.6.2020
The crypto industry in India is experiencing massive growth, according to a new survey of crypto banks and exchanges. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups continue to grow substantially. India’s Cryptocurrency...

US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....

Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies

2.6.2020
Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand...

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving

29.5.2020
Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC...

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers

26.5.2020
The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles...

Trump Signs Deregulation Order to Boost US Economic Recovery

21.5.2020
U.S. President Donald Trump has signed an executive order to eliminate “unnecessary regulations that impede economic recovery” following the coronavirus crisis. With this deregulation, government agencies are “encouraged to promote economic recovery through non-regulatory...

New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI

8.5.2020
The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI)....

Bitcoin ATM Locations Surge to Over 7700 Worldwide Amid Global Crisis

6.5.2020
The number of bitcoin ATM locations has been growing rapidly amid nationwide lockdowns and the coronavirus crisis. With hundreds of new machines added each month, there are now more than 7,700 bitcoin ATMs spread all over the world. A new bitcoin ATM operator also installed its first bitcoin...

Bitcoin Won as Store of Value in Coronavirus Crisis — Hedge Fund CEO

2.5.2020
Performance since February currently circles 0.6% gains, providing proof that Bitcoin really can preserve wealth in a crisis, says Travis Kling

Bitcoin Car Finishes First in Virtual NASCAR Race Beating National Champion Kyle Busch

26.4.2020
A bitcoin-themed car has won an e-NASCAR race, beating professional Cup Series racers, including Dale Earnhardt Jr. and Kyle Busch. While sporting events have been postponed due to the coronavirus pandemic, many NASCAR drivers have moved to race virtually. Bitcoin Car Wins Virtual NASCAR Race With...

Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19

25.4.2020
The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why...

Bitcoin Messenger Explores Censorship Resistance During Coronavirus Crisis

23.4.2020
A new bitcoin privacy technology was born this week, using the Lightning Network and inspired by the politics of the COVID-19 crisis

IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion

16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...