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IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed
30.3.2020
The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures...
We’ll Never Think About the Financial System the Same Way Again
26.3.2020
Central bank digital currencies open the way to tokenized and decentralized finance, says ConsenSys's fintech co-head
Malta Financial Regulator Warns Against Unauthorized Crypto Firms
26.3.2020
Malta’s financial regulator has issued warnings against COINMALEX and Crypto Foxtrades, two websites that falsely claimed they were licensed by the Maltese authority
$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...
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs
24.3.2020
As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout...
UN Praises Ant Financial’s Blockchain Support During COVID-19 Outbreak
24.3.2020
Ant Financial, the operator of mobile payment platform Alipay and an Alibaba affiliate, is one of a handful of fintech companies to have been included on a UN list of companies helping economies cope with the financial fallout of the coronavirus pandemic.
The Chinese company was the only...
Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
24.3.2020
Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets "in the amounts needed," signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post...
Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis
23.3.2020
How would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold
The Multi Trillion-Dollar Stimulus Package: These Are the US Corporations Begging for Bailouts
23.3.2020
The coronavirus outbreak has caused considerable damage to the global economy and this week the U.S. is facing the onslaught of the scare. As Republicans and Democrats battle in congress over a 2020 stimulus plan, corporate industries are leaping at the chance to get a bailout. While the Fed tosses...
Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight
23.3.2020
In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during the covid-19 scare, U.S. authorities have been dropping regulations on a whim, making...
Bitcoin was Designed for a Financial Crisis — So far it’s Working well
21.3.2020
Bitcoin was born from a financial crisis and now that the world enters a second crisis it's time for the cryptocurrency to prove its worth
US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows
21.3.2020
As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit longer to feel the brunt of the financial hardship. As individuals watch the value of their investments fall, economists believe the U.S. housing market will crash to 29-year lows amidst a looming global...
Check These Fresh Crypto Games Inspired By Financial Chaos
20.3.2020
How the Cryptoverse faces bad news? Head on and with what I imagine is a maniacal laugh. If one thing this community doesn't ever have enough of, even in the darkest of days - especially in the darkest of days - is jokes. And it's never too soon for one. Or many.
The crypto community has faced...
Ripple’s Korean Partner Sentbe Praises Company for Enabling Financial Inclusion of Migrant Workers
20.3.2020
Ripple is arguably one of the most advanced crypto-blockchain projects in the world, partnering with more than 200 banks and other financial institutions across the globe. One of the major countries of focus for Ripple has been South Korea, which itself is among the fastest-growing blockchain hubs...
Huobi University Principal Says Without 2020 Financial Crisis, There Is No Blockchain Boom
20.3.2020
During a live broadcast, Huobi University Principal commented that without 2020 financial crisis, there is no blockchain boom
Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator
19.3.2020
The last few weeks of global hysteria has shown there’s been a mad dash for dollars and various fiat currencies. Moreover, central banks have tried to quell cash liquidity issues by injecting trillions into the hands of private banks and hedge funds worldwide. As the financial system shudders...
Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
19.3.2020
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting...
Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending
18.3.2020
Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday
DeFi on Bitcoin: The Time Has Come for Decentralized Finance to Run on top of Bitcoin´s Network
18.3.2020
The main aim behind DeFi (decentralized finance) is to create a financial service ecosystem that’s open-source, permissionless, transparent and functioningContinue Reading
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