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Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies
5.7.2020
The Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation. Moreover, the coronavirus outbreak has caused a shortage of cash couriers called “mules” and everyday items are becoming scarcer. Amid the crisis, a number...
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...
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
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...
BIS Expects COVID-19 Crisis to Boost CBDC Development Worldwide
24.6.2020
The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development
Law Decoded: As Crisis Mode Fades, Regulators Look Kindly on Crypto, June 12-19
19.6.2020
Regulators are warming up to crypto around the world as they embrace innovation for economic recovery
Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion
17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...
3 Ways Blockchain Could Help Fight The Climate Crisis
15.6.2020
The world has failed to halt global warming. Four years after the signing of the Paris Agreement, most experts predict global warming will exceed the agreed thresholds, with disastrous consequences. As much as the world faces a climate crisis, it also faces a climate governance crisis: we know what...
Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
14.6.2020
350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses
Pompliano Claims Bitcoin as the Best Performing Asset During the Current Crisis, Receives Flak from the Community
10.6.2020
The Coronavirus Pandemic preceded by the global economic slowdown has resulted in multiple jolts to financial assets across the globe. Most of the markets are crawling, to say the least, but Bitcoin has performed better than anything else, thinks Anthony Pompliano, co-founder and Partner at Morgan...
Financial Security During Times of Worldwide Crisis
9.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Source: Юлия Кондратьева / Adobe Stock.
The COVID-19 pandemic is, unfortunately, not the first worldwide crisis people are experiencing in their lifetimes, but for most, it is the biggest one. The constant...
Money Reimagined: The Ongoing Crisis Is Stirring a Crypto Awakening in Developing Nations
5.6.2020
Peer-to-peer bitcoin transactions are up in the developing world. This has everything to do with "QE Infinity" and could be an opening for stablecoins
How Bitcoin Fits Into Lebanon’s Banking Crisis
5.6.2020
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent
India’s Crypto Trading Volume Soars Amid Economic Crisis
5.6.2020
Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of...
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....
Adam Back: Crisis Will Push BTC to $300K Even Without Institutions
3.6.2020
Crypto pioneer Adam Back thinks the current financial situation could propel Bitcoin to $300K — even without Goldman Sachs on board
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...
UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief
1.6.2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske...
The Worst Crisis in a Century Is Setting the Stage for Bitcoin
29.5.2020
The world’s existing economies are suffering due to the COVID-19 pandemic, which has revealed the main benefits of decentralized tech and crypto
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...