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Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug
7.7.2020
Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance's derivatives trading and Mercedes Benz' parent tests blockchain
ConsenSys, Polychain, Tron, CipherTrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans
6.7.2020
At least 45 crypto and blockchain startups, ranging from Bittrex to the Electric Coin Company, received U.S. Paycheck Protection Program loans, new filings show
ConsenSys, R3, Tron, Ciphertrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans
6.7.2020
At least 45 crypto and blockchain startups including ConsenSys and Ciphertrace received US Paycheck Protection Program loans, new filings show
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...
‘Stack Sats’ Bitcoin Figure Tells Europe as ECB Prepares $1.5T Bailout
4.6.2020
As the European Central Bank doubles its emergency asset purchase program, Bitcoin seems an ever stronger fiat opt-out
$103M Bailout Denied for Coronavirus-Hit Firms in Switzerland’s ‘Crypto Valley’
28.5.2020
The finance director of Switzerland's "Crypto Valley" has been denied a request for extra assistance for blockchain and crypto startups affected by coronavirus funding drought
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...
Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus
26.5.2020
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans...
Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’
12.5.2020
The U.S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit...
Anthony Pompliano Says Gov't Response to COVID-19 Will Drive Crypto Adoption
12.5.2020
Anthony Pompliano argued that government stimulus measures will drive the adoption of alternative stores of value and non-correlated assets at Consensus
Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization
30.4.2020
During the last few weeks, the world has been dealing with the coronavirus outbreak. These days, however, many of the world’s citizens are growing more concerned over the government’s reactions than the virus itself. Moreover, with the U.S. economy feeling the hardship of over...
Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout
28.4.2020
Switzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102.7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of...
UK’s Tech Bailout Could Help Blockchain Devs Weather COVID-19 Shutdown
22.4.2020
Britain’s new “Future Fund” relief package will help tech firms, including blockchain companies like Chainvine
Corporate America Knows the Bailout Is Baked In
3.4.2020
Corporate America has embraced fragility, says Nic Carter. Its business model depends on a bailout
US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say
31.3.2020
The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President...
Bitcoin Rallied 80% Without Any Gov’t Bailout: Time to Get Bullish?
29.3.2020
Bitcoin rallied 80% without any government intervention so shouldn’t we be bullish on BTC price right now?
How BlackRock Ended Up on Both Sides of the Bailout, Feat. Meltem Demirors
26.3.2020
As BlackRock gets appointed to oversee bailouts to companies including BlackRock, how do we make an insane moment lead to good?
#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...
Bitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout
24.3.2020
Bitcoin traders are in no mood for optimism yet, despite markets moving higher on the hopes of coronavirus bailouts
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...