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Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations
24.4.2020
Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain...
Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
23.4.2020
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained...
Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report
23.4.2020
Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by...
General Bytes ATM Developers Add Two-Way Support for Bitcoin Cash-Based SLP Tokens
23.4.2020
The Simple Ledger Protocol (SLP) has been extremely popular among Bitcoin Cash (BCH) advocates and the SLP token universe has grown quite large. SLP tokens have seen a myriad of applications built around them and a slew of unique tokens have gained real-world value after being listed on exchanges....
Facebook Buys Stake in Reliance Jio — How the Deal Affects Cryptocurrency in India
23.4.2020
Facebook is buying a stake in Reliance Jio, India’s largest telecom operator. The deal has boosted Reliance Industries’ share price and is welcomed by the Indian cryptocurrency community. Besides Facebook’s investment into Reliance Jio, Whatsapp has also entered into a partnership...
Anyone Can Host a Crypto Exchange – Tim Draper Backed Startup Launches New WordPress Plugin
22.4.2020
There’s a new plugin available that gives people the ability to launch a cryptocurrency exchange on any WordPress-based website. The project called Wpcryptoexchange is a product created by the Tim Draper-backed startup Draper Goren Holm. With the plugin, anyone can launch a digital currency...
Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars
22.4.2020
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%....
Ripple Sues Youtube For Allowing Scams That Promised Returns Up to $1 Million
22.4.2020
Ripple is suing Youtube, accusing the video platform of not doing enough to eliminate crypto-related “giveaway” scams. The payment network wants to force Youtube to protect its users from such scams. Some scammers promise returns up to 5 million XRP or about $930,000 at current prices...
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...
Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin
22.4.2020
While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a...
Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed
22.4.2020
Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...
Bitcoin Halving Searches Surge – Phrase Touches Google Trends All-Time High
21.4.2020
The notorious bitcoin halving is expected to happen in 20 days either on or around May 12, 2020. The anticipation leading up to the event is at an all-time high, as last week worldwide queries for the phrase “bitcoin halving” using Google peaked with a top score of 100. On Tuesday...
Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours
21.4.2020
The Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling...
Federal Reserve Index: The US Is Already in Recession
21.4.2020
The Federal Reserve Bank of Chicago’s monthly index has plunged, suggesting that the U.S. has entered a recession. The index is designed to gauge the overall U.S. economic activity and inflationary pressure. It is a weighted average of 85 monthly indicators. Fed Index Suggests the US Already...
Coinmama Appoints Unicorn IronSource GM Sagi Bakshi as CEO
21.4.2020
Unicorn startup IronSource’s general manager, Sagi Bakshi, has joined cryptocurrency exchange Coinmama as CEO, saying he believes that the future of money is Bitcoin. Since 2013, Coinmama has been at the forefront of the financial revolution, working to simplify the way the world does crypto....
After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero
21.4.2020
Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system...
CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures
21.4.2020
The U.S. Commodity Futures Trading Commission (CFTC) has approved a new bitcoin derivatives trading platform. Bitnomial Exchange will list margined and physically delivered bitcoin futures and options. Besides Bitnomial, the CFTC has only approved a handful of other platforms to offer bitcoin...
Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments
20.4.2020
For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan...
Cryptocurrency Markets Moved by Regulatory Actions, Federal Reserve Bank Paper Shows
20.4.2020
The Federal Reserve Bank of Dallas has published a paper showing how cryptocurrency markets are affected by crypto regulatory actions. The research also determines whether the authorities have some scope to make cryptocurrency regulation effective. Influencing Cryptocurrency Markets and Prices Last...
America’s Banks Can Simply Bail Themselves Out – Thanks to the Fed’s $27 Trillion Blackrock Deal
20.4.2020
Mainstream media has been awfully quiet about all the fraud and manipulation stemming from the global bureaucracies’ newly enacted covid-19 reaction policies. In the U.S. amid all the commotion and fear, the Federal Reserve granted special powers to the giant private equity firm Blackrock....