Facebook Libra Redesigned: New System and Cryptocurrency to Comply With Regulations Facebook’s Libra cryptocurrency project has undergone major changes.A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins.The changes largely aim to comply with regulatory requirements.Also …read more.5 Bitcoin Cash Full Node Teams to Raise Funds With the Noncustodial Flipstarter App The creators of the noncustodial funding application, Flipstarter have recently announced there are now five fundraiser campaigns live on the platform for a number of Bitcoin Cash full node projects.The projects full node fundraisers currently hosted on Flipstarter include …read more.
The Stimulus Cover Up: Small Businesses Cheated, Corrupt Covid-19 Stats, Crony Benefits Last week thousands of Americans have been reporting that they received their stimulus check, while many people have been having issues with the system.Moreover, the Coronavirus Aid, Relief & Economic Security (CARES) Act has not been able to cover …read more.America’s Banks Can Simply Bail Themselves Out – Thanks to the Fed’s $27 Trillion Blackrock Deal 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 …
read more.CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures 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 …read more.Federal Reserve Index: The US Is Already in Recession 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 …read more.Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin 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 …read more.JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program 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 …
read more.Anyone Can Host a Crypto Exchange – Tim Draper Backed Startup Launches New WordPress Plugin 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 …
read more.Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations 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 …read more.Bitcoin Email Scams 2020: Threatening Blackmail Tactics Used to Demand BTC The number of bitcoin email scams has been growing in 2020 and the authorities in several countries have warned of new blackmail tactics used in threatening email scams asking for bitcoin.
As the world scrambles to cope with the coronavirus …read more.
‘Boomer Generation’ In for a Rude Awakening – Macro Economist Predicts $1M Bitcoin by 2025 Just recently, a report from Global Macro Investor (GMI) called “The Unfolding” claims that the world is experiencing the biggest economic event that hasn’t been seen in the last 150 years.
GMI’s CEO Raoul Pal authored the report and he …read more.Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule.
In 2020, various reports show that China’s central bank will soon release a …read more.
Coinbase Launches Price Feed to Help Secure $1 Billion DeFi Economy Cryptocurrency exchange Coinbase has released a price oracle that allows anyone to publish price data on-chain.The Coinbase Oracle, a signed price feed, grants users free access to data for BTC-USD and ETH-USD markets, the company announced Thursday.The idea …read more.Malta’s ‘Blockchain Island’ Dream Deferred as 70% Entities Shun Licensing Malta’s futuristic design to be the “Blockchain Island” has suffered a setback as 70% of companies in the sector have not sought licensing.Six months after the deadline, only 26 companies have applied for licensing and none has been granted …
read more.Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19 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 …read more.
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing Bitcoin mining chip maker Ebang International Holdings Inc.is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S.The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per …read more.$2K per Month for Every American: Andrew Yang Begs Congress to Pass Basic Income While most of the U.S.remains on lockdown, a few states across the nation are starting to open up businesses and lift restrictions.
Meanwhile, politicians on the left have been trying to push a universal basic income (UBI) package through …read more.Bitcoin Car Finishes First in Virtual NASCAR Race Beating Champions Like Kyle Busch A bitcoin-themed car has won a virtual 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….
read more.$8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: Reports The combined total trading volume in the cryptocurrency spot and futures markets amounted to approximately $8.8 trillion in the first quarter, according to two new industry reports.The amounts represent a massive 314% quarterly increase for futures trading and 104% …read more.The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half.Oil prices have dropped below zero for the first time in history, and economic powerhouses like …
read more.Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely Several economists have predicted where the U.S.
economy is heading.One said it would take a miracle to keep the recession from turning into another Great Depression.Some believe that a fast or V-shaped recovery is unlikely.Meanwhile, Apple CEO …read more.
Grayscale Buys 50% of All Ethereum Mined in 2020 Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year.It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit.Grayscale operates 10 cryptocurrency investment products …read more.Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout 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 203 …
read more.Bitcoin Halving Theories: Whale Says Price Rise Is a ‘Nonsensical Narrative,’ Weiss Ratings Expects ‘Massive Crypto Superboom’ In less than two weeks, the Bitcoin block reward halving will take place and BTC miners will receive half the reward going forward after May 12.Since ‘Black Thursday’ (March 12), bitcoin prices have gained 103% since then rising from …read more.Chinese Court Declares Ethereum Legal Property With Economic Value A district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic value.This ruling follows a couple of other verdicts on the legality of cryptocurrency, including bitcoin, by various Chinese courts.
While cryptocurrency is not …read more.1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants.The document released by Ya’an city officials is in stark contrast to how …
read more.Latest News.
