Tag Archives: Coronavirus (COVID-19)

Minneapolis Federal Reserve President Neel Kashkari wrote Thursday that banks should cancel dividends and sell shares to raise cash. Kashkari said these measures would be necessary to create a cash buffer going into a potentially drawn-out recession. Because should the banks fail to have enough cash on hand, a wave of defaults could trigger a financial crisis. Kashkari wrote: “The most patriotic thing they could do today would be to stop paying dividends and raise equity capital, to ensure...

The popular cryptocurrency data aggregator, CoinGecko, reviewed the events in the digital asset market in Q1 2020. According to the report shared with CryptoPotato, Bitcoin ultimately ended up losing 11% of its value, but some altcoins and stablecoins managed to record gains and decreased BTC’s dominance.  Bitcoin’s Q1 Data The unexpected outbreak of the COVID-19 pandemic put pressure on most financial markets, including cryptocurrencies. With the violent price fluctuations in Q1 2020, most...

In less than a month, the third Bitcoin block halving, arguably the most anticipated event in the crypto space as of now, will take place. After the halving, the reward that miners receive for verifying transactions and maintaining the Bitcoin network will be cut in half. In theory, the price of Bitcoin should increase after rewards divvy up, as it means Bitcoin will become even scarcer. Recall these mining rewards are the way new Bitcoin is created, and cutting them in half means that new...

The time until Bitcoin’s halving is slipping away as there are now less than 25 days until the long-awaited event. It will slash the block reward in half and miners and reduce the overall supply of freshly minted bitcoins on the market. According to many, and to history, this is a major bullish catalyst for Bitcoin’s price. After a week of rollercoaster rides, the price for the largest cryptocurrency has once again returned over $7,000. From a low of around $6,550, Bitcoin’s price surged...

The most widely used American cryptocurrency exchange, Coinbase, reported increased $1,200 deposits yesterday. Interestingly, this coincides with the stimulus checks for the same amount that the U.S. government began sending this week to fight the financial struggles caused by the coronavirus pandemic. Record $1,200 Coinbase Deposits According to data provided by Coinbase CEO Brian Armstrong, the popular exchange received a record number of $1,200 deposits yesterday. Coinbase $1,200...

Bitcoin saw a notable increase in its price yesterday, conquering the $7,000 level, and it did a good job staying above so far. Meanwhile, the futures on legacy markets are also in the green, as news broke out that the Gilead coronavirus drug supposedly shows effectiveness. Bitcoin Price Above $7,000 As Cryptopotato reported yesterday, Bitcoin marked a steady increase upwards of $550 in 90 minutes to surge over $7,000. At the time of this writing, the cryptocurrency is trading just shy of...

President Donald Trump appointed the Former CEO of Bakkt and current Senator of Georgia, Kelly Loeffler, to the White House’s committee on reopening the economy. Interestingly, the selection comes only weeks after Loeffler was accused of insider trading following a senators’ meeting regarding the COVID-19 health and economic impact. Loeffler To Help Reopen U.S. Economy Loeffler served as the CEO of the Bitcoin futures trading platform Bakkt before she became a U.S. senator for Georgia....

Andrew Yang, an American politician, part of the Democratic Party and a former runner for the 2020 US Presidential Elections, voiced his concerns with the current stimulus package that the country rolled out. According to him, the amount sent to people should be higher. Andrew Yang Calls For $2,000 Per Month Stimulus A recent report revealed that the first stimulus package in the US is already underway. Supposedly, 80 million Americans are about to receive a one-time payment of up to $1,200...

Google and Apple are working together to create a COVID-19 tracking app. While they emphasize the technology would be opt-in only and protect users’ privacy, we’ll just have to trust them on that. But can we really trust Silicon Valley tech giants, or even the U.S. government to respect our privacy? Both marketers and the police state would likely find the information gathered by this app very lucrative. Like so much oil underneath a field in Texas, all that data would be sitting on servers...

Billionaire American entrepreneur and investor, Mark Cuban, said that he can more easily trade bananas as a commodity than Bitcoin. He noted that the largest cryptocurrency needs to be easier to use and comprehend from people. BTC’s time, however, could come now as world central banks are printing excessive amounts of fiat money.Cuban: Bananas Are Easier Than BitcoinThe popular cryptocurrency proponent, Anthony “Pomp” Pompliano recently interviewed Mark Cuban on his podcast. The start of the...