Tag Archives: stimulus

The European Union (EU) is taking a page out of America’s book. The collection of nations has agreed to a stimulus program that will potentially pump nearly $1 trillion back into the economy. The announcement was met with another bitcoin price rally. The currency is up roughly $200 more at the time of writing.Another Stimulus, Another Rise for BTCBitcoin has experienced some solid surges since the introduction of the coronavirus. While at first, things looked glum and negative (the currency...

It’s rough whenever money is not put to proper use, but according to one source, that appears to be what happened in Texas recently when a man allegedly used a PPP loan to get his fingers on cryptocurrency.PPP Loans Are Not to Be Played Around WithThe Paycheck Protection Program (PPP) has reached a new pinnacle over these past few months as the spread of COVID-19 continues to allegedly ravage the economies in America and beyond. In the United States, several steps have been taken to ensure...

Dan Held of Kraken fame believes that bitcoin could reach new levels of power if everyone invested their stimulus money in the cryptocurrency.Dan Held: BTC Could Be the Most Powerful AssetAs many of us know by now, the stimulus checks that were issued to American taxpayers over the past two months put everyone on edge and got them arguing back and forth about whether the money was really needed. Figures such as Elon Musk, for example, criticized the move, and stated that you cannot simply...

Bitcoin has been at the center of many financial arguments as of late, especially after the United States rolled out a $2.2 trillion economic stimulus plan.Why Some Feel the Stimulus Plan was WrongThis plan saw many checks – worth approximately $1,200 each – make their way into American’s pockets and bank accounts. In addition, billions were unveiled for small business relief. Despite the good intent behind the stimulus package, many saw this move as too fast.One of the big complains behind...

Well, it looks like the spike to $10,000 that we just reported for bitcoin was short lived… Extremely short lived.Well, the Bitcoin Run Didn’t Last Long at AllJust yesterday morning, the asset saw itself regaining all it had lost during the height of the coronavirus pandemic. The currency was trading for well above the $10,000 mark in February of this year and experiencing the most bullish behavior it had witnessed since the summer of 2019, but it ultimately came to a crashing end when the...

Bitcoin has shot past the $10,000 mark again.Bitcoin Has Hit the Five-Figure MarkThe surge follows news that the United States is suffering from civil unrest. With so many riots in the streets and violence occurring in what appears to be every major city, it’s no wonder that bitcoin has shot up more than $600 in a single night.Just yesterday, the world’s number one digital currency by market cap was trading at around $9,500, though at press time, this figure has jumped past $10,100. It seems...

Bestselling author Robert Kiyosaki is putting all his hope and dreams into bitcoin.Robert Kiyosaki: Invest in Bitcoin Now!In a recent series of tweets, the bestselling author of “Rich Dad, Poor Dad” announced that the release of trillions back into the economy – aka, the recent stimulus package designed to hit back against the coronavirus pandemic – was a huge mistake. He explained that the dollar is on the verge of dying out, and he’s advising everyone to put their money into assets like...

Members of Congress are urging Treasury Secretary Steven Mnuchin to use the blockchain to send out Americans’ stimulus payments.Will Blockchain Empower the U.S.?The request is coming a little late considering about 80 million people have already gotten their stimulus money by direct deposit. In addition, several other checks are already in the mail and making their way to recipients’ homes. That said, it’s an interesting notion that the U.S. Congress is becoming so “blockchain focused.”It was...

It looks like many Americans are potentially spending their newfound stimulus checks on bitcoin and other cryptocurrencies. Several digital currency trading platforms, such Coinbase, are reporting purchases of exactly $1,200 over the past few days, the maximum amount of the checks that citizens are receiving from the federal government.Paper Checks Are Going Towards CryptoThese checks are designed to give Americans some relief from the coronavirus pandemic that first began wreaking havoc on...