Tag Archives: United States

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...

It appears that banks are quickly adapting their policies to the current darkening economic outlook. In the US, the country’s fourth-largest lender – JP Morgan, is raising its mortgage borrowing standards as a response to the situation.JP Morgan Raising Mortgage Borrowing StandardsBorrowing money against a mortgage will be harder for US citizens starting tomorrow, April 14th. This became clear as the country’s fourth-largest lender, JP Morgan, was reported to increase its mortgage borrowing...

Bitcoin’s price went on a rollercoaster during the past week. After surging to its three weeks high at slightly above $7,400, the cryptocurrency saw a sharp decline upwards of 5% over the past 24 hours. This got it to where it currently trades at around $6,880.During the last week, altcoins managed to hold their grounds as Bitcoin’s dominance decreased by about 1%. It’s also worth noting that two of the top 10 cryptocurrencies, Bitcoin Cash and Bitcoin SV, saw their halvings take place on...

Toilet paper isn’t the only thing people are hoarding during the coronavirus panic. In a sign of the times, FDIC Chair Jelena McWilliams literally asked Americans not to hoard cash under the mattress. That is not the message you want to turn on your television to hear the government telling people.Because that means it’s getting terrifyingly real out there.Is The FDIC Scared of A Bank Run?The FDIC is the Federal Deposit Insurance Corporation. It was created by President Franklin D. Roosevelt...

The First State Bank in Barboursville, West Virginia, is amongst the first financial entities to shut down operations during the COVID-19 outbreak. The Federal Deposit Insurance Corporation (FDIC) announced the news yesterday, noting that it has brokered the sale to MVB Bank.West Virginia Bank Shutting DownThe West Virginia state regulator closed the First State Bank in Barboursville yesterday. The FDIC was appointed receiver and later brokered the sale of all assets and all four branches to...

Bitcoin had a relatively good week of trading as it recorded its highest price since the coronavirus crisis began in March. Yesterday, BTC peaked at above $7,200, marking an impressive daily run that sent the entire cryptocurrency market well in the green. The majority of altcoins were also charting double-digit increases.Since then, Bitcoin’s price retraced to where it currently sits at about $6,750. The important level to look for right now appears to be $7,000, and if the bulls manage to...

According to prominent American businessman and author, Robert Kiyosaki, people should avoid saving cash. Instead, they should focus on accumulating more gold (God’s money) or Bitcoin (people’s money).Save Gold and BitcoinKiyosaki, aside from his business ventures, is best known for his Rich Dad, Poor Dad book. Published in 1997, it became a New York Best Seller instantly and has sold over 32 million copies in more than 100 countries.He also predicted the 2008 Financial Crisis and criticized...