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Bitcoin in the Aftermath of COVID-19: Two Possible Scenarios

Source Node: https://cointelegraph.com/news/bitcoin-in-the-aftermath-of-covid-19-two-possible-scenarios
Time Stamp: April 2, 2020 12:01 PM - Modified On: August 29, 2021 - Published By:
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Futurist and author, Daniel Jeffries, shared with Cointelegraph his view on the future scenarios awaiting Bitcoin in the aftermath of COVID-19. Two possible outcomes In one particularly dark scenario,  the global economy will plunge into a severe recession and countries will turn to authoritarianism in order to survive. In such a scenario, world governments will impose capital control measures, curbing citizens’ financial freedoms. Authorities will then crack down on cryptocurrency to prevent people from circumventing their restrictions. Jeffries does not believe that Bitcoin would be able to survive in such a scenario. He

U.S. Crypto ATM Network Helps to Promote Social Distancing

Source Node: https://cointelegraph.com/news/us-crypto-atm-network-helps-to-promote-social-distancing
Time Stamp: April 1, 2020 5:30 PM - Modified On: August 29, 2021 - Published By:
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Bitcoin Depot, the largest Bitcoin ATM operator in the world, has begun powering down some of its machines in an effort to halt further spread of COVID-19.As much of the world sits in quarantine, Bitcoin Depot has chosen to temporarily shut off crypto ATMs which specifically reside in high traffic areas. The company is undertaking this push as a way to encourage social distancing.“As we monitor the ongoing situation, the number of locations temporarily taken offline will likely increase,” Bitcoin Depot’s director of product, Alona Lubovnaya, told Cointelegraph in an

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

Source Node: https://cointelegraph.com/news/feds-quantitative-easing-strategy-holds-long-term-benefits-for-crypto
Time Stamp: April 1, 2020 11:30 AM - Modified On: August 29, 2021 - Published By:
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These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told Scott Pelley of CBS on March 22, adding: “We will do whatever we need to do to make sure there is enough cash in the financial

With Reserve Requirement for Banks Set to Zero by the Fed, You Need to Think Making Bitcoin Your…

Source Node: https://medium.com/in-bitcoin-we-trust/with-reserve-requirement-for-banks-set-to-zero-by-the-fed-you-need-to-think-making-bitcoin-your-6b358acb264f?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 10:04 AM - Modified On: August 29, 2021 - Published By:
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If you continue to trust the banks, it will be at your own risk.The month of March 2020 is forever etched in history. The strong spread of the coronavirus around the world will have played the role of trigger in the economic crisis announced for years… Source: https://medium.com/in-bitcoin-we-trust/with-reserve-requirement-for-banks-set-to-zero-by-the-fed-you-need-to-think-making-bitcoin-your-6b358acb264f?source=rss-------8-----------------cryptocurrency

Evolution of‘Payments’ Will Bolster Next-Generation Businesses

Source Node: https://medium.com/datadriveninvestor/evolution-of-payments-will-bolster-next-generation-businesses-f670ff793f80?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 9:36 AM - Modified On: August 29, 2021 - Published By:
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Humans have always been on a developmental journey. When we are born into thousands of years of inventions and improvements, it’s easy to take for granted what’s around us— as if they always existed. We seldom think about the changes it took to get to where we are.Take for example, the creation of language and how that opened up a new course in human history. How it led to communication, collaboration, communities and organizations. From there, people organized a set of doctrines and came up with story-telling, a precursor to

Bitcoin and Visa Transactions Plunge But Pizza Deliveries Are Up

Source Node: https://cointelegraph.com/news/bitcoin-and-visa-transactions-plunge-but-pizza-deliveries-are-up
Time Stamp: April 1, 2020 3:22 AM - Modified On: August 29, 2021 - Published By:
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Online purchases using Bitcoin (BTC), Visa, and some retail apps are down for the first quarter of 2020, spanning cryptocurrency and fiat currency transactions.With many around the world self-quarantining or otherwise recommended to stay inside to prevent the spread of COVID-19, one might assume there would be an increase in online purchases and deliveries. Yet with unemployment on the rise and an uncertain economic future, it seems consumers want to save their money rather than spend it.Bitcoin transactions rivaling those during crypto winterThe crypto market is not exempt from this