Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency US: Proposal to Issue Two $1 Trillion Coins, Covid-19 Responses, State Cryptocurrency Bills Governments worldwide are in a panic mode as the number of covid-19 cases has…

Read More

How to Buy Weed With Bitcoin

So you’ve got a little bitcoin to your name but are all out of weed. What you gonna do? Well, if you’re fortunate enough to live in a region where marijuana is legal, there are ways to exchange the two. While if you don’t inhabit such an enlightened area, rumor has it there are still ways and means to get your fix without touching fiat. Here are five options for legally buying weed with bitcoin. Also read: California City Official Uses Bitcoin Cash to Purchase Cannabis How to Swap Sats…

Read More

Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’

During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of the “Take Responsibility for Workers and Families Act,” a revision was filed that does not contain the “digital dollar” section. Also read: #NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and…

Read More

#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs

As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout package and American citizens are fighting about whether or not the money should help people or corporations. Right now as democrats and republicans are deadlocked over the stimulus bill, Americans on social media are tweeting hashtag phrases like “General Strike” and “Not Dying 4…

Read More

The King of Blockchains, Bitcoin Can Become the Foundation for Web 3.0

Bitcoin remains the undisputed “king” of blockchains. Bitcoin’s dominance has increased significantly since the experimental times of 2017. Bitcoin has survived many attempted forks and “civil wars” and has established itself as the reserve cryptocurrency; people fall back to Bitcoin in bear markets. The production network has stood the test of time for over 10 years now.  However, the crypto industry has dismissed Bitcoin when it comes to smart contracts or Web 3.0. I believe this is going to change. It’s true that Bitcoin cannot do everything. Bitcoin is secure…

Read More

Zero Interest, Limitless Repo and QE4: The Federal Reserve’s Market Operations Explained

“Gradually and then suddenly.” –Ernest Hemingway “Your ATMs are safe, your cash is safe. There’s enough cash in the financial system and there is an infinite amount of cash in the Federal Reserve.” –Neel Kashkari, President of the Central Bank of Minneapolis The Federal Reserve’s market activity is reaching a fever pitch. In response to a market bloodletting that seems to precipitate new record losses every day, the Federal Reserve has responded to a somewhat unprecedented crisis with its most thorough market interventions since 2008.  Liquidity is drying up in…

Read More

Crypto Mining Crunch Time – Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders

On or around May 13, the BTC network will see a block reward reduction as miners will go from getting 12.5 coins per block to 6.25 coins following the halving. The last time the protocol’s block reward halved was on July 9, 2016, and the global economy looked a whole lot different back then. This time around, while BTC miners see reward reductions the world’s financial system has been crumbling and the digital asset’s value is much lower than it was four weeks ago. Also read: Countdown to Block Reward…

Read More

The Best Bitcoin Trading Strategies (That Still Work in 2020)

This is a sponsored article provided by NordikCoin. Bitcoin trading has never been more popular than it is now, and the market doesn’t show any signs of slowing down. So, if you’ve considered getting in on the action, now is the time to strike. While there are numerous bitcoin trading tools available, you still need an understanding of the basic strategies to succeed. We’ve created this guide to introduce newcomers to some of the most common trading strategies. But seasoned traders may also wish to refresh their memories and adopt…

Read More

Coronavirus, the Halving and a Price Drop: Bitcoin Mining Marches On

CoinShares, a New York-based cryptocurrency service that provides advice and other services for investors, released a statement on the state of Bitcoin mining during the global uncertainty caused by the coronavirus, ahead of a planned, more thorough June 2020 mining report. In it, CoinShares’ research director Christopher Bendiksen wrote that the current talk of a possible mining “death spiral” due to coronavirus-based lockdowns makes for dramatic reading, but is not at all based in reality. “‘Mining death spirals’ do not actually happen in real life,” Bendiksen wrote in the statement.…

Read More

Cash Crisis: National Currencies Plunge in the Wake of Coronavirus

Fiat currencies across the globe have experienced sharp declines in the wake of the coronavirus panic, with the Norwegian Krone falling over 30% lately last week. The Mexican peso and Australian dollar trailed close behind over the same period, with multiple fiat currencies also taking a nosedive. Though USD remains strong, some speculate this is due to flight from other markets, and that the bastion of fiat strength might not be able to withstand endless printing and reckless credit creation of QE much longer. Also read: The Multi Trillion-Dollar Stimulus…

Read More