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US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

US Government Prediction: Economy Faces 10-Year Recovery, Trillion Loss From Coronavirus The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $ 8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a […]

UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief

UK Government Seizes 5 Million From Dormant Bank Accounts for Crisis Relief The UK government is seizing funds in dormant bank accounts worth approximately $ 185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, […]

Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009

Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009 On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address. The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have […]

From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money

From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show […]

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

More Than 0M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close […]

17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange

17,000 Quadrigacx Users Seek 7M from the Failed Canadian Crypto Exchange About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $ 307 million. According to a document released Tuesday by Ernst […]

New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI

New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank […]