Category: COVID-19

EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities

EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities

The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s supremacy, the renewed desire to boost the role of the euro currency is also […]

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Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it […]

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Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the […]

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US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions

US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing Schemes Targeting Covid-19 Vaccine Research Institutions According to the alert, FinCEN says that fraud, ransomware attacks, and “similar types […]

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2020 saw over $3 billion in crypto venture funding and over $690M in M&A activity

2020 saw over $3 billion in crypto venture funding and over $690M in M&A activity

The Block Research’s new report highlighted much of the impressive crypto metrics for this year — especially in blockchain and cryptocurrency financing and mergers and acquisitions (M&A).  2020 saw approximately $3.1 billion in financing volume over a span of 774 transactions, according to the report. The COVID-19 pandemic spurred a 61% decrease in Q1 and […]

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Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to […]

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The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’

The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’

Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a new world order. The American broadcaster Max Keiser is telling a few countries to get […]

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Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week

Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week

A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest weekly inflow on record is $468 million […]

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