Stimulus


Markets

Government of Bermuda Pilots Stimulus Token in Response to COVID-19 Crisis

Bermuda is looking to speed up the distribution of financial aid to its citizens and has begun trialing a digital stimulus token.

Flag of Bermuda (Creative Photo Corner/Shutterstock)

Markets

First Mover: ECB Stimulus May Offer Market Hope After Bitcoin Fails (Again) to Break $10K

After another failure above the $10,000 mark, some bitcoin traders are now looking ahead to this week's European Central Bank meeting, where authorities could commit to an extra €500 billion in money injections – er, asset purchases.

ECB

Policy

Winners and Losers in the US' $1,200 Check Blitz

Wealth and age determine when and how 250 million Americans get their stimulus payments, says our columnist J.P. Koning.

Credit: Sharon McCutcheon on Unsplash

Markets

Banking the Unbanked: How the Crypto Community Can Make a Big Impact

For tech-savvy young adults in communities often overlooked by traditional big business, the crypto and blockchain industry offers opportunities that others don't.

CoinDesk Spotlight

Markets

Some US Citizens Look to Be Splashing Their Stimulus Cash on Cryptocurrency

Exchanges like Coinbase are reporting a spike in deposits matching the $1,200 value of U.S. government stimulus checks.

Benjamin Franklin

Markets

Andrew Yang Says Current Stimulus Payments to Americans Aren't Enough

Andrew Yang, ex-presidential contender and friend of crypto, says today's stimulus won't get Americans through the crisis. (Also, he might run for NYC mayor.)

Andrew Yang speaks at Consensus 2019. (Image via CoinDesk archives)

Finance

US Treasury Approves Square as Coronavirus Stimulus Lender

Square, the bitcoin-friendly company behind Cash App, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program.

Twitter CEO Jack Dorsey

Markets

Bitcoin Diverges From Falling Equities With $500 Price Rise

Bitcoin rose by 7 percent early on Monday even as the risk-off mood returned to the traditional markets.

btc chart

Markets

After Coronavirus 'War,' Bretton Woods-Style Shakeup Could Dethrone the Dollar

Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.

OLD GUARD: The Bretton Woods gathering in 1944 entrenched the dollar’s near-century-long reign as the world’s dominant currency (Credit: U.S. Office of War Information in the National Archives, via World Bank).

Markets

US, European Stocks Up but Crypto Traders Remain Cautious

American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day.

Source: CoinDesk BPI

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