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The government of Hong Kong has decided to airdrop about $9 billion in free money to an estimated 7 million residents in the troubled Chinese territory. From a global perspective, this can be seen as a desperate move to stimulate the local economy while the coronavirus outbreak is hitting markets hard all around the world. […]
The post Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents appeared first on Bitcoin News.
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Tom Lee lists the 2020 U.S. elections and four other reasons for why the Bitcoin will rally in 2020
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The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan
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The crypto exchange has offices in the United States, Japan, Ireland, and the United Kingdom
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Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim CEO […]
The post Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced appeared first on Bitcoin News.
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During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining rig companies and second-market suppliers are feeling significant […]
The post Coronavirus Quarantine Controls and Shipping Delays Impact Bitcoin Miners appeared first on Bitcoin News.
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The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing […]
The post Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates appeared first on Bitcoin News.
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The moment many conspiracy-minded bitcoin enthusiasts have been waiting for arrived yesterday when Info Wars muckraker Alex Jones compared bitcoin to a “power of fire” gifted from the gods to humankind. The bold commentary took place in the context of a Max Keiser interview, in which the Keiser Report host declared a new $400,000 target […]
The post Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods appeared first on Bitcoin News.
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China has seen as many as 20 blockchain apps launched to tackle coronavirus-related challenges
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Research has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out of China. […]
The post China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You appeared first on Bitcoin News.
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