pandemic – Page 5 – DIGIT INFO

Italian Town Creates New Currency to Cope With COVID-19

A small town in southern Italy has minted their own currency amid the coronavirus lockdown

Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely

Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. Meanwhile, Apple CEO Tim Cook reportedly told President Trump the opposite, predicting that the U.S. economy will have […]

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IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion

IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of […]

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80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany

80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed […]

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Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?

Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event? Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in the current economic climate. However, there’s one big caveat: it requires human […]

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World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. Also read: US Cash Crisis: Withdrawal […]

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5 Extra Novel Coronavirus Drive-Through Testing Centers are Coming to New York City

The Merkle Coronavirus Pandemic The novel coronavirus situation in New York City continues to escalate. Over 460 confirmed cases have been recorded, and at least seven people have died. It is evident that the novel coronavirus is no joke by any means. New York City Remains a Coronavirus Hub Many people dismissed it since the first reports came out of China. Even today, ample people believe this is “just the flu”, albeit with a higher rate of infection. In New York City, no one seems to think this is just the flu, as officials are genuinely concerned. With over 460 confirmed cases and 7

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Largest Blockchain Conference in Japan Postponed Due to Coronavirus

TEAMZ Blockchain Summit is the latest blockchain-related conference to postpone amid coronavirus concerns

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Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way […]

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Novel Coronavirus can Cause 1.7 Million Deaths in the US

The merkle Novel Coronavirus CDC Following the recent developments regarding the novel coronavirus pandemic, several pressing questions need to be answered. Especially when it comes to death toll projections for the US, figures are all over the place. To this date, the novel coronavirus situation in the US is seemingly under control. Novel Coronavirus Concerns Remain Compared to regions such as China, South Korea, Italy, and Iran, things could be far worse. That doesn’t mean that the novel coronavirus can’t gain a foothold in the United States. CDC Officials are closely monitoring the situation and preparing for the worst. One such preparation comes in the

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