Square, the bitcoin-friendly company behind Cash App, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program.
Bitcoin rose by 7 percent early on Monday even as the risk-off mood returned to the traditional markets.
Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.
American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day.
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday.
Bitcoin has dropped back from levels near $7,000 despite the rapidly increasing scope of fiscal stimulus efforts in the US and across the globe.
The latest version of a U.S. House bill to stimulate the economy during the coronavirus pandemic no longer includes any language around a digital dollar, though a Financial Services Committee bill still does.
Proposed legislation meant to shore up the U.S. economy during the coronavirus pandemic includes a recommendation to create a digital dollar.