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American financial technology firms are now able to help Main Street businesses affected by the COVID-19 crisis via a federal relief plan, but cryptocurrency-native companies apparently don’t fit the bill.Last week, the United States Small Business Administration released an application form for nonbanks to sign on as lenders under
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Crypto-based emergency app Guardian Circle has seen a huge surge in monthly downloads due to the coronavirus crisis.According to figures supplied by the project to Cointelegraph, more than 5150 new users downloaded the app in March. That represents monthly growth of 2582% for the three year old app, which
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Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are
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The Federal Bureau of Investigations (FBI) expects a rise in the number of crypto scams related to the coronavirus pandemic. In a April 13 press release, the FBI warned that the increase of “cryptocurrency-related fraud schemes” would only be facilitated by more people getting on board with crypto. The elderly
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Chiliz has announced that it has begun working on a blockchain-based solution to allow soccer fans to gradually return to the stadiums — provided that they hold a government-issued “immunity pass.”According to its blog post dated April 13, the proposed Socios Pass could be a solution to mitigate some
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Square, a mobile payments platform, recently announced the addition of a new feature that would enable users to deposit their COVID-19 stimulus payment to its bitcoin-friendly Cash App. Square’s Cash App Now Allows COVID-19 Stimulus Package Deposits According to a blog post, Square’s Cash App announced that users eligible for the
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Main Street businesses hit by the COVID-19 crisis now have access to a lifeline from fintech lenders.On April 9, the United States Small Business Administration (SBA) released its application form for nonbanks to sign on as lenders under the federal Paycheck Protection Program (PPP).Speaking to Cointelegraph on April 10,
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In its latest documentary, Cointelegraph reached out to crypto industry leaders all around the world to find out how the COVID-19 pandemic has affected their businesses.While large sectors of the world economy have been grinding to a halt due to the pandemic, the crypto industry was well prepared to
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Facebook and Instagram filed suit against a user who, they allege, operated a cloaking service that allowed ads for a range of scams to slip through the advertisement reviews for both platforms.Facebook’s accusations and request for reliefIn a civil complaint filed with a federal court in San Francisco on
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The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe.Earlier today Chainalysis brought together a group of industry experts for an online panel to discuss the impact of COVID-19 on Bitcoin and what
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