On 22 June, the President of the United States, Donald J. Trump, hinted that the second round of stimulus payments could be on its way as the U.S economy continues to recover from the pandemic-induced crash. After 27 March’s historic $2.2 trillion stimulus bill, many expected the 2nd stimulus check to have a positive impact …
Bitcoin’s price ‘unlikely’ to rise following 2nd stimulus payments Read More »
Sarah Olsen, a former executive at crypto exchange Gemini, has joined the ranks of JPMorgan’s blockchain staff, a spokesperson for the bank confirmed to The Block. Olsen, who previously was a managing director at Gemini, joined JPMorgan in June, according to her LinkedIn profile. As an executive director in JPMorgan’s corporate investment bank, Olsen will …
JPMorgan nabs former Gemini executive to work on wholesale payments innovation Read More »
Bitcoin continues to be the dominant payment method for BitPay, according to new payment statistics released by the firm. Since November 2019, bitcoin has maintained a 90% market share of all payments processed, by payment count, through BitPay’s platform. The closest competing asset is bitcoin cash, which maintained a market share of between 3-5%. Additional …
Bitcoin makes up over 90% of payments processed by BitPay Read More »
Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. As many still wait to receive the check from the Paycheck Protection Program and Health Care Enhancement Act, which is …
Lipton: Stablecoins Can Bridge Central Banks and Consumer Payments Read More »
A report from blockchain analysis Chainalysis this week indicates that the correlation between bitcoin spending and the digital asset’s price went through dramatic changes amid the recent market volatility. The report published on March 30 broke down the impact of the coronavirus on the consumer end of bitcoin. Although purchases related to merchant services, gambling services, the …