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66.000 CRYPTOCURRENCY OWNERS IN SPAIN GET TAX NOTICES
The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite the coronavirus crisis Spain is facing.
MICROSOFT PATENTS NEW CRYPTOCURRENCY SYSTEM
Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,” the patent reads.
INDONESIA BOOSTS FINANCIAL CRISIS PLANS TO COPE WITH CORONAVIRUS
Indonesia has bolstered its procedures to prevent a financial crisis during the coronavirus outbreak, the finance minister has said, flagging a worst-case scenario of an economic contraction this year and the rupiah currency hitting a record low.
DOW HAS SPIKED NEARLY 4000 POINTS IN A WEEK
The Dow has skyrocketed 3,736 points, or 20%, over the past week. The stunning rally is raising hopes that the devastating coronavirus bear market may already be over, or at least that the lows of the crisis have been put in.
COVID-19 WILL COST AT LEAST $7 TRILLION
Covid-19 is expected to cost more than $7 trillion globally as countries try to make up for the damage done. The United States, Europe, Japan, China and India are unleashing trillions of dollars in government spending and newly created money as they desperately attempt to keep the global economy from sinking into depression.
CORONAVIRUS RELIEF BY CRYPTOCURRENCY AID PROGRAMS
Cryptocurrencies are being used to help fight the global coronavirus pandemic.
HOW ABOUT ATTENDING A VIRTUAL CRYPTO CONFERENCE?
As the coronavirus pandemic escalates major conferences get postponed, canceled or hastily reformatted for the virtual realm. Here are four virtual crypto events you can attend.
INSTAGRAM IS MANAGED IN A GARAGE!
Are you working from home? Well you are not the only one. Instagram’s CEO Adam Mosseri admits "I don't normally work from my garage".
$2 TRILLION STIMULUS PLAN BY US SENATE & WHITEHOUSE
US Congress and the White House agree to plan to protect economy from coronavirus containment measures.
COUNTRIES LOCK DOWN STOCKS, OIL PRICES AND GOLD TUMBLE AGAIN
As more countries lock down, global economy is diving deeper into losses.