Crypto News

New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans

Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that must be passed before the Dec. 11 deadline. Stimulus Measures […]

Crypto News

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest […]

Crypto News

Status of Second Stimulus Checks as Deadline for Government Shutdown Draws Near

As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, […]