Zimbabwe

Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook

U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues that when consumers are forced to spend, …

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Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect …

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Bitcoin News Roundup for June 30, 2020

As Zimbabwe embarks on its fifth bout of hyperinflation in modern history, CoinDesk’s Markets Daily is back with another bitcoin news roundup. Bitcoin is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month.  Witnesses will discuss stablecoins and tokenized dollars during Tuesday’s Senate Banking hearing …

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