money

On Monday, May 11, 2020, a Bitcoin event is set to take place that could affect the entire world of cryptocurrency. The event is scheduled, and it's happened before. The event will automatically cut the reward given to Bitcoin miners for completing Bitcoin transactions. In essence, it'll be more difficult for people to profit from running computers to earn Bitcoin. The effect this will have on the value of Bitcoin is yet unknown.

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Mobile payment systems have more or less dropped out of the tech news headlines but that doesn't mean they've dropped out of the market. Once in a while, you'll hear about Apple Pay and Google Pay expanding to cover more banks and territories. They aren't the only options around, of course, and Samsung Pay has apparently been around for five years now. To celebrate that rather surprising length of operating time, the company is proudly announcing its next big step, which ironically goes back to giving you a plastic card.

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The Google Card was leaked today in full color, complete with co-branding with a set of bank partners. Early indicators suggest Google is working with Stanford Federal Credit Union, CITI, and other bank brands. This is not the first time Google's had plans for (or gone so far as to release) a physical, plastic card with which to pay for products and services.

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Because the vast majority of Americans will be getting a sum of money from the government this week to stimulate the economy, there's a danger. The potential for chaos is great, and malicious agents are out in force attempting to trick the average citizen into revealing personal information at the promise of info on said cash. But the IRS has created a simple website with which users can see the status of their stimulus check, and that's where you should go right this minute.

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Novel Coronavirus, COVID-19 fallout has created a situation in which tax day in the USA needed a change. Generally the official filing deadline for all tax return documents is April 15. An announcement from Treasury Secretary Steven Mnuchin today... made via Tweet... changed the date from April 15 to July 15, 2020.

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Today we're taking a peek at what Verizon will and will not likely do in light of the global pandemic and national emergency that is COVID-19 (novel coronavirus) here in the USA. Verizon's released some information on how they'll respond for certain customers, and have given assurances that they're doing everything in their power to keep people connected in this time of increased network traffic. What's important here - at the moment - is the ease with which the "help" Verizon can/will give will be used by the average everyday consumer.

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Today Delta CEO Ed Bastian sent an internal letter with a list of actions that'll be taken to "protect the financial position of the company". This set of actions includes an "overall capacity reduction in the next few months of 40 percent - the largest capacity reduction in Delta's history, including 2001." While the company will maintain service to London, England, they're also complying with the 30-day ban on travel to and from continental Europe announced the night of March 12th (Wednesday).

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This morning the USD/BTC Bitcoin pairing crashed in a significant way, showing that even the digital currency is not immune to COVID-19 panic*. COVID-19 is the official name of novel coronavirus, the disease that's spread from the Wuhan province of China across the planet over the past several weeks and months. Bitcoin crashed from around $8k to under $6k in the past 24 hours.

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Thirty-three thousand years ago, on the southern tip of the continent Africa, ostrich eggs were carved into beads and kept as ornamentation. These beads held value - they weren't just worn around necks for fun. As research published this week shows, humans shared these beads with one another, allowed these beads to play a significant role in their life - especially when it came to the reaffirmation of important relationships.

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Much like investing in an automobile, smartphones lose value as soon as you drive them off the car lot. With the exception of rarities and some vintage bits of tech, smartphones of all sorts lose value over time. A report this week from a smartphone resale company showed data suggesting that Android smartphones lose their value at twice the rate of iOS smartphones - aka iPhones.

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Today stocks fell significantly today at a rapid pace, causing certain "circuit breakers" to activate. As the S&P fell more than 7% after the starting bell. This is "limit down", the first of the day, that starting trading below the set level for 15 minutes. Trading resumed at 9:49 am ET, and it was clear that fears of oil barrel prices falling and reaction to coronavirus (COVID-19) continued to spread.

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The rising tide of novel coronavirus (COVID19) fear is generating an interesting effect on investor dollars. Where this week we've already seen major dips in oil prices* and the DOW Jones Industrial Average*, your average "stay at home" company seems to be fairing quite well. A note shared by investor company MKM Partners pointed toward companies such as Netflix, Facebook, Amazon, Peloton, Slack, and Zoom.

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