US Digital Dollar Proposed in New Coronavirus Stimulus Bill – March 24

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$6,715

Bitcoin price has risen a considerable 13%, in a rally sustained since the Federal Reserve’s latest stimulus announcement.

Top-20 altcoins have also boomed, with Ethereum gaining 12%, XRP gaining 7%, and Crypto.com leading the way with a 17% gain over the last 24 hours.

Top Stories for March 24, 2020 🔥

👉 US Digital Dollar Proposed in New Coronavirus Stimulus Bill

House Democrats have proposed a new coronavirus stimulus bill, which has been revealed to include a digital US dollar held in digital wallets.

A mandate would require all banks involved to create “pass-through digital wallets”, with extra efforts being made to assist unbanked individuals in opening a digital dollar account.

The bill was designed as a way of delivering stimulus payments to citizens in the most frictionless way possible.

👉 Indian Exchange CoinDCX Raises $3m, BitMEX Owner Invests

CoinDCX, one of India’s most prominent cryptocurrency exchanges, has just closed $3 million in funding, from investors including BitMEX owners HDR Global and Bain Capital Ventures.

Just a matter of weeks ago, a Supreme Court ruling removed restrictions on cryptocurrency activity in the country, which had hampered business in the area for almost two years.

👉 Steem Fork “Hive” Runs into Legal Trouble Over Name

Hive.io, a hard-fork of the Steem blockchain, has encountered legal troubles over its name choice from a Canadian blockchain company of the same name.

HIVE Blockchain Technologies Ltd has sent a cease and desist letter to Hive.io, after several shareholders inquired if there was an association between the two projects.

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