[BeyondCC Daily Update] - 20 March 2020
The San Francisco-based crypto exchange said it processed $2 billion in crypto last Thursday and Friday (for comparison, Coinbase saw $394 million in volume over the past 24 hours, according to Bitwise). Last Thursday also beat Coinbase’s previous traffic record by over 50 percent, Armstrong said.Fed Stands Ready to Replace Infected Greenbacks With Clean Bills
For now, the Fed does not think that “cash destruction” will be necessary to stymie the spread of the novel coronavirus. COVID-19 has quickly overtaken vast swaths of the east and west U.S. coasts, sending states into lockdown and forcing non-essential commerce to a blistering halt.How to Escape Contracts That Are Killing Your Company During Coronavirus
In my last column two weeks ago – "How to Survive the Coronavirus and Keep Your Startup Alive" – I suggested that companies take steps to position themselves for the coming storm. Chief among these was sending their employees home (which is now law in New York), cutting their burn rate, reviewing their insurance policies and re-structuring their contracts where appropriate.