Episode 230 - Senators dumping stocks after corona briefing, Steemit devs fork into Hive, and more.

Welcome to another edition of Crypto Basic News! Our editor is SO busy in quarantine that he forgot to post this episode so you're getting it with a few days of delay. We still love him though. He may or may not be the one writing this description. Anyway, today we're talking about shady senators dumping stocks after a private coronavirus briefing, Steemit developers forking into a new platform called Hive due to Justin Sun's shenanigans, and much more. Oh, and coronavirus. Surprise surprise. Tune in now!

• Rapid Fire
• Global cryptocurrency wallet usage has tripled in the last three years.
• 10 mill in 2016 to 40mil end of 2019.
• Devs Plot Launch of Telegram’s Blockchain Without Company’s Involvement
• So says the TON Community Foundation, a group of more than two dozen software developers and investors, who are now discussing possible ways to launch the Telegram Open Network (TON) without the messaging platform's participation.
• Coinbase Wallet integrates DeFi directly into app. Users will be able to borrow and lend crypto with interest thru the app now.
• Which US cities own the most crypto? Let's hear your guesses.
• Congress Bill Looks to create a digital dollar (B?)
• ANNNNND ITS GONE
• https://www.coindesk.com/digital-dollar-stripped-from-latest-us-coronavirus-relief-bill
• Fed Pledges asset purchases with no limits, Bitcoin and Gold Spike - K
• Federal Reserve said Monday it will launch a barrage of programs to help stimulate the economy
• Unlike previous crisis where there was a commitment to a set amount of balance sheet expansion, this time they are indicating no limits
• The Fed also will be moving for the first time into corporate bonds
• Also a lending program for Main Street businesses ($300 Billion) to support flow of credit
• “The central bank is shifting from being not just the lender of last resort, but now it is the buyer of last resort. Don’t ask how much they will buy, this is truly QE infinity.”
• -Chris Rupkey, chief finacial economist at MUFG Union Bank
• will lower the interest rate on its repo operations to 0% from 0.1%. (The operations are conducted daily to provide banks short-term funding)
• All this backed by Treasury department so Fed doesnt lose money
• bitcoin jumped from $5,860 to $6,628 in an hour, Gold went from from $1,494 to $1,524 over the same time frame.
• Four US Senators caught dumping stocks after a private briefing on Corona Virus - B
• There was a Senate Intelligence Committee briefing on the Corona Virus, and right after that meeting there were 4 Senators that immediately started to sell off positions.
• The names of the senators: Richard Burr, Dianne Feinstein, D-Calif. , Kelly Loeffler, R-Ga. , James Inhofe, R-Okla
• Richard Burr even had a meeting with some fellow rich people (membership to join this group that he had the meeting with is $500, up to $10k) and said this "There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history,