US media reported on Saturday that US President Donald Trump is considering drastic measures to combat the covert-19 outbreak. According to various publications, including the Washington Examiner, one of the measures would be a general quarantine, which includes suspending flights. The population could be forced to stay at home and not leave the residence unless it is an emergency.
Moreover, the US president and bipartisan members of Congress have already adopted several executive orders, such as forcing corporations to produce certain goods.
Suspension of passenger air traffic would cause a shock in the financial markets, which is why the activity of the exchanges could be suspended.
In the past, the US implemented the measure to suspend stock exchanges – in 1933, through the Emergency Banking Act and for one week after the terrorist attacks of September 11, 2001.
Crypto is unstoppable
One thing President Trump can’t do, though, is stop trading cryptocurrencies. Unlike stock exchanges, no one can stop people from trading on the Bitcoin network – crypto is unstoppable. It has been operational for 99.98% of the time since its establishment on January 3, 2009. Moreover, there are more than 5,000 cryptocurrency protocols that will continue to operate, regardless of the measures implemented by the authorities.
Crypto is the new way to get passive earnings
Lennix Lai, director of financial markets at OKEx, believes that currently one of the best ways to earn passive income is crypto staking. The statement was made at the Blockchain Economy 2020 conference in Turkey.
The combination of cryptocurrencies and DeFi creates an alternative way for users to earn passive revenue with the help of new technologies. Cryptocurrencies introduce a simpler and less bureaucratic way to provide and obtain loans. In addition, most applications are accessible through a mobile phone, in a decentralized way.
Staking is a unique way to earn income. Users who bet certain tokens are rewarded for ensuring network stability. In addition, the interest rates at this time are much higher than in the traditional banking system.
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