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Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s
4.3.2022
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market...
Bitcoin a 'good bet' if Fed continues easing to avoid a recession — analyst
3.3.2022
The statement appears as Jerome Powell keeps the door open for a 0.5% rate hike in the summer and Fitch Ratings warn about a major slash in the U.S. gross domestic product (GDP)
Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin
12.1.2022
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” He also advised against buying bitcoin at the current level. “Maybe you should buy it at $25,000,” he said. Billionaire...
Crypto Long & Short: No, Bitcoin Was Not a Response to the Financial Crisis
24.1.2021
In spite of the timing, bitcoin wasn't created as a result of the 2008 crisis – and this misunderstanding matters
Mutual Funds in Recession – A Comprehensive Overview
24.12.2020
Introduction Mutual fund investment includes several responsibilities and key strategies to consider for long term benefits. Besides considering the short term and long term benefits, one must be aware of securities, the stock market’s stability, tracking the stock index, expense ratio, and asset...
Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package
21.12.2020
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...
Bitcoin use rise in Egypt amid economic recession
4.10.2020
People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic
Argentina’s Peso Plunges After Central Bank Tightens Foreign Exchange Controls: Citizens Discuss Bitcoin Adoption
18.9.2020
The Argentine peso plunged by more than 10% shortly after the country’s central bank announced measures to tighten controls on the movement of foreign currency. The peso, which is officially pegged at 72 for every USD, touched new lows of 145 to the greenback on the black market. The latest...
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
3.9.2020
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid...
What Does A Looming Recession Mean For Your Savings?
11.8.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Times are increasingly uncertain. The dollar has lost more than 10% of its value in the last month alone. The FED and other central banks are printing paper money like crazy, causing inflation - similar...
Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion
17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...
IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers
26.5.2020
The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles...
Crypto Is Likely Winner as Recession to Force Rethink Money - Gemini Exec
25.5.2020
Recession, a more favorable regulatory view, a better understanding of the technology, and traditional investors turning to crypto - are all aspects that are bringing adoption to crypto, according to Julian Sawyer, Gemini's Managing Director (MD) for Europe.
Unlike previous recessions, this one...
US Real Estate Crisis: Home Sales Plunge to 9-Year Low, Mortgage Delinquencies to Soar Past Great Recession Level
24.5.2020
The US real estate market is facing a crisis as unemployment soars amid the coronavirus pandemic. Home sales have plunged to a nine-year low and a record-high number of homeowners are defaulting on their mortgage payments. The impact of the real estate crisis is also seen in rental and commercial...
Why Kyber Network Tokens Tripled to $100M Despite the Coronavirus Recession
21.5.2020
Here's why Kyber Network's KNC is this season's hottest token across decentralized cryptocurrency markets
Economists Predict Worst Recession Ever for India Amid Lockdown Extension
19.5.2020
Economists have predicted that India will face its worst recession ever as the country announced another nationwide lockdown extension. India’s economy is forecasted to contract 45% in the second quarter following the Rs 20 lakh crore coronavirus relief stimulus package which some economists...
Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates
18.5.2020
Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession The German economy is now in...
Bank of England Predicts Worst Economic Crash in 300 Years for UK
10.5.2020
The Bank of England has predicted the worst economic crash since the Great Frost of 1709. Economists are less optimistic than the central bank about the rate of recovery for the UK economy. “Current conditions are unprecedented in our lifetime and all forecasters are struggling to make...
US Manufacturing Crisis: Fastest Economic Deterioration Ever Recorded, Analyst Says
3.5.2020
The US manufacturing activity has plunged to a record low, indicating that the country has entered into a deeper recession. “This recession is the quickest deterioration in economic activity ever recorded,” an economist explained. This data is accompanied by collapsing global demand...
Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely
27.4.2020
Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. Meanwhile, Apple CEO Tim Cook reportedly told President Trump...