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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows


In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession....

Bitcoin Price Analysis: BTC Makes a 6.23% Cut and Falls Below $10,000


Bitcoin makes a cut of 6.23% in the last 24 hours and falls below 10,000 USD. The next resistance for Bitcoin is likely to come at 10,636 USD. Bitcoin, in the last 24 hours, has lost a whopping 6.23% and it has pushed the coin to below 10,000 USD. The current fall is a significant … The post...

Stellar Price Analysis: XLM Follows The Herd, Gets Cut of 9.5% in 1 Day


Stellar (XLM) is one of the most sought after coin, and its high market cap features it in the top 10 list. Following the market trend, the coin has lost almost 9.5% in the last 1 day. However, the medium-term seems bullish for the coin. Let us now discover the current statistics of the coin....

Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices


A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think...

This is How Bitcoin Met its First Fed Rate Cut


Source: iStock/Toshe_O The first interest cut by the Federal Reserve (Fed), the U.S. central bank, in Bitcoin’s history was a bit more complex than the market estimated and opinions still vary on the impact of this event. As many expected, yesterday, the Fed indeed cut its main interest rate...

Bitcoin Might be Tested by the First Fed Rate Cut Today


An eagle carved in stone on the Federal Reserve building in Washington, D.C. With Bitcoin about to experience the first interest cut by the Federal Reserve [the central bank in the U.S.] in its history today, some traders are watching closely for clues on how the bitcoin price might...

Market Outlook: Crypto Bulls Rally After Bearish Downturn


Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other...

Japanese Parliamentarian Wants Tokyo to Cut Crypto Tax


Takesi Fujimaki. Source: Twitter / @fujimaki_takesi A Japanese parliamentarian wants to bring about cryptocurrency tax reform – and tabled a petition on the matter with both houses of parliament. Takesi Fujimaki, a former advisor to George Soros and an ex-JPMorgan Chase employee, is currently...

Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque


On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames...

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners


Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption...

Volkswagen’s Digital Transformation to See Cuts to 4000 Jobs


Over the years, plenty of companies have gone on digital transformations that have seen core jobs being reduced at the expense of more robust Information Technology (IT) departments, and that is exactly what is going to happen with Germany car manufacturing giant Volkswagen. It has now emerged that...

Global Outlook Cut Down To Decade Low By World Bank As Trade Nosedives


The trading sentiment at a global level has been at one of its lowest ebbs for quite some time, and perhaps the primary trigger for that has been trading war between the United States and China. When the two biggest economies in the world are involved in a trade war, then it is certain...

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