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Law Decoded: As Crisis Mode Fades, Regulators Look Kindly on Crypto, June 12-19
19.6.2020
Regulators are warming up to crypto around the world as they embrace innovation for economic recovery
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.”...
3 Ways Blockchain Could Help Fight The Climate Crisis
15.6.2020
The world has failed to halt global warming. Four years after the signing of the Paris Agreement, most experts predict global warming will exceed the agreed thresholds, with disastrous consequences. As much as the world faces a climate crisis, it also faces a climate governance crisis: we know what...
Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
14.6.2020
350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses
Pompliano Claims Bitcoin as the Best Performing Asset During the Current Crisis, Receives Flak from the Community
10.6.2020
The Coronavirus Pandemic preceded by the global economic slowdown has resulted in multiple jolts to financial assets across the globe. Most of the markets are crawling, to say the least, but Bitcoin has performed better than anything else, thinks Anthony Pompliano, co-founder and Partner at Morgan...
Financial Security During Times of Worldwide Crisis
9.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Source: Юлия Кондратьева / Adobe Stock.
The COVID-19 pandemic is, unfortunately, not the first worldwide crisis people are experiencing in their lifetimes, but for most, it is the biggest one. The constant...
Money Reimagined: The Ongoing Crisis Is Stirring a Crypto Awakening in Developing Nations
5.6.2020
Peer-to-peer bitcoin transactions are up in the developing world. This has everything to do with "QE Infinity" and could be an opening for stablecoins
How Bitcoin Fits Into Lebanon’s Banking Crisis
5.6.2020
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent
India’s Crypto Trading Volume Soars Amid Economic Crisis
5.6.2020
Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of...
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....
Adam Back: Crisis Will Push BTC to $300K Even Without Institutions
3.6.2020
Crypto pioneer Adam Back thinks the current financial situation could propel Bitcoin to $300K — even without Goldman Sachs on board
Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies
2.6.2020
Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand...
UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief
1.6.2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske...
The Worst Crisis in a Century Is Setting the Stage for Bitcoin
29.5.2020
The world’s existing economies are suffering due to the COVID-19 pandemic, which has revealed the main benefits of decentralized tech and crypto
Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving
29.5.2020
Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC...
Role of Digital Currencies In Core Payment Systems Post COVID-19 Crisis
28.5.2020
While celebrating the start of a new decade, who would have thought that the world population is heading towards one of the biggest healthcare calamities of all time. The year 2020 has successfully placed itself in the list of one of the most unfortunate years in history due to the outbreak...
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...
Can the Increasing Crypto Trading Reverse the Fiscal Crisis in Lockdown?
25.5.2020
The world is struggling in the merciless grip of COVID-19, and the extended lockdown has tossed the economic sector of every nation into a state of chaos and depression. However, amid all the darkness and economic slump, cryptocurrency is shining like a ray of hope. Indeed, cryptocurrency trading...
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...
Goldman Sachs to Host Conference Call on Crisis, Crypto, and Inflation
24.5.2020
Goldman Sachs will soon host a conference call discussing the impacts of the current economic crisis on Bitcoin, gold, and inflation