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Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
29.7.2021
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank...
Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats
27.7.2021
Elizabeth Warren outlined her concerns about the cryptocurrency market in a letter addressed to Janet Yellen that was obtained by CNBC
Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’
26.7.2021
Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming...
Massive Short Squeeze Pushes Bitcoin Closer to $40K, Crypto Economy Jumps 9% Higher
26.7.2021
The price of bitcoin jumped over 15% in a matter of three hours on Sunday evening and came awfully close to the $40K handle. Since then, the crypto asset has dropped back a few percentages and currently hovers above the $38K range. The entire cryptocurrency economy has spiked 9.72% rising to $1.53...
Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025
19.7.2021
A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050....
Dogecoin’s Downward Slide: 2-Month Stats Show Meme-Based Crypto Is Down 76%
17.7.2021
The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies....
Visa, Mastercard Monitor Binance’s Regulatory Compliance as More Regulators Scrutinize the Crypto Exchange
16.7.2021
Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization. Visa, Mastercard Monitoring Binance’s Regulatory Troubles Visa...
Incoming Squeeze? Bitcoin Shorts on Bitfinex Spike, BTC Long Positions Tap Fresh New Highs
12.7.2021
The entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin...
Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks
11.7.2021
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. The Bank of Thailand (BOT), the country’s central bank...
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
5.7.2021
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time...
One in Five Kiwis Bullish on Crypto Investments, New Poll Suggests
15.6.2021
Cryptocurrency investing has been rising in popularity among New Zealanders and a fifth of the respondents in a new survey either plan to or have already, put money into digital assets. The poll also found that young Kiwis are more likely to use micro-investing platforms than older generations....
Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals
14.6.2021
Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. Booming...
Pensioners Pay Scottish Roofing Company in Cryptocurrency
13.6.2021
With bitcoin’s popularity rising, a growing number of businesses in Scotland have been introducing cryptocurrency payments. A roofing company from Glasgow now says more and more of its customers, including pensioners, are willing to pay with crypto. ASAP Roofing Accepts Cryptocurrency for...
Denmark to Revise Tax Law to Target Cryptocurrencies
10.6.2021
The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax...
Can a rising CPI boost Bitcoin? 3 reasons BTC price is rebounding above $36K
9.6.2021
Economists expect the annual Consumer Price Index (CPI) to climb to 4.7%
Deutsche Bank Warns: Ignoring Rising US Inflation Akin to ‘Sitting on a Time Bomb’
8.6.2021
Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent...
Inflation Might Keep Rising in 2021 - But What Happens Next?
6.6.2021
Brigitte Granville, Professor of international economics and economic policy, Queen Mary University of London.
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The US Federal Reserve has just reassured the markets that it doesn’t expect inflation to get out of hand in the coming months. It comes as concerns about serious inflation damaging...
A new decade rising: 2021 has brought crypto to unparalleled heights
5.6.2021
There is no need to fear: The cryptocurrency market in 2021 is much different than the market of 2017
Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions
2.6.2021
The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said...
Dental Clinic in Ontario to Accept Cryptocurrency for Its Services
2.6.2021
Southdown Dental, a clinic in Mississauga, Ontario, is introducing a new payment option. Patients will soon be able to pay with cryptocurrency for its services. The dental clinic says it will take digital money for any procedure, from regular checkups to children’s braces. Canadian Dental...