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US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say
31.3.2020
The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President...
This Crisis Is Good For Bitcoin, But Beware of Recession - Luno CEO
31.3.2020
The current global crisis is good for crypto as it shows the dysfunctionality of the existing system, according to Marcus Swanepoel, co-founder and CEO of crypto exchange Luno. However, in case of a global recession, this nascent industry might be hit hard too, he warned.
Crypto was born out of...
IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed
30.3.2020
The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures...
Jack Dorsey Has Better Plans to Save US From Ongoing COVID-19 Crisis
28.3.2020
The U.S. is one of the first countries to come across a Covid-19 infection, after Wuhan, China. It was in December 2019 when it all started, further spreading it across the globe. The U.S declared it a pandemic, a global health emergency on 13th March 2020. It took a while for Trump to have...
Don’t Apply 2008 Thinking to Today’s Crisis
27.3.2020
Economists, analysts and big bank CEOs tell us that there is nothing to fear because this time is different from 2008. If only it were so simple
Pantera Capital CEO: BTC Will ‘Come of Age’ in Crisis, May Top All Time High
27.3.2020
The blockchain and cryptocurrency hedge fund founder said the cryptocurrency could rise far above its all-time high of $20,000
Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin
26.3.2020
Demand for gold is skyrocketing and the clamor for scarce assets in a remote-first world was precisely where bitcoin was supposed to shine. But it's complicated
Gold-Backed Stablecoins Race to Keep Up With Crisis-Driven Demand
26.3.2020
Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult
Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?
26.3.2020
Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in...
This Is Our Last Chance to Protect Our Privacy Amid the COVID-19 Crisis
26.3.2020
Are you ready to sacrifice your privacy and let the government total control over your lives?
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
8 US States Follow DHS in Naming ‘Blockchain Managers’ as Essential Employees in Coronavirus Crisis
24.3.2020
At least eight U.S. states have directed “blockchain managers” in food and agriculture to keep working through COVID-19 shutdowns following guidance from the Department of Homeland Security, though it remains unclear who this includes
Turning A Crisis Into An Opportunity, China Gets One Step Closer to CBDC
24.3.2020
China is getting one step closer to a digital Yuan as the central bank has completed the CBDC basic function development
Bitcoin Likely to Turn Up as a Safe Haven Amidst Global Crisis
24.3.2020
Bitcoin, at the time writing, was trading around $6,600 after retreating by $1000 since yesterday, until the time of writing BTC has regained support from the daily Moving Averages as we see steady intermittent uptrends over the past 10 days Impressively, the Bitcoin price trend has been moving...
Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
24.3.2020
Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets "in the amounts needed," signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post...
Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis
23.3.2020
How would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold
2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It
23.3.2020
Amid worldwide crisis and stock market turmoil, a growing number of investment schemes advertise a way to speedily double your bitcoins. Moon Bitcoin Live, for example, claims to be a licensed bitcoin doubler, promising that investors can double their bitcoins within 24 hours, with guaranteed...
Bitcoin’s Correlation With S&P500 At 2-Year High Amid the Coronavirus Crisis
22.3.2020
Crypto market research firm says the recent market downturn resulted in a high correlation between Bitcoin and the traditional equity
Coronavirus: How Blockchain, AI, And 3D Printing Can Help Solve Supply Crisis
22.3.2020
What seemed like science fiction a few short weeks ago is now very real. Movies such as Outbreak, Contagion and Virus are looking more like documentaries every day. As we battle COVID-19, a major issue that will only increase is disruption to supply chains.
This disruption has been as devastating...