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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...
From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money
18.5.2020
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their...
Mark Cuban Suggests New Measures to Revive the Economy; Peter Brandt Endorses the Idea
18.5.2020
The world was already fighting a growing economic slowdown, and Coronavirus pandemic has worsened the matters even further. With almost a third of the world under lockdown, economies have come down crashing, and revival, even for giants like the US, has become extremely difficult. To tackle this...
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...
As US Pumps Trillions Into Economy, Bitcoin Price Likely to Be Affected
17.5.2020
The U.S. is printing dollars and slashing interest rates to help the people, but will it affect the crypto market?
Negative Interest Rates Give BTC an Opportunity to Shine, Report Claims
15.5.2020
Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report
Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy
14.5.2020
The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash
Why Debt Can’t Buy More Growth, Feat. Jeff Booth
13.5.2020
A conversation with the “Price of Tomorrow” author on the key structural challenge looming over the global economy
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...
Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia
9.5.2020
This week filmmaker Torsten Hoffmann launched the cryptocurrency-infused documentary “Cryptopia: Bitcoin, Blockchains and the Future of the Internet.” Cryptopia discusses the powerful economy and flourishing ideas that stemmed from Satoshi’s invention through the eyes of some...
Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash
9.5.2020
On May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani revealed a new project he’s been working on called “Signal, Watch, and Pay Protocol” (SWaP). Armani’s published specification and reference code of SWaP indicates that the platform allows “onchain...
Popular Hedge Fund Manager Paul Tudor Jones: ‘Bitcoin Reminds Me of Gold Back in 1976’
8.5.2020
Hedge fund manager and investor, Paul Tudor Jones, discussed his opinion in regard to the crypto asset bitcoin on Thursday, saying that it reminds him of the part gold played back in the ‘70s. Jones also disclosed that his fund Tudor BVI has a percentage of Bitcoin futures products as well...
Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions
7.5.2020
Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect...
US Treasury to ‘Borrow’ $3 Trillion for a Single Quarter – Anticipates Taking Billions More for Q3
5.5.2020
On Monday, the United States Department of the Treasury announced it will be “borrowing” a record $3 trillion to help support the American economy. The move comes after the Federal Reserve dished out over $6 trillion to private dealers before the first U.S. Covid-19 death, and the $1.5...
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...
Data Shows the US Economy Was Collapsing 5 Months Before the Coronavirus Outbreak
3.5.2020
During the last two months, the global economy has shuddered and a great number of people still attribute the financial meltdown to the Covid-19 outbreak. However, during the last two weeks, the blame has shifted, as many citizens are now blaming the government lockdowns, overly-predictive models...
While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry
1.5.2020
The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation...
Interest in Bitcoin Spikes Worldwide During COVID-19 Crisis
30.4.2020
Bitcoin might not be the most stable asset out there, but it is more stable than some economies
Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization
30.4.2020
During the last few weeks, the world has been dealing with the coronavirus outbreak. These days, however, many of the world’s citizens are growing more concerned over the government’s reactions than the virus itself. Moreover, with the U.S. economy feeling the hardship of over...
Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy
30.4.2020
Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value...