The US could be in a recession due to the coronavirus, says Fed Chairman Jerome Powell. Would that throw the crypto market into a recession, too?
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The Dow Jones Industrial Index (DJIA) ended Tuesday on a bright note with an 11.37% gain. US stocks saw an uptick in sentiment as the government and Treasury neared confirmation...The post Will the Fed’s Easy Money Flow to Bitcoin? appeared first on Crypto Briefing.
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The gold price is once again approaching its local high of close to $1,700. Long-time Bitcoin advocate and Galaxy Digital CEO Mike Novogratz is expecting the rise to continue into the future. As BeInCrypto reported last week, the price of gold took a serious hit as part…
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The Russian Ministry of Economic Development has proposed a bill of regulatory sandboxes, which seeks to legalize Blockchain and cryptocurrency. However, this is not news because the bill on “regulatory sandboxes” was submitted last week to the State Duma (Russia’s parliament). Photography Image Participants in Sandboxes will…
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The Federal Deposit Insurance Corporation (FDIC) has just issued an appeal for US savers to leave their money in their bank accounts. The message follows hints of a bank run as coronavirus-induced panic continues to spread. Recent global events have created an air of uncertainty that has…
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With Bitcoin trading in the $6,400-$6,800 range on Tuesday, there is a growing sense of optimism that the forthcoming halving event is well on track to play its desired role. Expected in mid-May, Bitcoin’s third halving will see mining rewards reducing by 50%. After the two previous…
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For the past week, Tether Treasury has been more active than ever before. On Tuesday alone, it minted another 180M USDT. Tether is either experiencing a surge of demand or it is desperately trying to prop up the price of Bitcoin—depending on who you ask. The stablecoin’s…
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According to the report in the Global Times claims that the People’s Bank of China (PBoC), China’s central bank, in conjunction with private firms, has completed the basic functionality of China’s central bank digital currency (CBDC). It says that the current activity is around drafting laws to…
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Following a recent meeting of the G20 finance ministers and central bank governors on the coronavirus pandemic, International Monetary Fund (IMF) managing director Kristalina Georgieva says negative global growth in 2020 will be driven by a recession that is as bad as – or possibly worse than…
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Democrats don't seem to like the economic stimulus planned by the Republicans, which is why Nancy Pelosi, Speaker of the House of Representatives, came out with the proposal The post USA: the Digital Dollar project as a result of Covid19 appeared first on The Cryptonomist.
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