What is a Stablecoin? What do They Do? Why Do We Need Them?Source: https://pixabay.com/nl/photos/munten-calculator-begroting-1015125/The Bitcoin and cryptocurrency market cap has been quite volatile ever since the initiation of the Bitcoin Genesis block, back in 2009. In its ten-year odyssey, the market has gone through a few bumpy market cycles.Bitcoin…
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The viability of fiat currency is being stretched to its limit as banks run out of cash in New York amid the novel coronavirus pandemic. Fear continues to spike and reports are now confirming that New Yorkers are taking out cash in record numbers, particularly the wealthy.…
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While Bitcoin was born independently of traditional finance, events taking place on Wall Street became increasingly important for cryptocurrency. This is proven today when the US Federal Reserve makes history, cutting the policy interest rate to 0%, meaning that banks do not need to pay anything to…
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As Bitcoin continues to trade in the $5,000s for the fourth consecutive day following Thursday’s flash crash, let’s take a quick look at some of the worst-hit assets during the ongoing slowdown. Meanwhile, in other important news, Federal Reserve Chairman Jerome Powell announced Sunday that the agency…
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President Trump decided to do a victory lap this weekend, calling Friday’s rally in financial markets the “biggest stock market rise in history.” Global turmoil has rattled markets and politicians have suddenly become the stock market’s biggest cheerleaders. President Donald Trump has been especially keen on celebrating…
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The governor of Bank of England (BoE), Mark Carney, recently warned about the impact of a central bank digital currency (CBDC) on the country’s existing monetary system. Is a CBDC feasible? The outgoing BoE governor commented on the feasibility of CBDCs on the country’s economic system recently.…
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E*TRADE Financial Corporation published its Monthly Activity Report when it comes to February of 2020. Within this report, it’s revealed that the Daily Average Revenue Trades, or DARTs, have received an uptick when reviewed month-over-month. Good News In Terms of DARTs E*TRADE is a financial services provider,…
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TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Bitcoin miners facing losses due to market selloff. MakerDAO system struggled with the recent market drop. Ethereum fees rose to $564,000 during the price drop. New York regulator asks for cryptocurrency firms to define plans…
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By Frank Mastrapasqua on The CapitalPhoto by Simon MigajBy: Frank Mastrapasqua, Ph.D.Principal, Chairman, and Chief Investment Officer at M Capital AdvisorsThe financial markets appear to be reacting on a daily basis to the news of the spread of the coronavirus, particularly outside of China. Cases have been reported in Italy,…
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President Donald Trump announced a ban on all travel from Europe Wednesday. The ban will go into effect on Friday at midnight and remain in effect for 30 days. The president did announce an exemption for travel from the United Kingdom. Announcing a rare Oval Office address…
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