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Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017
19.5.2020
The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows...
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...
Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19
4.4.2020
The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008...
Homeowners Can’t Pay: US Lenders Prepare for Catastrophic Real Estate Market
3.4.2020
The coronavirus has managed to seep into every facet of the global economy and it seems nothing will escape its financial wrath. During the last two weeks as unemployment levels have skyrocketed in the U.S.; analysts, economists, and wealth managers have been warning about another subprime mortgage...
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
Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight
23.3.2020
In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during the covid-19 scare, U.S. authorities have been dropping regulations on a whim, making...
Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets
17.3.2020
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment...
Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus
16.3.2020
On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to the rate cut, the Fed promised $700 billion in bond purchases and eliminated all reserve requirements for smaller financial institutions. However, the Fed’s rate...
In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets
12.3.2020
The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis
VIX Index Shows Stocks ‘Fear’ Most Since 2008 Crisis, Birth of Bitcoin
9.3.2020
Not everyone is concerned about the current market crash despite near-record losses
Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty
4.3.2020
The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed...
Bitcoin Drops 2% Following Fed’s First Emergency Rate Cut Since 2008
3.3.2020
Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus
Bitcoin Price Shrugs Despite Worst Markets Correction Since 2008
29.2.2020
The Crypto Fear and Greed index suggests Bitcoin is approaching a buy zone but volatility from traditional markets may undermine investor confidence
Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations
19.2.2020
The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees...
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
A History of Blockchain Consensus Mechanisms
26.11.2019
The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, its original consensus mechanism – Proof of Work (PoW) – has been emulated and iterated...
Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space
13.11.2019
In late 2008, an anonymous person named Satoshi Nakamoto introduced the Bitcoin white paper on Halloween. While Nakamoto is clearly the most famous anonymous crypto moniker, in the early days there were many other mysterious individuals scattered throughout the blockchain environment. Also read:...
Congressional Hopeful Agatha Bacelar Talks Silk Road on the Bitcoin.com Podcast
8.11.2019
“It’s clear that the political establishment wants to hold back a future where economic freedom is afforded to all.” This excerpt from Congressional hopeful Agatha Bacelar’s campaign donation page echoes what many within the cryptosphere have been saying ever since Satoshi...
How Bitcoin’s Peer-to-Peer Cash System Was Revealed 11 Years Ago
31.10.2019
On October 31, 2008, on the eve of Halloween, Satoshi Nakamoto published the Bitcoin whitepaper. Since then the revolutionary design of the network has changed the lives of many and has transformed how we look at money today. Also read: China Ranks 35 Crypto Projects as President Xi Pushes...