COVID – DIGIT INFO

Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil

DIGIT — Mon, 05 Aug 2024 23:30:38 +0000

The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics. But from my seat, today’s events play into the long-term story for […]

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China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks

DIGIT — Tue, 02 May 2023 06:15:55 +0000

Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months. China […]

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IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed

DIGIT — Thu, 13 Apr 2023 09:30:34 +0000

When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a “cleaner economy in a budget-neutral way” could result in lower rates in the medium term. Recent […]

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China’s Inflation Rate Drops to Lowest in 18 Months

DIGIT — Tue, 11 Apr 2023 23:04:56 +0000

The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s […]

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Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive

DIGIT — Tue, 29 Nov 2022 11:30:37 +0000

The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify the establishment of regulatory regimes that […]

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Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

DIGIT — Tue, 29 Nov 2022 04:56:18 +0000

Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.

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Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

DIGIT — Sun, 30 Oct 2022 22:30:46 +0000

Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke said that he updated the probability of a U.S. recession to […]

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ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’

DIGIT — Thu, 14 Apr 2022 18:00:13 +0000

After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that […]

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Bears have a $100M reason to keep Bitcoin price under $45K until Friday’s options expiry

DIGIT — Thu, 07 Apr 2022 20:14:39 +0000

BTC price is in a freefall, and data suggests bears will keep the pressure on until Friday’s options expiry.

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Could the Government Confiscate Gold Again? A Look at Today’s ‘Emergencies’ and Revisiting Executive Order 6102

DIGIT — Thu, 07 Apr 2022 16:30:10 +0000

This past Tuesday, April 5, was the 89th anniversary of Executive Order 6102 when the U.S. government would strictly “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” While the global economy seems to be heading toward disaster and the U.S. dollar’s strength is being examined, many have […]

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