St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency
St. Louis Fed Chief presents that non-uniformity in currency historically received poorly, noting that crypto is a similar modern phenomenon Go to Source Powered by WPeMatico
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St. Louis Fed Chief presents that non-uniformity in currency historically received poorly, noting that crypto is a similar modern phenomenon Go to Source Powered by WPeMatico
Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on … Read more
Fed Chairman Powell has said that a globally prevalent cryptocurrency could conceivably remove the need for reserve currencies Go to Source Powered by WPeMatico
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra Go to Source Powered by WPeMatico
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference and history explains why. Also Read: IRS Agents Propose … Read more
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less volatile economies. National banks globally have been consistently struggling to … Read more
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted … Read more
A dovish U.S. Federal Reserve is one of the reasons for the recent surge of bitcoin prices, according to Deutsche Bank lead strategist Go to Source Powered by WPeMatico
On June 9, digital currency markets have been meandering along in a consolidated manner after the slight downturn this afternoon. At the moment, the entire cryptocurrency market is around $243 billion, but global trade volume has dropped from $80 billion on June 5 to $56 billion this weekend. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace … Read more
Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.S. Federal Reserve and the Reserve Bank of India are in the midst of discussing slashing … Read more