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Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal Reserve to slash rates … Read more
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged positions were liquidated in the last 24 hours. … Read more
Cryptocurrency markets lost more than $30 billion in the last 24 hours as digital asset prices have been slashed alongside traditional stock and commodity markets. Further, crypto proponents have spied Plustoken bitcoins on the move again and speculators assume that 13,000 BTC ($102M) might have invoked the weekend’s massive sell-off. Additionally, global markets have been … Read more
In this week’s Hodler’s Digest, the crypto ban is overturned in India, the new Bank of England governor clearly hates Bitcoin, and Elon Musk throws support behind Twitter’s CEO Go to Source Powered by WPeMatico
A 27-year-old Brazilian man was arrested at Schiphol Airport in Amsterdam Friday for failing to declare 15 kilograms of gold bars to customs, according to local reports. After failing to provide a convincing explanation as to how he acquired the gold, the traveler flying from Rio de Janeiro to Hong Kong was placed under arrest … Read more
Regulations are necessary to avoid a “Wild West” for the crypto industry, says BitPanda CEO Go to Source Powered by WPeMatico
Bitfinex rolls out futures trading for Tether Gold soon after the new gold-backed stablecoin hit a $21 million market cap and surpassed its nearest rival PAX Gold Go to Source Powered by WPeMatico
Could the symbiosis of the past and future provide humanity with better financial solutions? Go to Source Powered by WPeMatico
Using payment platform Uphold’s new debit card, users can spend their digital assets, cash and commodities at locations that accepts MasterCard Go to Source Powered by WPeMatico
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 for bankruptcy in 2008. The announcement didn’t have a … Read more
