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Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in the diaspora to send money home.” Effects […]Powered by WPeMatico
The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately 4%. Bitcoin’s Decoupling On the other hand, stocks that benefited […]
The post Pfizer’s Pandemic Vaccine News Fails to Dampen Interest in Bitcoin appeared first on Bitcoin News.
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According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and a further decline of 7.5% to $470 billion […]
The post Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances appeared first on Bitcoin News.
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The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half. Oil prices have dropped below zero for the first time in history, and economic powerhouses like the U.S. are starting to show cracks in the system. Despite the souring economy, a […]
The post The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market appeared first on Bitcoin News.
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The various government responses to the coronavirus caused a lot of havoc across the global economy and millions of people are now out of work. A number of nation states have not lifted the lockdowns and no one’s really sure when the slew of shutdown industries will open again. While people are out of work […]
The post Making Money on Lockdown: 5 Effortless Ways to Earn Cryptocurrencies Online appeared first on Bitcoin News.
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For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial incumbents. Despite the market carnage on March […]
The post Q1 Crypto Trade Volume Jumps 61%, Bitcoin’s Price Performance Trumps Equity and Gold Markets appeared first on Bitcoin News.
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India is currently under a nationwide lockdown due to the coronavirus outbreak. News.Bitcoin.com talked to executives of local cryptocurrency exchanges to find out the impact of the lockdown on cryptocurrency trading. They revealed that more people are actually trading cryptocurrencies on their platforms since the lockdown began. Also read: IMF Declares Global Recession, 80 Countries […]
The post Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Increase appeared first on Bitcoin News.
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Porn sites have been experiencing increased traffic as the number of people under lockdown or quarantine rises due to the coronavirus pandemic. Many of these sites accept cryptocurrencies, including Pornhub. The popular porn site currently offers residents of some countries free premium membership for a limited time to help them stay home during the covid-19 […]
The post Porn Industry Thrives During Lockdown — These Sites Are Cryptocurrency-Friendly appeared first on Bitcoin News.
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The crypto industry has had to quickly adapt to the escalating coronavirus pandemic, with major conferences postponed, canceled or hastily reformatted for the virtual realm. Due to its disproportionately high number of remote workers, though, the industry is more geared up for this new paradigm than many other sectors. Here are four virtual crypto events […]
The post 4 Virtual Crypto Conferences You Can Attend From Home appeared first on Bitcoin News.
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Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets “in the amounts needed,” signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post Cash Crisis: National Currencies Plunge in the Wake of Coronavirus appeared first on Bitcoin News.
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