Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal

Trump 'Loves' Negative Rates and 'Could Get Used to' Them, Criticizes Fed at World Economic Forum, China Trade DealU.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming they’ve not lowered rates quickly enough. The harsh words echo […]

The post Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

China Takes Another Step Away From USD Hegemony

China Takes Another Step Away From USD HegemonyThe China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation […]

The post China Takes Another Step Away From USD Hegemony appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Is a Weapon for Free Speech in the Face of Government and Corporate Censorship

Bitcoin as Free Speech Money: Government and Corporate Censorship Shows the Value of Financial SovereigntyThe latest skirmishes in the bruising trade war between the U.S. and China have led to the unlikely politicization of the NBA. But how did the views of a basketball executive become such a political football? And what does China’s ideological commitment to censorship say about the value of free speech and of free speech […]

The post Bitcoin Is a Weapon for Free Speech in the Face of Government and Corporate Censorship appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Market Update: Economists Envision Global Recession While Crypto Prices Soldier On

Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that could send […]

The post Market Update: Economists Envision Global Recession While Crypto Prices Soldier On appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Currency War Erupts as US and China Bring Out the Big Guns

What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their […]

The post Currency War Erupts as US and China Bring Out the Big Guns appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Why a Global Recession Would Be Good for Bitcoin

Macro trends suggest that a global economic crisis could be looming. Worries about a global recession have been fed by the newly published GDP report showing that China grew at its slowest rate last year since 1990. If a global recession were to happen in the future, many believe that cryptocurrencies, bitcoin primarily, would benefit. […]

The post Why a Global Recession Would Be Good for Bitcoin appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Price Watch: Currency at $8,200

At press time, the father of cryptocurrencies is up by approximately $200, and is now trading in the $8,200 range. The currency has been meandering between $8,000 and $8,200 for the past few days, with some ups and downs along the way. The important thing is that for the most part, the currency is maintaining […]

Go to Source

Powered by WPeMatico