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The Bank for International Settlements (BIS) expects the COVID-19 crisis’ impact on retail payments to have a knock-on effect on the development of central bank digital currencies (CBDC).The BIS is an organization based in Switzerland made up of 60 of the world’s central banks, and has previously released a number
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Place/Date: London, United Kingdom - June 22nd, 2020 at 8:00 am UTC · 3 min read Contact: Chris Roper, Source: Investoo Group The COVID-19 pandemic has had an unprecedented impact on our daily lives, our ability to interact and our financial structures and security. Blockchain technology has been around
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Editor’s note:The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode.Recent news has been quite kind to crypto all over the world. We may in
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Bitcoin is now viewed as a better hedge against market volatility than stocks and U.S government bonds according to a recent survey from market research company
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A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region.According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe
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Many in the crypto space hope that the recession following the COVID-19 pandemic will provide the necessary push towards mass adoption. Does this mean that soon we’ll all be paying in Bitcoin? The analysts at Cryptoprocessing.com are not so sure.For crypto evangelists, the coronavirus emergency is the perfect storm: it’s
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The U.S. housing market may look up as employment numbers indicate a recovery. Job postings have started ticking up. Home demand remains strong. The housing market should have been in tatters given the massive spike in unemployment in recent months, but that hasn’t been the case so far. In April, the market held its
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[sociallocker id="55298"] Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years, but political turmoil and the pandemic-induced global market downturn has raised fears of government defaults and the devaluation of the Lebanese pound. As a
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[sociallocker id="55298"] Blockstream's Adam Back says that unlimited money printing will drive retail investors towards Bitcoin and push the price to $300,000 within five years.In an interview with Bloomberg — in which he once again denied he was Bitcoin (BTC) creator Satoshi Nakamoto — Back outlined his thinking behind the
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Mortgage applications have risen in recent weeks as mortgage rates hit record lows. Millennials can’t afford to buy a house as many of them are struggling financially. The housing market probably won’t recover as fast as expected. The pandemic has hit the U.S. economy hard, and chances of a
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