Cryptocurrency Analysis and News Portal
Following a 6.8% decline in the Q1 GDP, China has recorded a growth in its economy in the second quarter. The country’s economy is recovering from coronavirus.After suffering losses in the first quarter (Q1) of 2020, China has revealed that its economy grew by 3.2% in the second quarter (Q2).
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El Zonte, a rustic beach town of just 3,000 people located on the coast of El Salvador in North America, uses bitcoin (BTC) as its sole currency and medium of exchange. The people of El Zonte have created a robust crypto-economy for themselves, using the world’s flagship crypto to run
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Google has launched an India Digitization Fund and is going to invest $10 billion through partnerships and infrastructural efforts.Google LLC (NASDAQ: GOOG) (NASDAQ: GOOGL) has declared its intentions to invest $10 billion in India within the next seven years, to speed up the country’s transition to a digital economy. Since
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Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free.Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system.“There
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On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the asset will surpass $10K once again. However, there is
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Unemployment data this week is anything but promising, suggesting a V-shaped economic recovery is a pipe dream. Continuing jobless claims show people aren’t being rehired. Salary cuts across the board mean even those who have a job have less to spend. U.S. jobless claims fell for a ninth straight week on Thursday, but
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Wells Fargo is stepping away from independent car dealers to distance itself from risky loans. The subprime auto loan market is looking increasingly dangerous. Without a speedy post-pandemic recovery, subprime auto loans are in danger of toppling the economy. This week, Wells Fargo confirmed that auto loans could be the catalyst that sends
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While the S&P 500 is still down about 6% year-to-date, Zoom’s shares have tripled in value. Zoom’s popularity has exploded due to shelter-in-place orders. Zoom keeps soaring despite investors being optimistic about the economy. Zoom Video Communications’ (NASDAQ:ZM) stock price was on an uptrend before the pandemic started. But the outbreak pushed shares
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The Donald Trump administration is planning to omit key economic projections from its budget review. The lack of transparency suggests Trump has something to hide. The projections likely exist- why not share them? Donald Trump is refusing to be fact-checked once again. This time it’s Americans, not Twitter, looking
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The Dow Jones Industrial Average rallied nearly 300 points in futures trading Monday night. Although the economy has likely plunged into recession, key indicators such as mortgage applications and travel bookings are up slightly. The Atlanta Fed’s GDP tracker estimates a second-quarter contraction of 41.9%. U.S. stock futures rose
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