Crypto Mining Crunch Time – Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders
On or around May 13, the BTC network will see a block reward reduction as miners will go from getting 12.5 coins
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Economy
Zimbabwe U-Turns on Crypto, Looking to Stabilize Local Economy
The Reserve Bank of Zimbabwe, the country’s central bank, is considering a regulatory sandbox for crypto companies in an apparent change from its previous anti-cryptocurrency stance. The proposed sandbox is reportedly part of a broader agenda by authorities in Zimbabwe to revamp the nation’s financial sector, which has seen
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Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during
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The Importance of Passive Income in Today’s Economy and How Cryptocurrencies Can Help
The current state of the economy has made it hard for people to rely on just the regular source of income to manage their finances. In order to have financial security it is very important to have supplemental income to take care of all the financial obligations and still maintain
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Coronavirus Could Cost the Global Economy Trillions on a SARS Baseline
Using estimates of the economic damage caused by SARS and current rates of coronavirus infection, COVID-19 could cost trillions. Official figures show coronavirus is about 33% as deadly as the 2002-2003 SARS epidemic. So far it’s infected 6,800% more people. Chinese authorities downplayed the epidemic’s impact on the economy
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Coronavirus Is Grinding the U.S. Economy to a Halt – Here’s the Ugly Proof
U.S. services PMI plunged into contraction territory for the first time since 2013. The broader U.S. economy is on pace to grow just 0.6% this month, according to IHS Markit. Business spending plans have been curbed over fears of a worsening coronavirus pandemic. Output in the U.S. services sector
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The Dow Is Climbing but the Economy Is Teetering Toward Recession
The Dow Jones Industrial Average (DJIA) pushed higher on Wednesday as coronavirus fears eased. Two of the world’s largest economies, Japan and Germany, edge closer to recession this year. The risk of a global recession in 2020 is now ‘imminent.’ U.S. stock markets continue to blaze in ‘risk-on’ mode
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Warren Buffett’s Stock Moves Warn of Looming Recession for U.S. Economy
Berkshire Hathaway has moved into defensive stocks as stakes in recession-prone companies were cut. Warren Buffett’s heavy exposure to financials is now lower. Charlie Munger recently warned of “lots of troubles” ahead for the economy. Warren Buffett’s most recent stock purchases point to growing concerns that an economic downturn is right ahead. A Feb.
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Coronavirus Massacred its Economy – but China’s Still Lying About it
China says coronavirus doesn’t threaten the Chinese economy. But it already tried to hide the seriousness of the epidemic itself. Three reasons China’s government is also being dishonest about this: 1 – It’s taking desperate measures to fight the disease. 2 – And drastic action to brace its economy. 3 – China’s
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Fed Chair Jerome Powell Just Admitted the U.S. Economy Is Screwed
Federal Reserve Chairman Jerome Powell resumed his congressional testimony on Wednesday. He told lawmakers that low interest rates have become a fact of life. Twenty-four hours earlier, he asserted that the U.S. economy was doing just fine. Powell’s half right: The U.S. can’t survive normal monetary policy without risking financial ruin. Jerome Powell
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