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Soaring Inflation and Crashing Home Sales: Coronavirus Devastates China’s Economy

China’s real estate market is showing signs of collapse as the spread of coronavirus intensifies. Inflation is surging as the disease disrupts businesses and supply chains. A government researcher says the economic impact of coronavirus could shave as much as 1 percentage point from full-year GDP growth. Coronavirus is wreaking havoc on the

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Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says

Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries.According to a Feb. 4 report from Economic Information Daily, chairman of Minsheng Bank Hong Qi said:“The full adoption of digital technologies such as blockchain is expected to accelerate

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Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why

Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group.The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He added

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China Rolls Out National Blockchain Network to Enhance Virtual Economy

China’s nationwide blockchain network is due to be launched in the upcoming months. The blockchain-based service network (BSN) will contribute to improving the infrastructure of the blockchain sector in the country to develop the layout for newer blockchain projects and accelerate the growth of smart cities and the virtual economy.The

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US Financial Stability Oversight Council: Stablecoins Are a Risk to the Economy

On December 4th, the financial regulator the Financial Stability Oversight Council (FSOC) published an annual report for the year 2019. The report mainly focuses on the popularity of stablecoins and problems rising as these crypto assets expand over a wider range of potential consumers.In the report, a panel of top

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Venture Capitalist Icon Tim Draper to India: Grow Your Economy with Blockchain & Crypto

The famed entrepreneur and venture capitalist magnate Tim Draper went candid on India’s government in a recent event, dishing out a few foolproof tips to help grow the Indian economy with blockchain and crypto.The pro-crypto Draper acknowledged the incredible potential India’s economy hold and gave kudos to Prime Minister Modi

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