Cryptocurrency Analysis and News Portal
President Donald Trump hinted that investors should buy stocks yesterday, claiming the market looks “very good!” Last time Trump urged investors to buy, the S&P 500 rallied 35%. Obama did the same in 2009, right before the biggest bull run in history. American presidents have an uncanny ability to
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The Trump administration declared India a developed country, which means it will lose all the benefits it used to receive under the Generalized System of Preferences scheme. India’s Prime Minister Narendra Modi was planning to turn the country into a $5 trillion economy by 2024. The Trump administration’s decision delivered a
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The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a
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Chinese President Xi Jinping warned officials that their response to the coronavirus outbreak had already harmed the nation’s economy. Local authorities told to reign-in the scale of their response. China’s central bank declares the country’s economic health must be the first priority. China’s President Xi Jinping reportedly told staffers
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The president of the European Central Bank (ECB), Christine Lagarde, supports the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments.In an interview with French business magazine Challenges published on Jan. 8, Lagarde discussed the
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After meeting a list of obstacles in an attempt to pass regulations for its ambitious Libra cryptocurrency project, Facebook has been set back in their goal to launch it in 2020. Switzerland’s president, Ueli’ Maurer, has expressed disappointment in the project as Facebook’s team continues its efforts to seek regulatory
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The basket of assets backing Facebook’s Libra stablecoin needs to change in order for the project to be accepted by regulators, according to Switzerland’s President.“Central banks will not accept the basket of currencies underpinning it”Reuters reported on Dec. 27 that Swiss finance minister and outgoing president Ueli Maurer said
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Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar, AP reported. “The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime,"
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The European Central Bank President, Christine Lagarde, addressed the ECB’s top brass, saying that the bank needs to outline the objectives of its upcoming cryptocurrency project before the development and the technical process begins, at a conference on Thursday.The European Central Bank is expected to have a thoroughly detailed set
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A growing number of universities are happily welcoming cryptocurrency and blockchain as a course of study. Despite some controversies that surround this particular financial technology, it is glaring how much positive effort is being put to understand the rather complicated new digital means of payment.Amusingly, the latest crypto-friendly university member
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