Dubai government to launch a KYC blockchain consortium in collaboration with six banks in Q1 2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing […]
The post Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates appeared first on Bitcoin News.
Japan is worried about the soon-to-be-released Chinese CBDC, as it might disrupt the global economy. Local lawmakers suggest developing a digital yen to counter it
Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone countries, U.S. threats for import tariffs, and the fallout from the […]
The post German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic appeared first on Bitcoin News.
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a […]
The post China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic appeared first on Bitcoin News.
Coinbase and Ripple execs unveil their master plan for driving US crypto adoption
When the dam looks ready to break
The post The Fed Has Pumped $500 Billion Into the Repo Market. Where Does It End? appeared first on Bitcoin Magazine.
China’s nationwide blockchain network, the BSN, will be fully launched in April 2020, following a six-month beta testing period
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back the […]
The post Is China’s New Fascination With Blockchain Really Good for Bitcoin? appeared first on Bitcoin News.
Digital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test key resistance levels in order to […]
The post Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance appeared first on Bitcoin News.