Escalating debt and inflation could result in years of stormy weather for global economies
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by […]
The post Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year appeared first on Bitcoin News.
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for […]
The post Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top appeared first on Bitcoin News.
This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data […]
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The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a […]
The post US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT appeared first on Bitcoin News.
The leaders in this week’s policy news focus on some case studies in power accumulation that more than anything show why decentralization tech matters.
Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. Meanwhile, bank indexes show that financial institutions […]
The post Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low appeared first on Bitcoin News.
The Fed is looking at issuing a central bank digital currency, but can’t point to any concrete progress.
For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest rates in the near future, according to a number of […]
The post US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’ appeared first on Bitcoin News.
The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of […]
The post Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance appeared first on Bitcoin News.