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Showing posts from March, 2020

Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe the Fed could start purchasing stocks in order to quell the economy. Also read: US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say The Fed Is Deploying More Than Just a Monetary Policy Bazooka, It’s Unleashing the Whole Arsenal On Tuesday, the U.S. Federal Reserve threw another tool into the financial system by announcing an international repo option in order to curb investors from panic-selling Treasuries. Since the covid-19 outbreak started spreading rapidly throughout the nation, the economy has been hit hard by numerous industry shutdowns across the U.S. After closing borders and shuttin...
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US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say

The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President Donald Trump provides relief for homeowners but does not provide relief for the mortgage industry, companies are worried they may go out of business. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It Mortgage Industry at Risk The coronavirus outbreak and resulting job losses could result in an unprecedented number of people left unable to make their mortgage payments. Facing a second mortgage industry crisis in recent history, many of the country’s largest mortgage lenders are warning they will soon be pushed to the brink of failure . The breadth of the coronavirus pandemic has sparked industry estimates of between 25% and 50% of borrowers being unable to pay thei...
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The Crypto Industry’s $400M Cash and Stock Deal – Binance to Acquire Coinmarketcap.com

The popular cryptocurrency exchange Binance is allegedly in talks with the owners of coinmarketcap.com in hopes of purchasing the website for $400 million. People familiar with the matter explained the acquisition will be announced this week and could be one of the largest procurements in the cryptocurrency and blockchain industry to-date. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up Binance Will Reportedly Purchase Coinmarketcap.com for $400 Million Binance has grown quite large since launching in 2017 when the global cryptocurrency exchange was founded by Changpeng Zhao (CZ) and Yi He. The following year in 2018, the exchange was considered the largest in the world in terms of cryptocurrency trading volume. The firm has also acquired the Indian exchange Wazirx, the Beijing-based Dappreview, a derivatives exchange called JEX, Mars Finance, and a digital currency mobile wallet branch called Trust Wallet. Now according to peo...
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23 Approved Cryptocurrency Exchanges in Japan — Number Rises Amid Pandemic

Despite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It First Approved Crypto Exchange This Year Japan’s top financial regulator, the Financial Services Agency (FSA), registered another cryptocurrency exchange operator on Monday. Japan legalized cryptocurrencies as a means of payment under the amended Payment Services Act back in April 2017 and crypto exchange operators are required to register with the FSA. The agency started registering them in September 2017. The latest one registered by the FSA was Okcoin Japan, the Japanese subsidiary of Ok Group. Founded in September 2017, the Tokyo-based exchange has been approved to trade BCH , BTC , ETH , ETC , and LTC , according to the FSA’s website. The exchange will soon launch; i...
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IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed

The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures totaling some 5 trillion dollars or over 6% of global GDP. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It IMF Declares Global Recession Kristalina Georgieva, Managing Director of the International Monetary Fund, talked about the current economic situation during a press briefing on Friday. She also outlined measures taken by the IMF and the G20 countries in an effort to prevent a total economic meltdown due to the coronavirus pandemic. The press conference followed the G20 leaders meeting the day prior. “We have reassessed the prospect for growth for 2020 and 2021,” Georgieva said, elaborating: It is now clear that we have entered a recession – as bad as or worse than in ...
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Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K

Bitcoin’s price has been dragging downward and on March 29, BTC ’s fiat value slipped beneath the $6K zone. Most of the top ten cryptocurrencies are down between 5-8% in the last 24 hours. As the global economy falters and the halving approaches, people are uncertain about the future price of bitcoin as “safe-haven” theories have been steadily vanishing. Also read: In-Between Bitcoin Halvings: Analyst Proves Bitcoin’s Price Not Bound to 4-Year Cycles Top Ten Cryptos See Some Percentage Losses During Sunday’s Trading Sessions The price of bitcoin affects the entire cryptoconomy most of the time and on Sunday, March 29, the story is no different. BTC has slipped beneath the psychological $6K mark after hovering around $6,450 for a while and then $6,200 during the last day and a half. At the time of publication, BTC is swapping for $5,904 per coin and has a market capitalization of roughly $108 billion. As usual, tether ( USDT ) is the top pair with BTC on Sunday capturing more t...
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Latest Bitcoin.com Wallet Release Features Live Charts and Price Tracking

This week, our developers rolled out the latest version of the lightning-fast, noncustodial Bitcoin.com Wallet. The new version now comes with live price graphs so crypto enthusiasts can follow crypto price changes in real-time. Moreover, the wallet software also features price tracking so you can monitor your favorite digital asset’s price changes as well. Also read: ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu Bitcoin.com Wallet Features Live Price Graphs and Price Tracking Abilities Ever since our developers launched the Bitcoin.com Wallet, they continuously improve the software with every release. During the second week of March, the software surpassed 10 million wallets created and Bitcoin.com also redesigned the wallet’s look. The Bitcoin.com Wallet has always been packed with features and gives users access to our many services like Bitcoin.com’s Games and the ability to instantly purchase BTC or BCH . Not too long ago Bitcoin.com engi...
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Free from Tron: Steemit’s Blockchain Fork Hive Outperforms Steem Token Value

For weeks now, the cryptocurrency community has been fervently discussing the recent acquisition of the Steemit blockchain. Skeptics believe that the Tron takeover has shown significant vulnerabilities with delegated-proof-of-stake (DPoS) projects. Following the takeover, the community still managed to fork the protocol and the new hard-forked blockchain dubbed ‘Hive’ has seen its token price outperform the value of Steem tokens. Also read: In-Between Bitcoin Halvings: Analyst Proves Bitcoin’s Price Not Bound to 4-Year Cycles A slew of Steemit proponents believe the Steemit protocol was rescued from centralization and Justin Sun’s Tron project. On March 3, news.Bitcoin.com reported on how the first community-led fork had failed because a few exchanges used large swathes of DPoS tokens in order to stop the first attempt. Then on March 20, community members forked the Steemit protocol and relaunched under the name ‘Hive’ using its own blockchain. Although after the fork took place, ...
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Porn Industry Thrives During Lockdown — These Sites Are Cryptocurrency-Friendly

Porn sites have been experiencing increased traffic as the number of people under lockdown or quarantine rises due to the coronavirus pandemic. Many of these sites accept cryptocurrencies, including Pornhub. The popular porn site currently offers residents of some countries free premium membership for a limited time to help them stay home during the covid-19 outbreak. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It Porn Site Sees Surge in Traffic Amid Coronavirus Lockdown Lockdown and social distancing have increased traffic to adult websites, many of which accept cryptocurrencies. Recently, one of the largest free porn sites, Pornhub, began offering free premium membership to users in countries currently undergoing a coronavirus lockdown or quarantine, including France, Spain, and Italy. Premium membership offers benefits such as exclusive content, no ads, faster streaming, and high-speed downloads. Since last week, users could sign up using the site’s s...
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