Tag: Economy”

US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

US Government Prediction: Economy Faces 10-Year Recovery, Trillion Loss From Coronavirus The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $ 8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a […]

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even […]

Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017

Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017 The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. […]

Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash

Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash On May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani revealed a new project he’s been working on called “Signal, Watch, and Pay Protocol” (SWaP). Armani’s published specification and reference code of […]

Data Shows the US Economy Was Collapsing 5 Months Before the Coronavirus Outbreak

Data Shows the US Economy Was Collapsing 5 Months Before the Coronavirus Outbreak During the last two months, the global economy has shuddered and a great number of people still attribute the financial meltdown to the Covid-19 outbreak. However, during the last two weeks, the blame has shifted, as many […]

While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry

While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest 0M Into the Crypto Industry The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $ 515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company […]

Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy

Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $ 550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good […]

Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely

Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. […]

Coinbase Launches Price Feed to Help Secure $1 Billion DeFi Economy

Coinbase Launches Price Feed to Help Secure Billion DeFi Economy Cryptocurrency exchange Coinbase has released a price oracle that allows anyone to publish price data on-chain. The Coinbase Oracle, a signed price feed, grants users free access to data for BTC-USD and ETH-USD markets, the company announced Thursday. The idea […]