recession

Exchange CEO Explains Bitcoin Exploring Uncorrelated Price Action

Source Node: https://cointelegraph.com/news/exchange-ceo-explains-bitcoin-exploring-uncorrelated-price-action
Time Stamp: April 9, 2020 1:14 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s price initially dumped alongside the mainstream markets, but now looks to be exploring its own route. “When the stock markets crashed, Bitcoin crashed,” AAX crypto exchange CEO Thor Chan told Cointelegraph. “It appeared that they were correlated,” he posited, adding:“However, the previous plunge of Bitcoin together with traditional financial markets is due to a liquidity problem. People dump whatever they can in any market. This is very extreme and rare because even the ‘safe haven’ assets dropped. Soon after, the liquidity became ‘normal’ again, we’ve seen Bitcoin’s price is discovering

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/fear-greed-and-the-evolution-of-money-in-the-age-of-the-coronavirus-pandemic
Time Stamp: April 9, 2020 4:24 AM - Modified On: May 21, 2021 - Published By:
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The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night.We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked

Price Analysis April 8: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-8-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 8, 2020 3:32 PM - Modified On: May 21, 2021 - Published By:
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Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.”Ballet CEO and founder Bobby Lee expects Bitcoin to reach $10,000 by its block reward halving next month. Lee expects the

Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession

Source Node: https://cointelegraph.com/news/bitcoin-naysayer-jamie-dimon-praises-2-trillion-stimulus-while-predicting-great-recession
Time Stamp: April 7, 2020 6:04 PM - Modified On: May 21, 2021 - Published By:
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JPMorgan Chairman and CEO Jamie Dimon praised the U.S. government for quick action in the wake of COVID-19, yet he criticized it for not having a “pandemic playbook.”Dimon is mostly known among the crypto community for his derisive statements about Bitcoin (BTC). In September 2017, Dimon called Bitcoin “a fraud” right before its historical peak.  On another occasion he said:“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”A few months later, he acknowledged regretting those statements. (And when JPMorgan subsequently announced the JPM Coin,

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

Exchange CEO Forecasts Crypto Market Uptick in Coming Weeks

Source Node: https://cointelegraph.com/news/exchange-ceo-forecasts-crypto-market-uptick-in-coming-weeks
Time Stamp: April 3, 2020 4:21 PM - Modified On: May 21, 2021 - Published By:
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As the world sits in flux between coronavirus and financial market concerns, AAX crypto exchange CEO, Thor Chan, thinks cryptocurrencies will ultimately make out ok.“During a period of intense panic, many investors fled the markets in search of cash, or to defend their positions elsewhere,” Chan told The Merkle in a March 30 interview, referencing recent plunging crypto and mainstream markets. “Cryptocurrency markets suffered together with all other markets,” he continued, adding:“But over the coming weeks and months, as governments cut interest rates, I think we will see the crypto

Revolut Reacts To Corona Crisis, Pushes out New Crypto Support

Source Node: https://insidebitcoins.com/news/revolut-reacts-to-corona-crisis-pushes-out-new-crypto-support/256350
Time Stamp: April 3, 2020 6:46 AM - Modified On: May 21, 2021 - Published By:
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Revolut, a digital banking app, has recently rolled out its cryptocurrency services to all of its standard users. This comes alongside a statement from the app itself that it widened its access earlier due to the current global economic crisis.This Is No April Fools’On the first of April, 2020, the UK-based fintech service provider made the announcement that it will allow for cryptocurrency accounts and trading to all of its standard users, with a 1.5% flat fee per trade. Before this announcement, these services were reserved only to its Premium

Bitcoin in the Aftermath of COVID-19: Two Possible Scenarios

Source Node: https://cointelegraph.com/news/bitcoin-in-the-aftermath-of-covid-19-two-possible-scenarios
Time Stamp: April 2, 2020 12:01 PM - Modified On: August 29, 2021 - Published By:
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Futurist and author, Daniel Jeffries, shared with Cointelegraph his view on the future scenarios awaiting Bitcoin in the aftermath of COVID-19. Two possible outcomes In one particularly dark scenario,  the global economy will plunge into a severe recession and countries will turn to authoritarianism in order to survive. In such a scenario, world governments will impose capital control measures, curbing citizens’ financial freedoms. Authorities will then crack down on cryptocurrency to prevent people from circumventing their restrictions. Jeffries does not believe that Bitcoin would be able to survive in such a scenario. He

Doing Well by Doing Good: 5 Reasons Why it Works

Source Node: https://www.bitcoinmarketjournal.com/doing-well-by-doing-good-5-reasons-why-it-works/
Time Stamp: April 1, 2020 7:38 PM - Modified On: August 29, 2021 - Published By:
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“Do well by doing good.” The phrase has a deep meaning during this time in human history. In a nutshell, it means that companies that do good (i.e., help out during the Coronacrisis) will do well (i.e., make money and thrive). This is counter-intuitive. Logically, you would not help out during a recession: you would lay off workers, conserve your remaining cash, and “hunker down,” to use an unfortunate phrase. Here are a few reasons why the opposite is true. Your name gets out there. Many of our clients are