#1 Source For Bitcoin And Altcoin News
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The post BANKEX Partners with Digital Trust Fund to Develop Uzbekistan’s Digital Economy appeared first on CCN
China’s weakening economy is driving fears of a global slowdown and now impacting oil markets. The price of crude oil fell 2.1% today. New Data Shows a Cooling Chinese Economy The latest data on Chinese imports and exports, below expectations, dropped the Dow Jones 230 points in premarkets today. The Dow Jones recovered but failed
The post Falling GDP, China’s Weakening Economy Drops Crude Oil Price By 2% appeared first on CCN
The United States will fall to a third place in the ranking of the largest economies in the world. China and India will overtake the U.S. by 2030, and it is unlikely that we will ever get the throne back. UK based financial services giant Standard Chartered Plc. predicted in its annual ranking of the
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Donald Trump delivered his first prime-time address from the Oval Office Tuesday evening, speaking directly to the American people about the need to for a planned border wall with Mexico. The speech came mere hours after Senate Democrats prevented the chamber from considering bipartisan legislation in an attempt to pressure GOP lawmakers to reopen the
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China’s well-known fears of social instability as a result of worsening economic conditions could be used to the advantage of the United States in the trade negotiations, U.S. Commerce Secretary Wilbur Ross has indicated. This comes as trade talks between the world’s two biggest economies entered a new stage on Monday in Beijing. Speaking to
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Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. The observations were brought to light in a December 28 report by the Reserve Bank of India
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The US economy will plunge into a recession in 2019, thanks to overreach by the Federal Reserve — which raised interest rates for the fourth time in 2018. That’s the sobering assessment of Canadian economist David Rosenberg, a strategist with Gluskin Sheff, a Toronto investment firm. “The market is behaving as it did during the worst collapse
The post US Economy Is ‘Complete Facade,’ Says Economist Who Claims Recession Is Near appeared first on CCN
The Dow Jones Industrial Average and other major stock market indices have posted steep declines during the second trading day of 2019, extending a downturn that saw them post their worst December returns since 2008. According to the top economist at Canadian wealth management firm Gluskin Sheff, these losses may have only been the beginning.
The post Dow Downturn Shows Economy is ‘Going into a Recession’: Gluskin Sheff Strategist appeared first on CCN
When we talk about worldwide crypto adoption, one of the most untapped places in the world is Africa. Nigerian blockchain experts have called for greater regulation of cryptocurrency on the African continent to strengthen the sector in the region and to help boost the economy. Although most crypto-fanatics will pour scorn on any talk of
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The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as an electricity buyer of last resort,” contrary to the mainstream media construct of it being an environmental menace.
Also read: Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court
Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to the media on Wednesday at Russia Calling, an investment forum organised by VTB Capital, Oreshkin said that despite the woes of the crypto market,
The post Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister appeared first on CCN
Riggs Eckelberry is the CEO of OriginClear, a company which provides water treatment solutions, and Chairman of WaterChain, a token project which works to crowdsource water funding in an effort to alleviate suffering as a result of the ongoing global water crisis, which isn’t scheduled to get any better as populations increase. In a recent
The post WaterChain Chairman: Cryptocurrencies Will Create An Entirely New Economy appeared first on CCN
The World Will Need A Fast Truly Decentralized Exchange To Keep Up
Recent news of TD Ameritrade’s investment in a futures exchange, Coinbase’s $ 8B valuation, and Web 1.0 mainstay Yahoo Finance, is offering a cryptocurrency chart.What does this tell the market? For starters, that crypto is steadily moving into mainstream finance.
The NYT recently served up this promotion from Visa. It’s hard to remember a time when Visa wasn’t a household name. But, if you can imagine it, even Visa was once a new technology offering faster transactions compared to the standard – at the time – check transactions. Now, consumer transactions and decentralized exchanges are very different, but the appeal is the same – fast is good, slow is bad.
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Dozens of blockchain ecosystems have been developed, but few have delivered on their promises, creating a lot of uncertainty around the technology in general. Blockchain-powered solutions face problems
The post Optherium Is the Bridge between the Traditional Economy and a New Digital Economy appeared first on CCN
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The post Coinfirm Releases Beta of AMLT Network. Now Everyone Can Contribute to a Safer Crypto Economy appeared first on CCN
Whoever Satoshi Nakamoto is, he/she might be deserving of the Nobel Prize in economics for inventing Bitcoin (BTC), the nascent digital coin that is currently rescuing crypto-adopting Venezuelans from the abyss.
Fiat cash has long been problematic because of their unsustainable, long-term value: Central banks and governments can simply turn on the printing press to print notes that are not backed by gold or anything of fungible value. In Venezuela, which has a population of 32 million, the bolivar has become unusable and the local economy has arrived at a grinding halt: Suppliers have stopped producing; workers have stopped working; and grocery shelves are empty because nobody can get paid given that the medium of exchange (bolivar) has lost all value.
For well over a year now the Bitcoin Cash (BCH) protocol has shown quite a bit of capability as far as on-chain scaling is concerned. The creator of Bitcoin knew that the technology had to expand in scale quite vastly in order to accept the magnitude of global commerce and businesses on the blockchain. In the early days, Satoshi told people that the technology would follow alongside Moore’s Law with high-performance computing, and the past year has shown the BCH chain can scale to fulfill the needs of the global economy.
Also read: Sales Tax and Bitcoin in the United States Can Be Confusing
Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years.
On August 9, 2018, the three hosted an Ask Me Anything (AMA) session on Reddit to discuss the project known as Origin.
Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through blockchain technology.
A rapidly growing enterprise known as GXChain is on a steady course toward achieving this milestone. Launched in 2017 and led by a technical team in China, the company has a value proposition that is predicated on the safe, credible, efficient and free exchange of data to maximize its use and value.
Happy Friday the 13th!!
If you live and work in the United States and didn’t get a raise of 2.9% this year, you’re actually making less than you did last year.
The CPI data released yesterday showed a rather nasty increase bringing the rate of inflation to just under 3%.
Unfortunately for American workers, the average hourly earnings that were published a week ago showed a growth of only 2.7%.
That means that all the increases American’s received in their salaries over the last year have been completely wiped out by inflation.
So, is the US economy really doing great?
