With Russia cut off from SWIFT, could Bitcoin play a role in avoiding sanctions?

Following the invasion of Russian forces into Ukraine, several countries (i. e. , the United States and a number of EU members) have imposed strict economic sanctions on Russia which, among other things, will preclude some local banks from accessing the Society for Worldwide Interbank Financial Telecommunications (SWIFT).

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Russia Could Use Bitcoin To Mitigate Western Sanctions Following Ukraine Invasion: Report

With cryptocurrencies increasingly being seen as an alternative hedge to fiat-induced economic woes, one does not need to look further as to how Russia will view digital assets during its current tensions with NATO.

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What Could Push Bitcoin Above The $100K Threshold

Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs.

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Pundit Offers Ingenious Solutions To The Problems Plaguing Axie Infinity’s Economy

An expert has proffered solutions to Axie’s economic woes. He believes it could no longer continue to be a source of universal basic income if the status quo remains unchanged.   Axie has risen to become the foremost Play To Earn game with millions of daily players.

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Play-to-Earn – How it Could be an Income Solution

Play-to-Earn could be a solution for pandemic-related economic woes.

The post Play-to-Earn – How it Could be an Income Solution appeared first on BeInCrypto.

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'This is a buying opportunity,' says SkyBridge CEO, Scaramucci post massive sell-off

The financial markets worldwide suffered a brutal sell-off on 26 November. Investors scrambled to shelter themselves from economic hardships that could be brought back by lockdowns and travel bans.

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Argentina introduces a crypto tax regime on back of El Salvador’s Bitcoin story

Countries around the world are now waking up to how the crypto space could play a pivotal role in their wider economic life as a number of them are now introducing taxes for the space. The post Argentina introduces a crypto tax regime on back of El Salvador’s Bitcoin story appeared first on CryptoSlate.

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FED’s Powell Confirms Persisting Inflation, Could Tapering Stop Bitcoin’s Rally?

Bitcoin has dropped 3.8% in the 24-hour chart as the Chairman of the U.S. Federal Reserve Jerome Powell gave a speech on the current economic outlook. As of press time, the crypto market has negatively reacted to Powell’s statements as the intuition finally hints at a possible start of tapering. Related Reading | Can “Coin Days […]

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Natural Gas: Seven Potential Consequences of Price Surge

Higher prices of natural gas could have a wide range of economic repercussions affecting businesses and consumers.

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Bitcoin Price Sinks 10% As Market Braces For Macro Storm Ahead

Bitcoin price has shed 10% in a single day in an increasingly dangerous macro climate. Although the ultra-scarce cryptocurrency is claimed to be a hedge against catastrophic economic events, there is no telling how the volatile asset could react when it does finally arrive.

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Crypto Could ‘Create Access to Opportunity,’ Says NBA’s Stephen Curry

NBA superstar Steph Curry said he believes cryptocurrencies have the potential to be leveraged for economic opportunity and social mobility. The post Crypto Could ‘Create Access to Opportunity,’ Says NBA’s Stephen Curry appeared first on BeInCrypto.

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India: New Bill Reportedly to Treat Cryptocurrencies as Commodity

The Indian government could finally be making plans to embrace the crypto economy. India Considering Legitimizing Crypto The ambiguous state of legality of cryptocurrencies in India might soon be coming to an end for good if a recent report by The Economic Times is anything to go by.

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Cardano’s Charles Hoskinson Expects Cryptocurrencies To Play A Major Role In Afghanistan

Cryptocurrencies could see increased adoption in Afghanistan due to the rising need for more privacy and the economic chaos in the country, according to Cardano founder Charles Hoskinson. According to Hoskinson, this would happen if the Taliban leaders do not respect the rights of people.

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El Salvador’s Bukele Is “Playing With Fire” For Ignoring World Bank, IMF’s Warnings On Bitcoin: Renowned Economist Steve Hanke

Steve Hanke – a professor of applied economics at John Hopkins University – has sounded a warning that El Salvador could be heading to currency chaos and economic collapse with their adoption of Bitcoin as legal tender.

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WEF Executive Weighs in on Disputed Cryptocurrency Tax Policy

The World Economic Forum has become the latest body to comment on the controversial US cryptocurrency tax provision.   Expanded Crypto Provision Could Affect Industry Sheila Warren, the WEF’s Head of Blockchain and Digital assets has issued a statement about the expanded crypto tax policy by the US Senate.

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Bank Of America Sees Four Upsides In El Salvador’s Bitcoin Adoption

Bank Of America has said that it sees how El Salvador’s adoption of Bitcoin could help the Island country. President Bukele Agrees With Bank Of America President Nayib Bukele of El Salvador, a Central American country, tweeted yesterday screenshots of a Bank of America economic outlook report (BofA). Along with explaining why the bank is […]

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World Economic Forum Article Highlights How Blockchain Could Help Tackle Corruption in Government Services

An article published on the World Economic Forum (WEF) website by a company executive, stated the benefits of blockchain, saying that the emerging technology could be the solution to mitigating corruption in government services.

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India: Crypto Investors Could Be Subject to 2% Levy on Purchases from Offshore Exchanges

A report posits that Indians might be charged a 2% levy on crypto purchased from overseas exchanges. Charges Could Be Imposed on Indian Crypto Enthusiasts According to a report by The Economic Times published on June 22, digital currencies bought from crypto exchanges outside India could be subject to a 2% levy charge. Dubbed ‘equalizationRead More

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Indians could be charged an extra 2% tax on Bitcoin and crypto ‘purchased abroad’

Bitcoin (BTC) and other cryptocurrencies bought from exchanges outside the country could cost Indian investors additional tax, while the tax department is looking into whether crypto falls subject to the 2% equalization levy, reported the Economic Times.

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New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries

A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries.

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Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador

JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on […]

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El Salvador’s Legal Bitcoin Tender Could Have Grave Repercussions, IMF Warns

The International Monetary Fund (IMF) has responded with criticism to El Salvador’s decision to adopt bitcoin as a legal tender, saying that the move will likely lead to unforeseen economic risks and regulatory complications.

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India Reportedly Considering Regulating Cryptocurrencies Instead of Outright Ban

Cryptocurrency regulations could finally be coming in India. India to Consider Regulating Cryptocurrencies According to a report by The Economic Times published today, the Indian government is considering forming a fresh panel to study the possibility of regulating digital currencies in India.

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ING Report: How Blockchain & DeFi Will Change The Financial Landscape

Multinational banking services provider ING bank has lent its voice in the ongoing debate surrounding decentralized (DeFi) and centralized finance (CeFi). In a detailed whitepaper published on its website, the Amsterdam-based financial institution expounded on the pros and cons surrounding DeFi and how centralized finance could help institute a new economic system.

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Recent Comments From Fed’s Kashkari On Inflation Could Trigger Massive Bitcoin Buys

President of the Federal Reserve Bank of Minneapolis Neel Kashkari has said that a 4% inflation rate would not cause him any form of panic. In an interview sponsored by the Economic Club of New York, Kashkari told American macroeconomist and Harvard professor Gregory Mankiw that his concerns would majorly depend on “why” inflation had […]

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Fidelity, Coinbase Among Firms Establishing a Crypto Council

This could be a big step for cryptocurrency regulations. Among other things, the Council will lobby policymakers, as well as commission research projects. It hopes to serve as the nascent industry’s voice and champion digital currencies’ economic benefits and their underlying blockchain technology.

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Bitcoin price bounces at $50K amid 4-month highs for DXY

Federal Reserve Chair Jerome Powell hints that monetary stimulus could be withdrawn thanks to "substantial progress" in the U.S. economic recovery.

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BTC Recovers Further as China’s Stance on BTC Shudders

The policy comes after China’s top economic planner National Development and Reform Commission (NDRC) said Inner Mongolia is the only province failing to constrain energy waste in 2019. BTC’s high energy consumption could be the main driver for this decision.

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UK investment manager sells off half BTC holdings after $750M win

"The economic environment for Bitcoin right now could not be better," said Duncan MacInnes.

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Tokenized agriculture could provide economic relief to Argentine farmers

Blockchain proponents claim that agricultural asset-backed tokens would make it easier for farmers in Argentina to attract investment and access liquidity amid a nationwide economic crisis.

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This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor

Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading range since the start of May. The equities market has been stable as of late, with its ongoing consolidation coming close on the heels of a historic rebound […]

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EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

The planned regulatory regime could include stricter rules for projects deemed "global stablecoins," a subtle reference, possibly, to Libra.

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BIS Annual Report Reveals Increased Activity in CBDC; Emphasis on Policy Not Competition

The Bank for International Settlements (BIS) Annual Economic report has revealed that Central Bank Digital Currencies (CBDC) are gaining popularity and could play an essential role in the digital innovation era.

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Fear of Libra’s Stablecoin Replacing Domestic Currencies Is Greatly “Overstated:” Fed Reserve

Federal Reserve economists disclose that project Libra’s ability to disrupt economies may have significantly been “overestimated” and overstated by policymakers. The report released on Monday shut down the extremist's statements that the earlier version of one Libra stablecoin could replace the global economic systems as we know them today. The report arose from a prototype […]

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DeFi Could Have a Bigger Impact on Ethereum than ICOs

Decentralized finance markets have largely weathered the economic storm this year and continue to mature despite the crypto market remaining relatively flat. This new financial landscape could have a much greater impact on Ethereum than the ICO boom.

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Will Hong Kong’s New Cryptocurrency Influence Region’s Economic Recovery?

Coinspeaker Will Hong Kong’s New Cryptocurrency Influence Region’s Economic Recovery?The creation of a digital fund could help Hong Kong to source new streams of investment both domestically and overseas, so being proactive in this respect and taking steps to regulate the space could afford the region a competitive edge.

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Bitcoin Is a Way to Repair Economic Injustice: Author Isaiah Jackson

There are no easy technological solutions to racial tensions, police brutality or economic insecurity. Still, bitcoin could help black Americans, says author Isaiah Jackson.

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China: Lawmaker Proposes Creation of a National Blockchain Fund

China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several economic sectors.

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U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves

Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national security law. The warning could lead the People’s Bank of China to devalue yuan that, according to Naeem Aslam of AvaTrade, could prove disastrous for all currencies.

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JPMorgan Report Opines CBDCs Could Disrupt the U.S. Dollar’s Hegemony

A report by JPMorgan & Chase Co. states that the rise in the popularity of central bank digital currencies (CBDC) could spell doom for the U. S. dollar that enjoys unquestionable hegemony in dictating the global economic order today, Bloomberg reports June 22, 2020.

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Tensions are Rising Again Between the US and China; Will This Boost Bitcoin?

The US and China are once again seeing heightened tensions amidst a new push by the Chinese government to grab power within Hong Kong The Chinese President is now noting that he feels “threatened” by comments made by the US President, and it does appear that these tensions could soon escalate further This comes as investors are largely fleeing assets that could be impacted by further economic turmoil Bitcoin could be the big winner of […]

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Housing Market Poised to Lead Economy Out of Recession: Economist

A key gauge of housing market health plunged 30% in April, but economists still believe the housing market could lead the economic recovery. The post Housing Market Poised to Lead Economy Out of Recession: Economist appeared first on CCN.com

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The U.S. Housing Market Crash Has Begun, Unofficially

The economic impact of coronavirus has triggered a liquidity crunch that could force more Americans to unload their properties. But what if there are no buyers? The post The U.S. Housing Market Crash Has Begun, Unofficially appeared first on CCN.com

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Apple Targets India for Manufacturing. That’s Bad News for China.

Apple is shifting a fifth of its China-based manufacturing to India, in a move that could hasten China's decline as an economic superpower. The post Apple Targets India for Manufacturing.

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Crash Worse than Great Depression could arrive in 2020

Bitcoin halving is here with us and sentiment has never been so bullish for post-halving adoption. Sadly for legacy markets, the IMF and Bank of England have forecast the worst economic downturn since the Great Depression As Bitcoin welcomes its halving on May 12, 2020, several global financial bodies are offering a grim outlook for more info… The post Crash Worse than Great Depression could arrive in 2020 appeared first on Coinjournal.

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Max Keiser Gives Major Reason for Purchasing Bitcoin (BTC) Now, Before It Hits $400,000

Vocal Bitcoin advocate Max Keiser explains how in the current political and economic climate Bitcoin could hit $400,000 and transform local economies

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Housing Market May Not Recover in 2020 After 21% Sales Crash

The U.S. housing market could be headed toward a prolonged downturn in 2020 as the economic fallout of the coronavirus pandemic takes hold. The post Housing Market May Not Recover in 2020 After 21% Sales Crash appeared first on CCN.com

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This Bullish Bitcoin Factor Has a 85% Strike Rate Since 2011. It’s Nearly Back

Despite the impressive rally Bitcoin has embarked on since March’s lows, there’s been growing uncertainty in the crypto market. Some are fearful that an extended economic recession could send cryptocurrencies tumbling, while others have suggested that BTC is on the verge of an explosive rally, citing the block reward halving.

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The Odds Bitcoin Sees an Exponential Spike Are “Rapidly Increasing”: Here’s Why

There is no doubt Bitcoin has been adversely affected by the outbreak of COVID-19. Crypto assets, like many other mainstream asset classes, experienced a large downturn in the middle of March. It was a move in global markets based on fears that the coronavirus lockdowns could cause a widespread economic contraction, maybe even a full-blown...

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