The global economy is estimated to drop by 3% this year, before rebounding by 5.8% in 2021, the International Monetary Fund (IMF) said today, stressing that “this crisis is like no other”. In the past 60 years, the global economy decreased only once. In 2009, when Bitcoin started its journey, the global Read more…
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea. The world is going through a crisis with an escalating number Read more…
Bitcoin believers waited for a global economic crisis for years, hoping it would prompt investors to inject hundreds of billions of dollars into the cryptocurrency’s small, illiquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Coronavirus pandemic. The bitcoin-to-dollar Read more…
Just like the traditional stock markets, there’s a similar bloodbath happening in the cryptocurrency market as well. Thursday, March 12, turned out to be the worst day for the crypto markets in 2020. In a massive Bitcoin dumping event, the BTC price came all the way down crashing nearly 48% and moving Read more…