Central Banks

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

Is Bitcoin Becoming A Safe Haven After All?

Source Node: https://medium.com/@thecryptoconsultant/is-bitcoin-becoming-a-safe-haven-after-all-1be6a61f1175?source=rss-------8-----------------cryptocurrency
Time Stamp: April 9, 2020 3:27 AM - Modified On: May 21, 2021 - Published By:
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Questions are raising, after central banks flood markets with rescue money.Central banks in the US and EU are putting together rescue packages to deal with the corona crisis that is currently infecting stock markets around the world with panic. While the measures largely fizzle out, Bitcoin is recovering without any help at all. Was it too early to write off Bitcoin as a lifeboat?Is the big wave still coming? (Photo by Jeremy Bishop on Unsplash)If you have already dealt with Bitcoin, you certainly know: the maximum number of Bitcoins is

Tim Draper Suggests COVID-19 Pandemic Could Be Bitcoin’s Tipping Point

Source Node: https://insidebitcoins.com/news/tim-draper-suggests-covid-19-pandemic-could-be-bitcoins-tipping-point/257242
Time Stamp: April 8, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:
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The 2020 stock market crash was triggered by the coronavirus pandemic that has affected two of the biggest economies in the world, the US and China, the most. Now that the number of infections and deaths is rising in the US, Bitcoin’s status must be tested too.Tim Draper talks BitcoinThe US economy may need as much as $7 trillion+ in bailouts to continue sustaining. Longtime Bitcoin bull Tim Draper said that this could give cryptocurrencies and other emerging technologies a chance to flourish. He talked specifically about Bitcoin and smart

Tim Draper: Pandemic Could Be The Tipping Point For Bitcoin

Source Node: https://cointelegraph.com/news/tim-draper-pandemic-could-be-the-tipping-point-for-bitcoin
Time Stamp: April 7, 2020 8:46 PM - Modified On: May 21, 2021 - Published By:
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The global spread of the coronavirus played a major role in the dramatic 2020 stock market crash. The bailout bill for saving the world’s economy is $7 trillion and rising fast. Bitcoin bull Tim Draper believes this confluence of factors may be the tipping point that allows innovations such as Bitcoin and smart contracts to flourish.In an interview on April 6, the global venture capital investor said he was skeptical about the government’s infinite money printing bailout plan and said it would take years before that money “permeates” the global

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,

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

Source Node: https://coinfomania.com/deutsche-bank-bitcoin-center-of-all-currencies/?utm_source=rss&utm_medium=rss&utm_campaign=deutsche-bank-bitcoin-center-of-all-currencies
Time Stamp: April 7, 2020 8:44 AM - Modified On: May 21, 2021 - Published By:
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As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19

Max Keiser: Selling Bitcoin Now for ‘Fiat Debt-Coupons’ Is a Crime

Source Node: https://cointelegraph.com/news/max-keiser-selling-bitcoin-now-for-fiat-debt-coupons-is-a-crime
Time Stamp: April 7, 2020 6:48 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself.That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7. Dixon: “World’s largest regulated Ponzi scheme” is dyingDiscussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst.“I don’t want to be dramatic, but

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-6-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 6, 2020 4:06 PM - Modified On: May 21, 2021 - Published By:
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During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies.The sharp selloff on March 12 was a good example of panic and the sharp correction was quickly followed by a phase of cherry-picking by long-term investors. Since bottoming out on March 13, most major cryptocurrencies have rebounded

Bank of Korea Launches Experimental Trial for National Cryptocurrency

Source Node: https://coinfomania.com/bank-of-korea-experimenting-cryptocurrency/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-korea-experimenting-cryptocurrency
Time Stamp: April 6, 2020 5:15 AM - Modified On: May 21, 2021 - Published By:
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The central bank of South Korea has announced the launch of its Central Bank Digital Currency (CBDC) pilot project to determine the requirements of issuing a government-backed cryptocurrency in the future.  According to a report by Yonhap today, the trial which commenced last month is a 22-month program focused on the technological and legal provisions needed to launch a CBDC. The Bank of Korea (BoK) believes the possibility of issuing a CBDC in the future is slim because of the increased demand for fiat currencies, the competitive nature of the global