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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

<header class=”article__header”> </header> <strong>In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession.</strong> Also Read: Money …

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Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

</header> <strong>In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and …

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Trump demanded retraction after NWS disputed his false hurricane claim

Enlarge / President Donald Trump displaying a doctored forecast map at the White House on September 04, 2019 in Washington, DC. Getty Images | Chip Somodevilla The White House pressured the National Oceanic and Atmospheric Administration into backing President Trump over weather forecasters who disputed Trump’s incorrect claim that Hurricane Dorian would likely strike Alabama, …

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DOJ launches probe of automakers that agreed to California emissions rules

Sponsored Links Marcos Assis via Getty Images The US Department of Justice (DOJ) has launched an antitrust investigation into BMW, Ford, Honda and Volkswagen, the four automakers that came to a voluntary agreement with California to follow stricter fuel efficiency standards. After The Wall Street Journal broke the news, Ford and Honda confirmed they plan …

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Market Update: Economists Envision Global Recession While Crypto Prices Soldier On

<header class=”article__header”> </header> <strong>Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards …

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Trump tries to overturn ruling stopping him from blocking Twitter users

Sponsored Links MANDEL NGAN/AFP/Getty Images President Trump is determined to challenge an appeals court ruling preventing him from blocking critics on Twitter. The Justice Department has filed papers for Trump that demanded a rehearing by the Second US Circuit Court of Appeals in New York, arguing that the three-judge panel’s unanimous decision was “fundamentally misconceived.” …

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Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?

<header class=”article__header”> </header> <strong>There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic blockchain talking points, and acceptance of crypto donations. But it remains to be …

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Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The global economy faces its biggest crisis in 11 years. In theory, this should be bitcoin’s …

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Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices

<header class=”article__header”> </header> <strong>A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think the recent spike in crypto prices …

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How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy

</header> <strong>On July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual observers were left confused. Are we talking about crypto or biological weapons of …

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