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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A Vaccine's Six Points of Economic Impact

A coronavirus vaccine could impact several areas, such as global trade and inflation.

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First Mover: What’s Next for Bitcoin as Wall Street Gets Vaccine Booster

Crypto markets could turn on a shift in economic policies as U.S. President-Elect Joe Biden's transition team starts to meet.

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Bitcoin Sell-Off Accelerates amid US Stock Downtrend; Crash Ahead?

Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11,263 as of around 0900 UTC, suggesting that it could correct further lower in the US trading […]

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Here’s How Stock Market Turbulence Could Crush Bitcoin Short-Term

Bitcoin has been trading in close tandem with equities throughout the past several days Heightened correlation to risk-on assets is a common BTC trait during times of immense global turbulence Although this strikes a blow to its safe-haven narrative, the cryptocurrency still has a long way to go before it fully decouples with the traditional markets This global economic turbulence that is weighing on Bitcoin may only get worse as the year drags on and […]

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Economy Begins to Bounce Back as Unemployment Falls

August unemployment fell to under 10% for the first time since the spike at the beginning of the COVID crisis. The current rate of 8. 4% could be a signal that the economic recovery is well on its way.

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Fed Chair Powell’s Jackson Hole Speech Could Hint at US Dollar’s Future

Fed Chair Jerome Powell's speech Thursday at the annual Jackson Hole Economic Symposium highlights how much has changed over the past year.

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Tether Could Be Enabling Capital Flight From China, Says Chainalysis

The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult.

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Skyrocketing Debt Is Creating A Economic Problems; ‘Worst in my Lifetime’ Says Legendary Investor, Jim Rogers

James Beeland Rogers Jr. , a marquee trader, and investor said in an interview with The Economic Times that the extreme debt offered around the world could see the worst economic downturn in his life yet.

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Short Squeeze Possible for U.S. Dollar but Future Remains Bleak

Bets that the dollar will continue to decline have become a popular trade in recent days. Due to the worldwide economic woes, short positions against the dollar have grown substantially over the past four months, leading some to believe that positions could be squeezed.

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LEND Rallies Another 20%; Here’s Why It Could Hit a Record High

LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0. 485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year.

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Goldman Sachs Says U.S. Dollar Could Lose Its Status of World’s Reserve Currency, Bullish on Gold

Coinspeaker Goldman Sachs Says U. S. Dollar Could Lose Its Status of World’s Reserve Currency, Bullish on GoldGoldman strategists said that the fragile economic condition, with interest rate at an all-time low, and the uncertain political scenario, have added to the instability of the USD showing signs of real concerns for it to continue as the world's reserve currency.

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?The Fed Continues to Set the Stage for Bitcoin?s Next Bull Run?: Tyler Winklevoss

The Fed is readying to roll out more economic stimulus, and Tyler Winklevoss believes that it could trigger the next Bitcoin bull run

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Recovery Setback?

The rebound in economic activity that began in the second quarter could be hamstrung by a resurgence in COVID-19, slowing or stalling the nascent recovery.

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The Bahamas Edges Closer to Hurricane-Proof Digital Currency

The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery.

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Blockchain Could Help to Boost Global Jobs Creation

The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain.

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Bitcoin is in a ‘Consolidation Zone,’ We’ll Move to $14,000 Once BTC Gets Above $10k: Mike Novogratz

Bitcoin is about system change, said Mike Novogratz, CEO of Galaxy Digital, in his latest interview with Barron’s Carleton English. While talking about the catalysts that could propel the price of Bitcoin higher, he shared how a revolution is going on between black lives matter and people looking for economic injustice, and COVID-19 pandemic has […]

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How a Fragile Monetary System Could Influence Bitcoin in the Coming Months

The economic events seen throughout 2020 have helped Bitcoin secure its position as both a currency and a store of value. To thwart the effects of immense economic turbulence resulting from the ongoing pandemic, central banks across the globe have been printing money at an unprecedented pace.

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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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