bitcoin Bitcoin Analysis Bitcoin Economics federal reserve Opinion 

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates

Central banks around the world are on a negative rate binge to further a compelling case for bitcoin.. | Source: Shutterstock By CCN Markets: In Denmark, some depositors are now paying the bank to look after their money. In Germany, the 30-year bond yield just went negative. A total $17 trillion of global bonds are now negative and it’s rising at a rate of a trillion a week. On the flip-side, Danish banks will pay you interest to take out a mortgage. Welcome to the bizarre new world of negative…

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Donald Trump Opinion U.S. Politics us-china trade war 

Trump May Not Be President in Time for US-China Trade Deal

With the U.S. and China taking a hard-line stance, Goldman Sachs noted that it’s not expecting a trade deal before the 2020 election. | Source: AFP PHOTO / Brendan SMIALOWSKI Goldman Sachs is no longer confident that a U.S.-China trade deal will be on the table before the 2020 election. Trade tensions between two of the largest global economies took a devastating turn over the last few days. This came after negotiations between the two countries broke down. This is not good news for President Trump. The Trump administration moved…

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Binance bitcoin Bitcoin Analysis Bitcoin Price News Craig Wright Donald Trump Opinion 

Trump Triggered the Latest Bitcoin Price Spike

Binance Research made the specious claim that the that latest bitcoin price spike was caused by President Donald Trump’s tariff rhetoric. | Source: NICHOLAS KAMM / AFP (i), Shutterstock (ii). Image Edited by CCN. Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven assets, after Trump’s latest tariff storm. Will the trade war continue to be a catalyst for…

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Opinion square U.S. Business News 

Stock Market Investors Might Want to Be Greedy & Pile into Square

The stock market just suffered its most brutal week of the year so far, and Square was not immune to the pressure. Did investors overreact? | Source: Shutterstock The two biggest emotions that fuel the stock market are fear and greed. One will send stocks swooning, while the other can create bubbles. But as Warren Buffett famously says, “Be fearful when others are greedy and greedy when others are fearful.” If he’s right, then now’s the perfect time to pile into payments company Square (SQ). In case you didn’t notice,…

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bitcoin Cryptocurrency News Donald Trump Opinion 

Bitcoin is Money! Wall Street Vet Schools Donald Trump after Surprise Tweet

President Donald Trump ruffled many feathers and raised quite a few eyebrows when he took on bitcoin and other cryptocurrencies during one of his characteristic Tweetstorms. Apparently, Trump has a fair idea of what bitcoin is and what it can do, and his tweets make it clear that he is not a fan of cryptocurrencies. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade…

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DOW federal reserve Opinion U.S. Market News 

Dow’s Future Clouded as Ex-White House Official Rules Out July Rate Cut

The Dow Jones and the broader U.S. stock market were in solid form in the first half of 2019 despite geopolitical tensions on several fronts. The Dow and the S&P 500 hit new highs a week ago thanks to the Federal Reserve’s dovish monetary policy outlook.  But former White House communications director Anthony “The Mooch” Scaramucci believes that the Fed doesn’t have reason to be dovish anymore.  In an interview with Fox Business, Scaramucci said: “I don’t think the Fed can cut rates here, given how strong the economy is.”…

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Federal Reserve Bank of St. Louis Opinion U.S. Market News 

Don’t Panic, But This Chart May Foretell a Recession

St. Louis Federal Reserve economist William Emmons has found a data point that supports the case for a Fed rate cut amidst a possible recession down the line. According to the economist in a report: “Data on single-family home sales through May 2019 confirm that housing markets in all regions of the country are weakening. The severity of the housing downturn appears comparable across regions—in all cases, it’s much less severe than the experience leading to the Great Recession but similar to the periods before the 1990-91 and 2001 recessions.”…

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Africa Opinion 

West African Nations Unveil a New Single Currency Without Blockchain

In a potentially risky move, the 15 member nations of ECOWAS – Economic Community of West African States –  have agreed to launch Eco, a “common currency” similar to the method the EU uses. Eco is expected to make its debut in January 2020. In an attempt to create more frictionless trade, West African leaders are hoping to give a much-needed boost to many of the smaller economies in the region. The crypto community was quick to point out that Eco isn’t a digital currency and it is not built…

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bitcoin Cryptocurrency News Opinion 

Popular Analyst Sees Bitcoin Mirroring the 2012 Bull Run

Many traders were caught off guard by bitcoin’s recent ascent past $13,000. Suddenly, however, BTC sharply fell by about 20% after reaching a high of almost $14,000. Many in the Crypto Twitter community were expecting a long consolidation period after BTC dropped by almost 85 percent from all-time highs of $20,000. That’s why some of those who were able to catch the bottom at $3,100 took heavy profits at $6,000, thinking that the market will respect the former resistance. Imagine the look on their faces when the leading crypto token…

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* Opinion Twitter U.S. Politics US Army 

U.S. Army Promotes Toddler in Army Helmet singing “the Army Song”

By CCN Markets: The U.S. Army Twitter account got some mixed reactions from an adorable, but questionable video upload Saturday. The Army’s official Twitter posted a video of a toddler, too young to pronounce a single word correctly, singing “the Army song.” Some of the Twitterati found the video to be totes adorbs. Others questioned whether it promoted violence and war propaganda to children and minors. Ugandan Warlord Joseph Kony was the controversial subject of a viral 2012 video documentary for raising an army of child soldiers. Photo: Stuart Price/AP…

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