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Monday, 21 September 21:33 (GMT -05:00)



Business And Politics News

Donald Trump Influences Bitcoin Exchange Rate


Shortly after President Trump finished explaining how he was going to depress the ongoing riots in the United States, the BTC exchange rate exceeded the 10K threshold for the first time since May 7th. It's interesting to note that this is note the first time Trump's speech is affecting the exchange rate of the world first cryptocurrency.
 
Donald Trump Declares War On Anarchists
 
As you probably know, the current riots started after George Floyd's death. Apparently, President Trump was indignant at the incident as well. However, he believes that they cannot let the crowd in rage destroy everything around them. He is convinced that the biggest victims of the riots are peaceful people, which is something that should not be the case. He also an advocate and defender of peaceful protests. 
 
At the same time, he is also convinced that the riots were started by anarchists, robbers, criminals, and Antifa. Basically that is why he says he has been doing his best to restore the security and depress the violence in the United States, even if it requires mobilizing all kinds of resources, including the military ones.
 
Basically, it was his speech that made the BTC exchange rate increase all the way up to 10000 dollars per coin and even higher. And it happened roughly 15 minutes after Donald Trump eded his speech.
 
Summer 2019 and Trump's Fault
 
Around a year ago, in July 2019, we could witness a similar event. On July 13th and 14th, Bitcoin dropped by 15% and the next day the price tested the 10000 threshold trying to move below it. it was the lowest point of the month. International experts say that it was Donald Trump who triggered this plunge by criticizing Facebook's Libra.
 
In particular, back then, he shared his posit on Twitter, saying that he was not a fan of Bitcoin and other cryptocurrencies because those were fake money, helping with financing terrorists and other criminals, not to mention their weak foundation.
 

 

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Raygan's Former Advisor Accuses the Fed of a Big Fraud

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

U.S. Labor Market Disappoints, Economy Slows Down

The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.

Publication date: 06 August 10:06 AM

iPhone as a Payment Terminal: Apple Bought a Startup For That

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.
Publication date: 05 August 09:27 AM

China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM

USA May Take Steps To Support National Economy After COVID-19 Pandemic

Publication date: 07 March 08:15 AM

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM