finance

Homeowners Can’t Pay: US Lenders Prepare for Catastrophic Real Estate Market

</header> <strong>The coronavirus has managed to seep into every facet of the global economy and it seems nothing will escape its financial wrath. During the last two weeks as unemployment levels have skyrocketed in the U.S.; analysts, economists, and wealth managers have been warning about another subprime mortgage crisis. Most of these observers believe there’s …

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Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

</header> <strong>Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts …

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How to Quickly Cash Out From Crypto to Fiat

</header> <span><strong>There are many reasons why you might seek to liquidate your digital assets into fiat currency, be it to pay a bill, buy a meal, or cover an emergency. When needs must, speed is of the essence; no one has time to wait three days for a bank wire to clear. For those occasions …

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World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

</header> <strong>The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. </strong> Also read: US Cash …

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Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’

</header> <strong>During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of …

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The Multi Trillion-Dollar Stimulus Package: These Are the US Corporations Begging for Bailouts

</header> <strong>The coronavirus outbreak has caused considerable damage to the global economy and this week the U.S. is facing the onslaught of the scare. As Republicans and Democrats battle in congress over a 2020 stimulus plan, corporate industries are leaping at the chance to get a bailout. While the Fed tosses around trillions of dollars, …

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Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight

</header> <strong>In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during the covid-19 scare, U.S. authorities have been dropping regulations on a whim, making it easier on the financial sector. On March 22, the Federal …

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Citigroup Raises Investment in Ethereum-Based Trade Finance Startup

U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo. Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo “to allow the company to continue developing,” while speaking with ConsenSys on March 10. Komgo was launched …

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US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows

</header> <strong>As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit longer to feel the brunt of the financial hardship. As individuals watch the value of their investments fall, economists believe the U.S. housing market will crash to 29-year lows amidst a looming global recession. Lendingtree’s chief economist Tendayi …

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1.2 Million Italians Can Now Buy Bitcoin From Their Bank

</header> <strong>Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech Conio, enabling customers to buy, sell, and securely store <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers being onboarded …

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