IMF

India's Minister of Finance and Corporate Affairs Nirmala Sitharaman reiterated the country's negative attitude towards cryptocurrencies such as Bitcoin (CRYPTO: BTC) during a recent International Monetary Fund (IMF) panel. What happened: Local news outlet Outlook India...

An Arizona Senator has proposed making Bitcoin legal tender in the state, which could make it the first state to do so in the United States. Here are the details. What Happened: Arizona State Senator Wendy Rogers, a  Republican, has introduced legislation that would make Bitcoin (CRYPTO:...

The International Monetary Fund (IMF) criticized Bitcoin (CRYPTO: BTC) and warned Salvadorans to rethink the idea. What happened: On Jan. 26, the IMF warned the citizens of El Salvador about crypto adoption which recently saw a couple of dissenting replies from Salvadorans, Decrypt reports. A...

Former intelligence contractor Edward Snowden took aim at the International Monetary Fund (IMF) for dishing out advice to El Salvador on its use of Bitcoin (CRYPTO: BTC) as legal tender. What Happened: Snowden tweeted to his 5 million followers on Monday that “Somebody sounds nervous”...

International Monetary Fund (IMF) executive board members urged El Salvador authorities to drop Bitcoin's (CRYPTO: BTC) adoption, warning there could be dire consequences for the nation if it keeps using the cryptocurrency. What Happened: In a Tuesday report, the...

According to TradingView data, Bitcoin (CRYPTO: BTC) plunged by nearly 19% on Tuesday from the day's high of almost $53,000 to a low of under $43,000.  This marks the first day Bitcoin became legal tender in El Salvador, the first country to adopt crypto as a...

What Happened: A recent report from the International Monetary Fund (IMF) states that cryptocurrencies pose more risks than benefits when it comes to adopting it as legal tender. In a recent blog, IMF officials Tobias Adrian and Rhoda Weeks-Brown concluded that attempting to make...

Blockchain alone, as well as bitcoin, lacks a utility component. That’s according to David Mass, the Inventor of Benchmark Protocol, an uncorrelated, liquid, collateral utility. After a career focusing on blockchain application at institutional banking and consultancy firms, Mass leveraged...

The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...

The Last Week In A Nutshell What Happened: “The S&P 500 is up 1.3% month-to-date (through June 25), but has struggled to push higher as it moves towards its previous peak,” said Lindsey Bell, chief investment strategist for Ally Financial, Inc-owned (NYSE: ALLY) Ally Invest. “...

International trade could contract 27% in the second quarter as the pandemic ravages global industries, according to the United Nations Conference on Trade and Development.  “Assuming persisting uncertainty, UNCTAD forecast indicates a decline of around 20% for the year 2020,”...

After rallying yesterday, the market seems to be in a more somber mood this morning as signs of the economic toll from the pandemic continue to mount. Oil prices pulled back amid worries about demand from a global economy that the International Monetary Fund said is heading to its worst recession...

As U.S. investors returned to their desks to begin a holiday-shortened week, they were facing some concerns that seemed to be eating into the optimism that led stocks to record highs last week. The deadly coronavirus outbreak in China brought back memories of the economic repercussions from the...