Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis

Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets in order to save their economies. Data shows that the U.S. owns the biggest stockpile of gold reserves and the Federal Reserve could very well unload the bullion in times of extreme financial stress. Also read: Homeowners Can’t Pay: US Lenders Prepare for…

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

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 no doubt the real estate market will collapse again, as economists understand that the loss of jobs, wages, and severe reduction of business activity has devastated the American economy. Also read: US Real Estate in Jeopardy…

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Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Increase

India is currently under a nationwide lockdown due to the coronavirus outbreak. News.Bitcoin.com talked to executives of local cryptocurrency exchanges to find out the impact of the lockdown on cryptocurrency trading. They revealed that more people are actually trading cryptocurrencies on their platforms since the lockdown began. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed More People Trading Cryptos Since the Lockdown The Indian crypto community has been rebuilding ever since the supreme court lifted the RBI ban. Then, in response to the covid-19…

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Mobikwik to Offer 100 Million Indian Users Cryptocurrency Trading Via Buyucoin Integration

Mobile payment platform Mobikwik, which has about 107 million users in India, is reportedly integrating with Delhi-based cryptocurrency exchange Buyucoin. News.Bitcoin.com talked to the CEO of the crypto exchange to find out how Mobilkwik users could buy and sell cryptocurrencies within the Mobikwik app. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It Mobikwik’s Integration With Buyucoin Delhi-based cryptocurrency exchange Buyucoin is integrating with Mobikwik, a leading digital financial services platform in India. Mobikwik claims to have a network of over 3 million direct…

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Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners

The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will be regulated. However, the bill’s adoption has been delayed due to the coronavirus pandemic. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Work on Russia’s Cryptocurrency Regulation Completed Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, has confirmed…

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Cointext Cofounder Unveils BFP Encrypt – Send Encrypted Data to Bitcoin Cash Addresses

Vin Armani, the cofounder of Cointext, has announced the launch of a Javascript library that allows people to send encrypted data to addresses on the Bitcoin Cash (BCH) network. A BCH private key can decrypt the data, and when Armani released the Javascript package, the developer stressed that he felt “a sense of urgency” to get this tool into the hands of the public. Also read: Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin BFP Encrypt We currently live in a world with overreaching governments and the covid-19 crisis has…

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Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending

A lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance to gambling, and darknet purchases as well. The researcher’s study highlights that the covid-19 environment has “brought about a significant change” by impacting crypto-based spending habits. Also read: Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin Covid-19 Effects on the Global Economy Caused a…

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Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash

Developers from the organization General Protocols have announced the launch of a synthetic derivatives platform built on Bitcoin Cash. The project Anyhedge aims to be the first decentralized finance (defi) protocol on any branch of Bitcoin and the platform will launch in cooperation with Cryptophyl’s new non-custodial exchange, Detoken. Also read: Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years Decentralized Finance on Bitcoin Cash Bitcoin Cash fans were recently introduced to a decentralized hedge solution against arbitrary assets on the BCH network. Similar to other…

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Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin

The number one show on Netflix in the U.S. right now is a television series called “Tiger King: Murder, Mayhem and Madness,” and American audiences are eating it up like candy. While the docuseries costar Joseph Maldonado, aka “Joe Exotic,” spends 22 years behind bars, costar Carole Baskin is still the owner of the Big Cat Rescue sanctuary. In fact, the controversial Baskin and her Tampa-based zoo, Big Cat Rescue, accept cryptocurrencies for donations. People can donate digital currencies like BTC, BCH, and ETH to help prevent the trend of…

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Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners

The Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite the coronavirus crisis Spain is facing. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It Tax Authority Sending Letters to Crypto Owners Despite the coronavirus pandemic and rising death toll, the Spanish tax authority, the…

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