As many economies slowly begin opening up again, their stability remains uncertain. 2020 will go down in the history books as the year financial markets suffered their worst day since 1987 and oil’s value went negative for the first time. Bitcoin (BTC) continues to increase in popularity across the globe, particularly as emerging markets with populations counting billions begin to recognize its potential. The asset has proven extraordinary resilience in the worst economic crisis of our living time — even overtaking gold as the best performing asset of 2020. The COVID-19 pandemic has pulled the breaks on the world economy, …

President Donald Trump’s nominee for the United States Federal Reserve board of governors is reiterating her advocacy for the gold standard — and adding digital currency into the mix. In an interview on Sunday, Judy Shelton told reporters: “I don’t see it so much as returning [to the gold standard], more like ‘back to the future.’ I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn’t be subject to who’s the chairman of …

The crypto space and market cap is a small percentage of the trillions invested through the global equities market or the amount that the United States Federal Reserve is able to print. While the promise of blockchain technology and the future of Bitcoin (BTC) has been realized through major traditional players unveiling their own versions of the technology, their hesitant investment advice does not seem to match their actions. Real life application Recently, Cointelegraph reported that wealth manager Adam Pokornicky had claimed he almost lost a client to the opinions of the top financial holding companies in the world. Adam …

The Chairman of the United States Federal Reserve, Jerome Powell, recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks as evidence of the need for cryptocurrency. In a Sunday interview that aired on 60 Minutes, Powell spoke to news anchor Scott Pelley, saying the Fed had essentially flooded the economy with money printed in response to the Dow Jones Industrial Average falling in March and investors turning away from U.S. Treasurys. According to Powell, the Fed can print U.S. dollars digitally in addition to creating physical bills: "As a central bank, we have …

Robert Kiyosaki, businessman and best selling author of the book Rich Dad, Poor Dad, has taken to Twitter once again to proclaim his bullish position on Bitcoin. His prognosis? BTC’s price is heading to $75,000 in three years. How Kiyosaki values each asset In a May 16 tweet, Kiyosaki states that his fear of a dying economy has led him to purchase more of three assets that he ostensibly considers valuable outside of the traditional financial system: Gold, Silver, and Bitcoin (BTC). The author’s tweet outlines just how valuable he thinks each asset will be in the coming years. He …

Policymakers around the world have committed unprecedented amounts of fresh money in a bid to stave off an impending recession, or worse: a total depression. In the United States, the Senate approved a $2 trillion stimulus package in late March, and the House of Representatives has now accepted a proposal from House Democrats for another $3 trillion meant to ease the needs of Americans who are facing an unemployment rate of nearly 15%. As a response to COVID-19, the Federal Reserve has undertaken a wave of quantitative easing unparalleled in its history. As the monetary body responsible for managing the …

The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal Reserve. In a televised address on May 13, Jerome Powell said that for all the damage done to the U.S. and global economy this year, the culprit was coronavirus — not governments or central banks. Powell: “No bubble, no unsustainable boom” “The current downturn is unique in that it is attributable to the virus and the steps taken to limit its fallout,” Powell summarized. This time, high inflation was not a problem; …

Bitcoin (BTC) has only just completed its “hardening” — but fiat currency is already getting even “easier” as money after a historic move by the United States central bank. As the Federal Reserve confirmed in a press release on May 11, the bank is about to finally launch its corporate debt exchange-traded fund, or ETF, buying programs. ETF buys to start imminently Known as the Secondary Market Corporate Credit Facility, or SMCC, and Primary Market Corporate Credit Facility, or PMCCF, the two vehicles will start work “in the near future.” Announced in March as markets tumbled over the coronavirus, the …

The United States Federal Reserve could be the next central bank to take up previously unthinkable negative interest rates. That was the opinion of the ex-president of the Minneapolis Fed, who on April 24 argued that interest rates, already at lows of 0.25%, should fall further — even if they cannot. Kocherlakota: Fed “should” fight recession with negative rates “Unprecedented situations require unprecedented actions,” Narayana Kocherlakota wrote for Bloomberg. That’s why the U.S. Federal Reserve should fight a rapidly deepening recession by taking interest rates below zero for the first time ever. Negative rates essentially mean that banks must pay …

The current pandemic is far from over and the economic, political, and social ramifications of this crisis remain unclear. Indeed, the nature of the workplace people return to might well be radically different to what previously existed. During an online panel session, hosted by Cointelegraph’s Stephen Chase, fintech pioneers debated how the Coronavirus could act as a catalyst for change in people’s attitudes towards working, technology, and online payments. Given the 24/7 nature of cryptocurrencies, all the panelists had remote working policies in place prior to the COVID-19 outbreak, so the immediate disruption was minimal. When asked which sectors were …

On April 21, Cointelegraph hosted its first virtual Cointelegraph Talks meetup. The event consisted of two expert panels discussing major news and developments in the crypto world today, especially in light of the COVID-19 pandemic. What we heard on Greenback 2.0 The panel tackling the subject of a United States central bank-backed digital dollar, featured guests with backgrounds in crypto, software, finance, legal and monetary policy. Morgan Ricks is a professor at Vanderbilt Law and lead author of a paper on FedAccounts for digital dollars that helped shape recent bills proposing such accounts as a way to distribute COVID-19 stimulus. …

Morgan Creek Digital co-founder and partner, Anthony Pompliano, expressed his view that the U.S. Federal Reserve may not quite be what it seems. His statement came in response to Robert Kiyosaki’s own claims about the Federal Reserve. “Robert's belief that the Federal Reserve is not a bank, not federal, and has no reserve is directionally correct,” Pomp told Cointelegraph when asked of his own opinions on Kiyosaki’s claims about the Fed. “This is an important point to make sure that people understand as they pursue a deeper understanding of how the economy and money works,” Pomp added. The Fed is …