Central Banks, Stablecoins and the Looming War of Currencies

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and impacting global investors. […]

Continue Reading

Dow Feasts on Apple Rally, But Tariff Delay Won’t Fix Trump’s Trade War

The Dow enjoyed a delicious rally as major compontent Apple soared, but the tariff delay won’t solve Trump’s trade war dilemma. | Source: AP/Richard Drew By CCN Markets: The Dow and broader U.S. stock market shot higher on Tuesday, bucking a dismal start to the trading day after the Trump administration announced it would delay […]

Continue Reading

Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The global economy faces its biggest crisis in 11 years. In theory, this should be bitcoin’s […]

Continue Reading

Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are […]

Continue Reading

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with […]

Continue Reading

Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again. That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous southwestern provinces […]

Continue Reading

Dow Leaps Higher as Chinese Stock Market Closes Best Day in 3 Years

The Dow and overall U.S. stock market surged on Monday after President Trump confirmed that he would extend trade negotiations with China and hold off on a planned tariff hike early next month. Dow Extends Bullish Revival; S&P 500 & Nasdaq Follow All of Wall Street’s major indexes reported gains at the beginning of the […]

Continue Reading

Dow Smashes Through 26,000 as Trump & China Sing Kumbaya

The Dow and U.S. stock market rebounded sharply on Friday, as President Donald Trump prepared to greet China’s top trade negotiator following a week of negotiations in Washington. Dow Roars Back to Life All of Wall Street’s major indexes reported gains on Friday and were on track for weekly increases. The Dow Jones Industrial Average […]

Continue Reading

Tesla Starts Selling the Cheaper Model 3 in China [But Import Duty and Other Costs Still Makes it Expensive]

Tesla has begun taking orders for a cheaper version of the Model 3 in China. The electric car maker will now start selling the Model 3 Long-Range rear-wheel drive version marked at $64,400, Reuters reports. This is significantly cheaper than the Model 3 Performance which was already available in China starting at $83,000. In the United […]

Continue Reading

No US Recession for at Least 5 Years: OppenheimerFunds Investment Boss

There’s no fear of an economic recession within the next five years, so everyone anxious about bearish projections should calm down. That’s the advice of Krishna Memani, the chief investment officer at OppenheimerFunds. Memani says the US economy is slowing down a bit, but it will still increase north of 2%. Moreover, Memani says that fears […]

Continue Reading