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There is little doubt that Bitcoin and other cryptocurrencies are in the process of making a comeback. Bitcoin stands at almost $9,300, closing in on the $10,000 rebound level investors have been looking for in 2020. Moreover, the year is just over halfway game. Although there are definitive signs that the ice is beginning to […]

Fears of an economic hit from COVID 19 have driven the price of the safe haven asset to a nine-year high. The price of gold rose to more than $1,800 an ounce this week for the first time in nine years. Available data shows that investors have stashed a record amount of cash into funds […]

The global economic engine is still staggering from the slowdown caused by COVID 19. It is still not clear just how damaging the pandemic really is. Restrictions have been placed on border freedoms, trade, import-export, as well as financial movements. Many businesses, regardless of size are having to face up to absorbing losses or ceasing […]

Bloomberg has recently released its commodity index and outlook, which shows some support for Bitcoin. The report went on to say there is reason to believe future commodity prices, with the exception of Bitcoin and gold, will continue on a downward path. Although Bitcoin is not a commodity, it is included in the June 2020 […]

In tandem with Wall Street, Bitcoin prices tumbled late last week. Bitcoin prices fell to a price close to $9,100, a drop of almost 6.4 percent, rekindling the often-debated issue of Bitcoin’s use as a store of value. At the same time that Bitcoin dropped, the S&P 500 index of larger U.S. stocks also lost […]

The world is trying to deal with the effects of a pandemic. As well as the pandemic, the US is also facing racial strife and political upheaval. Nevertheless, even with all this chaos, the stock market continues to rise. Although this is 2020, the year somewhat echoes the events of 1968. Both years, 1968 and […]

Digital payment systems are not new to Chinese shoppers. They find moving from shop to shop in Beijing or Shanghai with a smartphone app such as Alipay a lot easier than carrying a purse or wallet filled with Yuan notes. The Chinese government has recently embarked on a pilot program for a digital version of […]

Since Bitcoin halved in early May, the cryptocurrency has struggled to break over the $10,000 level. This is something that could be about to change. Since early 2020, the price of Bitcoin has gone up by about 30 percent. It is currently on track to be the best performing asset of this year. An anonymous […]

Better than expected economic data, optimism over the reopening of the country, and hopes for a coronavirus vaccine all combined to drive stocks up earlier in the week. Although the S&P 500 closed at 2991.77, it represents an increase of 1.23 percent. The index did break 3000 earlier in the day. New COVID-19 Developments  Companies […]