#Economic Crisis of 2020

Economic crisis of 2020 - the main events in the cryptocurrency and stock markets. How the digital economy is developing under a global economic crisis.

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ForkLog 7 26.03.2021

Soros Family Office Says Economic Crisis Drives Interest in Bitcoin

Bitcoin could have remained a minor asset if not for the pandemic and the ensuing global economic crisis. Dawn Fitzpatrick, the chief investment officer of Soros Fund Management, said this in a Bloomberg commentary.

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ForkLog 9 29.12.2020

Opinion: The U.S. stock market awaits a crash reminiscent of the dot-com bust

The U.S. stock index, the S&P 500, hit a record as the trailing profits of its component companies fell to their lowest since 2009. According to analyst Michaël van de Poppe, this divergence between stock prices and the real economy signals the beginnings of a bear market.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 12 21.12.2020

US Congress approves $900 billion economic stimulus package

On Sunday, December 20, the leaders of Democrats and Republicans in the U.S. Congress managed to agree on a new $900 billion economic stimulus package to counter the effects of the COVID-19 pandemic. A vote on it will take place on December 21, CNBC reports.

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ForkLog 27 15.12.2020

Despite the pandemic and crisis, how the Bitcoin industry attracted investment in 2020

The cryptocurrency industry continues to grow and develop, despite the COVID-19 pandemic and the slowdown in activity in traditional sectors of the economy. This is evident, among other things, in venture-capital activity. ForkLog examined who funded whom in 2020, and, most importantly, for what purpose.

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ForkLog 5 23.11.2020

Sean Ono Lennon Praises Bitcoin’s Resilience to Political Turmoil

Sean Ono Lennon, son of The Beatles member John Lennon and Yoko Ono, praised Bitcoin's ability to weather political crises.

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ForkLog 13 03.11.2020

Eximchain, the $20 million blockchain project, announces closure.

The Eximchain team will halt development of the platform due to a lack of funding.

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ForkLog 30 28.08.2020

Winklevoss Brothers Predict Bitcoin at $500,000

Founders of Winklevoss Capital and the Gemini crypto exchange Tyler and Cameron Winklevoss believe bitcoin price could cross the $500,000 mark. They are confident that bitcoin outperforms gold, oil, and the US dollar as a store of value and is the only long-term hedge against inflation.

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ForkLog 14 27.08.2020

Bitcoin falls as Powell signals readiness to push inflation higher

Bitcoin price fell by more than 2% to $11,200 after Powell's speech. CNBC reported that he signaled the Fed's readiness to allow inflation to rise above the 2% target.

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ForkLog 8 20.08.2020

Canadian restaurant chain Tahini’s converts all fiat reserves into Bitcoin

London, Ontario-based Middle Eastern restaurant chain Tahini’s has converted fiat assets into Bitcoin amid the economic fallout from the COVID-19 pandemic.

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ForkLog 6 19.08.2020

Dollar at two-year lows as hedge funds switch to shorts

The dollar fell to its weakest level since April 2018 against a basket of six other reserve currencies. For the first time since May 2018, hedge funds have shifted to a net short on the U.S. dollar, signaling a continuing downtrend, according to Bloomberg.

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ForkLog 248 17.08.2020

Coronavirus crisis and markets: has Bitcoin finally proven its status as a safe-haven asset?

ForkLog presents the quarter’s results—GDP dynamics, stock indices, and gold and Bitcoin prices—along with forecasts for activity recovery and macro indicators returning to pre-crisis levels.

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