Crash in China caused cryptocurrency market to collapse

3 weeks ago
Crash in China caused cryptocurrency market to collapse

The cryptocurrency market plummeted early Sunday. The total market capitalization of cryptocurrencies worldwide collapsed by $310 billion in less than 24 hours. The market shrank to $1.9 trillion (it was $2.2 trillion) as a result of the collapse. By Sunday morning, the market had risen slightly to $1.95 trillion, but the price of bitcoin was … Read more

Bitcoin creator in the top 20 richest people in the world

3 weeks ago
Bitcoin creator in the top 20 richest people in the world

According to a recent ranking of Forbes, Satoshi Nakamoto, a person or group of people who created the cryptocurrency bitcoin, entered the top 20 richest people in the world. Nakamoto’s fortune has exceeded $61 billion, putting him ahead of even the famous businessman and politician from the United States, Michael Bloomberg. According to various estimates, … Read more

Fed chief: U.S. economic recovery is far from over

2 months ago
Fed chief: U.S. economic recovery is far from over

The recovery of the U.S. economy hit by the pandemic coronavirus is not yet complete, the head of the country’s central bank told lawmakers. “The economic recovery remains uneven and far from over, with the way forward seeming very uncertain,” Federal Reserve Chairman Jerome Powell told the Senate Banking Committee. “While there has been significant … Read more

Adidas intends to sell Reebok

3 months ago
Adidas intends to sell Reebok

Adidas will sell Reebok for $1 billion as part of a restructuring of its business. German sports apparel company Adidas plans to sell its inefficient Reebok brand — some 15 years after Adidas acquired the Boston-based brand to help it compete in the U.S. market — as part of a strategic plan to strengthen its … Read more

Bitcoin price exceeded $50 thousand for the first time

3 months ago
Bitcoin price exceeded $50 thousand for the first time

On Tuesday, February 16, the value of the cryptocurrency bitcoin for the first time in history crossed the $50,000 mark. This is evidenced by data from the portal CoinDesk. The world’s most popular digital currency continues to break records after U.S. billionaire Ilon Musk announced that his company Tesla has invested $1.5 billion in it. … Read more

Harvard professor doubts bitcoin’s prospects

3 months ago
Harvard professor doubts bitcoin's prospects

According to Kenneth Rogoff, bitcoin is just a bubble and is unreasonably overpriced. Bitcoin, which is often advertised as a savings vehicle or hedge asset, has become widespread over the past few months. But Kenneth Rogoff, a professor of public policy and economics at Harvard University, doubts the asset’s success, writes CoinTelegraph. “I see Bitcoin … Read more