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News & Articles By Ramon Tomey
09/24/2021
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By Ramon Tomey
Bitcoin price drops following China’s Evergrande fiasco
The price of bitcoin has fallen following the fiasco involving property developer Evergrande Group. According to CoinDesk, bitcoin’s price has fallen to $43,489 as of Sept. 20. The drop reflects an 8.6 percent fall from its Sept. 17 price. Other digital currencies have also seen price drops – with Ether experiencing a 10 percent fall and […]
09/21/2021
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By Ramon Tomey
US Census Bureau: More Americans became poor in 2020 due to COVID-19 lockdowns
The U.S. Census Bureau (USCB) says in a recent report that more Americans have become poor compared to a record low the year earlier. Its Sept. 14 report also shows significant declines in median income and available jobs. According to the USCB, Wuhan coronavirus (COVID-19) restrictions have wiped out ten years of economic gains within […]
09/09/2021
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By Ramon Tomey
Cryptocurrency will eventually go to ZERO, investor John Paulson warns, saying it’s scarcity “of nothing”
Legendary investor John Paulson warned that cryptocurrencies such as Bitcoin will eventually go to zero. He said this warning during an Aug. 31 appearance in Bloomberg Wealth with David Rubenstein. Paulson gained prominence after he bet against the U.S. housing market – netting him $20 billion at the cost of kick-starting the worst financial crisis […]
09/09/2021
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By Ramon Tomey
El Salvador adopts bitcoin as legal tender to unsteady start characterized by glitches
The tiny Central American nation of El Salvador saw a rocky start on its first day of adopting the bitcoin cryptocurrency as legal tender. The country passed a law in June 2021 mandating its use as legal currency alongside the U.S. dollar. But the first day of the rollout on Sept. 7 hit a roadblock […]
08/02/2021
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By Ramon Tomey
New home sales drop to lowest level since pandemic began as engineered economic implosion spreads
Sales of newly built homes plunged to their lowest level in June 2021, data from the U.S. Census Bureau (USCB) revealed. A July 26 statement by the USCB said new home sales dropped to 676,000 in that month. This was the lowest number of home sales recorded by the USCB since the beginning of the […]
07/23/2021
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By Ramon Tomey
Bitcoin’s 50 percent drop in value hits crypto loans and derivatives
The 2021 Bitcoin bubble is showing signs of deflation, negatively impacting previously optimistic forecasts on the cryptocurrency. Its current trading price of around $31,700 is near the lower end of its range for the past two months. The price also reflects a fall of about 50 percent from its highest prices this past April. Bitcoin’s drop affected a $1.3 […]
07/07/2021
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By Ramon Tomey
States that stopped federal pandemic benefits see rapid job recovery gains
While the Wuhan coronavirus (COVID-19) pandemic saw record levels of unemployment in the United States, several states are now seeing their job markets recover at a faster rate after ending unemployment benefits. Twenty-six states have opted out of the expanded unemployment benefits program ahead of its Sept. 6 expiration, 25 of which have Republican governors. Many economists […]
06/25/2021
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By Ramon Tomey
Businesses lobbying for new round of federal aid as pandemic wanes
A number of businesses badly affected by the Wuhan coronavirus (COVID-19) pandemic are asking the federal government for additional aid to stay afloat. These businesses, which include restaurants, gyms and hotels, claimed coronavirus restrictions caused them to suffer financial losses. Prior to this new tranche of stimulus money, the Biden administration implemented the American Rescue […]
05/18/2021
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By Ramon Tomey
Supply shortages are leading to price hikes, worsening inflation
Economic analysts have raised the alarm bells on possible supply shortages for raw materials. These shortages, alongside logistical hurdles, have forced many firms to warn about a possible price hike. Because of these foreboding signs, many are bracing for possible inflation to occur amid the ongoing COVID-19 pandemic. According to data from JPMorgan Chase & […]
05/17/2021
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By Ramon Tomey
Cryptocurrency scam hits hundreds of small investors
Hundreds of cryptocurrency investors lost all their money in their digital wallets after a cryptocurrency scam. The victims invested in a new cryptocurrency, allowing them to purchase pre-sale tokens through fund transfers. Unfortunately, the fund transfer approvals permitted bad actors to access the victims’ digital wallets – and steal all their money. The affected investors […]
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