Dow Crashes as Moody’s Reveals 16 Fatal Recession Triggers

Dow, Dow Futures, Dow Jones

The Dow Jones Industrial Average (DJIA) dropped 236 points on Wednesday. Ratings agency Moody’s issued a ‘recession triggers’ chart with 16 high-risk events. The European Central Bank (ECB) also issued a warning over global growth. The Dow Jones Industrial Average (DJIA) plunged 236 points on Wednesday, extending a second day of weakness on the stock … Read more

European Central Bank Runs Out of Ammo to Stop Eurozone Recession

European Central Bank

“Whatever it takes.”  That’s the mantra of Mario Draghi and the European Central Bank (ECB) as they slashed interest rates yet further into negative territory on Thursday. The ECB cut the base rate to -0.5% and unleashed another aggressive bond-buying program (€20 billion) in a bid to stimulate the eurozone economy.  But as the eurozone … Read more

ECB Policymaker Looks to Hasten Crypto Rules amid Facebook’s Libra

ecb, libra

In light of Facebook’s upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable framework for crypto projects. According to Coeure in Southern France, where an economic conference is taking place, the growth of the crypto industry is exposing the flaws of the existing … Read more

Bitcoin No Threat Yet but Crypto ‘Phenomenon’ Needs Monitoring: European Central Bank

ECB, Crypto, Bitcoin

By CCN.com: The European Central Bank (ECB) has found that crypto does not pose risks to financial stability in the Eurozone. The central bank does recommend, however, that European legislatures create a uniform approach to crypto-assets. Crypto Market? Too Small to Matter, ECB Says The ECB has set up an advisory committee called the Crypto-Assets … Read more

Bitcoin ‘Highly Risky,’ Not a Real Currency: ECB’s Mario Draghi

dow jones falls as mario draghi sparks recession fears

By CCN.com: A student asked European Central Bank (ECB) President Mario Draghi about his stance on Bitcoin. Draghi told the student that cryptocurrencies are not currencies, but “highly risky” assets. Mario Draghi: “Who Is Behind the Cryptocurrencies?” By loading the tweet, you agree to Twitter’s privacy policy.Learn more Load tweet Always unblock Twitter Tweets The … Read more

ECB Unveils Instant Payment System, Claims It’s ‘Better’ than Blockchain

And from a central bank no less. The world is just recognizing the countless applications of blockchain technology, not to mention the speed, security and simplicity at which transactions can be completed, and Yves Mersch of Luxembourg has suggested he’s got something that can run circles around it. Mersch, an executive board member of the … Read more