Brexit May Send the EU “Down the Drain”, Good For Bitcoin
The Vice-Chancellor of Germany has stated that the future of the EU might be in jeopardy if Brexit is not handled properly. Sigmar Gabriel said that, if the United Kingdom’s exit caused other countries to follow suit and leave the Union, that would cause the EU to go “down the drain.” He told a news conference that Brexit had damaged Europe’s reputation, causing the continent to become regarded as being unstable. The UK Prime Minister Theresa May is currently weighing the country’s options regarding the exit vote, while her cabinet remains split on leaving the single market. A last chance....
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If the Deutsche Bank were to collapse - which seems inevitable right now - they would impact every other financial institution on the planet. The global ramifications would be so widespread; the world whole would be pushed into recession again. The Brexit is raising a lot more questions than we have answers at this time. Despite turmoil on the stock and fiat currency markets, there is no significant altercation to speak of. The so-called Brexit “fear’ has not materialized yet, albeit this could be a period of the calm before the storm. At the same time, the IMF is pointing at Deutsche Bank....
The founder and CEO of Starling, a digital bank, has expressed her views stating that EU laws have helped to shape the U.K.’s FinTech sector, but she fears that the result of Brexit could see the sector stalling. Anne Boden, who set up Starling in 2014, praised the EU by saying that it had come up with ‘very good payment and banking legislation,’ according to a report to the Financial Times. She said: I know the traditional banks don’t always like it, but if you look at it from a competition and innovation point of view, and especially for the development of fintech, then European....
Brexit is the abbreviation for “British exit,” and it has come to mean two things: the UK’s departure from the European Union; and the June 23rd “in or out” British referendum on leaving. How will the vote affect bitcoin and gold? Where Things Stand. No one knows what will happen with currencies or politics. Wild speculation is driven by the apocalyptic....
Another bitcoin price hike is in the books following the unexpected Brexit. At press time, bitcoin has started a recovery and is now hovering around $655 USD. Bitcoin and Brexit. Bitcoin was doing quite well last week, having surpassed the $700 without much trouble, but ironically, things took quite a plunge at the same time that the UK voted to leave the EU. Actually, the two appear to be directly linked. The Brexit is affecting trading across the globe, even if they don’t seem related. For example, bitcoin trading is at its highest in China. At present, the country is responsible for....
After the Halving and the Brexit Bitcoin remained stable. On the other hand, the pound sterling has been experiencing high levels of volatility. The much anticipated Halving (Reduction in half of the reward given to bitcoin miners) and the Brexit (the exit of the UK from the European Union) are two important events that happened in the middle of this year. Both events brought a lot of speculations, and if we take a look at the behavior of both currencies after these two events, we will note that after the Halving and the Brexit Bitcoin remained stable. On the other hand, the pound sterling....