Economics Financial News
10.05 / 21:47
Government
Adoption
economics
Banks
S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics
Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details are complex, mainly due to “idiosyncratic events” such as the crypto winter , geography and the industry's short history.
24.04 / 10:11
Adoption
economics
Gold
inflation
Volatility
Backed
Zimbabwe's Central Bank Plans Gold-Backed Digital Currency to Stabilize Local Economy
The central Reserve Bank of Zimbabwe (RBZ) plans to introduce a gold-back digital currency, meant to be used as legal ledger within the country.
15.04 / 00:37
Blockchain
Stablecoin
CBDC
Digital Currency
economics
Flatcoiners should take a cue from TerraUSD's fate
The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk.
05.04 / 12:47
markets
economics
Federal Reserve
interest rate
Bitcoin
Bitcoin Price
Dollar
boost
Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances
On April 4, the U.S. dollar index (DXY), which measures the greenback's performance versus the basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world's largest economy declined.
26.03 / 13:23
business
Government
Blockchain
Technology
Adoption
economics
Bitcoin
How does the economy work?
The economy is a complex system of production, distribution, and consumption of goods and services. Understanding how the economy works can be challenging, but it is essential for making informed decisions about personal finance, investing and public policy.
22.03 / 08:35
Blockchain
Adoption
economy
Report
economics
white house
Bitcoin
‘Crypto FUD’ — Industry outraged as White House report slams crypto
Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets.
18.01 / 15:27
cryptocurrency
Adoption
economics
Financial
Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?
Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system persist.
07.01 / 00:39
markets
economics
Interest rates
Bitcoin
Macroeconomic data points toward intensifying pain for crypto investors in 2023
Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and raising interest rates.
29.12 / 03:57
Government
Blockchain
economics
What to expect from crypto the year after FTX
Cryptocurrency had its Lehman moment with FTX — or, perhaps, another Lehman moment. The macroeconomic downturn has not spared crypto, and as November rolled around, nobody knew that we were in for the collapse of an empire worth billions of dollars.
07.12 / 17:19
business
economy
economics
Banks
fall
Was the fall of FTX really crypto’s ‘Lehman moment?’
The FTX collapse was bad, but how bad? Almost from the moment that the Bahamas-based exchange suspended cryptocurrency withdrawals in early November — and three days before it filed for bankruptcy — the historic comparisons started flying.
24.11 / 22:21
business
economics
5 tips for riding out a downbeat market this holiday season
These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And yet, labor force participation rates — or the proportion of the population that is able to work and is working — have still not recovered to pre-pandemic levels. Furthermore, inflation — as measured by the consumer price index — has surged over the past few years.
12.11 / 23:47
markets
business
economy
economics
5 reasons 2023 will be a tough year for global markets
Those who come bearing warnings are rarely popular. Cassandra didn’t do herself any favors when she told her fellow Trojans to beware of the Greeks and their wooden horse. But, with financial markets facing unprecedented turbulence, it’s important to take a hard look at economic realities.
07.11 / 14:03
Stablecoin
economics
Cash
Southeast Asia and DeFi’s Big Bet on the Unbanked
In one of the more striking early scenes from P.T. Anderson’s 2007 film, There Will Be Blood, there is a gas explosion that destroys the drilling rig set up by oil tycoon Daniel Plainview. Noticing one of his employees observing the situation dejectedly, Plainview rebukes the man, saying: “What are you looking so miserable about? There’s a whole ocean of oil under our feet. No one can get at it except for me!”
04.11 / 23:05
Blockchain
economy
economics
Federal Reserve
Killing
Inflation is killing us; cryptocurrency alone cannot beat it
Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty.
14.10 / 13:37
14.10 / 01:23
business
economics
Crypto users
Crypto users renew calls for Satoshi Nakamoto to win Nobel Memorial Prize for economics
Bitcoin (BTC) enthusiasts on social media platforms have reiterated their annual petition to have the Nobel Memorial Prize in Economic Sciences awarded to Satoshi Nakamoto.
27.09 / 18:03
business
Blockchain
economics
Global think tank suggests blockchain in public finance can help reduce fraud
The Official Monetary and Financial Institutions Forum, or OMFIF, an independent global think tank for central banking and economic policy, has released a report suggesting that blockchain technology in a public finance management system could provide information essential to “formulate and design fiscal policy.”
22.09 / 00:21
markets
business
economics
Interest rates
Jerome Powell is prolonging our economic agony
Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no bones about this one. It is necessary to wreak some havoc on the economy and put downward pressure on the labor markets and wage increases to stop the creep of inflation. Whether you buy into that logic or if you believe — like Elon Musk — that such movements could result in deflation — doesn’t matter.
17.08 / 22:15
Blockchain
Ethereum
defi
economics
Economic design changes will affect ETH's value post-Merge, says ConsenSys exec
As the Ethereum Merge draws near, many are speculating on its economic effects. To provide a clearer view to those who anticipate the major upgrade, Lex Sokolin, the head economist at ConsenSys, shared his insights in an interview with Cointelegraph.
17.08 / 20:19
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