Economics Financial News

18.03 / 13:27

cryptocurrency regulation economics Deal Argentinian Senate Passes USD 45B IMF Debt Deal That Discourages Crypto Use

The Argentinian Senate, the upper chamber of the country’s parliament, has voted to approve a USD 45bn debt deal with the International Monetary Fund (IMF) in a move designed to prevent Argentina’s default.

18.03 / 00:13

business Blockchain economics NOT RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think

On Thursday, the Reserve Bank of India, or RBI, the country's central bank, published a critical bulletin regarding the cryptocurrency industry. While the report praised the innovative distributed ledger technology associated with digital currencies, the RBI dismissed arguments calling for the regulation of such assets and called for an outright ban. RBI's core concerns were related to cryptocurrencies threatening the country's financial sovereignty. The RBI wrote:

17.03 / 23:05

economics BitMEX Bitcoin Reserve end Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes

The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred reserve assets, according to former BitMEX CEO Arthur Hayes.

17.03 / 20:19

Binance SEC economics Bitcoin Elizabeth Warren Strikes Again, Ripple Promises XRP 1B in Grants + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

17.03 / 20:19

Ethereum cryptocurrency economics Bitcoin Future Bitcoin & Crypto Market Rises After US Rate Hike, Future Role of US Dollar in Focus

The price of bitcoin (BTC), ethereum (ETH), and most other cryptoassets moved higher today, after the US Federal Reserve (Fed) yesterday raised rates for the first time since 2018, and a discussion about bitcoin’s role in a future monetary regime re-emerged.

16.03 / 21:15

Ethereum economics Bitcoin Fed Raises Interest Rate by 25 Basis Points in First Rate Hike Since 2018

The US Federal Reserve (Fed) raised interest rates by 25 basis points today, marking the first rate hike in the US since before the COVID-19 pandemic. The increase was in line with what the central bank has long communicated to the market that it would do. (This is a developing story and is being constantly updated.)

15.03 / 20:31

economics Federal Reserve Bitcoin Bitcoin Consolidates as Fed Starts Two-Day Meeting

Bitcoin (BTC) trimmed some of its losses from earlier in the day on Tuesday as market participants turned their focus to the expected interest rate hike by the US Federal Reserve on Wednesday.

15.03 / 19:39

VISA economics Legal Defi Hack Ethereum Co-Founder Raises USD 450M & Bashes Solana, Another DeFi Hack + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

10.03 / 16:59

economics inflation Central Bank US Inflation for February Hits 7.9%, ECB Slows Asset Purchases

US inflation numbers hit 7.9% in February, up from 7.5% the month before, and in line with expectations. Bitcoin (BTC) immediately jumped higher on the news, before later reversing lower again.

10.03 / 14:43

Ethereum cryptocurrency economics Bitcoin Bitcoin, Ethereum Slide, Liquidations Soar as Market Awaits US Inflation Numbers

Bitcoin (BTC), ethereum (ETH), and much of the broader crypto market traded sharply lower today, with liquidations of leveraged long positions amplifying the price drop. The crash comes as the market prepares for yet another high US inflation figure, and follows a jump in prices yesterday after details on an Executive Order on crypto in the US became known.

09.03 / 12:35

Forecast economics banking Financial Could the Ukraine Invasion Spark a Global Financial Crisis?

Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____

08.03 / 17:51

economics Bitcoin reserves Russia Sanctions Means Countries May Transition to Bitcoin Reserves - Pantera’s CEO

Both nation-states and private citizens around the world are likely to find it “very appealing” to keep control of their own money in light of the sanctions placed on Russia, and countries could start transitioning to bitcoin (BTC) for foreign reserves, Pantera Capital’s Dan Morehead has argued.

08.03 / 16:47

economics Bitcoin end Ukraine War Raises Questions About the 'End of Monetary Regime' and Role of Bitcoin

Bitcoin (BTC) “will probably benefit” from a new world monetary order where the US dollar no longer reigns supreme and China’s currency strengthens through the backing of Russian commodities, a report from the major investment bank Credit Suisse predicted, triggering intense debates in the crypto community.

05.03 / 00:47

Blockchain economics Ukraine finds unlikely ally in efforts to bar Russian access to crypto: the Central Bank of Russia

Recently, Ukraine has called for "sabotage" of everyday Russians' crypto assets due to an ongoing war between the two countries. Among many, its European allies have also voiced mounting concerns that Russia may use crypto to bypass Western sanctions.

04.03 / 20:49

MARKET economics Bitcoin Bitcoin Falls on Stronger Dollar, Shows Signs of ‘Maturing as Digital Collateral’

Bitcoin (BTC) kept falling on Friday as the US dollar jumped higher following strong economic data that showed the number of jobs created in the US rose much more than expected.

04.03 / 06:47

Adoption economics Bitcoin Russian crypto volume across major exchanges plunges by 50%

Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions.

03.03 / 19:43

Blockchain Gaming economics Bitcoin Mining Difficulty IRS Comes for Crypto John Does, Bitcoin Mining Difficulty Drops, Complex Apps on Algorand + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

03.03 / 13:57

economics inflation world economy Ukraine War: How Russian Aggression Could Derail the Fragile World Economy

Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, City, University of London._____

02.03 / 20:53

economics Federal Reserve Bitcoin rate hikes Fed Will ‘Proceed Carefully’ with Rate Hikes Despite Ukraine War - Chair Powell

The US Federal Reserve (Fed) will “proceed carefully” with its plan to hike interest rates this year despite the war in Ukraine, with the first hike of 0.25 percentage points still expected at the Fed’s next meeting in March, Fed chair Jerome Powell said during a hearing in Congress today.

01.03 / 18:41

Stablecoin economics Bitcoin analysts Bitcoin Fundamentals vs. Fundamentals of Geopolitics - Analysts on Ukraine War

It’s the second day of Russia’s invasion of Ukraine, with the former moving undeterred by the sanctions imposed by certain Western countries. Among a great number of possible effects that the war could have or may have already had globally, the effect on the crypto industry is being discussed as well.

28.02 / 11:57

economics Central Bank Ukraine war Ruble Russians Ditch Ruble, Central Bank Scrambles as Fiat ‘Destruction’ Looms

Reports on social media claim that citizens in Russian have been spending their cash on luxury items, electronics, and other goods in a bid to dump the ruble before the markets reopen today.

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