Economics Financial News
27.02 / 10:53
economics
UK
Russian Rubles Could Become 'Worthless' as Allies Target Central Bank After SWIFT Move
After the EU, Canada, and the US agreed to remove selected Russian banks from the SWIFT messaging system, the Russian Central Bank is to be targeted next, which could make rubles "close to worthless."
25.02 / 22:07
economics
Central Bank
banking
Ruble
Russian Central Bank Ramps up USD Exchange Rate as Ruble Run Worries Mount
Russia’s Central Bank is desperately trying to avoid a run on the fiat ruble in response to incoming sanctions measures from the EU, the United States, and their allies. And as the Ukraine crisis deepens, the bank has unleashed yet more extreme measures – which may eventually include freezing citizens’ foreign exchange funds.
25.02 / 15:05
economics
Bitcoin
Bitcoin, the Ukraine Crisis and the Central Bankers Dilemma
James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares.
24.02 / 16:55
economics
European Commission
EU Unlikely to Push for Russia to Be Removed from SWIFT - Diplomats
Despite Russia launching a full-scale invasion of Ukraine, the war’s outbreak has not yet convinced the European Union to push for the aggressor to be kicked out of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) global payments network -- a move that would drastically undermine Russian trade with foreign partners.
24.02 / 15:08
cryptocurrency
economics
Bitcoin
With War Starting and Markets Dropping, Questions Multiply About Central Banks’ Policies
As bitcoin (BTC) and crypto markets in general have gone down over the past day and week, amid the escalating tension between Russia and Ukraine, sanctions imposed on the former, and today’s invasion of the latter – more questions keep popping up about the EU and the US central banks’ upcoming decisions.
23.02 / 22:07
Ethereum
economics
BitMEX
Bitcoin
As Inflation Is Here to Stay, Bitcoin, Ethereum, and Gold Investors Will Win, But Brace for Volatility - BitMEX
The US Federal Reserve (Fed) aims to get inflation down with its interest rate hikes this year. Longer-term, however, inflation might still remain as the winner, with bets on bitcoin (BTC), ethereum (ETH), and gold expected to pay off. But until then, volatility could flush out even the most dedicated crypto holders, crypto exchange BitMEX warned.
22.02 / 12:33
Europe
economics
Coronavirus
recovery
Supply Disruptions Add to Inflation, Undermine Recovery in Europe
Kristalina Georgieva is Managing Director of the International Monetary Fund (IMF), Oya Celasun is Assistant Director in the European Department and leads the surveillance of the German economy, and Alfred Kammer is the Director of the European Department at the IMF.
18.02 / 14:27
cryptocurrency
economics
BitMEX
inflation
Demand for High-Yield Crypto Savings Products to Surge, BitMEX Predicts
Demand for savings products that yield far higher returns than what can be achieved in traditional markets is expected to surge, as more people realize that inflation is eating away at their savings, crypto derivatives exchange BitMEX has said in a new report.
18.02 / 12:13
cryptocurrency
economics
Canadian Gov’t Says It Has Frozen Crypto-Related Bank Accounts – and Will ‘Freeze More’
The Canadian government is going ahead with its controversial moves to end the “truckers’ protest” over COVID-19 restrictions that has brought much of the nation to a standstill – by freezing bank accounts and sharing crypto addresses with financial institutions in an effort to cut off protesters’ access to their own funds.
17.02 / 17:37
economics
Federal Reserve
inflation
How Raising Interest Rates Curbs Inflation – and What Could Possibly Go Wrong
Rodney Ramcharan, Associate Professor of Finance and Business Economics, the University of Southern California.________
17.02 / 16:57
cryptocurrency
economics
inflation
Bitcoin
Inflation Is 'Huge Danger' as the US Government 'Overdid It a Little' - Charlie Munger
While Berkshire Hathaway’s Vice Chairman Charlie Munger continues to voice his usual criticism of crypto, he also warns that inflation "is a very serious subject, you could argue it is the way democracies die" and "a huge danger."
11.02 / 18:41
cryptocurrency
economics
Bitcoin
week
Crypto Market Braces for Volatile Week Ahead of Fed’s ‘Emergency Meeting’
The US Federal Reserve (Fed) is set to hold an unscheduled meeting on Monday to discuss interest rates, described by some as an “emergency meeting” and others as a fairly “regular occurrence.” Regardless, the Fed’s unexpected notice has sparked debate in the crypto community over whether the central bank would announce a rate hike -- and if so, how high, and how many of them would there be this year.
11.02 / 12:33
Adoption
economics
Bitcoin
Lira
Turkey (Unintentionally) Builds Case for Bitcoin as It Plans to Convert Citizens' Gold to Lira
The Turkish government is working on plans to get its citizens to hand in ‘under the mattress’ gold in its latest scheme to prop up the value of its national currency, the lira. But according to some, the country would have been much better off had it just embraced bitcoin (BTC).
10.02 / 23:51
Government
Blockchain
economics
Bitcoin
'One currency change every generation,' how monetary skepticism spearheaded cryptocurrency adoption in Czechia
Czechia, a country of 10.7 million people in Central Europe, is known for its beautiful capital (Prague), rich history, and good beer. Within the last decade, however, one can now add cryptocurrency adoption to that list. In fact, the Trezor wallet, the first cryptocurrency hardware wallet in the world, was invented here in 2014, and is still going strong. Its parent company, SatoshiLabs, has expanded into creating secure chips for electronic hardware via Tropic Square and advancing cryptocurrency education via Invity.
10.02 / 20:55
economics
us government
Federal Reserve
Reserve
US Federal Reserve bank at the helm of CBDC research effort appoints new president
The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.
10.02 / 16:55
Ethereum
economics
Bitcoin
Drop
Bitcoin, Ethereum Drop as US Inflation Jumps More Than Expected
Prices of bitcoin (BTC) and ethereum (ETH) fell today as traders feared more aggressive monetary policy tightening after the US Consumer Price Index (CPI) showed that inflation in the world’s largest economy has reached 7.5% year-over-year, coming in well above analysts’ expectations.
02.02 / 11:51
cryptocurrency
Adoption
economics
Bitcoin
Another Case for Bitcoin as Lebanon Reportedly Targets Depositors’ Fiat
Lebanon allegedly plans to forcibly convert foreign currency holdings to its floundering pound (LBP), once again building a case for Bitcoin (BTC).
01.02 / 14:55
economics
stocks
Federal Reserve
Central Bank
Low
Support
Low Real Interest Rates Support Asset Prices, But Risks Rising for Market
Nassira Abbas is a deputy division chief in the Global Markets Monitoring and Analysis Division of the Monetary and Capital Markets Department at the International Monetary Fund (IMF). Tobias Adrian is the Financial Counsellor and Director of the IMF’s Monetary and Capital Markets Department._____
28.01 / 15:35
economics
Bitcoin
Here’s How the Ukraine Crisis Might Impact Bitcoin and the Crypto Market
A crisis is brewing. As we type these words, Russia is conducting military exercises along its border with Ukraine, while the United States has put some 8,500 of its own troops on alert, just in case an eastern European war erupts.
27.01 / 21:27
27.01 / 18:49
Ethereum
economics
Bitcoin
Crypto Markets Trim Losses, US Dollar Rises as Traders Digest Fed Statement
Major cryptoassets including bitcoin (BTC) and ethereum (ETH) trimmed some of their losses from the aftermath of yesterday’s US Federal Reserve statement, with prices rising during the European trading hours on Thursday. Meanwhile, the US dollar extended a rally from earlier, breaking through key resistance levels on the way up.
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