Economy Financial News

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.

10.03 / 08:49

Stablecoin regulation economy Federal Reserve Financial Systems US Fed to create new crypto team amid concerns about unregulated stablecoins

The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the Fed of “unregulated” stablecoins.

04.03 / 06:19

business cryptocurrency economy US Bitcoin Bitcoin Down Weekly Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down

The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy.

25.02 / 18:57

cryptocurrency economy G20 RBI G20: Some members said crypto ban should be considered, says RBI Governor Das

Some members of the G20 said during this week's discussions that a complete ban on crypto should be considered, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

25.02 / 14:51

cryptocurrency economy G20 G20: Ban on crypto emerges as possibility as countries see need for regulation

Finance ministry officials and central bankers from G20 countries are seemingly in agreement when it comes to the regulation of crypto assets, with a complete ban on them also on the table.

12.02 / 06:25

Law Adoption regulation economy IMF El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, suggests IMF

El Salvador has been advised to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets by the global monetary watchdog.

04.02 / 06:09

business Blockchain economy Job Filecoin Bitcoin Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.”

31.01 / 21:51

Adoption Latin America economy South America Opinion: Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency?

“Good ideas out of context are like shiny objects lost in a dark field,” American writer Seth Godin once said. “They catch your attention, but have no real utility.”

27.01 / 10:05

Adoption Trading economy Bitcoin Bitcoin Price Matrixport US institutions account for 85% of Bitcoin buying in 'very positive sign' — Matrixport

Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist.

24.01 / 17:15

Blockchain defi economy World Economic Forum Davos TradFi TradFi and DeFi come together — Davos 2023

Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World Economic Forum holding more workshops and sessions for the sector in 2023. These were major themes seen by the Cointelegraph team as they covered the action throughout a busy week in Davos, Switzerland. In a late-night recording session, the team recapped everything readers need to know about the week for the new Decentralize With Cointelegraph podcast.

23.01 / 09:25

business Blockchain economy FTX BTC Markets Bitcoin Bitcoin Price Bitcoin price surge Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in

While Bitcoin (BTC) has experienced a price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at least in the short to mid-term.

16.01 / 16:35

Blockchain economy Sustainability play Ushering in a new era of Web3 gaming by making Play-to-Earn sustainable

While 2021 will primarily be remembered for the explosive price appreciation seen across crypto assets and NFTs, blockchain gaming also saw a rapid expansion in user adoption and blossomed into taking up more than 50% of all activity across the blockchain industry.

13.01 / 22:55

Blockchain Ethereum economy What is regenerative finance (ReFi), and how does it impact NFTs and Web3?

In many countries, millions of people clack basic equitable access to the financial services that would allow them to meet their daily needs.

12.01 / 00:05

Blockchain economy Gaming open A new generation of P2E games is here, and it's open to everyone

When Axie Infinity launched in 2018, play-to-earn gaming became a sensation. The game turned into a viable source of additional funds for numerous low-income families in the Philippines. However, as Axie Infinity grew and took over the global blockchain-gaming space, the rewards ratio quickly started dwindling.

02.01 / 16:47

business economy Banks TradFi Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession

The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year.

24.12 / 02:15

economy Bitcoin Dollar Global Trade Economic frailty could soon give Bitcoin a new role in global trade

The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving as the primary global reserve currency, currently accounting for about 40% of global exports.

13.12 / 13:23

business cryptocurrency economy Government gets Rs 60.46 crore tax from TDS on virtual digital assets

The government on Tuesday said an amount of Rs 60.46 crore has been received in tax from entities for transactions in virtual digital assets (VDAs), including cryptocurrencies, since the introduction of TDS provisions in July.

10.12 / 23:35

markets Investments economy Bitcoin 5 tips for investing during a global recession

The economy is facing an outlook bleaker than a Welsh weather forecast, and few are rushing to buy risk assets. Here are a few tips for weathering unfavorable market conditions.

09.12 / 17:43

cryptocurrency CBDC economy RBI Risk making wrong norms for crypto without more data: RBI Deputy Governor Rabi Sankar

Initiatives to gather data on crypto need to be undertaken quickly before any regulations are formed so that "wrong set of prescriptions" are not issued, a top Indian central banker has said.

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.

07.12 / 13:07

cryptocurrency CBDC economy India cenbank says digital currency transactions to stay largely anonymous

Transactions via central bank digital currencies (CBDCs) would remain anonymous "to a certain degree", a top official at the Reserve Bank of India (RBI) said on Wednesday, adding that technology and legal provisions can be explored to ensure that anonymity.

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