Economy Financial News
30.11 / 12:29
23.11 / 13:39
21.11 / 13:29
business
economy
Cinema
'Worst winter of our lives': Ukrainian capital prepares for cold and dark times ahead
The situation in Ukraine's capital and other major cities has deteriorated drastically following the largest missile attack on the country's power grid on Tuesday.
21.11 / 13:29
business
economy
Cinema
Indonesia earthquake: '46 dead and 700 injured' as 5.6 tremor strikes main island of Java
Dozens of people are feared dead and some 700 injured after an earthquake shook Indonesia's main island of Java on Monday, damaging buildings and sending people scrambling for safety.
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.
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.
07.09 / 20:37
markets
economy
inflation
Bitcoin
Bull run
2024
What will drive crypto’s likely 2024 bull run?
Decentralized finance (DeFi) has seen tremendous growth since its inception, expanding by more than 1,200% in 2021 in total value locked (TVL) and surpassing $240 billion in invested assets. While DeFi has since dropped to around $60 billion TVL as a result of wider macroeconomic trends, such as rising inflation, the seeds are in place for DeFi to reconfigure the foundations of our financial infrastructure when the next market cycle comes.
27.08 / 23:55
Adoption
economy
inflation
NOT
Crypto will become an inflation hedge — just not yet
Cryptocurrencies present a unique solution, given their lack of a central governing bank. You can’t lose trust in something that doesn’t exist. Its supply is finite, so it naturally appreciates in value. People using a blockchain with proof-of-stake protocols can access their funds at any time, while continuously earning staking rewards on their current balance. This means that the actual value of annual percentage yield is tied to the economic activity on the chain via its treasury and staking reward distribution mechanics. Those properties seem to address the cause of inflation in the traditional monetary systems — but some roadblocks remain.
16.08 / 19:03
Investments
economy
Gold
Bitcoin
Worried about inflation's impact on your retirement savings? Invest in cryptocurrency
Around the world, personal financial stress is peaking. A recent study in America found that more than three in four people feel anxious about their financial situation. This is seeding anti-risk mentalities and prompting fears around the safety of long-term savings, including retirement funds.
08.08 / 19:39
markets
economy
Federal Reserve
Bitcoin
Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?
The U.S. Federal Reserve (FED) recently initiated an attempt to reduce its $8.9 trillion balance sheet by halting billions of dollars worth of treasuries and bond purchases. The measures were implemented in June 2022 and coincided with the total crypto market capitalization falling below $1.2 trillion, the lowest level seen since January 2021.
29.07 / 11:38
markets
NASDAQ
economy
Bitcoin
3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’
Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near-10.5% surge that began a day earlier.
28.07 / 12:43
business
economy
inflation
Recession
What do shrinkflation, skimpflation and stagflation mean and are they worse than inflation?
Have you been out to your favourite restaurant, only to discover the food wasn’t quite as good or the portions were much smaller? Or even eating at home has become more expensive as the supermarket shop adds up?
18.07 / 10:11
cryptocurrency
economy
RBI
Finance Ministry
Support
RBI seeks ban on cryptos but India needs global support to make that effective: FM Sitharaman
The Reserve Bank of India (RBI) has recommended to the government that it should frame regulations for cryptocurrencies and prohibit them.
23.06 / 05:23
cryptocurrency
economy
week
GST council to consider sales tax on cryptocurrency next week
An Indian ministerial panel will meet next week to discuss a goods and services tax on cryptocurrency transactions, people with knowledge on the matter said.
20.06 / 20:42
regulation
education
economy
Bitcoin
Market crash
play
Why the crypto market crash may play in Bitcoin's favour
Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency.
09.06 / 14:17
economy
Recession
Slash
Fast grocery delivery apps slash jobs after COVID lockdown boom
Is the sugar rush over for cash-guzzling fast grocery delivery services? Late last month, two of the largest grocery delivery apps, Getir and Gorillas, announced plans to sack hundreds of their employees.
10.05 / 20:45
Blockchain
economy
Gaming
Metaverse
Connecting blockchain with the real economy is this gaming platform’s goal
Blockchain-based gaming has exploded in the last year. As technology continues to transform how users interact with digital assets, gaming has been at the center of all of the action. We have seen the rise of blockchain games without the need for traditional gamers. However, the existing gaming communities are an essential part of the future of gaming. A South Korean gaming company Wemade, the creator of the WEMIX platform, recognizes that blockchain game developers must bring the entire gaming community into the fold when enhancing the overall gaming experience.
12.04 / 13:45
cryptocurrency
economy
Money
Bitcoin
Reserve
Cryptoverse: Is Bitcoin about to become a reserve currency?
A crypto platform's pledge to amass $10 billion (€9.2 billion) worth of Bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown Bitcoin as the reserve currency of a new age.
11.04 / 07:37
Art
NFT
economy
Artists
Content creators introducing a new paradigm with NFTs
Nonfungible tokens (NFT) have created an environment where artists can take control of their work and finances. Experts agree that artists and creators that tokenize their work and issue it as NFTs no longer have to deal with third-party intermediaries.
01.04 / 09:45
cryptocurrency
economy
Bitcoin
30% tax on cryptocurrency income to come into effect from today
Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from April 1, the beginning of the new financial year.
30.03 / 19:57
economy
Central Bank
Interest rates
Bitcoin
Standard
Why the rise of a Bitcoin standard could deter war-making
Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars.
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