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Solana proposal to cut inflation rate by up to 80% fails to pass


A proposal to dramatically change Solana’s inflation system has been rejected by stakeholders but is being hailed as a victory for the network’s governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem...

Solana proposal to cut inflation rate by up to 80% fails to pass


A proposal to dramatically change Solana’s inflation system has been rejected by stakeholders but is being hailed as a victory for the network’s governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem...

Powell’s Legacy, the Ethics of ‘Doxing’, and Uptober or Rektober


This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Inflation, Memecoin drama, the SEC, and More...

Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI


The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin...

Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse


Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation...

Nigerian Firms Forecast Further Naira Depreciation


A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking...

Bitcoin Inflation Rate At An All-Time Low


Bitcoin's inflation rate has reached a new milestone, recording an all-time low of approximately 1.74%, just days after the latest Bitcoin halving.  The post Bitcoin Inflation Rate At An All-Time Low appeared first on Cryptonews

Fed Chair Powell Says US Government Is on ‘Unsustainable’ Fiscal Path


Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence....

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