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Nalezeno "EU economy": 2103

US Fed Reserve Banks State Stablecoins Could Inject Instability in Economy


The United States Federal Reserve Banks of Boston and New York have published a data-driven report that delves into the potential impact of stablecoins on the broader economic landscape. In the 49-page report titled "Runs and Flights to Safety: Are Stablecoins the New Money Market," stablecoins...

Reddit Might Pay You For Your Best Posts, But Not Much


Social site Reddit, which hosts some of the internet’s largest gaming communities, is now handing out a little bit of cash for good posting. As announced in a September 25 blog, Reddit has a new Contributor Program, and it’s made changes to “gold” upvotes, which it temporarily removed earlier this...

Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm


The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...

Record $307 Trillion Global Debt Puts World Economy on Alert


In the first half of 2023, global debt increased by $10 trillion, reigniting concerns about its impact on the world economy and the potential for a financial crisis, according to data released by the Institute of International Finance (IIF) on Tuesday.  The report disclosed that the overall debt...

Stablecoin Ecosystem Holds Firm Despite Lackluster Activity


The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion. Stablecoin Market Shows Resilience...

Schiff Family Divide: Economic Doomsday vs. AI-Powered Prosperity


While the gold bug and economist Peter Schiff insists the U.S. economy will experience a financial crisis of epic proportions, his son Spencer continues to espouse a diametrically opposed view of the future. Spencer Schiff is an ardent supporter of artificial intelligence (AI), and in recent times...

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