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Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
23.1.2023
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian...
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
9.1.2023
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate...
2022 in Review: ViaBTC Capital Gathers Momentum and Delivers Win-win Results
3.1.2023
PRESS RELEASE. As financial markets worldwide confront major challenges, the crypto market has remained sluggish in 2022. Meanwhile, along with the slowing global economic growth, the crypto market has also entered a prolonged bear period. Despite the continued sluggishness of crypto this year,...
Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook
28.7.2022
Pierre-Olivier Gourinchas is the Economic Counsellor and the Director of Research of the International Monetary Fund (IMF).
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The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a major concern....
Read More: Global Economic...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $20,000 as U.S. Consumer Confidence Plunges
29.6.2022
Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin...
PM Says Web 3 Is an Opportunity for Japanese ‘Economic Growth’
27.5.2022
The Japanese Prime Minister has spoken to the nation’s parliament about Web 3, claiming that it will spark economic growth – a further indication that pro-business legal reform could be on the cards in the nation.
The Japanese media outlet CoinPost reported that the PM, Fumio Kishida, made...
LBank and Adanian Labs Kickstarts a ‘Crypto Accelerator Program’ in Kenya
8.5.2022
PRESS RELEASE. The blockchain ecosystem is growing exponentially. It has brought prosperity to most African countries by creating wealth for individuals and fast economic growth for their people. However, many believe that the region is yet to tap into its full potential, that is, leveraging...
Survey: Cryptocurrency Adoption to Grow Significantly This Year in Latam
26.3.2022
A new cryptocurrency-related survey presented by Sherlock Communications highlights the growth that Latam countries are expected to experience this year, due to the particular traits the region has compared to other areas of the world. The results of the survey make projections that see crypto...
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
5.7.2021
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time...
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
10.1.2020
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not...
Blockchain Can Boost Economic Growth in Emerging Economies: Ex RBI Governor Raghuram Rajan
7.11.2019
Former eminent governor of Reserve Bank of India, Dr. Raghuram Rajan, said here on Thursday that technology such as blockchain and digital assets can play a significant role in boosting economic growth, raising financial inclusion, and transforming businesses in emerging economies all across...
Why the Birth of Bitcoin Can Be Traced Back to 1971
1.9.2019
The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite...
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?
1.7.2019
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive...
New Zealand Prioritises Wellbeing Over Economic Growth with $2.5 Billion Budget
30.5.2019
As far as revolutionary budgets are concerned, there have been plenty of them over the years, but it seems New Zealand has outdone itself by announcing a budget that is going to have a larger focus on mental health issues and poverty alleviation. In this regard, it is necessary to point out that...