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Crypto community eyeing three macro events to tip crypto scales in July
5.7.2022
Despite the gloomy macro forecasts, some of crypto’s leading pundits view the recent macroeconomic-catalyzed crypto market crash as an overall positive sign for the industry
Ethereum price breaks out as 'bad news is good news' for stocks
24.6.2022
Ether has rebounded by nearly 40% in the last six days despite persistent "bull trap" risks
Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years
25.5.2022
A new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years....
Crypto Trading Volume Falls for Sixth Month, US GDP Disappoints + More News
28.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Trading Volume Falls for Sixth Month, US GDP Disappoints + More News
Singapore’s Q4 and 2021 GDP Deal Positive Surprise to Markets
3.1.2022
The Singapore economy for the fourth quarter added around 3% to the GDP of the country. This is widely considered a positive growth as the world is currently preparing for another potential pandemic. Singapore records such a growth just as the new variants of the virus are spreading at a faster...
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
28.10.2021
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in...
US Senator Lummis Thanks God for Bitcoin as Congress Discusses Raising Debt Ceiling
17.10.2021
U.S. Senator Cynthia Lummis said, “Thank God for bitcoin,” during her speech to the Senate about raising the U.S. debt limit. “Bitcoin is not issued by a government, so it is not beholding to the debts that are run up by governments,” she explained. US Senator...
Russian Blockchain Experts Are Offered Almost x5 the National Average Salary
14.9.2021
ww.reuters.com/article/russia-economy-gdp/russian-economy-grows-10-5-y-y-in-q2-its-strongest-leap-since-2000-idUSR4N2PJ028">reported, the Federal State Statistics Service (Rosstat) released quarterly data showing that the Russian economy had actually grown by a staggering 10.5% year-on-year for
Countries representing over 90% of global GDP are exploring CBDCs
25.7.2021
Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahead and has plans to implement digital-yuan usage during the 2022 Winter Olympics in Beijing
Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’
26.5.2021
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains...
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
14.5.2021
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important...
UAE minister of economy: Crypto & tokenization “key” to doubling GDP
7.4.2021
A government-run token exchange could be on the horizon for the United Arab Emirates
Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4
20.11.2020
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September....
Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy
29.10.2020
The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?
First Mover: Bitcoin Falls as Covid Surges, ECB’s Lagarde Steps Up, US GDP Hits 33%
29.10.2020
The enthusiasm jolt from bitcoin's ascent toward $14K ran into realism, and options traders see low probabilities of a new price record this year
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...
Five Blockchain Use Cases Might Boost Global GDP by USD 1.76T - PwC
13.10.2020
Driven by need for trust in digital world, blockchain technology is expected to boost global gross domestic product (GDP) by more than a trillion dollars, estimated professional services network PwC, and will do so through five major use cases.
PwC's latest report, titled "Time for trust:...
Blockchain can add $1.76 trillion to global GDP by 2030, says report
13.10.2020
A PwC report estimates that blockchain technology will make up 1.4% of the global economy
Blockchain Can Give $1.7T Boost to Global Economy by 2030: PwC Report
13.10.2020
A new PwC report claims blockchain technology can add $1.7 trillion to the global economy by 2030, with the Asian continent standing to benefit the most
Covid-19 hits Japanese Q2 GDP by 28.1%
8.9.2020
According to the revised figures, the Japanese GDP is shrinking from quarter to quarter. On Tuesday morning, the final readings from the cabinet office revealed that the second quarter annualized Gross Domestic Production (GDP) of Japan was confirmed at -28.1 percent (from an estimation of -28.5...