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While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes
3.3.2022
Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine...
Customer demand prompts Charles Schwab file for Crypto Economy ETF
3.3.2022
Schwab’s crypto ETF would buy into stocks on its Crypto Economy Index to give investors indirect access to digital assets by investing in businesses that deal with crypto
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike
1.3.2022
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in...
Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack
28.2.2022
The total value locked in decentralized finance (defi) has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week. A number of native assets from the $611 billion worth of smart contract protocols have seen double-digit gains with cypherium...
Executive Leaves Goldman Sachs for Coinbase — Says It’s Time to Embrace Crypto, Create Economic Freedom
26.2.2022
An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is a “once in a lifetime opportunity to be part of building the next stage of the digital...
Ukraine War: How Russian Aggression Could Derail the Fragile World Economy
26.2.2022
Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, City, University of London._____
The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s...
Screw This Elden Ring ‘Treasure Chest’
24.2.2022
I ran into my first Elden Ring trap. It was designed to look like a treasure chest, nestled safely in a low-level area of FromSoftware’s latest action RPG, but it took me on a whirlwind journey through some of the nastier parts of the game’s crumbling world.Read more
Crypto Community Discusses Warfare in Ukraine, Importance of Crypto, and the Future of Bitcoin
24.2.2022
During the course of the early morning trading sessions on Thursday (EST), 24-hour statistics show the crypto economy dropped more than 11% in value against the U.S. dollar. While the leading crypto asset bitcoin shed close to 10%, a myriad of alternative digital assets lost close to 20% in value....
Geopolitical Risk and Ukraine Worries Shake Equities, Cryptocurrencies — Gold Soars Higher
24.2.2022
On Wednesday, global markets have been volatile as Ukraine officials declared a state of emergency amid fears of a Russian invasion. Wall Street’s top indexes shuddered during the day’s trading sessions, and cryptocurrency markets slipped more than 4% during the 24 hour period. On...
El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender
23.2.2022
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government...
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
22.2.2022
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled...
UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards
19.2.2022
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region....
Decentralization revolutionizes the creator’s economy, but what will it bring?
19.2.2022
From NFTs to the metaverse, decentralization is making its way across the creator economy. With the rise of Web3, what lies ahead for creators in 2022?
U.S. inflation breaks 40-year record: Can Bitcoin serve as a hedge asset?
18.2.2022
Many have likened BTC’s anti-inflation properties to those of gold, but there are important differences between the two assets
Ukrainian Parliament Adopts Amended Virtual Assets Law
18.2.2022
Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies...
Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners
17.2.2022
The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining...
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge
16.2.2022
United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on...
President Lukashenko Signs Decree to Create Crypto Wallet Register in Belarus
16.2.2022
President Alexander Lukashenko has signed another decree regulating the crypto economy of Belarus. It envisages the establishment of a register for cryptocurrency wallets and addresses certain legal aspects pertaining to the circulation of cryptocurrencies in the country. Presidential Decree Aims...
St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges
16.2.2022
Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest...
Crypto secures a place in the African American saga
11.2.2022
With its special qualities that can turn users into owners and owners into users, crypto aligns with historic Black aspirations