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India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit


In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty


Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that...

Argentineans Rush to Tether After Economy Minister Resigns


Residents of Argentina rushed to bid up the price of the popular stablecoin tether (USDT) in local fiat terms over the weekend after news broke that the country’s minister for the Economy had resigned. According to data from CriptoYa, a data provider that tracks crypto prices from Latin American...

We Now Understand How Little We Understand About Inflation – Fed’s Powell


The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said. Speaking at the European Central Bank’s (ECB) Forum on Central Banking...

Evolution of Enterprise Blockchain into Real-World Utility and Use Cases


  Johannes Schweifer is the CEO and co-founder of blockchain infrastructure company CoreLedger.  __________ While the market sentiment may be bearish, these times become an opportunity for builders and innovators to focus on how to drive meaningful progress with blockchain technology.... Read...

Russian Ministry of Finance Says There’s No Place for Crypto in Oil Trading


  The Russian finance ministry has cast doubt on talk of the nation selling oil for crypto – but claims that blockchain-powered tokens could play an “alternative” role in the business dealings of smaller-scale exporters.... Read More: Russian Ministry of Finance Says There’s No Place for Crypto...

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