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Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’
2.8.2022
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry...
The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020
1.8.2022
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from...
Do Kwon, Terraform Labs Face Class-Action Lawsuit for Allegedly Selling Unregistered Securities
30.7.2022
While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May...
Positivity blazing through a bear market: Blockchain Economy Istanbul 2022
30.7.2022
The Blockchain Economy Istanbul 2022 summit made one thing clear: The positivity of the crypto ecosystem remains unfazed by the turbulent market shakeouts
Crypto’s Slide Hasn't Bled Into the 'Real Economy,' IMF Official Says
29.7.2022
Antonio Garcia Pascual, deputy chief of the global market analysis division at International Monetary Fund, joined CoinDesk TV to discuss why the crypto contagion hasn’t really spilled over into other markets
IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation
29.7.2022
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will...
3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’
28.7.2022
BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap
Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’
28.7.2022
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth
28.7.2022
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2...
Health and Fitness App Sweat Economy Raises $13M in Private Token Sale to Move to Web3
28.7.2022
The company is teaming with NEAR Protocol to support the move
Decentralized storage providers power the Web3 economy, but adoption still underway
28.7.2022
Decentralized storage providers are proving to be the backbone of Web3, but what does this mean for centralized web service providers?
UK National Crime Agency Seizes $33 Million in Cryptocurrency
28.7.2022
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’
27.7.2022
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes...
Russia Gears Up to Regulate NFTs Through Legislative Amendments
27.7.2022
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital...
Japan Ministry of Economy launches Web3 policy office
26.7.2022
The new body will bring together the financial regulators and creative industries to formulate the policies in the Metaverse
Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition
25.7.2022
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite...
Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’
25.7.2022
Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going, or we’re going to have a serious problem.”...
Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency
24.7.2022
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve...
Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator
24.7.2022
Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem
23.7.2022
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypto market action and insights. The 46-page report explains how the Terra...