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Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile
12.7.2020
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe...
Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacelle
7.7.2020
A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts
2.7.2020
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts....
8 Crypto and Blockchain Firms That Are Hiring Right Now: July Edition
29.6.2020
It would be an understatement to say that the jobs market has had a rough 2020. But despite ongoing economicContinue Reading
The post 8 Crypto and Blockchain Firms That Are Hiring Right Now: July Edition appeared first on CoinMarketCap Blog
8 Crypto and Blockchain Firms That Are Hiring Right Now: June Edition
29.6.2020
It would be an understatement to say that the jobs market has had a rough 2020. But despite ongoing economicContinue Reading
The post 8 Crypto and Blockchain Firms That Are Hiring Right Now: June Edition appeared first on CoinMarketCap Blog
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
Welcome to the Groundhog Day Economy (PS, It Sucks)
27.6.2020
As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again
EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief
26.6.2020
The planned regulatory regime could include stricter rules for projects deemed "global stablecoins," a subtle reference, possibly, to Libra
Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC
25.6.2020
Sweden's central bank just released a massive report on central bank digital currencies
WEF Says Complete Blockchain Overhaul Unlikely
23.6.2020
The WEF's blockchain project lead said the technology has its place, but likely will not takeover as the underpinning of all systems
First Mover: As US Stocks Defy Economic Gravity, Bitcoiners Shudder at March Memory
18.6.2020
With the global economy in deep water amid the coronavirus crisis, some cryptocurrency analysts are starting to wonder if a correction in U.S. stocks might prompt another "Black Thursday" crash
Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion
17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...
World Economic Forum Suggests Fighting Corruption With Blockchain Tech
17.6.2020
A new World Economic Forum study has revealed how blockchain technology can be used to prevent corruption in public procurement
Colombian Government and WEF Weigh Public Ethereum in Bid to Fight Corruption
17.6.2020
The World Economic Forum (WEF) is working with the Colombian government to see if blockchain-based transparency can help prevent a hotspot for corruption
WEF Hopes to Stamp Out Corruption With Colombian Blockchain Trial
17.6.2020
The World Economic Forum looks at blockchain as a solution against foul play in government processes
Chainlink, MakerDAO Honored as World Economic Forum ‘Tech Pioneers’
17.6.2020
The World Economic Forum has recognized six blockchain companies on its list of 100 Technology Pioneers for 2020
Gemini Join Black Lives Matter, will Provide Economic Support to Organizations Helping Black Community
16.6.2020
The Black Lives Matter Campaign is doing rounds across the globe and several positives have come out of it. Celebrities from various sections of the society have come forward in support of the campaign, demanding immediate and comprehensive reforms to end the oppression of the black community...
Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market
11.6.2020
Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.” Russian Ministry...
Trump Predicts US Economy to Recover by 2021 — Fed Chair, Economists Disagree
7.6.2020
President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a “misclassification error.” Officials say the numbers are artificially low, and Federal Reserve Chairman Jerome Powell and several...