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The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History
4.12.2019
Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame...
‘In Small Steps’ China Cuts Benchmark Interest Rates
1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...
Founders of Crypto AM and World Mobile Chain, Plans to Unlock Global Digital Economy in Africa
1.12.2019
In an interview on the sidelines of the AIBC summit in Malta, Crypto AM’s founder James Bowater, and World Mobile Chain’s Founder & CEO Micky Watkins shared their intention on how they plan to usher in the communication technology in Africa. They spoke at length about their wish to drive...
German Banks Authorized to Store and Sell Cryptocurrency in 2020
29.11.2019
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...
Erol User Emphasizes the Role of Blockchain in Circular Economy
25.11.2019
The concept of the circular economy lies at the heart of sustainable development. The closed-loop of a system consisting of raw materials, processing components, and products is one of the cornerstones of the successful circular economy. In order to promote and encourage people to embrace this...
Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies
19.11.2019
Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American...
International Law Enforcement Conference Addresses Crypto and the ‘Criminal Economy’
15.11.2019
The 2019 National Proceeds of Crime Conference (NPOCC) held in Brisbane, Australia from November 13-15 addressed “Globalisation and Digitisation of the Criminal Economy,” and featured 200+ delegates hearing from representatives of organizations such as the Australian Federal Police...
Germany Barely Avoids Recession, Economy Remains Stagnated
15.11.2019
The German economy, the largest and most influential in Europe, narrowly missed falling into recession last quarter. But with quarterly GDP growth averaging a little over 0% since the third quarter of last year, the Old Continent’s economic powerhouse is facing stagnation. Also read:...
Wyoming’s New Crypto Banking Law Could Defang New York’s BitLicense
14.11.2019
There may be a way for cryptocurrency businesses to get around New York's notoriously hard-to-get BitLicense, and it runs through Wyoming
How Crypto Assets Are Capturing the Attention Economy
14.11.2019
Human attention is a finite resource: we awake each day with it replenished, only for it to seep away through work, leisure, and time frittered idly browsing the web while circumventing ads. Recognizing the scarcity of maintaining human interest, attention economists have devised incentivized...
2 New Blog Sites That Allow Users to Earn Cryptocurrencies
13.11.2019
During the last few years, cryptocurrency enthusiasts have explored blogging and content publishing websites that are powered by digital currencies. Recently, two new publishing websites that utilize cryptocurrencies have been gathering traction. The crypto powered blogging platform Publish 0x pays...
Zhou Sha Says How Blockchain Technology Will Reshape and Transform the Chinese Economy
13.11.2019
According to Zhou Sha, founder and CEO of Jingtum Tech, blockchain technology by using its advanced cryptographic methods, will help in confirming the rights concerning the individual data of the people who generate it. This dream can be a reality that may occur over the next 10 to 15 years, said...
Cryptocurrency Exchange, Coinchase Introduced New Staking Services of 8 Crypto Coins
7.11.2019
Coinchase is a well-known crowdfunding and cryptocurrency exchange platform in the world. It was founded in 2018 in Singapore and is providing its exchange and fundraising services across the globe. It has 600,000 users who are mostly from Russia, Australia, Turkey, Taiwan, Japan, Southeast Asia...
China Embraces the Race for Blockchain Supremacy; Set to Become a “Powerhouse”
5.11.2019
Chinese President, Xi Jinping, recently endorsed the country’s efforts in blockchain technology, reinstating the fact that China sees the technology as an integral part of the country’s plan to race ahead of the U.S. in tech supremacy. Only last week, the President has dubbed blockchain and...
Bad Loans at Big British Banks Jump Over 50% in a Year
4.11.2019
Shaken by the never-ending saga around Brexit and the global slowdown, the British economy is now showing signs that point to an upcoming crisis. The U.K.’s biggest banks have been dealing with a growing number of loans companies are struggling to pay off. At the same time, low interest rates...
More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
29.10.2019
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus....
Is Cryptocurrency a Boon with New Opportunities or Bane with Threat to Economy?
29.10.2019
A Cryptocurrency can be described as a digital currency that has been developed and managed through advanced encryption strategies known as cryptography. Cryptocurrency made the jump from being an academic idea to virtual reality with the development of Bitcoin in 2009. Cryptocurrency, together...
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
27.10.2019
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging...
South Korea to Shug off WTO’s ‘Developing Nation’ Tag
25.10.2019
In a new development that could set a precedent for many other countries, the government of South Korea today announced that it is going to voluntarily drop the ‘developing’ nation tag at the World Trade Organization. Over the years, there has been a lot of discussion about the fact that there...