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Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
10.2.2021
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial...
Retail Crypto Adoption Advances Amid Pandemic as Acceptance and Fungibility Broaden Value
7.2.2021
While the rise in cryptocurrencies over the last year has been the source of excitement among advocates and consternation for its detractors, a look at prices alone hides the real value being unlocked within the ecosystem. Cryptocurrency’s Real Value Lies in its Use, Not Speculation With...
Everyone Is a Prepper Now, in The Sense That They're All Trying Not to Die
23.12.2020
Last year, somewhere between story research and general curiosity, I found myself in Central Park with Shane Hobel, a compact and furiously energetic man who makes his living teaching other people how to stay alive. There were seven of us in his bite-sized “urban survival” course, for which Hobel...
IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...
Surgeon General Compares Developing Covid Vaccine To Playing Xbox
14.12.2020
The first Covid-19 vaccines began being distributed in the US today, and amidst the rollout Surgeon General Dr. Jerome Adams took to Fox News to talk about the race to develop a cure for the pandemic. And to do that he started talking about Xbox.Read more
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
Bitcoin Bar ‘Room 77’ Shuts Down
19.10.2020
Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing...
Andreessen Horowitz Publishes ‘Crypto Startup School’ Documentary
10.10.2020
The California-based private American venture capital firm, Andreessen Horowitz, has published a documentary called “Crypto Startup School.” The documentary is different from other blockchain films, as the 30-minute video shows some of the procedures leveraged while invoking...
Limitless Bailouts: US Federal Reserve Announces Billion-Dollar Corporate Bond Purchase Program
16.6.2020
During the last three months, the U.S. Federal Reserve has created a system of monetary avarice, as the central bank can literally do whatever it wants with zero oversight. The American public recently witnessed the Fed’s announcement on Monday, which explained the central bank will be buying...
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...
Italian Town Creates New Currency to Cope With COVID-19
30.4.2020
A small town in southern Italy has minted their own currency amid the coronavirus lockdown
Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely
27.4.2020
Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. Meanwhile, Apple CEO Tim Cook reportedly told President Trump...
IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...
Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?
26.3.2020
Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in...
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
The Internet May Be Next Victim of Coronavirus Pandemic – Netflix, Google, Apple and Amazon React
23.3.2020
With an estimated billion people staying home, remote working or just watching shows online all day, telecom infrastructure is coming under great strain. Experts and companies are mostly saying that the risk is far from critical yet, but the EU has taken the possibility of the internet crashing...
Largest Blockchain Conference in Japan Postponed Due to Coronavirus
16.3.2020
TEAMZ Blockchain Summit is the latest blockchain-related conference to postpone amid coronavirus concerns
Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic
16.3.2020
Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people...
Disney World Economics: How Coronavirus Could Be Used to Justify a Global Financial Reset
13.3.2020
‘What in the world is going on’ has now become a question of real pertinence, instead of just a cliché for common bewilderment. As COVID-19 panic grips the world, ripple effects are crashing markets and effectively canceling economies across the globe, scrawling the writing on...
Stimulus, QE, Rate Cuts: Coronavirus Fuels Central Banks’ Monetary Easing Policy
8.3.2020
The world has been focused on the coronavirus outbreak that’s claimed 105,612 cases and 3,562 deaths to date. The pandemic has caused government leaders to react and central banks are breaking out tools from their arsenal of monetary easing schemes. The world’s central banks say...