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UN Development Programme Partners With Dfinity Foundation to Boost MSME Inclusion
3.7.2024
The United Nations Development Programme (UNDP) has announced a partnership with the Dfinity Foundation to enhance its Universal Trusted Credentials (UTC) initiative. The collaboration aims to improve financial inclusion for micro, small and medium enterprises (MSME) globally using blockchain...
Milei Reveals New Economic Phase for Argentina: Zero Monetary Issuance
1.7.2024
Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus law, the country has reached phase two of its economic...
16 Nobel Laureates Warn of Threats to US Economy Under Trump’s Second Term
27.6.2024
Sixteen Nobel Prize-winning economists have voiced concerns about the potential risks to the U.S. economy if Donald Trump secures a second term as president, emphasizing threats to economic stability and the rule of law. “The outcome of this election will have economic repercussions...
Argentina Records First Week of Zero Inflation in 30 Years; Milei Claims He’s Redefining Economic Theory
25.6.2024
Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic...
Bitcoin offers ‘economic immortality,’ will reach $10M per coin— Michael Saylor
23.6.2024
Saylor’s comments came during a wide-reaching discussion with Bitcoin podcast host Robin Seyr
Market Jitters: Analysts Warn of Looming US Stock Crash, Draw Parallels to 1929
23.6.2024
As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be...
Ethiopia takes first step toward CBDC in economic reform
17.6.2024
The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”
Utah Senator Seeks to Abolish Federal Reserve
14.6.2024
Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike...
China’s Reduced Physical Gold Demand Cools Prices After May Peak
14.6.2024
While gold reached a record high in May at $2,450 per ounce, it has since settled at $2,329 per ounce. According to the World Gold Council, China’s demand for gold fell in May to its lowest level in four years. Gold Prices Down from Record High, China Physical Consumption Slumps, Analyst...
Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty
13.6.2024
Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased...
Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion
12.6.2024
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto —...
UBS Recommends Buying Gold Dips Amid Economic Uncertainty
12.6.2024
The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to strong U.S. payroll and earnings data, coupled with...
Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus
12.6.2024
Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.”...
BRICS Meeting Highlights Shift to Local Currencies
11.6.2024
BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local currencies in financial transactions between the BRICS...
Australia needs blockchain ‘more than ever’ to flip productivity freeze
11.6.2024
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy
Modi Reappoints Nirmala Sitharaman as India’s Finance Minister — Investors Remain Concerned Over High Crypto Taxes
11.6.2024
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi...
Russia Set to Recognize Bitcoin Mining as Economic Activity
10.6.2024
According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would...
Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition
10.6.2024
Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which...
Intel and AfDB to train millions of Africans in AI
9.6.2024
The initiative aims to equip many Africans with Fourth Industrial Revolution (4IR) skills, including skills in advanced technologies like artificial intelligence, robotics, and data science
BTC’s ‘Strange’ Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital
8.6.2024
Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days...