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Nalezeno "AI crisis": 963

China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days

11.11.2021
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts,...

US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years

11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....

Altcoin Roundup: 3 blockchain protocols taking the supply chain crisis head-on

5.11.2021
Supply chain issues continue to make global headlines on a daily basis. Here’s three projects that are using blockchain technology to provide solutions

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

4.11.2021
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding...

New Data Shows Red Hot US Inflation Highest in 30 Years — Analyst Says Rising Inflation Could Hit a ‘Tipping Point’

1.11.2021
Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country...

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

18.10.2021
The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter...

‘Big Short’ Investor Michael Burry Not Shorting Bitcoin, Warns ‘Cryptocurrencies Are in a Bubble’

18.10.2021
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have. His confirmation came after he recently asked how to short crypto. Michael Burry Says He Is...

St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation

14.10.2021
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible...

US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

13.10.2021
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3%...

US debt ceiling crisis: A catalyst for crypto’s ultimate decoupling?

11.10.2021
Many in and beyond the crypto industry believe that the political standoff around the debt ceiling increase makes digital assets more attractive in the long run

‘Big Short’ Investor Michael Burry Criticizes Shiba Inu Crypto After SHIB Soars 230% — Says It’s ‘Pointless’

11.10.2021
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, thinks the dogecoin rival shiba inu token (SHIB) is “pointless,” criticizing its supply. The cryptocurrency skyrocketed 230% over the past week. Michael Burry Shares His View on Shiba Inu Token Famous...

Compound crisis averted? Securing exposed COMP could be just the start

8.10.2021
Compound protocol has placed $150 million worth of COMP tokens at risk, but a bug fix is likely to remedy the situation after giving the community a scare

US Lawmakers Float the Idea of Minting a Trillion-Dollar Platinum Coin to Avoid Sovereign Debt Crisis

6.10.2021
American politicians have been clamoring about the U.S. facing a significant debt crisis and the debt ceiling putting the country at risk of default. Joe Biden spoke about the debt ceiling and told Republicans to “just get out of the way” when it comes to the decision. Meanwhile,...

IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money

6.10.2021
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial...

Deposits on ‘Big Four’ South Korean Exchanges up 1,368%

5.10.2021
"https://cryptonews.com/news/s-korean-mp-bids-to-prevent-crypto-crisis-while-kimchi-premi-11218.htm">kimchi premium traders making “illegal transactions.”Upbit, the market-leading exchange, and Korbit, the first trading platform in the nation appear to have received their permits within h

El Salvador Gov’t to Mitigate Against Fuel Price Crisis – Using its Bitcoin App

30.9.2021
rators had negotiated a deal with two fuel distribution companies, meaning that Chivo users could receive a discount worth USD 0.20 per gallon at petrol stations across the nation.Bukele wrote that the “state-owned company Chivo” had “negotiated with the largest gas station companies in the c

How Traditional Finance World Could Cause Traditional Global Financial Crisis

26.9.2021
ncial products based on debts – most notoriously, residential mortgages –which were sold by banks to other banks and institutional investors. The profitability of these CDOs largely depended upon homeowners’ ability to repay their mortgages. When people began to default, the CDO market colla