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As Economic Indicators Get Worse, the US Revs Up the Next Multi-Trillion Stimulus
25.7.2020
The Breakdown Weekly Recap covers growing U.S.-China tensions, worsening job numbers and the next casual $1-$3 trillion in stimulus
Why Interoperability Is the Key to Future Innovation and Adoption
23.7.2020
Blockchain interoperability has a big goal: to empower developers to choose what’s right for their application, not what is right for the platform they’re locked into
Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy
23.7.2020
The digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing, but rather just another tool that can be used to maintain U.S. hegemony
Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
18.7.2020
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. Garg Proposes Indian...
Japanese Government Set to Include CBDC in Official Economic Plan
15.7.2020
The Japanese government is getting serious about a CBDC
Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation
13.7.2020
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India....
Coronavirus Recovery – The New Economic Thinking We Need
12.7.2020
The International Monetary Fund (IMF) is calling the coronavirus-induced economic crisis “the Great Lockdown”. The phrase mimics the Great Depression of the 1920s and the Great Recession that followed the 2007-08 global financial crisis. But, while it is tempting to maintain linguistic consistency...
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.”...