![Lowering the inflation rate will take longer, Powell says](https://crypto.news/app/uploads/2022/10/Feds_locked_up_a_storage_device_full_of_ill-gotten_cryptocurrency-880x525.jpg)
economics News
Latest economics News
![Crypto on alert as Michael Burry goes short on US Markets](https://crypto.news/app/uploads/2023/02/crypto-news-orb-of-predictions-on-the-table-trading-graphics-inside-blurry-background-low-poly-style-880x525.jpg)
News
Michael Burry, famous for predicting the 2008 crisis, stuns the market with a massive bet against the S&P 500 and Nasdaq 100. But will it affect crypto? Remember Michael Burry? If you’ve watched or read “The Big Short,” his name…
![Bitcoin outperformed popular assets in H1 2023, data shows](https://crypto.news/app/uploads/2023/05/Before-You-Trade-with-Bitcoin-Oracle-AI02-880x525.jpg)
Markets
Bitcoin (BTC) outperformed other popular financial instruments and markets, including NASDAQ and the S&P 500, during the first half of 2023. Amidst regulatory uncertainties across various jurisdictions, gloomy market conditions brought about by the FTX scandal of 2022, and other…
![Lowering the inflation rate will take longer, Powell says](https://crypto.news/app/uploads/2022/10/Feds_locked_up_a_storage_device_full_of_ill-gotten_cryptocurrency-880x525.jpg)
Opinion
Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System, said that the labor market’s strength is why lowering the inflation rate will take longer and require higher interest rates on Feb. 7. In an interview conducted…
![What will happen to crypto markets if Fed increases rates in March](https://crypto.news/app/uploads/2023/02/hong-kong--880x525.jpeg)
Markets
From increased selling pressure to lower demand: in this article we are looking at the possible impact of further interest rate increases on crypto markets. After the rates increased seven times in 2022, the CME FedWatch tool predicts that the…
![Bank of Japan Studying Digital Currencies, Says Governor](https://crypto.news/app/uploads/2019/11/Bank-of-Japan-Studying-Digital-Currencies-Says-Governor-880x525.jpg)
News
Japan may be the latest country whose central bank is looking to launch a sovereign digital currency. However, authorities in the country say there is no rush towards creating a digital Yen even as the CBDC wars appears to be…
![BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System](https://crypto.news/app/uploads/2019/11/BRICS-member-nations-propose-creating-a-cryptocurrency-for-payment-settlements-880x525.jpg)
News
In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between…
![Former U.S. Fed Chairman Alan Greenspan Discusses Digital Currencies and Libra](https://crypto.news/app/uploads/2018/07/The-United-States-of-Bitcoin-could-soon-be-a-reality-2-880x525.jpg)
News
Alan Greenspan, the second longest-serving chairman of the Federal Reserve, has denounced sovereign digital currencies as pointless at an economic conference in China. According to CNBC, Greenspan also criticized Facebook by claiming that the sovereign credit of the United States…
![IBM and OMFIF Report Reveals Central Banks Fear Digital Efficiency](https://crypto.news/app/uploads/2019/08/Global-Central-Bank-Digital-Currency-as-a-Catalyst-for-the-Demise-of-the-Dollar-880x525.jpg)
News
Central banks across the globe have been reserved in their approach to digitization. These institutions are huge proponents of digital payments channels on a retail level, but when it comes to digitizing all currency, their worst fears kick in. According…
![The Cycle of Traditional Economic Manipulation is an Opportunity for Cryptocurrencies](https://crypto.news/app/uploads/2018/09/Bitcoin-Is-The-Solution-To-Brewing-Global-Economic-Crisis-880x525.jpg)
News
One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw…
![Could Cryptocurrency Solve Argentina’s Economic Woes?](https://crypto.news/app/uploads/2019/08/Could-Crypto-Solve-Argentinas-Economic-Woes-880x525.jpg)
News
The Argentine Peso depreciated almost 25 percent against the USD overnight, showcasing the incremental damage being done to an already ailing economy. Economists across the globe have differing views as to how Argentina can tackle this crisis. According to analyst…
![Capital Flight from China Causing Bitcoin’s Pump: Kyle Bass](https://crypto.news/app/uploads/2019/05/It-is-legal-to-own-bitcoins-in-China-says-Sa-Xiao-Council-Member-at-Bank-of-China-Law-Research-Association-880x525.jpg)
News
Well known fund manager of Hayman Capital Management, Kyle Bass, believes that the current run-up in Bitcoin is has been caused by global trade tension, Yuan devaluation, and capital leaving China. In an interview with Yahoo, Kyle emphasized that while capital…
![Donald Trump’s Tariffs on China may be Boosting Bitcoin’s Value](https://crypto.news/app/uploads/2017/05/China-to-Issue-Bitcoin-Trading-Regulations-880x526.jpg)
News
U.S. President Donald Trump announced on Thursday that almost all goods imported from China will be subject to an additional 10 percent tariff. This escalates further the trade war between Washington and Beijing, threating the global economic outlook. According to…
![Report: Universal Basic Income Is not Sustainable](https://crypto.news/app/uploads/2019/05/Universal-Basic-Income-is-Not-Sustainable-or-Effective-880x525.jpg)
Learn
A study published by Public Services International has cast major doubt over the impact that a universal basic income (UBI) scheme will have on eradicating poverty and raising living standards, as reported by The Guardian on May 6, 2019. Proponents…
![India: Regulatory Bodies Fear Cryptocurrency’s Impact on Rupee](https://crypto.news/app/uploads/2019/02/India-Regulatory-Bodies-Fear-Cryptocurrency’s-Impact-on-Rupee-880x525.jpg)
News
According to a Quartz report published February 4, 2019, the Indian government is skeptical regarding the possible implications of cryptocurrencies on the Indian Rupee, fearing that digital currencies might destabilize the national currency. Regulatory Panel Hesitant of Cryptocurrencies The Indian…
![Economic Rationality and the Bitcoin Network](https://crypto.news/app/uploads/2018/12/Economic-Rationality-And-the-Bitcoin-Network-880x525.jpg)
Learn
The Bitcoin network has now been functioning for a decade. In that time, human beings have actively interacted with the system, participating as miners, running nodes, and making transactions. In addition to securing the network and increasing decentralization by contributing…
![UBS’ Paul Donovan Claims Bitcoin Is in its Death Throes and Wants it “Buried”](https://crypto.news/app/uploads/2018/02/Why-Is-The-Price-Of-Bitcoin-And-Cryptocurrency-Crashing-880x525.jpg)
News
In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its…