economics News

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

The Austrian government announced on September 27, 2018, the auction of €1.15 billion ($1.35 billion) worth of government bonds on the Ethereum blockchain. The sale begins on October 2 with operations overseen by Oesterreichische Kontrollbank (OeKB), one of Austria’s biggest…

Vitalik Buterin, the founder of Ethereum, replied to a September 3, 2018, report from Techcrunch that claims that the collapse of ETH is inevitable. No Future for ‘Gas’ According to a report from TechCrunch, the collapse of ETH is inevitable,…

A 2017 study by the Bank of Canada was updated by the central bank in July 2018.  As a part of the Bitcoin Omnibus Survey (BTCOS), the study provides insights on the public’s purchase reasons for and overall awareness towards…

What libertarians, anarcho-capitalists, and proponents of the Austrian school of economics, all have in common is their love for free markets and disdain for state intervention. Many evangelists of these schools of thought have thus publicly praised decentralized digital currencies,…