Tag: Economics

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NFT Warning, Bitcoin Mining Academy, Inflation in EU Heats Up + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: NFT Warning, Bitcoin Mining Academy, Inflation in EU Heats Up + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic. …
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Pandemic is the Biggest Threat to Markets in the Next Decade – FTX CEO

Sam Bankman-Fried (SBF), founder and CEO of major crypto exchange FTX, argues that the world didn’t learn many lessons from the COVID-19 outbreak, and new possible pandemics are the biggest issue that could potentially threaten the markets in the next 5 to 10 years…. Read More: Pandemic is the Biggest Threat to Markets in the…
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White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending

While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who…
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Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High

Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a…
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Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High

Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the…
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US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’

According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak. US…
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US Inflation Jumps More than Expected in June; Bitcoin & Ethereum Slide

Annual inflation in the US hit 9.1% in June, or more than what analysts had expected, and up from 8.6% in May. It reached the highest level in over 40 years.  In a month, prices jumped 1.3%, also more than expected. The so-called annual Core-CPI (consumer price index) – which excludes prices of food and…
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Crypto Falls Ahead of US Inflation Figure as Bitcoin On-Chain Metrics Signal ‘Oversold Conditions’

The crypto market fell on Tuesday ahead of a US inflation report for June that is feared to show that consumer prices have continued to rise at a faster pace despite interest rate hikes. Meanwhile, more on-chain signs are now indicating that a bottom for bitcoin (BTC) could be about to form…. Read More: Crypto…
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The Coming Recession is Going to Hit Crypto, but Not as Hard as You Think

If a recession isn’t here already, many economists estimate that it is coming very soon. The largest in the world, the US economy contracted by 1.6% in the first quarter of the year, and even if it somehow doesn’t contract in the second quarter, a growing number of economists are predicting a recession for 2023….…
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