As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black Market in Fuel Driving Inflation The inflation rate in crisis-torn Lebanon…
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Johannes Schweifer is the CEO and co-founder of blockchain infrastructure company CoreLedger. __________ While the market sentiment may be bearish, these times become an opportunity for builders and innovators to focus on how to drive meaningful progress with blockchain technology…. Read More: Evolution of Enterprise Blockchain into Real-World Utility and Use Cases Read more…
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The main barrier to the wide adoption of DLT solutions by the energy system stakeholders is how energy markets are structured. Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape.…
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The Russian finance ministry has cast doubt on talk of the nation selling oil for crypto – but claims that blockchain-powered tokens could play an “alternative” role in the business dealings of smaller-scale exporters…. Read More: Russian Ministry of Finance Says There’s No Place for Crypto in Oil Trading Read more »Pay, Trade, Buy…
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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: BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield,…
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Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists. Deutsche Bank’s Recession Forecast Deutsche…
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President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.” Biden: U.S. Recession Isn’t Inevitable President Joe Biden…
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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: First Short Bitcoin ETF in US, FATF Not Happy With VASPs, Inactivity Fee on Bitstamp + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency…
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