Tag: Economics

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Stocks Hurt US Households More Than Crypto, Commonwealth Bank Pauses Crypto Plans, Bitcoin PizzaDAO + 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: Stocks Hurt US Households More Than Crypto, Commonwealth Bank Pauses Crypto Plans, Bitcoin PizzaDAO + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

G7 to Discuss Crypto, Aave’s Lens Protocol Goes Live, Terra’s Team Shrinks + 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: G7 to Discuss Crypto, Aave’s Lens Protocol Goes Live, Terra’s Team Shrinks + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’

Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S. Recession and Inflation Elon Musk,…
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India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy

India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve Bank…
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Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’

Goldman Sachs Senior Chairman and former CEO Lloyd Blankfein has warned that companies and consumers should prepare for a recession in the U.S. He stressed that it’s a “very, very, high risk.” Goldman’s Blankfein Warns About a Recession Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, warned about an…
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Top 5 Play-to-Earn Games on BNB Smart Chain

  Play-to-earn (P2E) games are gaining popularity as they enable gamers across the globe to earn crypto for playing games online. Read on to discover the most popular play-to-earn games on BNB Smart Chain. BNB Smart Chain, formerly known as Binance Smart Chain (BSC), is an Ethereum Virtual Machine (EVM)-compatible blockchain network created by major…
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US Inflation Surpasses Expectations, Bitcoin and Ethereum in Rollercoaster Mode

  US inflation hit 8.3% in April, down from a peak of 8.5% the month before, but still above expectations, new data from the US Bureau of Labor Statistics show. Right after the release, a sharp and short-lived correction across the crypto market started…. Read More: US Inflation Surpasses Expectations, Bitcoin and Ethereum in Rollercoaster…
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Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly

The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market…
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Just How Sustainable Are Play-to-Earn Gaming Pyramids?

  __________ The play-to-earn (P2E) GameFi sector was one of crypto’s biggest success stories in 2021, with Axie Infinity alone accounting for USD 3.5bn in NFT sales last year. This is in addition to the increasingly high market capitalizations of a growing number of play-to-earn tokens, with CoinMarketCap currently putting the sub-sector’s total value at…
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Fed Hopes for ‘Soft Landing’ for US Economy, but History Suggests It Won’t Prevent Recession

  Alex Domash, Research Fellow, Harvard Kennedy School, and Lawrence H. Summers, Charles W. Eliot University Professor, Harvard Kennedy School._____  The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard…. Read More: Fed Hopes for ‘Soft Landing’ for US Economy, but History Suggests It Won’t Prevent Recession  Read more…
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