Tag: poverty

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How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

October 21, 2024

Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy…
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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

January 11, 2023

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024.…
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What is regenerative finance (ReFi) and how can it impact NFTs and Web3?

September 30, 2022

NFT Steez chats with Celo ecosystem lead Mashiat Mutmainnah about the promise of ReFi and its capacity to promote environmental and social good. On Sept. 30, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity…
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Crypto’s Sanction-Slipping Power: Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset

March 4, 2022

Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being…
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