The central bank has been experimenting with multiparty computation, which could support the entire European economy in the future.
Central banks worldwide are increasingly exploring blockchain technology adoption, with the European Central Bank (ECB) being the latest example.
The ECB recently completed a blockchain experiment for its central bank digital currency (CBDC) with Zama, according to the firm's chief academic officer, Nigel Smart.
He said during a panel discussion at FHE Summit 2024:
In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation data and its implications for measuring true economic growth. Peter St Onge, Official Figures May Understate […]
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without fiscal consolidation, debt trajectories will remain unsustainable, threatening macroeconomic stability. As interest rates rise, refinancing needs and higher debt […]
Joe Biden and Donald Trump didn’t discuss crypto in their first head-to-head debate despite a multibillion-dollar crypto lobbying war chest to influence the elections.
United States President Joe Biden and former President Donald Trump didn’t mention crypto once in their 90-minute debate on Thursday despite crypto lobbyists raising millions of dollars for this election cycle.
The first of two CNN-hosted debates, held on June 27, focused on each presidential hopeful’s economic plans, abortion rights, immigration and foreign policy. It also briefly touched on their mental capabilities, with Biden, 81 and Trump, 78, the oldest candidates to ever run for president.
Despite a trio of crypto-backed super political action committees (PACs) raising $202.8 million from large industry backers and spending $93.6 million to influence the 2024 elections, the crypto sector received no mention.
Macro strategist Henrik Zeberg thinks the economy is currently in the midst of an “everything bubble” that’s primed to get even bigger. The economist tells his 143,400 followers on the social media platform X that the current bubble’s blow-off top isn’t finished. “Bubble – where? Below is Market Capitalization to GDP (gross domestic product): 1929 […]
The post Economist Henrik Zeberg Says ‘Everything Bubble’ About To Grow Bigger – Here’s Why appeared first on The Daily Hodl.
Stronger-than-expected employment data could put more downward pressure on Bitcoin price. Are ETF inflows enough to get a weekly BTC close above $70,000?
Bitcoin price could be pressured by the accelerating labor market in the world’s largest economy, the United States.
The nonfarm payrolls report, published on June 7, measures the change in the number of people employed during the previous month, excluding the farming industry.
With nonfarm payrolls exceeding expectations, investors could become concerned with more monetary policy tightening.
Nigeria's young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry.
There has been a mix of hope and concern for Nigeria’s crypto industry. Stakeholders in the sector have stated that President Bola Tinubu’s government’s actions and policies have left the industry without clarity in the past year.
In his campaign manifesto, Nigerian President Tinubu pledged to legalize crypto and blockchain technology for the country’s banking and finance sector. This decision was approved due to its potential to strengthen Nigeria's fragile economy.
However, the young population in Nigeria now feels more bewildered by the administration's recent actions against the country's crypto industry. In a statement shared with Cointelegraph, Olumide Adesina, an analyst at Quantum Economics, said there is a need for clarity and support to unlock the sector’s potential.
According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China has significantly […]
This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk of Market Intervention The yen’s sharp drop to 158.283 per dollar signals a substantial downturn for the currency. This […]
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
The United States may lead the world in stablecoin transaction volumes, but its share of stablecoin purchases relative to its gross domestic product (GDP) has been eclipsed by Turkey.
According to “The 2024 Crypto Spring Report,” released on April 25 by the blockchain intelligence firm Chainalysis, Turkey has the highest share of stablecoin purchases relative to its GDP.
Based on Chainalysis’ data, stablecoin buying in Turkey accounted for 4.3% of its GDP between April 2023 and March 2024, making it the world’s biggest spender of stablecoins relative to its GDP.
