AI may lead to inflationary pressures: Bank of Canada
Bank of Canada Governor Tiff Macklem highlighted the potential risks AI poses to inflation and financial stability in the short term.
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Getting funds out of FTX could take years or even decades: Lawyers
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline. 675 Total views 35 Total shares While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”The crypto exchange,…
Bitcoin Breaks $6,000, US Stock Index Futures See Lower Open
Thursday, May 8 — after a brief market falter yesterday following the $40 million hack of major crypto exchange, crypto markets are showing resilience, with bitcoin (BTC) rallying above the $6,000 mark, as Coin360 data shows.Market visualization courtesy of Coin360Bitcoin is outperforming all of the other top ten cryptocurrencies and has seen 3.4% growth on…
China takes additional steps to digitise the renminbi
China has been leading the way when it comes to digital payments by average consumers in the country. While such payments in the United States like Apple Pay are becoming more widely accepted, in nearby Japan such methods are still relatively rare. Alipay has been offering residents of China the chance to use fiat currency…
Hybrid crypto exchange GRVT receives $3.3 billion monthly volume commitment
The significant contractual volume commitment from the 16 market makers comes shortly ahead of GRVT's mainnet launch in the fourth quarter of 2024.
What is fiscal policy, and why does it matter?
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important.What is fiscal policy?Fiscal…
KB Bank to launch South Korea’s first crypto investment fund
The investment fund will be the first offered by a bank in the country and is expected to include a type of crypto index and ETFs. 392 Total views 27 Total shares Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21…
Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights
Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are.
NFT utility to remedy ticketing dilemmas? Experts weigh-in
The 2022 Champions League final will have a checkered position in the competition’s history book. Real Madrid emerged victorious over Liverpool inside the Stade de France, but the pandemonium outside the stadium before kick-off highlights the need for innovative solutions to events ticketing.Counterfeit tickets played a massive role in the chaotic scenes that played out…