Category Archives: finance

Inflation stays high as prices leap 5.4 percent from year ago

That’s the same as June’s 5.4 percent year-over-year rise in prices, which marked the biggest 12-month rise since August 2008, just before the financial crisis sent the US into the worst recession it had seen since the Great Depression. — Read on nypost.com/2021/08/11/inflation-stays-high-as-prices-leap-5-4-percent-from-year-ago/amp/ Inflation was always going to be the outcome due to the continuousContinue reading “Inflation stays high as prices leap 5.4 percent from year ago”

South Korean regulator to reportedly shut down 11 crypto exchanges

The sources argued that the mentioned crypto exchanges would not be able to get approval for operation by the South Korean Financial Services Commission. — Read on cointelegraph.com/news/south-korean-regulator-to-reportedly-shut-down-11-crypto-exchanges/amp More crackdowns occurring and possibly more on the way. Be careful about which crypto exchanges you use. The best way to keep your crypto safe is byContinue reading “South Korean regulator to reportedly shut down 11 crypto exchanges”

The U.S. is deciding how to respond to China’s digital yuan

The two groups tasked with this research in the U.S., MIT’s Digital Currency Initiative and the Federal Reserve Bank of Boston, are parsing out what a digital currency might look like for Americans. Privacy is a major concern, so researchers and analysts are observing China’s digital yuan rollout. — Read on http://www.cnbc.com/amp/2021/07/24/the-us-is-deciding-how-to-respond-to-chinas-digital-yuan.html MIT and theContinue reading “The U.S. is deciding how to respond to China’s digital yuan”

Michael Saylor doesn’t think Bitcoin is ‘going to be currency in the US ever’

“The product that Bitcoin is selling is 1/21 millionth of all the money in the world. That doesn’t have to change, it just kinda has to not break,” said Michael… — Read on cointelegraph.com/news/michael-saylor-doesn-t-think-bitcoin-is-going-to-be-currency-in-the-us-ever/amp