Category Archives: finance

US, EU governments pledge to remove ‘selected’ Russian banks from SWIFT network

The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT. — Read on http://www.theblockcrypto.com/linked/135573/russia-swift-banks-removal-plan-eu-us Now is a good time to look into crypto and blockchain investments. If Russia can’t use the SWIFT system then what will they use….

Fed’s Powell sold up to $5M in stock in 2020 before market tanked | Fox Business

Federal Reserve Chairman Jerome Powell sold up to $5 million worth of stock last October, according to a new financial disclosure form, shortly before the Dow Jones Industrial Average cratered. — Read on http://www.foxbusiness.com/economy/federal-reserve-jerome-powell-personal-stock-sale.amp

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”