Economy
Mar 31, 2020 at 11:32
It’s Cryptocurrency Time: US Dollar May Face Default
The US economy will get a $2 trillion injection from the Federal Reserve to aid the citizens and businesses suffering from the COVID-19 pandemic. However, some experts of the industry including John McAfee believe this might have negative consequences over the country’s economy and cause unprecedented inflation.
Mar 31, 2020 at 09:21
Cryptocurrency Adoption Can Become a Saviour for Economy in Africa
Africa has several nations that are both economically and politically unstable and financially untrusted by ordinary African citizens, especially villagers.
Mar 16, 2020 at 17:05
UK Seeks to Shape Digital Trade While Negotiating with US
The upcoming US free trade talks have provided an opportunity for the UK’s Department for International Trade (DIT) to negotiate provisions for digital trade, which underpins the UK economy and is vital to both service and goods exporting businesses.
Will Coronavirus Have Its Own Cryptocurrency?
A team of cryptocurrency developers announced the launch of a new coin based on the spread of the Chinese coronavirus. The coin will allow people to bet on how many people would get ill or killed.
European Commission to Decide the Status of Libra Crypto in March 2020
Several financial authorities across the globe are finding it hard to make verdicts when it comes to Bitcoin, Libra and other digital currencies: overregulate the industry and risk losing the advantage to most businesses and the economy at large, or fail to act completely and make themselves more defenseless especially to those that intensify.
China is Ditching its Paper Money in Attempt to Curb the Spread of Coronavirus
The Chinese authorities move to reduce the use of paper money in the economy in a desperate attempt to control the spread of Coronavirus. Authorities are still puzzled how fast the corona strain is spreading between people.
US Government Sells Stolen Bitcoins
The American government turned against its own word and offered to auction to the public stolen bitcoins it retrieved and held in custody. Although the US is among the fast developing countries in the world and a leader of technology, the US has been slow in legalizing bitcoin usage in the economy. For this reason many innovators fell on the wrong side of the law and got their assets frozen by the government.
Blockchain and Tokenization to Fight Protests and Social Inequalities
Blockchain can be used to overcome social inequalities like the French protests that have been occurring month-in-month-out since late 2018, the political protests that normally happen in Venezuela, and many others.
Lombardy Plans to Use Blockchain for Waste Traceability
The Lombardy Regional Council has approved the Address Act on the planning of waste management and remediation in recent days. A plan that aims to overcome the very idea of rejection, instead espousing the logic of the circular economy.
