economy

The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded.Today, hundreds or even thousands of peopl ...

The image of a presidential candidate destroying a model of the central bank with a sledgehammer will not leave Argentines' memories for a long time. But once President-elect Javier Milei is seated on the throne on Dec. 10, will he still have the courage to follow a winding and risky path? ...

After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19.Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination o ...

The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-fir ...

While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the ...

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the pot ...

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, includi ...

Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve ...

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroec ...

2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is ...

Artificial intelligence (AI), large language models (LLMs) and machine learning have infiltrated just about every aspect of our technology-connected lives. Tools like ChatGPT offer an array of helpful utilities, but they also come with a potentially dark side, as ChatGPT and other LLM chatbots ar ...

News headlines have recently covered how China's struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be s ...

The initiative aims to bring together key industry players to explore innovations in CBDC. A Mastercard spokesperson said CBDC should be as easy to use as other forms of money. Payments company Mastercard will form a central bank digital currency (CBDC) partnersh ...

The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting have failed to materialize so far in 2023. In fact, most assets have caught a bid, with the Nasdaq hitting a 52-week high on July 12.How can this be, and will the rally continue? ...

The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.However, the problem is real, and it has become much more acute due to interest rates rising in response to entren ...

Right as analysts thought that Bitcoin (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside after the SEC presented charges against Binance exchange. This has led some analysts to believe that the BTC price bottom is not yet in. Bit ...

Famous investor and head of Berkshire Hathaway Warren Buffett said that the loss of people's confidence in the dollar does not mean that bitcoin will become a global reserve currency. Buffett responded to a question about the current trend toward de-dollarization and warned ...

Republican politicians from Texas, Senator Bryan Hughes and Representative Mark Dorazio, have recently introduced a bill proposing the creation of a state digital currency backed by gold. The proposed stablecoin will not be tied to the US dollar but to a fraction of a troy ounce of gold held in t ...

According to analysts at CryptoPotato, the value of Bitcoin, the first and most popular cryptocurrency, may experience significant changes due to the predictions of an upcoming recession. The experts point to issues being faced by banks in both the US and Europe, and the growing number of negativ ...

The opposition party Pheu Thai has made a bold promise ahead of the upcoming parliamentary elections in Thailand. They have pledged to give each resident of the country 10,000 baht ($300) in cryptocurrency if they win the election. This promise has generated a lot of buzz and excitement among ...

Famous venture capitalist Tim Draper has restated his confident forecast that the initial cryptocurrency, Bitcoin, will ultimately reach a staggering $250,000 in value. Draper originally anticipated this milestone to occur before June of this year, but he now acknowledges that it may take a littl ...

After facing criticism, the UK government decided to scrap the plans of the Royal Mint to issue non-fungible tokens. Economy Minister Andrew Griffith informed the British Parliament that the Royal Mint had decided to temporarily abandon the project, stating that there was not enough evidence to j ...

According to the President of El Salvador, Nayib Bukele, the country's economy has experienced a significant boost thanks to the recent legalization of bitcoin, resulting in a 95% increase in the tourism sector. In an interview, Bukele mentioned that the move to make bitcoin a legal tender has ma ...

The Montana State Senate recently approved a bill to safeguard bitcoin mining companies against a range of anti-industry measures and to restrict local governments from opposing mining operations. The legislation is aimed at defending the rights of BTC miners, with the majority of the Senate voti ...