Economy

Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction - CoinDesk

Brazil’s Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction – CoinDesk

Brazil may be getting its first token boom in 2020, three years after the trend swept Silicon Valley, powered by a growing interest in stablecoins.  According to Binance’s representative in Brazil, Mayra Siqueira, the number of “Brazilian stablecoins traders” quadrupled since January 2020. The exchange’s two most popular stablecoins among Brazilians were Binance’s BUSD and …

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Welcome to the Groundhog Day Economy (PS, It Sucks) - CoinDesk

Welcome to the Groundhog Day Economy (PS, It Sucks) – CoinDesk

As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.  This is a movie we’ve seen before: Rise in what could have been preventable COVID-19 cases A call for shutdowns (plus voluntary closures) Rampant politicization of health and economic issues rather than common sense approaches Persistent jobless claims plus …

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Token Economy Social Restaurant Discovery Service SynchroLife Closes $2.6 million Fundraising Round Bringing Total Raised to $3.7 million

Token Economy Social Restaurant Discovery Service SynchroLife Closes $2.6 million Fundraising Round Bringing Total Raised to $3.7 million

Disclaimer: This is a press release and it is to be taken at face value. www.crypto-news.net is only a mediator is sharing information supplied by the company or companies mentioned in the press release. Use this information at your own risk. JUNE 2, 2020 – (Tokyo, Japan) GINKAN Inc., which manages SynchroLife, the restaurant discovery …

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Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash

Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash

On May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani revealed a new project he’s been working on called “Signal, Watch, and Pay Protocol” (SWaP). Armani’s published specification and reference code of SWaP indicates that the platform allows “onchain, peer-to-peer negotiation and execution of ‘collaborative transactions.’” SWaP: Onchain, Trustless, and Collaborative Transactions Vin …

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China's Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls

China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls | Bitcoin News

A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out of control by using these dollar-pegged blockchain tokens. Last week on June 9, …

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China's Inflation Surged to 4.5 Percent in November – Aren’t Central Banks Injecting Too Much Money In the Economy?

China’s Inflation Surged to 4.5 Percent in November- Aren’t Central Banks Injecting Too Much Money In the Economy? The Chinese inflation rate rose to 4,5% in November 2019 hitting a new record after the highest inflation rate in January 2012 according to the National Bureau of Statistics of China report. The report argues that the …

China's Inflation Surged to 4.5 Percent in November – Aren’t Central
Banks Injecting Too Much Money In the Economy?
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Ex Italy’s Economy Minister on ‘Transition From Old Coins to New Coins’

During the Code4Future conference, the first event in Italy dedicated to the concept of open innovation held at the Talent Garden in Rome, the former Minister of Economy and Finance Giulio Tremonti — currently president of Aspen Institute Italia — expressed his thoughts regarding the future of digital payments and the advent of cryptocurrencies. On …

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Warn of Crypto Stablecoin Threat to Economy

Over the past three to four years, stablecoins, crypto assets tied to a stable asset (usually the U.S. dollar), have made a strong entree into the blockchain scene. Since their introduction, this subset of crypto assets has exploded, seeing mass adoption across blockchains and by firms across the ecosystem. In fact, the aggregate value of …

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Dow Surges After Blowout Jobs Data Distract from Sluggish Economy

The Dow rose on Friday thanks to blockbuster jobs growth but will likely close the week in the red. China announced it would wave trade war tariffs on US soybeans and pork. The move presents Trump with a dilemma as a new trade deal deadline approaches without a firm agreement. The Dow accelerated its previously-cautious …

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