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Nobel Prize-winning economist Paul Krugman criticized organizations for leaping onto the blockchain hype, in a recent tweet. People want to cash in on the new catchphrase by flacking “blockchain something.” “Blockchain vitamin supplements next?” a Netizen joked. Other users mentioned “AI” and “cloud,” among other prominent buzzwords. In 2017, during the height of the cryptocurrency mania, blockchain was […]
This is not clickbait, this is not satire. U.S. officials have been in discussions to mint a ‘trillion-dollar platinum coin’ to avert raising the debt ceiling, giving the government carte blanche to spend as much money as they want without cutting budgets or raising taxes. The infamous Nobel prize-winning economist Paul Krugman, who once said the […]
The post U.S. Officials Want to Mint a ‘Trillion Dollar Coin’ to Avert Debt Crisis appeared first on CryptosRus.
A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts that the recent initiatives to promote local currency settlement have provided
The post Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance appeared first on BTC Ethereum Crypto Currency Blog.
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default [...]
The post ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations appeared first on Crypto Breaking News.
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full [...]
The post CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs appeared first on Crypto Breaking News.
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrencys future.
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