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Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?

Source: AdobeStock / Sherrod Photography Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system persist. In his opinion for The New York Times, Mihir A. Desai, a professor at Harvard Business School and Harvard Law School, writes...

, by Sead Fadilpašić

Bitcoin News

MIT Research Scientist Says Satoshi Nakamoto Should Win a Nobel Memorial Prize

Source: AdobeStock / JeanLucThe Nobel Memorial Prize in Economic Sciences should be awarded to Satoshi Nakamoto, the creator of Bitcoin (BTC), argues MIT Research Scientist Lex Fridman and other Bitcoin supporters.Host of the Lex Fridman Podcast tweeted this argument three days after it was announced that the Norwegian Nobel Committee awarded the Peace Prize for 2022 to one individual and two organizations: human rights advocate Ales Bialiatski from Belarus, the Russian human rights...

, by Sead Fadilpašić

Bitcoin News

Crypto Market Regains Ground Ahead of Key US Jackson Hole Meeting

Jerome Powell. Source: video screenshot, Yahoo Finance / YouTube The crypto market on Tuesday saw cautious optimism ahead of an annual key meeting of global central bankers known as the Jackson Hole Symposium, with prices of both bitcoin (BTC) and ethereum (ETH) climbing higher for the past 24 hours.The Jackson Hole Symposium is scheduled to begin in Wyoming in the US this Thursday, with US Federal Reserve (Fed) chairman Jerome Powell expected to hold a closely watched speech about the...

, by Fredrik Vold

Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App + More News

Source: AdobeStock / Barna Tanko Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Legal news Co-founder of the distraught crypto project Terraform Labs, Do Kwon, has...

, by Sead Fadilpašić

Inflation Is Spiking Around the World – Not Just in the US

Source: Adobe/Pamela Christopher Decker, Professor of Economics, the University of Nebraska Omaha.______The 9.1% increase in US consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines. Meanwhile, annual inflation in Germany and...

, by Christopher Decker

BlackRock Doubles Down on Bitcoin, UNCTD vs. Crypto, DoJ Not Happy With Celsius + More News

Source: Adobe/Tada Images Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Investments news Asset management giant BlackRock said it has launched a spot...

, by Linas Kmieliauskas

US Inflation Slows Down in July, Bitcoin and Ethereum Rally

Source: Adobe/Влад Варшавский July’s US consumer price index (CPI) has seen an annual rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in...

, by Sead Fadilpašić

Soaring Inflation Puts Central Banks on a Difficult Journey

Source: Adobe/Rmcarvalhobsb Tobias Adrian is the Financial Counsellor and Director, and Christopher Erceg and Fabio Natalucci are Deputy Directors at the International Monetary Fund (IMF)'s Monetary and Capital Markets Department.__________Central banks in major economies expected as recently...

, by Christopher Erceg

Inflation Is Spiking in Zimbabwe (Again). Why High-Interest Rates Aren’t the Answer

Source: iStock/JordiStock Jonathan Munemo, Professor of Economics, Salisbury University._____The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%. This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher,...

Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News

Source: Adobe/MichaelVi Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Investments news Major asset manager BlackRock has partnered with crypto exchange...

, by Linas Kmieliauskas

Is the US in Recession? Depends on Whom You Ask

Source: Adobe/Jon D. Brian Blank, Assistant Professor of Finance, Mississippi State University._______The US economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022. It follows a contraction in gross domestic product of 1.6%...

, by D. Brian Blank

Three Arrows ‘Mess’ & Babel’s Losses, Ethereum’s Testnet, Bitcoin’s Defense, NFT ETF Zone + More News

Source: Adobe/Christophe Fouquin Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Legal news Liquidators overseeing the wind-down of failed crypto fund Three...

, by Sumejja Muratagić-Tadić

Bad News is Good News: Bitcoin Plays With USD 24K as Traders Speculate on Fed Pivot and US Recession

Fed Chair Jerome Powell. Source: A screenshot, Youtube/Federal Reserve The price of bitcoin (BTC) traded above USD 24,000 on Friday morning (UTC), reaching its highest in nearly 7 weeks, after news that the US has entered what many consider a technical recession, as well as speculations that...

, by Fredrik Vold

US GDP Slips Again, Another DeFi Protocol Attacked, Zipmex Seeks Protection + More News

Source: Adobe/Nuthawut Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Economics newsUSD gross domestic product (GDP) decreased at an annual rate of 0.9% in the...

, by Linas Kmieliauskas

Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook

Source: AdobeStock / iphotothailand Pierre-Olivier Gourinchas is the Economic Counsellor and the Director of Research of the International Monetary Fund (IMF)._________The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a...

, by Pierre-Olivier Gourinchas

US Fed Fires Another 75 Basis Points Rate Hike at Record Inflation, Bitcoin & Ethereum Jump

Fed Chair Jerome Powell. Source: A screenshot, Youtube/Federal Reserve The US Federal Reserve (Fed) has hiked interest rates by 75-basis points, to the interval 2.25 to 2.5%, in line with what most analysts expected. “Recent indicators of spending and production have softened....

, by Fredrik Vold

World Economic Outlook, Crypto Tax Exemption, Cryptojacking Rising + More News

The IMF’s Managing Director, Kristalina Georgieva. Source: A screenshot, Instagram/the_imf Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Economics...

, by Sumejja Muratagić-Tadić

US Fed Set for New Rate Hike This Week, But How Aggressive Will It Be?

Source: AdobeStock / Aaron Kohr The US Federal Reserve (Fed) is set to announce another significant interest rate hike on Wednesday this week, and crypto market participants are watching closely for any clues about how aggressively the Fed will move.Judging from the derivative exchange...

, by Fredrik Vold

Inflation Is 2022’s Boogeyman

Source: Adobe/Ievgen Skrypko Stephen Hickson, Economics Lecturer and Director Business Taught Masters Programme, the University of Canterbury.____An entire generation has never experienced life with high inflation. But that is set to change. Countries like Australia, Canada, the United Kingdom...

, by Stephen Hickson

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# Economics

All #Economics

Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?

MIT Research Scientist Says Satoshi Nakamoto Should Win a Nobel Memorial Prize

Crypto Market Regains Ground Ahead of Key US Jackson Hole Meeting

Cryptonews in numbers