From The Hill Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the "highest urgency," it should go without saying that the press should pay close attention to what's going on. Even more importantly, the
Authored by Nick Corbishley via NakedCapitalism.com, Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and at every dinner table in every country in the world. Around 90 central banks are either
From CoinDesk As it decarbonizes, the mining industry might help push energy producers to build more renewable power sources with crypto miners. Around 15,000 cryptocurrency mining rigs are humming away at HIVE Blockchain’s 30 megawatts (MW) data center in Boden, Sweden. But not all the time. Sometimes, the facility powers down to help the local
From CoinDesk Bitcoin rose 4% over the past 24 hours, compared with a 6% rally in DOGE. Most cryptocurrencies traded higher on Thursday after Russia's Duma committee chairman suggested during a news conference that bitcoin (BTC) could be accepted as payment for the nation's oil and other resource exports. Russia's announcement contributed to a spike
From CoinDesk To finance mining rigs running in the down market. Firms will have to look beyond stock issuance. They may have to borrow against their machines, mined crypto, or put themselves up for sale. Access to capital is the backbone of any industry, not least of all for cryptocurrency-linked companies that are relatively young
From ZeroHedge The Fed finally admits it has an inflation problem. Yet, what is the bigger inflation problem and potentially more destabilizing to the economy as it unwinds? Is it the 40-year high in consumer price inflation, or is it the surge and record valuations of asset prices? Of course, policymakers would say it's consumer
From CoinDesk The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades. Saudi Arabia is in discussions with Beijing about pricing some Saudi oil sales to China in yuan instead of dollars, according to a Wall Street Journal report, citing people
From: S&P Global In early 2021 Russia secured an increase to its oil output quota under the OPEC+ agreement for February and March, the latest sign that Russia's comparatively strong economic position is allowing it to push for better terms under the deal. Economics is set to underpin future negotiations in 2021, with Russia likely
From Economist EACH DAY brings new horrors to Ukraine, where Russian artillery fire echoes like thunder across cities and towns. The metropolis of Kharkiv lies in ruins, a victim of two weeks of bombardment. Mariupol, on the coast, has been destroyed. It is too soon to know if a winner will emerge from the fighting.
From Coin Desk Back in 2012, as an excited economics undergrad, I decided I wanted to invest some of the money I had into bitcoin (BTC). It was a complicated process that involved driving to Walmart (WMT) and sending a MoneyGram money order to a company called ZipZap, which would then send my money to
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