Recession Odds Now Very High As Inflation Lingers – Ex Fed VC

The CPI (Consumer Price Index) statistics in the United States recently surpassed economists’ forecasts. As a result, there is widespread panic as inflation rose with an economic downturn around the corner. US Fed Having A Hard Time Battling Inflation  On September 13th, the US released the CPI data. Following the announcement, the markets and their … Read more

Huobi Signs MoU With Busan For Blockchain Development

Crypto firm Huobi Global and its South Korean subsidiary, Huobi Korea, have penned an MoU (Memorandum of Understanding) with the government’s assistance. Huobi will help the city to develop its blockchain ecosystem.  Huobi To Help Develop Busan’s Blockchain Infrastructure  On Wednesday, Huobi Global announced that it had entered a partnership with Busan in South Korea. … Read more

Inflation Rises Beyond Expectations, Stocks Tumble

Stocks in the US experienced huge selling pressure on Tuesday following the publication of the awaited inflation figures for August. The report revealed that prices were stronger than expected last month. Stocks Began to Fall Almost immediately after the inflation report was released, Nasdaq shares dropped by about 1.8% while S&P 500 lost 1.2%, and … Read more

Bank De France, CBN Among Eight New Hyperledger Members

In recent reports, there has been an addition to the list of users of the central blockchain systems and application developer, Hyperledger. These new members include the CBN (Central Bank of Nigeria), Casperlabs, DSR corporation, and five others. As the result of the recent impressive progress made on the study of CBDC (Central Bank Digital … Read more

Recent Crypto Proposal Endangers Bitcoin – Cardano Creator

According to reports, Charles Hoskinson said the suggestions might cause the complete prohibition of Bitcoin while being critical about the proposals of the recent White House Office of Science and Technology statements. This proposal involves carrying along the United States DoE (Department of Energy) and the United States EPA (Environmental Protection Agency) to develop proof-driven … Read more

Japanese Government Rewarded 7 Mayors With NFT Prizes

The Japanese government awards seven mayors with NFTs, following their effort and service to humanity towards easing people’s living in various jurisdictions.  The current Japanese administration is one of the first governments to pioneer the use of NFT as a medium to offer supplementary acknowledgments to appreciate the excellent performance of the local authorities. This … Read more

Top Economic Events to Consider This Week

Soaring energy prices threaten European businesses as winter approaches Higher inflation triggered reduced consumer confidence The common currency sees pressure as rate hikes did little to nothing The primary economic event for summer passed, with the Jackson Hole Symposium ending yesterday. Meanwhile, the focus remained on Powell’s Friday remarks. Therefore, the markets didn’t fluctuate much … Read more