The European Central Bank and its counterparts in the UK, US, China and India are exploring a new form of state-backed money built on similar online ledger technology to cryptocurrencies such as bitcoin and ethereum. So-called central bank digital currencies (CBDCs) envision a […]
Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value. The majority of the dozens of stablecoins that currently exist use the dollar as their benchmark asset, but many […]
You may think the metaverse will be a bunch of interconnected virtual spaces – the world wide web but accessed through virtual reality. This is largely correct, but there is also a fundamental but slightly more cryptic […]
The first U.S. jobs report of 2022 showed continued – if lackluster – growth. But perhaps of greater significance for the economic year ahead are two factors that lurked behind the headline unemployment rate: a stagnating labor […]
The U.S. economy ended 2021 with a lot of uncertainty. Inflation surged to levels not seen since the 1980s – seriously eroding consumer purchasing power – while the highly contagious omicron variant forced many Americans to hunker down as […]
Small business is “the engine room of Australia,” the “backbone of our economy,” the “hope of the side”. They are the words used by the then treasurer and now prime minister Scott Morrison to justify […]
Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having time on their hands […]
The year 2021 was marked by several major breakthroughs for cryptocurrencies. For one, new crypto applications like non-fungible tokens (NFTs) gained ground, with sales of these digital assets setting new records at major auction houses. Secondly, Bitcoin […]
The Bank of England was widely expected to slightly increase its official bank rate on November 4, but it decided to stick to the all-time low of 0.1%. However, the bank has made it clear that a rise will […]
The past two years were a busy time for real estate professionals. While commercial buildings like office towers, shopping malls and hotels stood empty for months in a row as a result of the COVID-19 […]
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