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• UK inflation to top Bank of England’s 2% target until end of 2024

  TL;DR Breakdown A new report predicts that inflation will exceed the Bank of England’s 2% target until the end of 2024 The growing cost of energy has been one of the key causes of the sharp increase in inflation Description For more than a year, inflation will be higher than the Bank of England’s 2% target, which will impede UK economic growth and deplete workers’ finances, a new report says. According to consulting firm the EY Item Club, prices are predicted to decrease considerably more slowly than initially anticipated because of the continued high cost … Read more For more than a year, inflation will be higher than the Bank of England’s 2% target, which will impede UK economic growth and deplete workers’ finances, a new report says. According to consulting firm the EY Item Club, prices are predicted to decrease considerably more slowly than initially anticipated because of the continued high cost of food and energy. Inflation in the UK climbing   Inflation in the UK is expected to average 7.6% this year, up from the group’s April prediction of…

  Article 2023年7月24日

• Shiba Inu’s marketer raises alarm on potential Shibarium scams amid blockchain hype

  TL;DR Breakdown LucieSHIB, the official Shiba Inu marketer, warns of potential scams on Ethereum’s Shibarium. Shibarium’s openness exposes vulnerabilities to fraud; malicious actors can exploit the system. Lucie advises users to verify channels, community vibes, social media, and Etherscan activities.   Description LucieSHIB, the official marketer of the Shiba Inu cryptocurrency, has issued a public warning regarding potential scams on Shibarium, the highly anticipated Ethereum (ETH) Layer-2 scaling protocol. This cautionary message comes amid claims by Shiba Inu’s chief creator, Shytoshi Kusama, about blockchain‘s potential to revolutionize decentralization. Shibarium, similar to other blockchains like Polygon (MATIC) and … Read more LucieSHIB, the official marketer of the Shiba Inu cryptocurrency, has issued a public warning regarding potential scams on Shibarium, the highly anticipated Ethereum (ETH) Layer-2 scaling protocol. This cautionary message comes amid claims by Shiba Inu’s chief creator, Shytoshi Kusama, about blockchain‘s potential to revolutionize decentralization. Shibarium, similar to other blockchains like Polygon (MATIC) and Ethereum (ETH), offers an open platform for development, but this openness also exposes it to vulnerabilities. The risk lies in the fact that malicious actors…

  Article 2023年8月17日

• Hana bank leads South Korea’s quest for secure monetary solutions

  TL;DR Breakdown South Korean banking sector seeks secure alternatives to stablecoins and CBDCs. Hana Bank and Woori Bank actively participate in South Korea’s CBDC exploration. Regulators closely monitor stablecoins while embracing more stable CD tokens. Description The banking sector in South Korea has been actively exploring alternatives to stablecoins and Central Bank Digital Currencies (CBDCs) as they search for secure and efficient monetary options. Leading banks in the region have shown a keen interest in Certificate of Deposit (CD) accounts, indicating a growing trend towards blockchain-based monetary solutions proposed by the … Read more The banking sector in South Korea has been actively exploring alternatives to stablecoins and Central Bank Digital Currencies (CBDCs) as they search for secure and efficient monetary options. Leading banks in the region have shown a keen interest in Certificate of Deposit (CD) accounts, indicating a growing trend towards blockchain-based monetary solutions proposed by the central bank. Hana Bank, a prominent financial institution in South Korea, has internally decided to participate in the CBDC project initiated by the Bank of Korea. As part of this decision,…

  Article 2023年7月25日

• That US recession is coming and this is why

  TL;DR Breakdown Economist Steve Hanke warns of a looming US recession due to monetary supply contraction. Despite the Fed’s focus on interest rates, Hanke argues the reduction in money supply is a critical concern. Predicted economic downturn is tied to monetary supply contractions, could happen within 6-18 months. Description The ominous shadow of a potential recession looms over the United States. Despite economic indicators demonstrating resilience, underlying factors suggest a forthcoming recession could be inevitable. The complexities surrounding the Federal Reserve’s decisions, the state of the monetary supply, and market trends point towards an impending economic contraction. Monetary supply and the Fed’s role Internationally … Read more The ominous shadow of a potential recession looms over the United States. Despite economic indicators demonstrating resilience, underlying factors suggest a forthcoming recession could be inevitable. The complexities surrounding the Federal Reserve’s decisions, the state of the monetary supply, and market trends point towards an impending economic contraction. Monetary supply and the Fed’s role Internationally recognized economist, Steve Hanke, recently shared his insights on this unfolding narrative. Amid the Fed’s decision to hold…

  Article 2023年6月20日

• BRICS Bloc confirms the status of its new members

  TL;DR Breakdown A Russian diplomat has confirmed that the newly invited members of the BRICS have accepted the invitation. BRICS members to decide on balance at the next summit. Description The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations … Read more The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations were accepted, affirming the shared desire to enhance collaboration and cooperation within BRICS. Russian diplomat hails the positive start to the expansion Russian Deputy Foreign Minister Sergey Ryabkov, a prominent figure in the summit, revealed that all…

  Article 2023年8月27日