The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with e...
Tag: Crisis
U.S. CFTC Commissioner Said Crypto Recalls 2008 Financial Crisis
In a recent event, the CFTC Commissioner said that the oversight of CFTC is an answer to the possible financial stability risks. She mentioned that the crypto industry is repeating certain elements of...
‘We are facing a retirement crisis in our country,’ says head of TIAA, as ‘40% of Americans run the risk of running out of money’
“ ‘We are facing a retirement crisis in our country’” — Thasunda Brown Duckett, president and CEO of TIAA That’s CEO of TIAA Thasunda Brown Duckett, who oversees some $1.2 trillion of retirement asset...
Moldova bans crypto mining amid energy crisis
Moldova has banned crypto mining activities and the importation of its equipment because of the growing energy crisis, EPrimeFeed reported Oct. 26. According to the report, Moldova’s Commission for Em...
Crypto Echoes Risks of 2008 Financial Crisis, Says US CFTC Commissioner
“Cryptocurrency was supposed to break from the traditional financial system, and all of its fragility and vulnerabilities,” said Goldsmith Romero, who occupies one of the Democratic seats on the five-...
What does the global energy crisis mean for crypto markets?
There’s no denying that the world is currently facing an unprecedented energy crisis, one that has compounded severely in the aftermath of the COVID-19 pandemic so much so that countries across the gl...
‘Forceful’ Slowdown In Home Prices As Warning Signs Become ‘Eerily Similar’ To 2000s Crisis
Topline Home prices continued to decelerate at the fastest pace on record in August—intensifying a decline since this spring that has some experts worried the abrupt turnaround in the housing market c...
UK’s Rishi Sunak inherits a country in crisis as he takes over as prime minister
Rishi Sunak has been named as the U.K.’s new prime minister and the country’s first leader of color. Jeff J Mitchell | Getty Images News | Getty Images LONDON — Britain’s new Prime M...
Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets More Reactive to Inflation, Strong Dollar, Rate Hikes, Energy Crisis – Markets and Prices Bitcoin News
Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to v...
Gemini: is the crypto exchange in crisis?
A few days ago, news was published that caused some to fear that the crypto exchange Gemini may be in trouble. The news is that one of the two founders, Cameron Winklevoss, has resigned as director o...
U.S. Nuclear Reactors Among The Oldest In The World [Infographic]
The latest edition of the World Nuclear Industry Status Report shows that U.S. nuclear power plants are among the oldest in the world. The country’s 92 reactors currently in operation have a mean age ...
The Cost-Of-Living Crisis Is Making People Take Serious Risks With Food
A food safety watchdog is warning against eating food past use-by date getty In the midst of the UK’s current cost-of-living crisis, the Food Standards Agency (FSA) has warned consumers against eating...
How the Global Energy Crisis Impacts European Crypto Businesses
In the wake of the 2021-2022 global energy crisis, Bitcoin, Ethereum, and other popular cryptocurrencies began a steady descent from all-time highs in price. Nowhere is the energy crisis more acute th...
Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’ – Coinotizia
While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an...
Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’ – Economics Bitcoin News
While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an...
U.K. Inflation Soars To 10.1%—A 40-Year High As Cost-Of-Living Crisis Bites
Topline The rate of inflation in the U.K. jumped to a 40-year high in September amid soaring food and energy prices, deepening the country’s cost-of-living crisis and ramping up pressure on beleaguere...
Crypto Mining May be Sacrificed as EU Continues to Battle Energy Crisis
The European Commission is preparing the minds of leaders in its member states as they may need to halt cryptocurrency mining on their shores should the strain on the energy industry in the region dem...
Hedge Fund Titan Warns UK Pension Crisis Is Just the Start
(Bloomberg) — For one of the world’s largest hedge funds, the UK pension fund crisis is just starting as central banks around the world raise interest rates and turn off quantitative easing. Mos...
‘Emily the Criminal’ director Ford takes on student loan crisis
Emily the Criminal Courtesy: John Patton Ford In the new film “Emily the Criminal,” the title character, played by actress Aubrey Plaza, is almost always in a state of fear. There are mome...
Credit Suisse Slashes Assets and Staff; Deutsche Bank Faces Fresh Crisis
Credit Suisse is planning to decimate its workforce and sell off key assets as the institution attempts to emerge from a period of financial distress, and Deutsche Bank is being sued by an employee. C...
Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as ...
U.K. Crisis Escalates as Chancellor Kwasi Kwarteng Fired
U.K. Chancellor of the Exchequer Kwasi Kwarteng has been fired over his handling of a recent economic crisis that saw bond markets crash. He left an International Monetary Fund gathering in Washington...
US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis – Bitcoin News
A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the sta...
JPMorgan’s Michele Warns Mighty Dollar May Trigger Next Crisis
(Bloomberg) — Bob Michele, the outspoken chief investment officer of J.P. Morgan Asset Management, has a warning: the relentless dollar could forge a path to the next market upheaval. Most Read ...
U.S. should pump more oil to avert war-level energy crisis: JPMorgan’s Jamie Dimon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Bernanke Urges Attention to Crisis Risks Amid War, Dollar Surge
(Bloomberg) — Former Federal Reserve Chair Ben Bernanke, who won the Nobel Prize in Economics on Monday for his research on financial crises, urged policy makers to watch for any worsening of fi...
Cracks in financial markets fuel debate on whether the next crisis is inevitable
To paraphrase a quote by legendary investor Warren Buffett: It’s only when the tide goes out that you discover who’s been swimming without a suit. In this case, the metaphorical tide represents the en...
Heat wave crisis in Europe grows as locals lack air conditioners
Europe is facing a tough winter, as inflation and energy prices continue to rise. The continent also faces tough decisions following its scorching hot summer Heat waves in Europe broke records, sparke...
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of turmoil is “unlikely,” it says. We can only add...