South Asian country Sri Lanka is battling its worst economic meltdown; citizens are suffering for the basics. Inflation stood at 54.2%, while the economy shrunk by 8%. A billionaire cryptocurrency gos...
Tag: Crisis
Central Bank of Sri Lanka insists Bitcoin will not fix economic crisis
Tim Draper’s attempt to bring Bitcoin to Sri Lanka was firmly rejected by the country’s President Ranil Wickremesinghe, according to Bloomberg News. Despite President Wickremesinghe declaring the coun...
China’s real estate crisis isn’t over yet, IMF says
China’s real estate market has slumped in the last two years after Beijing cracked down on developers’ high reliance on debt for growth. Future Publishing | Future Publishing | Getty Image...
Europe Didn’t Escape An Energy Crisis Just Yet
European Commission President Ursula Van Der Leyen. So far, Europe has done better than expected in … [+] dodging a severe energy crisis. Electricity costs are higher. And each country has its o...
Bundesliga Crisis Has Shades Of 1978
Bayern Munich star Leroy Sané shows his frustration as the Rekordmeister draws 1-1 for the third … [+] time in a row breaking a record dating back to 1978 (Photo by Markus Gilliar – GES Sp...
Latin American Currency Area Bad News For Debt-Laden Countries Like Argentina
30 June 2002 Yokohama : FIFA World Cup Final – Brazil v Germany : Gilberto Silva of Brazil … [+] celebrates on a lap of honour, holding the Brazilian flag (photo by Mark Leech/ Getty Image...
Sean Dyche Could Be Perfect Manager For Everton In Midst Of Identity Crisis
NORWICH, ENGLAND – APRIL 10: Sean Dyche, Manager of Burnley looks on prior to the Premier League … [+] match between Norwich City and Burnley at Carrow Road on April 10, 2022 in Norwich, E...
Low Supplies Of Adderall And Prescription Startups Fueled Crisis
Topline Ritalin is the latest attention deficit hyperactivity disorder (ADHD) medication in short supply—after a months-long Adderall shortage—leaving patients who rely on these drugs to manage daily ...
Pakistan and Egypt at Risk of Currency Crisis – Trustnodes
Pakistan and Egypt are the latest countries to develop a monetary crisis as their currencies plunge while inflation jumps. Pakistan, a country with a GDP of $350 billion, is running out of money with ...
Nifty Gateway co-founders set to exit company amid Gemini crisis
Nifty Gateway co-founders are set to depart from their roles amid concerns of potential legal battles facing the platform’s parent company- Gemini. Nifty Gateway is an NFT marketplace that was founded...
The Bitcoin Mining Crisis – The Cryptonomist
The market prices of major companies engaged in the mining of Bitcoin and other cryptocurrencies collapse deeply. 2022 has thrown the entire crypto ecosystem into crisis, even spreading to the mining ...
Gemini lays off 10% of its staff amid Genesis and DCG lending crisis
Crypto exchange Gemini laid off 10% of its staff, The Information reported, citing a message that was sent to employees on Monday. Poor macroeconomic conditions and “unprecedented fraud...
Are we still in the throes of a global supply chain crisis?
This post was originally published on TKer.co The New York Giants appear to have a supply chain problem. In a research note to clients Friday, Wells Fargo’s Christopher Harvey flagged a locker-room in...
Debt-Ceiling Crisis: What Could Happen, According to History
The White House and Congress are locked in a standoff, once again, over whether to raise the debt ceiling—the legislative limit on the total amount of money the federal government is authorized to bor...
Switzerland Less Affected by Crypto Industry Crisis, Study Finds – Economics Bitcoin News
While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, mo...
Summers Warns of 1970s Crisis If Central Banks Relent on Rates
(Bloomberg) — Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere,” former US Treasury Secretary La...
BREAKING NEWS: Crypto Lender Genesis Files For Chapter 11 Bankruptcy As Crisis Deepens
Genesis Global Holdco, the parent company of embattled cryptocurrency lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection, becoming the latest firm to cave in to pressure in ...
WEF’s Annual Summit in Davos: Crypto Industry in Crisis?
The annual summit of WEF in Davos commenced on January 16. When comparing the last conference, the number of crypto enthusiasts was fewer. The attendees discussed their doubts regarding crypto and adv...
CoinDesk engages Lazard to explore sale as DCG crisis grows
Barry Silbert, Founder and CEO, Digital Currency Group Anjali Sundaram | CNBC Crypto trade publication CoinDesk is exploring a potential sale, hiring advisors at Lazard to weigh a move that would rem...
DCG Suspends Quarterly Dividends Amidst Genesis Crisis: Report
Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice. In an email to shareholders, as viewed by Bloomberg, the crypto investment...
Walgreens Strikes $83 Million Settlement With West Virginia Over Opioid Crisis
Topline Walgreens has agreed to pay West Virginia $83 million to settle allegations the pharmacy chain contributed to the opioid crisis in the state, which has the nation’s highest overdose death rate...
The FTX Crisis: Bankman-Fried Under Fire For Fund Mismanagement
A report has surfaced that details communications between the United States and Bahamian officials regarding investigations into FTX. The report indicates that officials from the Bahamas Financial Ser...
Silvergate posts $1 billion loss as crypto industry suffers a ‘crisis of confidence’
Crypto-focused bank operator Silvergate reported a more than $1 billion net loss for the fourth quarter as the sector suffered a “crisis of confidence.” Silvergate posted a net loss...
The price of eggs is soaring due to an ‘unprecedented’ crisis, trade strategist says — here’s 2 surging food stocks to help buck the slumping market
While it’s no secret that inflation has been running hot, the drastic increase in egg prices recently still took many people by surprise. Data from the Bureau of Labor Statistics shows that the averag...
Cathie Wood Sees Bitcoin and Ethereum Coming Out of the Current Market Crisis Stronger ⋆ ZyCrypto
Advertisement     Cathie Wood, CEO of US-based investment management firm Ark Invest sees public blockchains like Bitcoin and Ethereum coming out ahead after the ongoi...
We Have a Too-Much-Federal-Revenue Problem, Not a Looming ‘Debt Crisis’
“American public debt is at economically damaging levels and growing at an unsustainable rate. Congress should stabilize federal debt to reduce the possibility of a fiscal crisis.” Those are the words...
Fourteen Years After Hudson Miracle, Hero Pilot Sullenberger Says Don’t Waste A Crisis
US Airway Captain Chesley “Sully” Sullenberger visits LGA on his first day back on the job in … [+] October 2009 . (Photo by Spencer Platt) Getty Images Fourteen years after he lande...
Opinion: Opinion: The debt ceiling is a farce, not a crisis
AUSTIN, Texas (Project Syndicate)—In his bid to become speaker of the U.S. House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Republican Congressman Ralph Norman of Sout...
How to innovate in a crisis — and thrive
A crisis is a terrific catalyst for innovation. When things are going smoothly, it’s easy to nod and agree to a concept like this; however, this belief can easily go out the window when the wheels are...
Bitcoin: U.S. Inflation, debt crisis, and more might threaten BTC’s 2023
Bitcoin is in the accumulation zone according to the BTC pricing model. Demand for BTC experiences a recovery as hopes for a recovery bloom. Bitcoin [BTC] investors are going through renewed hope for ...
These 2 states account for a third of America’s public sector pensions crisis
Step forward, California and Illinois! Your state and local pension funds are so badly funded that you two states, alone, account for about a third of the entire pension fund crisis of the entire coun...