U.S. fed seen aggressively hiking to 5 per cent, triggering global recession - BNN Bloomberg

U.S. fed seen aggressively hiking to 5 per cent, triggering global recession - BNN Bloomberg: Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching five per cent by March 2023, moves that seem likely to lead to a

The U.S. Fed is failing in four ways: Mohamed A. El-Erian - BNN Bloomberg

The U.S. Fed is failing in four ways: Mohamed A. El-Erian - BNN Bloomberg: OPINION: The U.S. Fed has yet to make the comprehensive analytical shift from a world dominated for years by deficient aggregate demand to the current one where deficient aggregate supply plays an important role.

Singapore Property Is Unaffordable, Six Out of 10 People Say - BNN Bloomberg

Singapore Property Is Unaffordable, Six Out of 10 People Say - BNN Bloomberg: (Bloomberg) -- Singapore is defying a global property downturn, fueling concerns about affordability within the city-state.

Kissinger Nails It.

EU Says Opening Ruble Accounts for Russian Gas Breaks Sanctions - BNN Bloomberg

EU Says Opening Ruble Accounts for Russian Gas Breaks Sanctions - BNN Bloomberg: The European Union said that gas companies would violate sanctions if they open bank accounts in rubles to buy Russian gas, but can still purchase the fuel if they follow the bloc’s guidance.

Biden Orders Quantum Computing Drive as China Challenge Grows - BNN Bloomberg

Biden Orders Quantum Computing Drive as China Challenge Grows - BNN Bloomberg: (Bloomberg) -- President Joe Biden will sign directives on Wednesday aimed at preparing the U.S for a new era of quantum computing, as Chinese agencies and companies pour billions of dollars into the next-generation technology.

Israel Raises Cyber Standards in Bid to Boost Digital Defenses - BNN Bloomberg

Israel Raises Cyber Standards in Bid to Boost Digital Defenses - BNN Bloomberg: (Bloomberg) -- Israel will require all telecommunications companies to implement a cybersecurity program to filter out digital attacks. The initiative is an effort to protect the country’s critical assets from what officials say are increasingly frequent cyberattacks.

Eni Prepares to Open Ruble Accounts for Gas as EU Warns Firms - BNN Bloomberg

Eni Prepares to Open Ruble Accounts for Gas as EU Warns Firms - BNN Bloomberg: Italian energy giant Eni SpA is preparing to open ruble accounts at Gazprombank JSC, allowing it to potentially comply with Russian demands that gas must be paid for in local currency, according to people familiar with the matter.

Singapore’s Crypto Rules Must Be Strict But Clear, MAS Head Says - BNN Bloomberg

Singapore’s Crypto Rules Must Be Strict But Clear, MAS Head Says - BNN Bloomberg: The head of Singapore’s central bank defended what he called a “stringent” crypto licensing regime, citing risks to retail investors and the potential for digital assets to be used for money laundering and terrorism financing.

Dorsey Says Zuckerberg Should Have Focused on Bitcoin, Not Diem - BNN Bloomberg

Dorsey Says Zuckerberg Should Have Focused on Bitcoin, Not Diem - BNN Bloomberg: Block Inc. Chief Executive Officer Jack Dorsey criticized Meta Platforms Inc.’s failed cryptocurrency project, Diem, saying the company’s time would have been better spent focused on advancing Bitcoin.

Mark Zuckerberg’s Stablecoin Ambitions Unravel With Diem Sale Talks - BNN Bloomberg

Mark Zuckerberg’s Stablecoin Ambitions Unravel With Diem Sale Talks - BNN Bloomberg: The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure.

Biggest threat to global economy in 2022? Inflation, not Omicron - BNN Bloomberg

Biggest threat to global economy in 2022? Inflation, not Omicron - BNN Bloomberg: News flash: COVID isn’t going to be public enemy No. 1 for the global economy in 2022. The biggest dangers this year will stem from inflation and the risk that policymakers will call the post-COVID recovery wrong.

Ethereum Tests $3,000 as Diminished Risk Appetite Hits Highfliers - BNN Bloomberg

Ethereum Tests $3,000 as Diminished Risk Appetite Hits Highfliers - BNN Bloomberg: Ethereum is starting to test the closely watched $3,000 price threshold as the broader drop in risk appetite in some of the more speculative areas of markets continues to weigh on some of last year’s best performing assets.

Bitcoin: The End of Money as We Know It 2015, ECONOMICS Bitcoin: The End of Money as We Know It 2015, ECONOMICS The old saying "Money makes the world go around" rings true today and will most likely continue to do so until the end of time. But with the rise of Bitcoin, the future of money might potentially be web-based, non-physical, and decentralized, a radical departure from what we know of it today. Money is the one thing we have in common - no matter your nationality, gender, religion and background. It moves our lives, society and the world forward. We all strive to make and save money to purchase things we need (like food, shelter) and help us achieve our hopes and dreams. Cash or money for many of us is physical bills and coins issued by the government, which we, in turn, use or keep in banks. In the last decade however, Bitcoin (a form of digital/virtual currency, or cryptocurrency) has been forging ahead, gathering momentum and causing many financial and tech communities to take notice. Bitcoin was created in 2009 by an unknown individual or group of people (with the pseudonym Satoshi Nakamoto). It was his gift to the world; a means for people to break free from the economic bondage of modern banking and financial systems. It is an entirely independent new form of currency not controlled by any government, central bank or financial institution. No one owns Bitcoin, but it is owned by everyone who uses it. Its development is a direct reaction to the systemic corruption within the world's current financial systems and their continued manipulation of our hard-earned money. Throughout history, money has controlled the economy and to gain political power. A significant change to money was when the world's governments switched from hard currency to fiat currency in the mid-20th century. Hard currency is when the value of money is pegged to a tangible commodity like Gold or Silver. Fiat currency, on the other hand, is when governments create money, declare its value without the need for it to be guaranteed or backed by anything other than for us to trust their word. Today, central banks all over the world create money out of "nothing" (called "magic money"). This money is funded by debts, interest payments and the like, a scheme most financial institutions push, even though it devalues money through inflation. It allows them to take more of our cash while we are clueless about what is happening. With Bitcoin it is hoped that individuals will have greater control of their money and enjoy lower interest rates and fees. It does not have a physical representation, and all individual balances and debts are listed on a decentralized and open ledger with universal access for full transparency. In today's internet-driven world, Bitcoin has the potential to empower about three to four billion people in the third world by removing the crippling 10 to 30% service fees from companies like Western Union when they need to send or receive money. Though it's only been a decade since Bitcoin dropped, its future could swing either way. Will the world continue with the current financial setup? Or will Bitcoin disrupt and transform the traditional financial world? Only time will tell. Directed by: Torsten Hoffmann, Michael Watchulonis

Crypto Exchanges Eye Taking on Robinhood With Expansion Into Stock Trading - BNN Bloomberg

Crypto Exchanges Eye Taking on Robinhood With Expansion Into Stock Trading - BNN Bloomberg: Cryptocurrency exchanges FTX US and Bitstamp Ltd. are exploring offering equities trading in the U.S., a move that’d allow them to diversify while venturing into the territory of traditional financial firms and popular app providers such as Robinhood Markets Inc.

Cryptocurrencies,Time and Freedom.: NFT Market Surpassed $40 Billion in 2021, New Esti...

Cryptocurrencies,Time and Freedom.: NFT Market Surpassed $40 Billion in 2021, New Esti...: NFT Market Surpassed $40 Billion in 2021, New Estimate Shows - BNN Bloomberg : Nearly $41 billion worth of cryptocurrency was sent to two t...

NFT Market Surpassed $40 Billion in 2021, New Estimate Shows - BNN Bloomberg

NFT Market Surpassed $40 Billion in 2021, New Estimate Shows - BNN Bloomberg: Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis Inc.

Scions of Secretive Singapore Tycoons Want to Create an NFT Club - BNN Bloomberg

Scions of Secretive Singapore Tycoons Want to Create an NFT Club - BNN Bloomberg: A pair of scions from Singapore’s wealthiest families are teaming up to create a private NFT-based social networking app, becoming the latest among the well-heeled to jump aboard an intensifying crypto craze.

Ray Dalio Says Cash, Bonds ‘Stupid to Own’ Amid Money Printing - BNN Bloomberg

Ray Dalio Says Cash, Bonds ‘Stupid to Own’ Amid Money Printing - BNN Bloomberg: Ray Dalio renewed his warning about holding cash and bonds on Tuesday amid the ongoing, pandemic-fueled increase in debt creation and monetization in the U.S.

Biden keeps Powell as U.S. Fed chair, names Brainard vice chair - BNN Bloomberg

Biden keeps Powell as U.S. Fed chair, names Brainard vice chair - BNN Bloomberg: President Joe Biden selected Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevated Governor Lael Brainard to vice chair, maintaining consistency at the central bank as it grapples with the fastest inflation in three decades and the lingering effects of the coronavirus.