In response to the hyperinflation and devaluation of the Venezuelan bolivar, the Venezuelan government has announced that it is creating a new national currency, the bolivar soberano (sovereign bolivar), which will replace the existing bolivar fuerte (strong bolivar). The new national currency will be pegged to Venezuela’s oil-backed cryptocurrency, the petro. This is the first […]
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The July jobs report that was just published is another sign of the underwhelming continued growth of the economy. While economists predicted a gain of 193,000 jobs, the actual number was only 157,000, a pretty large miss. And while much of that was chalked up to a one-time hit from the closure of bankrupt toy […]
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History is full of examples of people who wished they had gotten in on a good investment before it hit the big time. From men who wished they had held on to their Mickey Mantle rookie cards rather than sticking them in the spokes of their bicycles, to those who wished they had invested in […]
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Another “stablecoin” has launched recently, with American multinational company IBM providing significant amounts of support. The idea behind a stablecoin is to produce a cryptocurrency that has a stable value. In this case the new cryptcurrency, USD Anchor, will have its units backed by US dollars. Those dollars will then be held in FDIC-insured accounts, […]
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Last week’s hearing with Federal Reserve Chairman Jerome Powell doesn’t inspire confidence that the Fed knows what it is doing. Much attention has been focused recently on the yield curve, the spread between 2-year and 10-year Treasury securities, which has become increasingly narrow in recent weeks. The spread is becoming so close, in fact, that […]
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The Litecoin Foundation has recently taken a step into the financial services world by taking a 9.9 percent stake in a German bank. The acquisition of that stake in the bank was undertaken in cooperation with a crypto startup called TokenPay. TokenPay is a Swiss company that seeks to establish a cryptocurrency payment platform that […]
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There’s a tendency, when looking at economic data, to look at aggregate measures and use them as proxies to determine the health of the economy. When looking at job numbers, for example, it’s tempting to look at figures for the total number of jobs, number of employment openings, and the unemployment rate to figure out […]
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There’s a tendency, when looking at economic data, to look at aggregate measures and use them as proxies to determine the health of the economy. When looking at job numbers, for example, it’s tempting to look at figures for the total number of jobs, number of employment openings, and the unemployment rate to figure out […]
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There’s a tendency, when looking at economic data, to look at aggregate measures and use them as proxies to determine the health of the economy. When looking at job numbers, for example, it’s tempting to look at figures for the total number of jobs, number of employment openings, and the unemployment rate to figure out […]
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As cryptocurrencies have become ever more popular over the past couple of years, more and more entities have become involved in issuing cryptocurrencies and digital tokens. One of the most popular methods recently of getting into the cryptocurrency market has been through initial coin offerings (ICOs). ICOs have gained the attention of both investors and […]
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