IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’

Kristalina Georgieva. Source: IMF /YouTube Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)’s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic fallout. Georgieva was speaking at an event … Read more

Misleading Memo for US House Hearing on Bitcoin & Ethereum Mining Includes ‘Basic Errors’

Source: Adobe/greenbelka A hearing on crypto mining scheduled to take place in the US House of Representatives Committee on Energy & Commerce this week is already raising alarms in the crypto industry as a pre-published memo revealed what some called “basic errors” in lawmakers’ understanding of the field. The hearing, titled Cleaning Up Cryptocurrency: The … Read more

Bitcoin’s & Ethereum’s Near-Term Moves Expected to Signal Further Direction

Source: Adobe/jaflippo The price of most major cryptoassets, including bitcoin (BTC) and ethereum (ETH) continued to fall on Monday, after mixed performance over the weekend for both of the two largest coins. The mixed market action has left traders uncertain about what to expect next, with some analysts saying the next near-term move will likely … Read more