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

Proof-of-work Hearing, Robinhood on Crypto Investments, 55 ‘Rug-Potentials’ + More News

Source: Adobe/New Africa Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation news The United States House Committee on Energy and Commerce announced a hearing on the crypto industry’s energy consumption, which will take place on Thursday, January 20, 2022. … Read more

Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status

2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across Latin America, sending a strong signal that venture capital sees growth potential in the region.  The Series B fundraiser had participation from United States-based funds 10T and Tribal Capital, as well as Brazilian … Read more