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Excessive credit creation and soaring public debts and budget deficits offer no scope for further monetary and fiscal stimuli to support economic activity in the United States. But there is plenty of room to rev up the U.S. economy through rising export sales and import substitution via incoming foreign direct […]
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The recent rash of bitcoin bomb threats is a new way of scaring people into coughing up their money. Thus far, it seems to have been unsuccessful. On Thursday, dozens of businesses, schools, government buildings, and even hospitals across the US, Canada, New Zealand, and Australia received bomb threats, mostly […]
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A new report commissioned by New Zealand’s innovation agency suggests the country is fertile ground for blockchain tech. New Zealand’s innovation agency has published an opportunity report on blockchain and distributed ledger technology (DLT) that picks out blockchain-based digital identities as way for the country to demonstrate expertise in the […]
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Amazon walks into the blockchain jungle, Vakt oil platform is pumping, and UAE gets serious about emerging tech. Plus, trouble with Iran. Amazon Steps into the Blockchain Jungle Amazon Web Services (AWS) is introducing two new services, including one managed blockchain product, to let customers set up “a scalable blockchain […]
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The International Monetary Fund has issued its World Economic Outlook for October 2018. Within the report, the IMF makes a notable but limited warning regarding cryptocurrencies. The International Monetary Fund (IMF) is composed of 189 member countries that work toward global monetary cooperation, financial stability, international trade, and sustainable economic […]
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One man’s petition to make XRP the official cryptocurrency of the next Olympic games has nearly 12,000 signatures … and zero chance of having an effect. An online petition, created months ago but recently gaining steam, has gained some attention this week in the crypto-press. The Change.org petition, apparently created […]
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U.S. President Donald Trump’s administration levied tariffs of 10 percent on $200 billion of Chinese products that include furniture and appliances, with the rate set to increase to 25 percent by year-end. In response, Chinese President Xi Jinping’s government imposed taxes on 5,207 kinds of U.S. products, valued at about […]
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The group was asked to clarify anti-money laundering standards at the July G20 meeting. The president of the Financial Action Task Force (FATF) believes it’s close to reaching a “consensus across nations” for anti-money laundering (AML) regulations and that global standards could be agreed upon as soon as October. The […]
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The ratcheting of the U.S.-China trade war is unfortunate and comes at a lousy time for farmers, according to Iowa Agriculture Commissioner Mike Naig. The state official said farmers in Iowa are in the harvest season for key crops such as soybeans and corn, which are among the farm commodities […]
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The recent appointment of Toshihide Endo may mean that the regulator’s stance on crypto regulations is softening. According to an August 22 report in Reuters, the new chief of Japan’s Financial Services Agency (FSA) sees no need for excessive regulations governing the use of cryptocurrency. Toshihide Endo, who was appointed […]
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