As of October, Tether, the largest stablecoin in the world, is the fifth largest cryptocurrency in the world. As of October 18, Tether has a market capitalization of over US$69 billion. However, to make sense of this development, let’s break down what a stablecoin is, and then look at the various kinds of stablecoins and what the future holds for them.
A week after crypto mining operations in China’s Sichuan province came to a halt, the country has now declared all crypto transactions illegal. On September 24, ten Chinese government agencies, including the central bank, made a statement saying that they would work closely to ensure a “high-pressure clampdown” on crypto trading.
After the Evergrande crisis, another issue may threaten China’s GDP. This holiday season, some of us across the world may not get to buy smartphones and other goods for our loved ones. That’s because China’s state-mandated power cuts have forced factories to shut down and halt production. This will affect the supply of some sought-after products, like Apple and Tesla.
Deep technology is the latest addition to the startup universe and to the world of innovative problem-solving. The term “Deep Tech” was coined by Swati Chaturvedi, the founder of the digital investment platform PropelX. It refers to startup companies based on substantive scientific or technological innovation.
China’s second-largest property developer, Evergrande, is undergoing a severe liquidity crisis. The company’s shares are down 85% since January 2021, and they are US$300 billion in debt. In a bourse filing on September 14, 2021, Evergrande warned people of a possible liquidity crisis.
Over the last couple of years, tech giant Google has been getting caught up in antitrust lawsuits across the world. From 2017 to 2019, the tech company has been fined US$9.4 billion in Europe alone. In 2021, Google has been hit with a US$177 million fine in South Korea and is undergoing an investigation by the Competition Commission of India (CCI).
The global inflation rate in 2020 reached 3.2%, well above the acceptable rate of 2%. This rise in prices is known as inflation, and this was an issue heavily discussed at the Central Bank Jamboree Conference 2021. It indicates that the prices of most everyday products and services, such as food, clothing and housing, increased, as did their demand due to the pandemic.
According to a report by Financial Times (FT), China is planning to break up Ant Group’s online payment platform Alipay. The group has been instructed to create a separate application for its loan payment business. Ant Group’s shares have fallen by more than 4% since the news of the break-up first broke.
Federal Reserve Bank Chair Jerome Powell discussed his goals for maximum employment and price stability amid Covid-19. Every year in August, the world’s central bankers
Financial tips to manage difficulties in a business. 1. Pay a salary to yourself While running a small business, it can be easy to try
