What is a central bank digital currency (CBDC)? Central bank digital currencies (CBDCs) have recently emerged as a hot topic in the financial space. Banks, Institutions, and governments are performing research and analysis on the economic and technical feasibility of introducing a new form of digital money and its impact on monetary and fiscal policy. […]
The U.S. Federal Reserve is set to launch its digital payments system, FedNow, in July. Described by Richmond Fed President Tom Barkin as “resilient, adaptive, and accessible,” the system aims to facilitate faster, lower-cost bill payments, money transfers, and other consumer activities. However, as central banks globally pursue Central Bank Digital Currencies (CBDCs), concerns arise […]
More than 13 months since the Ukraine-Russia war began and an avalanche of sanctions and restrictions hit the Vladimir Putin-led country, it seems that Russia is taking its relationship with some allies to a new level. The ties between Russia, China, India and other BRICS nations appear poised to go a step further with the […]
Predictions about the BRICS countries as the fastest growing economies haven’t quite panned out. Instead, the alliance is now offering a diplomatic forum and development financing, outside of the Western mainstream. The acronym began as a somewhat optimistic term to describe what were the world’s fastest-growing economies at the time. But now the BRICS nations […]
Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on. From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and alternative medium […]
(CNN) A winter storm and lengthy cold snap have crippled power facilities in Texas and caused about 2.3 million outages as of Wednesday evening, leaving residents in the cold and dark for several days. The lack of power to about a quarter of the state has created a widespread emergency, with families huddling in homes […]
An unidentified hacker has accessed the computer systems for the water treatment facility in the city of Oldsmar, Florida, and has modified chemical levels to dangerous parameters. News of the attack was disclosed today in a press conference by city officials. The intrusion took place on Friday, February 5, when the hacker accessed a computer […]
Have you ever googled yourself? A crush? Your neighbors? 57% of Americans admit to keeping an eye on their online reputation, and 46% admit to using the internet to look up someone from their past. But Google is just the tip of the iceberg when it comes to finding personal information. There’s a new website […]