Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity. Source: https://cointelegraph.com/app/public/index.php/explained/what-is-quantitative-easing-and-how-does-it-work
Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity. Source: https://cointelegraph.com/public/index.php/explained/what-is-quantitative-easing-and-how-does-it-work
Mario and friends are heading back to the side-scrolling world—this time with a fantastical, almost psychedelic twist. Super Mario Bros. Wonder was revealed as part of Nintendo Direct back in June, and it’s set to be the biggest Switch release of the fall. The initial trailer showed a range of playable characters, new enemies, and mind-bending power ups, and the…
Although there are parallels between some measures taken in the world of cryptocurrencies and the consequences of quantitative easing, it is difficult to directly apply conventional ideas of monetary policy to cryptocurrencies due to their decentralized nature. In contrast to traditional financial systems, the idea of QE does not apply directly to the world of cryptocurrencies. Cryptocurrencies, such as Bitcoin…
Stuart Alderoty, Ripple’s Chief Legal Officer and General Counsel in the SEC v. Ripple Labs case, has characterized the United States Securities and Exchange Commission’s (SEC) latest submission as a “contradictory shift” and contends that it holds little sway. Following the recent filing by the U.S. SEC to reinforce its interlocutory appeal, Stuart Alderoty, Chief Legal Officer at Ripple, commented…
Two senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation on Friday, Sep. 8, as Congress intensifies its endeavors to regulate this emerging technology. The plan put forward by Senators Richard Blumenthal (D-Conn.) and Josh Hawley (R-Mo.) advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal…
Bold plans for a non-fungible token linked restaurant and private members lounge in San Francisco have come to an abrupt end, after the company behind the project halted construction due to challenging macroeconomic factors. The two venues were being built on Salesforce Park, and were going to be dubbed the “Sho Restaurant” and “Sho Club Sky Lounge.” The latter was…
Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC’s actions. In his statement, Tom Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his…
The U.S. Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when sold to retail investors. The agency argued that there are “knotty legal problems” surrounding the court’s application of the law — specifically the Howey Test…
Federal Reserve Vice Chair for Supervision Michael Barr has voiced concerns over the digital assets which largely serve as the backbone of the crypto economy: stablecoins. Barr said Friday at a Federal Reserve Bank of Philadelphia event that he was “deeply concerned” about stablecoin issuance without oversight from authorities. The central bank bigwig also said that the Fed had still…
