Biden Makes Threats, UAE and India Place Bets on Russia
The US has recently recalled a cable that labeled neutral or abstaining parties from the Ukraine conflict as in “Russia’s camp”. This report comes after Opec+ recommitted to their deal…
Russia Denies Satellite Hacking and Warns of Wider War
Russia has warned that any cyber-attack on its satellite systems will be treated as an act of war as tensions with the West rise over its invasion of Ukraine. According…
War in Ukraine
Russia attacks Ukraine as Putin warns countries who interfere will face consequences you have never seen KYIV, Ukraine — Russian troops launched a wide-ranging attack on Ukraine on Thursday. President…
Russia discusses Bitcoin regulation
The Russian Ministry of Finance begins public discussions on the regulation of cryptocurrencies like Bitcoin and others. The Russian Ministry of Finance announced the beginning of the development of two…
Fiat Money: What It Is, How It Works, Example, Pros & Cons
What Is Fiat Money? Fiat money is a government-issued currency not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The…
Edward Snowden warns weakening encryption would have dire consequences: ‘Privacy is power.’
LONDON — Undermining encryption systems to give governments access to people’s personal messages would be a “colossal mistake” with fatal consequences, former U.S. whistleblower Edward Snowden has warned. “Privacy is…
Office of the Comptroller of the Currency (OCC) Structure, Powers
What Is the Office of the Comptroller of the Currency? The Office of the Comptroller of the Currency (OCC) is a federal agency that oversees the execution of laws relating…
Aggregate Demand: Formula, Components, and Limitations
What Is Aggregate Demand? Aggregate demand measures the total demand for all finished goods and services produced in an economy. Aggregate demand is the total amount of money exchanged for…
Bitcoin Price Tumbles as Chinese Notices Roil Market
Crypto prices fall as China’s government agencies reiterated a tough stance towards Bitcoin. Prices for Bitcoin (BTCUSD) and other major cryptocurrencies plunged Friday morning after Chinese authorities reiterated their tough…
Oceans Apart: Crypto Regulation in the US and EU
The differences between U.S. and EU approaches to crypto asset regulation are even more complicated than they appear. Please spare a thought for the financial regulators: the American ones, with…