Economy
Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.
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https://www.foxbusiness.com/lifestyle/sam-bankman-fried-222m-bahamas-real-estate-holdings-go-on-market
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Foxbusiness
Cybersecurity lawyer Leeza Garber reacts to Sam Bankman-Fried's 25-year prison sentence and $11.2 billion fine on 'Making Money.' FTX will reportedly soon put Bahamas properties tied to Sam Bankman-Fried up for sale. The bankrupt cryptocurrency exchange could start its effort of offloading the...
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https://cryptopotato.com/kelp-dao-secures-9-million-in-private-sale-for-restaking-innovations/
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Cryptopotato
Kelp DAO, a liquid restaking platform, today announced the closure of a $9 million private sale round, a milestone in its mission to enhance decentralized finance (DeFi) and the restaking landscape. SCB Limited (a proprietary trading firm based in the Bahamas) and Laser Digital (Digital asset arm of Nomura Global) led the round with a combined $3.5 million investment.
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https://www.financemagnates.com/fintech/openpayd-teams-up-with-truelayer-to-enhance-global-payment-solutions/
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Financemagnates
OpenPayd, a global payments and Banking-as-a-Service
platform, has unveiled its collaboration with TrueLayer, Europe's open banking
payment network, aiming to enrich its instant payment solutions portfolio for
clients. OpenPayd's Secure A2A Payments Solution In this strategic partnership,...
platform, has unveiled its collaboration with TrueLayer, Europe's open banking
payment network, aiming to enrich its instant payment solutions portfolio for
clients. OpenPayd's Secure A2A Payments Solution In this strategic partnership,...
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https://economictimes.indiatimes.com/news/economy/policy/budget-2024-here-is-finance-minister-nirmala-sitharamans-full-budget-speech-click-to-read/articleshow/111956433.cms
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Economictimes
Budget 2024: Finance Minister Nirmala Sitharaman presented the Budget for 2024-25 on Tuesday, marking her seventh consecutive budget presentation, a new record surpassing former Prime Minister Morarji Desai. This budget is the first during Prime Minister Narendra Modi's third term. Sitharaman...
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https://www.luxurylifestylemag.co.uk/travel/the-luxury-hotels-around-the-world-that-are-embracing-cryptocurrency/
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Luxurylifestylemag
Over recent years, cryptocurrency trading has grown dramatically, and the advent of trading platforms and software like immediate-edge.co have made it possible for even complete amateurs to try their hand at buying and selling Bitcoin, Ethereum and other digital currencies.
As a result, as well...
As a result, as well...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.coindesk.com/markets/2024/06/24/first-mover-americas-mt-gox-repayments-worsen-btc-woes/
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Coindesk
Bearish sentiment became more pronounced in the crypto market early Monday after defunct crypto exchange Mt. Gox, which is supposed to return over 140,000 BTC to victims of a 2014 hack, said it will begin repayments next month. Bitcoin slipped to $60,723, registering an over 5% loss on a 24-hour...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://taxfoundation.org/taxedu/podcast/all/trump-vs-harris-taxes/
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Taxfoundation
What do the contrasting taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
proposals of Vice President Kamala Harris and former President Donald...
proposals of Vice President Kamala Harris and former President Donald...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.theguardian.com/politics/article/2024/jun/17/reform-uk-manifesto-key-proposals
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Theguardian
1. Economy and taxation In short: Liz Truss on steroids. There would be cuts to personal tax worth £70bn a year, including scrapping income tax below £20,000, and big cuts to stamp duty and inheritance tax. Cuts to business levies including corporation tax would cost £18bn a year. Reform says...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.finsmes.com/2024/10/paid-network-unveils-revolutionary-community-centric-crowdfunding-with-exclusive-lco-for-blast-royale.html
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Finsmes
PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. In a move set to redefine the blockchain investment landscape, PAID Network is introducing a first-of-its-kind community-centric investment model that, according to PAID, directly addresses the longstanding issues of low float and high Fully Diluted Valuations (FDVs).
FUTURE TIMELINE
COUNTRY FORECASTS
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https://cryptopotato.com/poscidondao-unveils-a-decentralized-future-for-personalized-medicine-research/
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Cryptopotato
PoSciDonDAO, an emerging organization in the Decentralized Science (DeSci) domain, has announced the launch of a decentralized autonomous organization (DAO) dedicated to funding personalized medicine research. Leveraging blockchain technology, PoSciDonDAO aims to improve efficiencies and transparency in research funding while enabling global collaboration to address life-altering diseases such as cancer, multiple sclerosis, and Alzheimer's disease.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://trak.in/stories/empowering-businesses-with-automated-cloud-powered-financial-management-check-this-amazing-journey-of-fintech-startup/
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Trak
In today's fast-paced, technology-driven business landscape, financial management has evolved beyond recognition. Enter HostBooks, a trailblazer in cloud-based banking solutions, revolutionizing the way businesses handle their finances. HostBooks is at the forefront of the digital transformation in financial management.
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https://www.cnbc.com/2024/01/10/states-have-been-eliminating-taxes-on-period-products-for-years.html
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Cnbc
Lacey Gero, director of government relations for the Alliance For Period Supplies, said Southeastern states often follow Texas' model for their own legislation, so more may eliminate tampon taxes in the coming years. "We've already heard from states like Alabama, where there is going to be a big bipartisan push for legislation to exempt both diapers and period products from sales tax this year," she said.
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https://www.jdsupra.com/legalnews/daily-financial-regulation-update-1018556/
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Jdsupra
Federal Reserve Board Vice Chair for Supervision Michael S Barr delivered a speech at the Brookings Institution on re-proposal of regulations to implement the Basel III Endgame. The House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled "Decoding DeFi: Breaking Down the Future of Decentralized Finance." Federal Reserve Board Governor Michelle Bowman delivered a speech at the Executive Council of the Banking Law Section of the Federal Bar Association.
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https://www.cato.org/blog/research-shows-taxes-matter-investment-growth
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Cato
New research shows that the 2017 tax cuts significantly raised business investment and boosted economic growth. This most recent study is the latest entry in a long catalog of economic research that finds taxes matter for investment, economic growth, and labor market outcomes. Despite this...
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https://www.financemagnates.com/fintech/usdc-issuer-circle-announces-entry-into-brazils-fintech-sector/
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Financemagnates
Circle, a global financial technology firm and issuer of the
regulated stablecoin USDC, has disclosed its official entry into the Brazilian
market. This strategic manoeuvre aims to offer USD-backed digital currency and
infrastructure to a region known for its burgeoning fintech landscape....
regulated stablecoin USDC, has disclosed its official entry into the Brazilian
market. This strategic manoeuvre aims to offer USD-backed digital currency and
infrastructure to a region known for its burgeoning fintech landscape....
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https://www.daytondailynews.com/local/banking-remains-a-challenge-for-dispensaries-post-ohio-cannabis-legalization/CMRR7YMVL5HG5MTQUU6HAT634Q/
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Daytondailynews
In the Dayton area, dozens of dispensaries began selling cannabis to recreational customers this month. As the industry continues to grow in the region, area cannabis businesses are looking toward new ways to collect payments from their customers.Beavercreek-based Wright-Patt Credit Union in 2018...
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https://www.pymnts.com/news/security-and-risk/2024/criminals-target-big-ticket-transactions-in-commercial-banking-fraud-surge/
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Pymnts
What's better than $10,000? Try $25 million. After all — why target individuals when you can target big ticket business-to-business (B2B) transactions. Phishing emails, malicious websites and social engineering are common methods used to deceive employees into clicking on fraudulent links or providing login credentials.
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https://www.retailbankerinternational.com/news/rakbank-to-transform-ai-applications-in-banking-operations-supported-by-microsoft/
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Retailbankerinternational
RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank.
The collaboration will focus on redefining compliance, anti-money laundering and combatting the financing of terrorism...
The collaboration will focus on redefining compliance, anti-money laundering and combatting the financing of terrorism...
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https://blog.scottlogic.com/2024/02/02/why-you-should-care-about-open-banking-in-the-us.html
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Blog
If you work in banking in the US, you should care about Open Banking. To help argue the case, I'm going to look at the legal changes in the US that will likely push towards an Open Banking standard, in a similar way to the UK. Drawing on evidence from the UK, I'm also going to argue that implementing Open Banking can reduce your regular operational costs as a bank - meaning that, regardless of regulatory change, it's worth doing.
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https://www.bostonherald.com/2024/09/12/recount-underway-for-razor-thin-cambridge-house-race-testing-massachusetts-incumbency-power/
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Bostonherald
Cambridge election officials kicked off a recount Thursday morning in the Democratic primary for a House seat held by Rep. Marjorie Decker, a six-term Democrat who faced a challenge from local organizer Evan MacKay.The contest between MacKay and Decker came down to the wire last week during the...
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https://sputnikglobe.com/20230830/hackers-attacking-czech-banks-demanded-to-stop-ukraines-financial-support---reports-1112999095.html
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Sputnikglobe
The Central European nation's cybersecurity agency (NUKIB) acknowledged earlier in the day that several domestic banks had been targeted by distributed denial-of-service attacks that cut off access to online and mobile banking platforms. A Czech news agency reported, citing NUKIB and the PwC consultancy, that the pro-Russian hacker group NoName057 was behind the attack on Komercni Banka, CSOB, Air Bank, Fio Banka and Ceska sporitelna.
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https://themerkle.com/bdag-leads-2024s-crypto-performers-with-pika-btc-eth/
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Themerkle
Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.