Data is now a trillion-dollar industry, where most of it is harvested, siloed and monetized by large tech companies, and blockchain might be the only solution to fix that.
An economy is an area of production, distribution, trade and consumption of goods and services by different agents. Any given economy is a product of current and past culture, technology, education, social and political structure and other society characteristics that define an economy. Economics is a science field for sociology, history, geography, math and other disciplines, all of which combined have results in studying economic growth, the reasons for current economic events and their consequences.
As a result of historical progression, every economy of some time period is special in its own way. Technological progress has made it possible to build and internet-based economy and now it is evolving into a crypto-economy, based on blockchain technologies and digital money, which is much faster and more private than the old economic systems.
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility.3975
Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.29045
The bearish setup positions Ethereum price to extend the decline toward $2,000.34680
The pattern's neckline support near $1,984 emerges as Ether's downside target.38219
Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year.11601
Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve's taper outlook based on non-farm payroll numbers.14929
Long-dated U.S. Treasury yields are slumping ahead of the Jackson Hole meeting.6196
A nine-month blockchain initiative assessing the cost and time efficiency of the two countries’ digital verification systems has been deemed a success.9020
Fidelity says that 90% of its biggest clients are interested in accessing Bitcoin and other cryptocurrencies. The firm is now planning to open up the digital asset space to retail investors.14770
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials.24641
BTC price inched toward 2020's support with traders expecting more gains if a breakout occurs.18417
According to Jeffrey Gundlach, the trading pattern for Bitcoin may suggest a price drop below $30,000.11972
Market observers expressed more concerns over the Bitcoin price drop amid a significant projected spike in inflation.3174
Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday.7088