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.3blmedia.com/news/regions-bank-named-2024-gallup-exceptional-workplace-award-winner
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3blmedia
Regions Bank Named 2024 Gallup Exceptional Workplace Award Winner
Company's outstanding workplace culture is recognized for the 10th year.
BIRMINGHAM, Ala., April 15, 2024 /3BL/ - Regions Bank on Monday announced the company has been recognized as a 2024 Gallup...
Company's outstanding workplace culture is recognized for the 10th year.
BIRMINGHAM, Ala., April 15, 2024 /3BL/ - Regions Bank on Monday announced the company has been recognized as a 2024 Gallup...
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https://news.bitcoin.com/russian-companies-actively-using-crypto-russia-to-adopt-4-relevant-laws-official-says/
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News
Russian Companies 'Actively' Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are...
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are...
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https://www.jdsupra.com/legalnews/corporate-transparency-wave-new-york-9627548/
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Jdsupra
The federal Corporate Transparency Act (the "CTA") has prompted certain states to consider their own laws aimed at increasing the transparency of beneficial ownership. This article delves into the recently enacted New York Limited Liability Company Transparency Act, alongside similar proposed legislation in California, Massachusetts, and Maryland.
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https://www.insurancejournal.com/news/east/2024/02/01/758902.htm
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Insurancejournal
New York-based Insurtech platform Indemn announced it has closed a $1.9 million pre-seed funding round.
The round was led by venture capital firm Markd, with participation from Afterwork Ventures, Everywhere Ventures, and a group of investors from Australia and the U.S.
Established in 2021,...
The round was led by venture capital firm Markd, with participation from Afterwork Ventures, Everywhere Ventures, and a group of investors from Australia and the U.S.
Established in 2021,...
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https://www.benzinga.com/markets/cryptocurrency/24/07/39623408/bitcoin-hodling-and-meme-coin-gambling-are-cryptos-only-active-use-cases-founder-says
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Benzinga
Capriole Fund founder Charles Edwards expressed skepticism about the practical uses of cryptocurrencies in 2024. He questioned the real-world application of Solana SOL/USD, Ethereum ETH/USD, and others.What Happened: Edwards questioned the real-world utility of cryptocurrencies in the current...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.democracynow.org/2024/6/28/biden_and_trump_spar_over_economy
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Democracynow
We speak with two leading economists about Thursday'debate between President Joe Biden and former President Donald Trump, where the candidates sparred over tariffs, taxes, inflation and more. Trump repeatedly claimed that immigrants coming to the United States are stealing "Black jobs," which is a "fascist notion," says Darrick Hamilton, founding director of the Institute on Race, Power and Political Economy at The New School.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://dailyhodl.com/2023/08/10/jpmorgan-owes-3000000000-to-us-government-after-banking-crisis-drains-emergency-fund-report/
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Dailyhodl
America's biggest banks are preparing to pay billions of dollars to the Federal Deposit Insurance Corporation to replenish an insurance fund that's propping up the system. JPMorgan, Wells Fargo, Bank of America, Goldman Sachs, Morgan Stanley, PNC Financial Services Group and Citigroup will collectively pay $8.2 billion to restore the emergency fund, reports Reuters.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.jdsupra.com/legalnews/us-house-financial-services-committee-1539929/
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Jdsupra
Congress will be "starting from scratch" in attempting to establish a regulatory framework for stablecoins — an issue that many believe is the top digital asset legislative priority. On April 15, 2023, the US House Financial Services Committee (Committee) published a draft bill on the regulation of stablecoins in anticipation of a hearing by its Subcommittee on Digital Assets, Financial Technology and Inclusion (Subcommittee) on April 19.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://economictimes.indiatimes.com/industry/banking/finance/banking/paytm-payments-bank-crisis-rbi-extends-timeline-for-deposits-credit-transactions-till-march-15/articleshow/107756121.cms
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Economictimes
The Reserve Bank of India (RBI) on Friday extended the deadline for customers of Paytm Payment Bank to make deposits and credit transactions till March 15, an official document read.This decision comes amidst the ongoing crisis surrounding the bank, which has raised concerns among its customers...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://blockchain.news/news/cronos-welcomes-exaion-edf-subsidiary-as-new-validator
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Blockchain
Cronos (CRO), a prominent blockchain ecosystem that operates with Ethereum and Cosmos, has announced its latest partnership with Exaion, a subsidiary of EDF, Europe's largest electricity group. According to Cronos, this collaboration will see Exaion join the Cronos EVM network as a validator...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.jdsupra.com/legalnews/daily-financial-regulation-update-1433258/
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Jdsupra
The Federal Reserve Board published the minutes of the Federal Open Market Committee meeting held December 12-13, 2023. The U.House Committee on Financial Services announced the following hearings:. Capital Markets Subcommittee Hearing Entitled: "Examining the DOL Fiduciary Rule: Implications for Retirement Savings and Access" Digital Assets, Financial Technology and Inclusion Subcommittee Hearing Entitled: "Regulatory Whiplash: Examining the Impact of FSOC's Ever-Changing Designation Framework on Innovation" The U.House Committee on Small Business announced its January hearing schedule:.
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https://www.pymnts.com/news/ipo/2023/opendoor-cuts-more-staff-and-leads-fintech-ipo-index-down/
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Pymnts
Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at least one platform to scale back its headcount. Shares in Opendoor plunged 18.through the week, and the overall Index was off 0.through that timeframe.
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https://blockchain.news/news/exploring-blast-blast-yield-bearing-ethereum-layer-2-solution
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Blockchain
Blast, an Ethereum Layer 2 solution, is making waves in the crypto community with its unique integration of native yield for ETH and stablecoins. According to blog.bitfinex.com, this protocol distributes yield from decentralized sources like ETH staking and on-chain T-Bill protocols directly to...
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https://www.killerstartups.com/news/latin-fintech-boom-revives-despite-slump
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Killerstartups
Funding for Latin American startups saw a 70% decrease year-over-year in the second quarter, reflecting a difficult environment for entrepreneurs. However, investment flows did not decline further compared to Q1 2021, possibly indicating a stabilization in the global capital crisis. This stabilization suggests that investors are regaining confidence in the region's innovative potential and are adapting to the economic challenges faced by startups.
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https://blockchain.news/news/paradigm-onchain-gamings-transformative-potential-in-the-broader-landscape
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Blockchain
According to Paradigm,the gaming realm stands at the brink of a significant transformation, as the convergence of blockchain technology and gaming unveils numerous prospects and hurdles. A fresh piece from Paradigm.xyz offers an in-depth exploration of onchain gaming and its possible ripple...
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https://fitsmallbusiness.com/corporate-credit-card-policy/
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Fitsmallbusiness
We'll walk you through how to create a corporate credit card policy, from identifying its purpose and determining eligibility requirements to establishing employees' reporting requirements and having them sign the agreement. Your policy must cover rules on eligibility, spending limits,...
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https://www.jdsupra.com/legalnews/daily-financial-regulation-update-5661485/
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Jdsupra
The U.House Committee on Financial Services held a hearing entitled, "AI Innovation Explored: Insights into AI Applications in Financial Services and Housing." The Bank Policy Institute, with the American Bankers Association (ABA), Consumer Bankers Association (CBA), and the National Bankers Association (NBA), submitted a joint statement for the record for the hearing, "Instant Payments, Instant Losses: Zelle and the Big Banks Fail to Protect Consumers from Fraud." U.Department of the Treasury - Janet Yellen (effective January 26, 2021).
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https://www.globalissues.org/news/2024/06/27/37075
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Globalissues
Organisations fighting inequality and hunger, such as the Oxfam coalition, support calls for the world's rich to be taxed more fairly. A new study, sponsored by Brazil, will be the basis for debating the issue among the world's most powerful economies. Credit: Oxfam by Humberto Marquez...
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https://www.textileworld.com/textile-world/fiber-world/2023/12/andritz-first-automated-textile-waste-sorting-and-recycling-line-in-france-inaugurated/
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Textileworld
GRAZ, Austria — December 2023 — France's first industrial plant for automated sorting and recycling of textile waste was officially inaugurated at Nouvelles Fibres Textiles, Amplepuis, on November 30, 2023. The plant is the result of an ambitious partnership between textile recycling company Nouvelles Fibres Textiles, waste sorting specialist Pellenc ST and international technology group ANDRITZ, a specialist in textile recycling machinery and processes.
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https://cryptopotato.com/multipool-partners-with-bso-enabling-ultra-fast-low-latency-trading/
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Cryptopotato
Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with industry-leading global connectivity provider BSO, enabling ultra-fast low latency trading on Multipool. The combined tech offers users a comprehensive suite of fully decentralized trading tools delivering the best DEX price execution in the industry.
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https://www.textileworld.com/textile-world/fiber-world/2024/07/indorama-ventures-secures-200-million-loan-from-the-international-finance-corporation-ifc-to-drive-sustainability-program/
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Textileworld
BANGKOK — July 2024 — Indorama Ventures, a global sustainable chemical producer, today announced it secured a new 7-year loan totaling $200 million from the International Finance Corporation (IFC) to help fund the continued growth of the company's strategic sustainability programs in India, Thailand and Indonesia, and promote a circular economy as the world's leading PET recycler.
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https://coinjournal.net/news/venezuela-halting-petro-crypto-amid-scandals-and-setbacks/
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Coinjournal
Venezuela officially halts Petro crypto after six years, converting assets to bolivar.
Petro faced scepticism and limited adoption.
Corruption scandal and crackdown on Bitcoin mining contributed to Petro's downfall.
Venezuela is officially discontinuing its controversial Petro cryptocurrency, a...
Petro faced scepticism and limited adoption.
Corruption scandal and crackdown on Bitcoin mining contributed to Petro's downfall.
Venezuela is officially discontinuing its controversial Petro cryptocurrency, a...