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3232Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse
https://www.digit.info/peter-schiff-warns-of-looming-us-dollar-crisis-and-economic-collapse/
Sun, 25 Aug 2024 00:30:59 +0000https://www.digit.info/peter-schiff-warns-of-looming-us-dollar-crisis-and-economic-collapse/Read more]]>Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […]
]]>Nigerian Firms Forecast Further Naira Depreciation
https://www.digit.info/nigerian-firms-forecast-further-naira-depreciation/
Sat, 24 Aug 2024 00:30:32 +0000https://www.digit.info/nigerian-firms-forecast-further-naira-depreciation/Read more]]>A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future, […]
]]>China’s Inflation Rate Drops to Lowest in 18 Months
https://www.digit.info/chinas-inflation-rate-drops-to-lowest-in-18-months/
Tue, 11 Apr 2023 23:04:56 +0000https://www.digit.info/2023/04/11/chinas-inflation-rate-drops-to-lowest-in-18-months/Read more]]>The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s […]
]]>Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half
https://www.digit.info/bitcoin-halving-approaches-less-than-400-days-until-block-reward-subsidy-is-cut-in-half/
Wed, 29 Mar 2023 17:15:01 +0000https://www.digit.info/2023/03/29/bitcoin-halving-approaches-less-than-400-days-until-block-reward-subsidy-is-cut-in-half/Read more]]>According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block post-halving. In addition to […]
]]>Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
https://www.digit.info/federal-reserve-hikes-rate-by-25bps-to-keep-inflation-at-bay-aims-for-2-inflation-rate-by-2025/
Wed, 22 Mar 2023 19:05:17 +0000https://www.digit.info/2023/03/22/federal-reserve-hikes-rate-by-25bps-to-keep-inflation-at-bay-aims-for-2-inflation-rate-by-2025/Read more]]>Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run.
Fed Raises Rate Despite Calamity in the U.S. Banking Sector
[…]
]]>Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results
https://www.digit.info/ethereums-transition-to-proof-of-stake-yields-deflationary-results/
Mon, 20 Feb 2023 19:00:57 +0000https://www.digit.info/2023/02/20/ethereums-transition-to-proof-of-stake-yields-deflationary-results/Read more]]>After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]
]]>Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
https://www.digit.info/economist-mohamed-el-erian-predicts-sticky-inflation-despite-federal-reserves-efforts-to-bring-it-down/
Mon, 23 Jan 2023 17:00:17 +0000https://www.digit.info/2023/01/23/economist-mohamed-el-erian-predicts-sticky-inflation-despite-federal-reserves-efforts-to-bring-it-down/Read more]]>As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, […]
]]>‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake
https://www.digit.info/ultra-sound-money-simulation-shows-ethereums-inflation-rate-is-significantly-lower-using-proof-of-stake/
Thu, 29 Dec 2022 20:30:22 +0000https://www.digit.info/2022/12/29/ultra-sound-money-simulation-shows-ethereums-inflation-rate-is-significantly-lower-using-proof-of-stake/Read more]]>Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on […]
]]>Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
https://www.digit.info/gold-outshined-bitcoin-this-month-climbing-6-higher-amid-us-real-estate-slump-lower-cpi-data/
Sat, 19 Nov 2022 18:30:52 +0000https://www.digit.info/2022/11/19/gold-outshined-bitcoin-this-month-climbing-6-higher-amid-us-real-estate-slump-lower-cpi-data/Read more]]>This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts believe these economic trends contributed to pushing gold’s price up by […]
]]>Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low
https://www.digit.info/nigerian-currency-gains-versus-us-dollar-days-after-tapping-all-time-low/
Thu, 10 Nov 2022 10:30:37 +0000https://www.digit.info/2022/11/10/nigerian-currency-gains-versus-us-dollar-days-after-tapping-all-time-low/Read more]]>Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An economist has suggested that the Central Bank of Nigeria’s controversial currency plan is unlikely to halt the naira’s depreciation […]
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […]
]]>
A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future, […]
]]>
The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s […]
According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block post-halving. In addition to […]
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run.
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, […]
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on […]
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts believe these economic trends contributed to pushing gold’s price up by […]
Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An economist has suggested that the Central Bank of Nigeria’s controversial currency plan is unlikely to halt the naira’s depreciation […]