UBS Chief Economist Blasts Bitcoin (BTC) in Internal Blog Post

Paul Donovan, the global chief economist at Switzerland-based UBS Wealth Management, believes Bitcoin (BTC) may be on its death throes following its n...

CoinDesk Launches a Crypto Economic Data Platform

Major crypto news and multi-media outlet CoinDesk announced on Wednesday that it has launched the Crypto-Economics Explorer, a new data platform that ...

U.S. Stocks on Track for the Worst Month Since the Financial Crisis

Following a highly volatile day of trading, the S&P 500 finished down 0.85% on Monday, bringing the total monthly losses to 9.1%. This puts the in...

BofAML: $100 Oil Is a Threat to Global Economic Growth

A recent report by Bank of America Merrily Lynch asserts that rising oil prices stand as a non-trivial threat to global economic growth.If oil pri...

William Nordhaus and Paul Romer Win the Nobel Prize in Economics

The Nobel Prize in Economic Sciences has officially been awarded to William D. Nordhaus of Yale University and Paul M. Romer of the NYU Stern School o...

U.S. Deficit up 17% in 2018 to $782 Billion, Projected to Hit $1 Trillion by 2020

The United States federal budget deficit rose to $782 billion for the 2018 fiscal year, according to the Congressional Budget Office (CBO), Congress' ...

Turkey’s Crypto Exchanges See Spike in Trading Volume as the Lira Collapses

Global equity markets struggled to close out the week after the Turkish lira dropped 17% against the U.S. dollar, sending the lira to its lowest point...

What Paul Krugman Overlooks About Cryptocurrency

On July 31, the New York Times published an opinion piece by economist Paul Krugman titled "Transaction Costs and Tethers: Why I’m a Crypto Skeptic," ...

Venezuela Bypasses Trump’s Sanctions on State Cryptocurrency Using Russian Banks

Venezuela has been the center of global news for all the wrong reasons. From a corrupt and power-hungry government to ongoing riots and a starving pop...