Global economy

ShapeShift CEO predicts that the battle between crypto and governments is far from over

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Time Stamp: April 15, 2023 11:30 AM - Modified On: April 15, 2023 - Published By:
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The world of cryptocurrency has been a topic of debate for quite some time now. While some people believe that it is the future of finance, others are skeptical about its potential and the impact it could have on the global economy. One person who has been vocal about his views on the matter is Erik Voorhees, the CEO of ShapeShift.In a recent interview with Yahoo Finance, Voorhees predicted that the battle between cryptocurrency and governments is far from over. He believes that governments will continue to try and regulate

XAU/USD Breaks Out of Pennant Pattern, Gold Price Predicted to Rise to $2,043

Source Node: https://platodata.network/platowire/xau-usd-breaks-out-of-pennant-pattern-gold-price-predicted-to-rise-to-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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The XAU/USD, also known as the gold price, has recently broken out of a pennant pattern, which is a bullish signal for the precious metal. This breakout has led many analysts to predict that the gold price will rise to $2,043 in the near future.A pennant pattern is a technical analysis chart pattern that forms when there is a period of consolidation after a strong price movement. The pattern is formed by two converging trendlines that form a triangle shape. The pennant pattern is considered a continuation pattern, which means

XAU/USD Pennant Breakout Confirmed, Gold Price Expected to Rise Towards $2,043

Source Node: https://platodata.network/platowire/xau-usd-pennant-breakout-confirmed-gold-price-expected-to-rise-towards-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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The XAU/USD pennant breakout has been confirmed, and gold prices are expected to rise towards $2,043. This news has sent shockwaves through the financial world, as investors scramble to position themselves for the expected surge in gold prices.The XAU/USD pennant breakout is a technical analysis pattern that occurs when the price of gold forms a triangle shape on a chart. This pattern is formed when the price of gold is consolidating after a significant move up or down. The pennant pattern is characterized by a series of lower highs and

Balaji Srinivasan Invests in Hyperinflation as a Potential Economic Outcome

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Time Stamp: March 24, 2023 12:00 PM - Modified On: March 24, 2023 - Published By:
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Balaji Srinivasan, a prominent Silicon Valley investor and entrepreneur, has recently made headlines for his unconventional investment strategy. Instead of investing in traditional assets like stocks and bonds, Srinivasan has been putting his money into hyperinflation as a potential economic outcome.Hyperinflation is a phenomenon where the value of a currency rapidly decreases, leading to a sharp increase in prices for goods and services. This can be caused by a variety of factors, including excessive government spending, a loss of confidence in the currency, or a sudden increase in the money

Balaji Srinivasan Places a Wager on the Possibility of Hyperinflation

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Time Stamp: March 24, 2023 12:00 PM - Modified On: March 24, 2023 - Published By:
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Balaji Srinivasan, a prominent Silicon Valley investor and entrepreneur, has recently made headlines for placing a significant wager on the possibility of hyperinflation in the United States. Srinivasan, who is known for his expertise in cryptocurrency and blockchain technology, has long been a vocal critic of the traditional financial system and its reliance on central banks and fiat currency.In a recent tweet, Srinivasan announced that he had purchased $1 million worth of call options on the cryptocurrency platform Polkadot, with a strike price of $40 and an expiration date of

A Comprehensive Look at the Intersection of Quantum Technology and Economics in “Inside Quantum Technology’s Inside Scoop”

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Time Stamp: March 24, 2023 9:05 AM - Modified On: March 24, 2023 - Published By:
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Quantum technology has been making waves in the scientific community for several years now. It has the potential to revolutionize various industries, including healthcare, finance, and transportation. However, one area that is often overlooked is the intersection of quantum technology and economics. In this article, we will take a comprehensive look at the role of quantum technology in economics and how it can impact the future of the global economy.Quantum technology refers to the use of quantum mechanics to develop new technologies. Quantum mechanics is a branch of physics that

Understanding the reasons behind the decline of Silicon Valley Bank

Source Node: https://zephyrnet.com/listen-the-downfall-of-silicon-valley-bank/
Time Stamp: March 21, 2023 5:31 PM - Modified On: March 21, 2023 - Published By:
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Silicon Valley Bank (SVB) has been a prominent player in the tech industry for decades, providing financial services to startups and established companies alike. However, in recent years, the bank has experienced a decline in its performance, leading many to wonder what has caused this shift. In this article, we will explore the reasons behind the decline of Silicon Valley Bank.1. Increased competitionOne of the primary reasons for SVB's decline is the increase in competition. As the tech industry has grown, so too have the number of financial institutions offering

Weekly News Roundup for March 22, 2023: Stay Updated with Live Coverage

Source Node: https://zephyrnet.com/live-weekly-news-roundup-march-22-2023/
Time Stamp: March 21, 2023 3:38 PM - Modified On: March 21, 2023 - Published By:
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As the world becomes more interconnected, it is increasingly important to stay informed about current events. The Weekly News Roundup for March 22, 2023 is a great way to stay updated on the latest news from around the world. This weekly news roundup provides live coverage of the most important events and developments from the past week.One of the biggest stories from this past week was the ongoing conflict in the Middle East. The situation in Syria continues to escalate, with reports of chemical weapons attacks and airstrikes causing widespread

David Plouffe, Former White House Senior Advisor, Joins Alchemy Pay Advisory Board to Offer Expertise and Guidance.

Source Node: https://zephyrnet.com/former-white-house-senior-advisor-david-plouffe-joins-alchemy-pay-advisory-board/
Time Stamp: March 21, 2023 1:00 PM - Modified On: March 21, 2023 - Published By:
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David Plouffe, the former White House Senior Advisor, has joined Alchemy Pay's advisory board to provide his expertise and guidance. Alchemy Pay is a leading cryptocurrency payment platform that enables merchants to accept digital currencies as a form of payment. Plouffe's addition to the advisory board is expected to help Alchemy Pay expand its reach and improve its services.Plouffe is a well-known political strategist and campaign manager who played a key role in Barack Obama's successful presidential campaigns in 2008 and 2012. He has also worked as a political commentator

Euro Continues to Rise as Market Turmoil Subsides: EUR/USD Update

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Time Stamp: March 21, 2023 6:51 AM - Modified On: March 21, 2023 - Published By:
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The Euro has been on a steady rise against the US dollar in recent weeks, as market turmoil subsides and investors regain confidence in the global economy. The EUR/USD exchange rate has climbed from around 1.17 in early August to over 1.19 at the time of writing, marking a significant increase in value for the Euro.One of the main factors driving this upward trend is the easing of tensions surrounding the ongoing trade dispute between the US and China. While the two countries have yet to reach a formal agreement,

Yen Strengthens Ahead of Federal Reserve, Swiss National Bank, Bank of England Meetings and Purchasing Managers Indexes

Source Node: https://zephyrnet.com/forex-today-yen-gains-in-rough-waters-ahead-of-fed-snb-boe-and-pmis/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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The value of the Japanese yen has been strengthening ahead of the upcoming meetings of the Federal Reserve, Swiss National Bank, and Bank of England, as well as the release of Purchasing Managers Indexes (PMIs). This is due to investors looking for safe-haven assets in the face of global economic uncertainty.The Federal Reserve, Swiss National Bank, and Bank of England are all scheduled to meet in the coming weeks to discuss their respective monetary policies. These meetings are likely to have a significant impact on the global economy, and investors

XAU/USD Gold Price Gains Over 3%, Reaches $2,000 Forecast

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-gains-more-than-3-approaches-2000/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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The XAU/USD gold price has recently gained over 3%, reaching the $2,000 forecast. This is a significant milestone for the precious metal, which has been on a steady rise since the start of the pandemic. The increase in gold prices is being attributed to a variety of factors, including a weak US dollar, geopolitical tensions, and central bank stimulus programs. The US dollar has been weakening due to a variety of factors, including the Federal Reserve’s decision to keep interest rates low and the US government’s increasing debt levels. This