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The suppression of the lira stems from Erdogan’s core idea that economic growth can be hampered by raising interest rates. Turkish President Recep Tayyip Erdogan has retained his seat after winning the past presidential election in the country and while this naturally calls for celebration, the outlook of the Lira
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On May 4, in a recent Youtube video, Validus Power Corp.’s executive director, Greg Foss, discussed the potential for the banking industry’s failures to wipe out $10 trillion in equity. Foss expressed his support for “hard assets” such as real estate, gold, and bitcoin. He believes that bitcoin, the leading
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Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A group of House Republicans has introduced a draft bill limiting the power of the Securities and Exchange Commission (SEC) over stablecoins used for payments. The bill, still under negotiation, was made public on April 24 and
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press release PRESS RELEASE. SINGAPORE – SAI.TECH Global Corporation, a clean-tech company specializing in Bitcoin mining, heating, and power industry, hosted its virtual corporate annual conference, SAITIME 2023 on April 20th at 08:30 EST. The virtual conference was hosted by founder & CEO Arthur Lee and was live-streamed on YouTube
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Microsoft has secretly been developing its own artificial intelligence (AI) chips to deal with the rising costs of development for in-house and OpenAI projects, per a report from The Information. Reportedly in the works since 2019, Microsoft’s recently revealed hardware venture appears to be designed to reduce the Redmond company’s reliance
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As for competitors, as ridiculous as it sounds, Gridless doesn’t really have any pure competitors at the moment. Sure, there are microgrid providers in Africa and, yes, there are companies and individuals mining bitcoin in Africa, but as for someone doing both? Gridless stands somewhat alone at the moment. Original Source
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A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March. The AIP-1.05 was defeated by 118 million
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent blog post, the creator of ethereum disclosed that he used ChatGPT 3.5 to develop a method for streamlining people’s use of public transportation. Vitalik Buterin outlines how decentralized autonomous groups and blockchain can
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