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Economics News

A collection of 554 issues

"Turkey's Economy Witnesses a 4.5% Growth in 2023, Aiming for Inflation Control"

In a notable economic performance amidst global uncertainties, Turkey's Gross Domestic Product (GDP) experienced a 4.5% growth in 2023 compared to the previous year. This development was highlighted in a report by the Republic's Statistical Bureau (TUIK), as mentioned by RIA Novosti. The growth, although slightly lower than the

SEC Discovers Suspicious $166 Million Payment to Terraform Labs' Lawyers Amidst Financial Turmoil

In a striking revelation, the U.S. Securities and Exchange Commission (SEC) has uncovered a suspicious financial transaction involving Terraform Labs, a company that recently faced significant operational turmoil. The SEC's investigation brought to light a substantial payment of $166 million to the company's legal representatives, raising questions about the

Tether CEO Predicts Significant Capital Inflows into Spot Bitcoin ETFs, Foresees Bitcoin's Integration into Traditional Finance

In a forward-looking statement that has captivated the crypto and finance sectors, Paolo Ardoino, the CEO of Tether, has articulated a bullish outlook for the future of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States. During an online conference, as reported by The Block, Ardoino shared his anticipation of

The Enigmatic Wealth of Satoshi Nakamoto: A $51 Billion Mystery Unveiled

In a remarkable revelation that underscores the meteoric rise of Bitcoin, experts have estimated the assets of the elusive Satoshi Nakamoto to be worth over $51 billion. This estimation places the anonymous developer or group of developers behind the pseudonym Satoshi Nakamoto among the top 30 wealthiest individuals globally, according

Australian Cryptocurrency Exchange OTCPro's $653,000 Error: A Tale of Missing Client and Frozen Assets

In an astonishing turn of events that has gripped the Australian cryptocurrency community, a user vanished after a crypto exchange, OTCPro, mistakenly transferred $653,000 into their account. This incident not only highlights the vulnerabilities present in digital asset transactions but also showcases the legal and financial ramifications that can

The Turkish Lira Reaches an Unprecedented Low Amid Soaring Inflation, Predictions Point to Further Decline

In a significant financial downturn, the Turkish lira has plummeted to its lowest value ever against the U.S. dollar, marking a critical point in Turkey's ongoing economic struggles. As of February 21, the lira's exchange rate against the dollar reached a historic low, with trading data from the international

Worldcoin's Remarkable Surge: A 180% Increase in a Week Amidst AI-Token Boom and World App Activity Spike

In an astonishing display of market dynamism, Worldcoin (WLD), the cryptocurrency initiated by OpenAI co-founder Sam Altman, witnessed a staggering growth exceeding 180% in just one week. This period of remarkable escalation, spanning from February 12 to February 19, 2024, has placed Worldcoin in the spotlight, illustrating the volatile yet

India Finds a Way to Settle Payments for Russian Oil

In a strategic move that underscores the complexities of international trade amid sanctions and geopolitical tensions, India has resumed its importation of Sokol crude oil from Russia in February, following a hiatus of two months. This development, as reported by Reuters citing vessel tracking data and insider information, signifies a

The Alarming Surge of Cryptocurrency Use in Human Trafficking: Insights from FinCEN Report

In a recent report by the Financial Crimes Enforcement Network (FinCEN), concerning trends in human trafficking and the dissemination of child pornography, a startling increase in cases involving cryptocurrency has been identified. According to the report, the number of cases linked to cryptocurrency surged from 336 to 1975, marking a

Founders Fund's $200 Million Investment in Bitcoin and Ethereum Sends Shockwaves Through Crypto Market

In a move that has reverberated across financial circles, the renowned venture capital firm Founders Fund, led by billionaire Peter Thiel, has reportedly made a significant investment totaling $200 million in the cryptocurrencies Bitcoin and Ethereum. News of this investment comes from reputable sources cited by Reuters, indicating a notable