Crypto News

Puerto Rico's Tax Breaks Fail to Boost Economy: Cryptos Fall Short

Despite tax incentives aimed at attracting entrepreneurs, Puerto Rico's economy remains stagnant. Notable cases like Brock Pierce illustrate the challenges faced by crypto ventures on the island. E...

Federal Reserve Set to Lower Interest Rates by 25 Basis Points in November

Data from CME's FedWatch tool shows a 95% probability of a 25 basis point cut by the Federal Reserve in November, with only a 5% chance of maintaining current rates.

IMF Predicts Global Inflation to Drop to 3.5% by 2025 Amid Economic Resilience

The IMF forecasts global inflation will decrease to 3.5% by the end of 2025, marking a significant shift after a peak of 9.4% in 2022. Despite geopolitical tensions, growth expectations remain stea...

U.S. Public Debt Hits Record $35.75 Trillion: What It Means for the Economy

Bloomberg reports that U.S. public debt has soared to $35.75 trillion as of October 15, 2024. This historic level prompts serious discussions on the sustainability of fiscal policies and its impact...

Bitcoin's Impact on Rockdale's Economy: Insights from Mayor Roddam

Mayor Ward Roddam of Rockdale, Texas highlights how Bitcoin mining revitalizes the local economy, creating jobs and attracting investment in the aftermath of a manufacturing decline.