Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important. What is fiscal
Month: March 2023
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data. In a transaction on March 25, the exploiter returned 51,000 Ether (ETH) worth around $88 million at the time of writing. A second transfer of 7,737 ETH was made on the
United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation. In a March 26 Bloomberg report citing unnamed sources, it was reported that U.S. officials
Oppo Enco Free 3 earbuds have been launched in China as a more affordable alternative to the flagship Enco Air 3 earbuds. Compared to their predecessor, the Enco Free 3 bring a host of upgrades and other improvements to audio quality, as claimed by Oppo. They feature IP55 dust and water-resistance certification, and up to
Academic style content produced by ChatGPT is relatively formulaic and would be picked up by many existing AI-detection tools, despite being more sophisticated than those produced by previous innovations, according to a new study. However, the findings should serve as a wake-up call to university staff to think about ways to explain to students and
Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase, the “legal threat” could potentially target its staking program, listed digital assets, wallet or Coinbase
China insisted Friday it does not ask companies to hand over data gathered overseas, as the Chinese-owned TikTok faces mounting calls for a ban in the United States. Pressure is building on the massively popular video-sharing app — owned by the Chinese firm Bytedance — to obtain new ownership or lose access to the enormous
Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. NFT Market Shows Signs of Slowdown With
Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate. BTC/USD 1-hour candle chart (Binance). Source: TradingView Bitcoin in “slow chop” until Monday Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it focused on $27,500 at the time of writing. After losing $28,000 the day prior, weekend trading offered
On episode 12 of Cointelegraph’s Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain. From an event and media company, Afropolitan has transitioned to a blockchain-based state of Africans on the continent and in the diaspora. Emole, an African in the diaspora with a political
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership in January, including the bank’s involvement in the crypto space. According to the report, the Fed’s board has raised “concerns about banks with business plans focused on a narrow sector of the economy”,
EA is permanently delisting three legacy Battlefield games from its digital storefronts. Starting April 28, Battlefield 1943, Battlefield: Bad Company, and Bad Company 2 will no longer be available for purchase. The news comes in preparation for EA retiring online services for the titles on December 8. The offline campaign segments/ features from Bad Company
ACCRA, GHANA – On the afternoon of Dec. 26, 2022, Chris Maurice finally capitulated and went to the emergency room at Hospital Clinic de Barcelona, just west of the city’s gothic quarter. For roughly ten months, the 26-year-old CEO of the largest centralized crypto exchange in Africa had ignored many of the symptoms consistent with
Asus ROG Phone 7 series is expected to debut on April 13. The smartphone maker has dropped a teaser for the upcoming gaming-focused handsets, but it hasn’t revealed any details about their specifications. Ahead of the launch event, specifications of the phones have surfaced on the Internet. A tipster has claimed that the series will
Mar 25, 2023Ravie LakshmananCyber Crime / DDoS Attack In what’s a case of setting a thief to catch a thief, the U.K. National Crime Agency (NCA) revealed that it has created a network of fake DDoS-for-hire websites to infiltrate the online criminal underground. “All of the NCA-run sites, which have so far been accessed by
The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server. On March 25, blockchain-focused security firm CetriK revealed the possibility of a phishing link being circulated via the Arbitrum Discord server. It is suspected that a hacked Discord account of one of
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