ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations

On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms and conditions noting that they need to be “recalibrated.” ECB Hikes … Read more

Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt

According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown.” European Union’s Consumer Price Index Taps a 40-Year … Read more

Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate

Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed down local banks. Fears are rising that the turmoil may … Read more

The Demand for Permissionless Freedom Is Just Getting Started

Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens are sick and tired of the manipulation. Because … Read more

Protesters Wield Tools of Freedom as Hong Kong Imposes Dictatorship

Four months of protests continue in Hong Kong as the world is witnessing the biggest uprising of political dissent in the territory since the 1997 ‘handover’ from Britain to China. Protesters have recently embraced wearing Guy Fawkes masks but on October 3, Hong Kong’s current Chief Executive, Carrie Lam, implemented colonial-era emergency powers banning the … Read more