Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel has called cash “sacred” in Germany, reflecting deep-rooted concerns about losing […]
Pandemic Fears Ignite as Mpox Outbreak Leads to High-Stakes Betting on Polymarket
Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of international concern. Following this announcement, Polymarket users have started placing bets on whether Mpox will be categorized as a pandemic in 2024. Polymarket Bettors Give […]
Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000
In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested that […]
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
Coinshares, a digital asset investment firm, has reported a significant $ 528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand …