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Economy News

An economy is an area of production, distribution, trade and consumption of goods and services by different agents. Any given economy is a product of current and past culture, technology, education, social and political structure and other society characteristics that define an economy. Economics is a science field for sociology, history, geography, math and other disciplines, all of which combined have results in studying economic growth, the reasons for current economic events and their consequences.
As a result of historical progression, every economy of some time period is special in its own way. Technological progress has made it possible to build and internet-based economy and now it is evolving into a crypto-economy, based on blockchain technologies and digital money, which is much faster and more private than the old economic systems.

Cointelegraph spoke with Christoph Hering from BitShares Munich on the current refugee influx into Europe and why cryptocurrency and blockchain technology might...
EU Refugee Crisis: ‘A Big Chance for the German Economy and Society’
Allen Scott
2015-09-18T17:47:00+01:00
714
The original online payment platform, PayPal, has decided to leave the populous island of Puerto Rico next month. The US territory has imposed a 2 percent take ...
PayPal Pulls Out of Puerto Rico; Huge Opening for Bitcoin
Evander Smart
2015-09-08T10:39:07+01:00
3528
Recently, a new buzzword has made its way around economic circles as the end of summer 2015 approaches. Some in the financial world call it “The 7-year cycle”.
The Shemitah - Are We Just Days Away From Global Economic Destruction? (Op-Ed)
Evander Smart
2015-09-01T09:51:35+01:00
11976
In a show of volatility that only Bitcoin users and some third world countries are really used to, markets around the world have seen falls in price of up to 10...
Global Stock Markets Plunge Up to 10%
Juan S. Galt
2015-08-25T07:53:17+01:00
458
For outsiders, Venezuela is a big unknown. For insiders, the country is a subsidiary of economic hell. Everybody knows Venezuela’s struck with hyperinflation, b...
Venezuela: A Severe Case of Bolivaritis (Op-Ed)
Omar Bessa
2015-08-04T18:25:43+01:00
559
A startup local currency has just launched the Ithaca dollar in Ithaca, NY, designed to not only promote investment in local businesses and bring the community ...
Ithaca, NY Launches its Own Digital Currency to Boost Local Economy
Barry Dolphin
2015-07-22T13:35:55+01:00
3582
Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.
Puerto Rico’s $72 billion in Debt ‘Unpayable’ as Island Seeks Bankruptcy
Joseph Young
2015-06-30T16:15:00+01:00
489
Mikhail Shlyapnikov, a farmer in the isolated Russian village of Kolionovo believes the answer to the woes of the cash-strapped Russian rural population is “kol...
A Russian Farmer Sows His Own Currency to Aid Rural Population
Raunaq Vaisoha
2015-06-29T17:03:00+01:00
2179

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