Auto Added by WPeMatico

Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers…

Continue ReadingRussian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local…

Continue ReadingIran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation

St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of…

Continue ReadingSt. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation

US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has…

Continue ReadingUS Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022

The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the…

Continue ReadingPoland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022