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Russia-Ukraine War: World Bank to Cut 2022 Global Growth Forecast

World Bank

Due to the effects of Russia's invasion of Ukraine, the World Bank is lowering its global growth prediction for 2022 by nearly a half percentage point, to 3.2 percent from 4.1 percent, according to World Bank President David Malpass. On a conference call with reporters, Malpass said the World Bank was responding to the war's increased economic stresses by proposing...

External Funding to Boost Ukraine Financial Stability: IMF Chief

IMF chief

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has stated that more external money, particularly fast-disbursing awards, is required to help Ukraine preserve macroeconomic and financial stability. "Without additional support, the great efforts made by the Ukrainian authorities to maintain macroeconomic and financial stability—in the face of enormous shocks and terrible circumstances — will become even harder to...

Why Bitcoin could Become Reserve Currency?

Bitcoin

The announcement by a cryptocurrency platform that it will gather $10 billion in bitcoin to back its own "stablecoin" is causing a stir in the market. It's part of a larger effort to establish bitcoin as the new world's reserve currency. According to publicly available blockchain data, Seoul-based Terraform Labs has amassed about 40,000 bitcoin worth $1.7 billion through a...

Bitcoin Mining Generates a Lot of Garbage

Bitcoin

According to studies, bitcoin mining generates an amount of electronic garbage (e-waste) each year that is similar to the small IT equipment waste generated in the Netherlands. Alex de Vries and Christian Stoll predict that cryptocurrency miners generate 30,700 tonnes of e-waste per year. According to them, each transaction weighs an average of 272g (9.5oz). An iPhone 13 weighs 173g in...

Everything You Need to Know about Flipkart Big Billion Day

Flipkart Big Billion Day

For Plus members, the Flipkart Big Billion Days 2021 sale will begin at midnight tonight. The major festive season sale on Flipkart will begin on October 3 and will last until October 10. The Big Billion Days 2021 sale on Flipkart offers deep discounts on a wide range of smartphones, laptops, televisions, and other devices. Flipkart will also run...