#economy

The economy of Uniswap, a leading decentralized exchange, is about to change. Michael Nadeau, the founder of the blockchain research services The DeFi Report, wrote on X that the platform and UNI token holders will begin to benefit from network activities.

Fed Chair Jerome Powell recently spoke at the Economic Club of Washington, highlighting the influx of positive inflation data and the unlikely prospect of the economy experiencing a "hard landing."

The Democratic Party of South Korea, currently in the opposition, has pledged to grant citizens the right to invest in spot Bitcoin ETFs through individual savings accounts, Seoul Economy Daily reports.

Yulia Parkhomenko, the Head of the Digital Economy Department at the Ministry of Digital Transformation, underscores the transformative potential of blockchain technology in digitizing government services.

Bitcoin’s legendary logo, now an emblem of the digital economy, celebrates its anniversary on November 1. Today, it turns a proud 14 years old!

Tiff Macklem, the Governor of the Bank of Canada, cautioned that artificial intelligence could temporarily push inflation higher and undermine financial stability. He pointed out that companies using AI tend to adjust prices more frequently than others.

Investor and staunch Bitcoin advocate Michael Saylor is not considering selling any of MicroStrategy's Bitcoin holdings in the near future. He points out that the advent of Bitcoin ETFs has paved the way for institutional investors, leading to a consistent increase in capital flow into the digital economy each day.

Yulia Parkhomenko, the Head of the Digital Economy Department at the Ministry of Digital Transformation of Ukraine, highlighted the crucial importance of cryptocurrency regulation at the XI International Business Forum SCIENCE-BUSINESS-EDUCATION: Strategic Partnership.

“The National Bank of Georgia is taking a global lead in exploring how it can use blockchain technology to take its economy into the digital era.”

The Nigerian Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced a grant of 5 million naira ($6,444) each for 45 AI-focused startups and researchers.

The likelihood is high, at 99%, that the interest rate will stay the same. This is because the Federal Reserve is still gauging the effect of the current rate on the economy. Following the decision, there will be a press conference by Jerome Powell 30 minutes later. Given the potential for market shifts from his remarks, traders are advised to hold off on transactions.