India’s HDFC Bank Launches New UPI and CBDC Features
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim […] Powered by...
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele […] Powered by...
Why Socialism Fails: A Misesian Perspective
Socialism, despite its promises of equality and social welfare, inherently fails due to its inability to perform economic calculation and its reliance on coercive control over the means of production. Ludwig von Mises, in his seminal work “Socialism: An Economic and Sociological Analysis,” provides a comprehensive critique of socialism’s flaws rooted in both economic and […] Powered by...
Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […] Powered by...
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast […] Powered by...
