After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money as the Solution After defaulting on its obligations for the first time, the government in crisis-hit Sri Lanka now expects the country’s...
JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting ready to offer related services, Bloomberg reported Thursday. The global investment...
SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner
A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. “We’re not allowing innovation to develop and experimentation to happen in a healthy way, and there are long-term consequences of that failure,” said the commissioner. SEC Commissioner Warns About the ‘Failure’ of Crypto Regulation SEC Commissioner Hester Peirce expressed...
Tor Project Unblocked But Russia Demands Censorship, Embroils Google
After years of government censorship to suppress dissent and maintain authorized narratives, unfiltered internet access in Russia is seen as a threat. Russia’s measures include a massive domain name and IP address blocklist governing what services can be legally delivered by ISPs. Whether that’s the “extremist organization” behind Facebook and Instagram, BBC News, Google News, or thousands of streaming and torrent sites, access is...
TV Piracy is Growing Rapidly in the UK, Data Show
There is little doubt that, for many people, on-demand streaming services have become the standard for watching TV-shows. The convenience of watching TV series at the viewer’s pace is common nowadays. It was quite different 15 years ago when the on-demand experience was pretty much exclusive to pirates. TV Piracy Boom Times have clearly changed but some old habits can be hard to kick. Over the past year, online piracy has increased...
