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Aurelia Butler
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Philippines has ‘done enough’ policy tightening, finance secretary says
Diokno’s remarks echoed that of the country’s economic planning minister, who on Friday said further rate hikes may be unnecessary because inflationary pressures in the Philippines were being driven by supply-side factors.The annual inflation rate quickened for a second month in September to 6.1%, bringing the year-to-date average rate to 6.6%, far from the central bank’s 2%-4% target for the year.Diokno also noted there has been some moderation in underlying price pressures, as core inflation, which excludes volatile food and energy prices, slowed to 5.9% in September from 6.1% the previous month. “We have done enough,” said Diokno, who is a member of the central bank’s seven-member policy making monetary board, during a news conference on Friday for release on Monday. “Core inflation has gone down.” The Bangko Sentral ng Pilipinas has kept its benchmark interest rate steady at 6.25% at its last four meetings, and said on Friday it was ready to resume tightening as needed. It next meets on Nov. 16 to review policy, after the Philippines releases its third quarter growth data on Nov. 9.Some economists said September inflation, which was above market expectations, could prompt the central bank to resume hiking rates next month.Diokno said growth in the second half of the year would likely be faster than the first half’s 5.3% expansion, supported by the anticipated pick up in infrastructure spending in the last quarter. Manila has a 6.0-7.0% growth target for 2023. More
Le CBDC miglioreranno la riscossione delle imposte, afferma il banchiere centrale argentino
Durante un’intervista rilasciata a una televisione locale, Noguera ha espresso la convinzione che un “peso digitale” potrebbe aiutare a stabilizzare l’economia argentina già nel 2024. Secondo Noguera, la caratteristica principale di tale CBDC sarebbe la sua tracciabilità, che aiuterebbe il governo a riscuotere le tasse: More
Max Keiser Slams DeFi as ThorSwap Suspends Operations Over FTX Hacker
The ThorSwap DeFi platform has been transferred into maintenance mode once the hacker who stole millions of USD in crypto from the FTX exchange last November right after it went bankrupt attempted to convert some of the stolen ETH through it.The hacker stole millions of crypto from FTX and then converted them to approximately 180,000 ETH. As reported by U.Today on Friday, this exploiter managed to through Threshold Network after ThorSwap halted operations so as not to allow the hacker to do the same.They still own about 110,000 ETH. Max Keiser believes that since a DeFi platform can be shut down to prevent such kind of an illegal operation, it blows the reputation of the whole decentralized finance sector.It seems like a plain choice of whether to remain formally decentralized and let hackers convert stolen funds or suspend operations on the platform in order to stop bad actors from profiting.Max Keiser is a long-standing advocate of Bitcoin, claiming that all other cryptocurrencies, including Ethereum, are a scam and should be banned. He supports the SEC crackdown on multiple crypto exchanges and Gary Gensler stating that all cryptos, aside from BTC, are unregistered securities.Keiser has also taken the side of the SEC in the famous Ripple-SEC case, which has been going since late December 2020. Recently, Ripple has held a major win after the court ruled that its XRP sales on the secondary market do not qualify as securities.This article was originally published on U.Today More
Ripple CTO seeks community consensus for XRPL AMM feature adoption
On X (formerly Twitter), Schwartz discussed the XRPL’s AMM feature. In his initial post, Schwartz referred to AMMs as an intriguing part of decentralized finance.Continue Reading on Coin Telegraph More
In un mondo dominato dall’AI, la blockchain sarà fondamentale per verificare l’autenticità dei contenuti
Garrett Kinsman, co-founder di Nodle, ha discusso con Cointelegraph della nuova soluzione ContentSign, che mira a dimostrare l’integrità dei dati sin dal momento della loro acquisizione.Nodle ha presentato ContentSign alla Content Authenticity Initiative, un progetto guidato da Adobe e dalla Linux Foundation che punta a creare un futuro standard per l’attestazione dei media.Leggi il testo completo su Cointelegraph More
House Republicans urge tighter export controls on advanced chips
In a letter addressed to National Security Adviser Jake Sullivan, Representative Michael McCaul, chairman of the House Foreign Affairs Committee, and Representative Mike Gallagher, chairman of the House Select Committee on China, stated that China’s leading semiconductor manufacturer’s recent technological advancements underscore the necessity for revising the comprehensive regulations introduced in 2022. They emphasize the need to address what they perceive as deficiencies or “loopholes” in the existing rules.Continue Reading on Coin Telegraph More
‘Black Swan’ Author Slams SBF for Poor Logic Thinking, Here’s Big Criterion
In this quote, SBF criticizes William Shakespeare. SBF claimed basically that since at the end of the 16th century, according to statistics, there were probably maximum 10 million people who could read, the world’s greatest writer could hardly be born at that time. He also claims that Shakespeare has many “failings.”Taleb responded to that, stating that “the problem with pple like SBF is knowing a tiny bit of statistics to parrot abt it, but not understanding processes (that is, dynamics across time).” He also reminded his followers, just in case, that “Shakespeare has survived nearly half a millennium of filtering by time.”Taleb finished his tweet, stating that the former crypto tycoon would have flunked his job interview.The renowned author than also agreed with a comment made by X user Constantin Gurdgiev, who likened SBF to Bitcoin advocates, basically leveling SBF (who failed to understand Shakespeare and saw his FTX exchange crash, going to prison for defrauding investors) with the rest of the Bitcoin community.The X user wrote: “Gives one a lot of comfort to know these folks are into ‘mathematically unbreakable’ currency… when their statistical/probabilistic and logical skills literally topped at Statistics 305.” To that Taleb’s response was “101.”Taleb argues with that, stating that USD has been pretty stable against gold and silver over the past 50 years, in particular during the hard times of the U.S. economy in 1979-1981. Besides, the gurus have totally opposite opinions regarding the world’s leading cryptocurrency. While Kiyosaki recommends everyone to buy Bitcoin (gold and silver too, believing that all three are safe haven assets), Taleb keeps criticizing BTC, calling it a “destined to die fad” and “tumor.”This article was originally published on U.Today More
