The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology today released the findings of their initial technological research into a central bank digital currency, or CBDC. The published research describes a theoretical high-performance and resilient transaction processor for a CBDC that was developed using open-source research software, OpenCBDC. This collaborative effort, known…

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This year is shaping up exactly like the 2000 dot-com bubble crash and stocks will drop a further 40%, a former Goldman Sachs manager has warned. April produced the best monthly gains for the Dow Jones Industrial Average DJIA, -1.58% and S&P 500 SPX, -1.04% in 82 years — after the worst first quarter in history — and May has so…

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Gold will rally 80% over the next 18 months as central-bank stimulus and economic turmoil drive record interest, Bank of America analysts forecast in a Monday note. Monetary authorities are spending trillions of dollars to keep economies above water. The widespread spending will place incredible pressure on currencies, pushing investors to gold and its scarcity, the bank’s analysts…

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The extreme measures taken by the U.S. government and the Federal Reserve to combat the COVID-19 pandemic could push the U.S. into an episode of hyperinflation and boost gold, according to Peter Schiff. The White House and the Senate reached a $2 trillion deal early Wednesday on the third phase of a relief package that extends cash to the individuals,…

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