Have you ever seen a news report mentioning that the Federal Reserve (the central bank in the U.S.) is changing interest rates? The Federal Reserve controls the interest rates which affect home loans and car loans and credit card repayments. The presentation kept my attention through nodding but I questioned how these economic changes would affect my personal finances and business operations and the national economy. The feeling of being different from others creates a sense of isolation. Central banking operations together with monetary policy implementation and economic expansion evaluation create a system which seems difficult to understand because of its technical language. The central bank holds the position of most dominant institution which directs the path of financial markets across the entire country. The policy serves two main purposes which include protecting inflation rates and determining mortgage qualification standards. This deep dive is your definitive roadmap to ...
Welcome to the Crypto frontier; it's time we decode the future of the financial industry, and it's exciting potential. Cryptocurrency: The Buzz of the Town At a point in time when everything seems to be taking a digital turn, it's no surprise that cryptocurrencies are quickly gaining recognition as the "next-gen" money model. Why? Simply put, their value storage and liquidity potential (VSL)! How, you might wonder? You're about to discover! The Power of Blockchain Technology At the core of digital currency's usefulness lies the almighty blockchain innovation. In its quintessence, blockchain is a decentralized, digitized, and straightforward public record.Unlike your traditional ledgers, these are not controlled by any one individual or entity but are a communal database shared by all network participants. Curious to know how this works in benefitting cryptocurrency? Greater the decentralization, fairer the transactions, and higher the effectiveness of va...