The latest chart from the International Monetary Fund (IMF) shows a major 21st-century shift where the BRICS GDP in purchasing power parity (PPP) is growing, while the G7 is on…
BRICS is looking at alternatives to the IMF and the World Bank, citing the two being biased toward the West. Before diving in, let’s understand what these two organizations do.…
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Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries,…
The International Monetary Fund (IMF) has rejected Pakistan’s repeated proposals to provide subsidized electricity to bitcoin mining and other energy-intensive industries, according to reports. Secretary of Power Dr. Fakhray…
In brief
The International Monetary Fund has rejected Pakistan's proposal to offer subsidised electricity for crypto mining.
The IMF cited risks of market distortion in the struggling power sector.
Pakistan’s crypto mining ambitions…
The Global PatternIn recent years the IMF has:Successfully pressured El Salvador to (de facto) drop Bitcoin as legal tender, and rollback other Bitcoin policiesSuccessfully pressured CAR’s 2023 Bitcoin repeal through…
According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion.Those numbers show how much these…