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Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief. Bank of America’s CEO: US Economy Is in ‘Pretty Good Shape’ Bank of America CEO Brian Moynihan said at the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., last week that the U.S. economy is in good shape despite inflation, jittery markets, and international tensions, Bloomberg reported. Emphasizing that the Federal Reserve has to raise rates to slow down inflation and act against the spending forces of U.S. consumers, Moynihan was quoted as saying: The toughest challenge for the Fed is actually one of the best things about the U.S. economy — is that it’s in pretty good shape. “The consumers basically have more money in their accounts by multiples than the

U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “has done the work” to fix the inflation issue. Joe Biden Believes the U.S. Economy Is ‘Strong as Hell’ President Joe Biden was criticized on social media Monday for stating over the weekend that the U.S. economy is “strong as hell.” Responding to a reporter’s question Saturday about whether he had any worry about the strength of the U.S. dollar amid rising inflation, Biden replied while eating ice cream at a Baskin-Robbins in Portland, Oregon: I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell. “Inflation is worldwide. It’s worse off than it is in the United States,” he continued. “So the problem is the lack of economic growth and sound policy in other countries, not so much ours.” Many people took to Twitter

The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely on Price Controls for Inflation Battle The raging inflation numbers that Argentina is facing this year have prompted the government to propose a series of actions directed to curb inflation during the last three months of 2022. Sergio Massa, minister of the treasury of Argentina, has proposed a system of price controls to maintain some prices at fixed levels for at least 90 days. The program, which has been named “Fair Prices,” will be the result of a series of talks with companies that produce goods of mass consumption, in which the prices of these goods will be directly indicated on the packaging. The program will include not only foods and bev

PRESS RELEASE. Digital currency made splashes in the 2010s with a promise of decentralization and ultimate user privacy. However, most well-known crypto exchange giants, like Binance or Coinbase, are CEXs by essence. It means they are centralized exchange platforms, offering custodial wallets to users and collecting user data. No privacy, no user control, and no genuine decentralization – that’s what the CEX use is. Luckily, by the end of the 2010s, crypto enthusiasts moved further with the idea of introducing the automated market-making (AMM) functionality that would remove the need for a centralized authority out of the exchange process. The idea was proposed by Vitalik Buterin and found its realization first in Bancor (early 2018) and then in Uniswap – a DEX released in late 2018. Today, over 300 decentralized exchanges are online, each offering peer-to-peer exchange opportunities using the smart contract functionality. DEXs quickly rose in popularity, reaching over $1 trillion