#FINANCIAL_LITERACY

By Rina Chandran

Jan 26 (Thomson Reuters Foundation) - The International Monetary Fund (IMF) has urged El Salvador to drop bitcoin as a legal tender, citing risks to the nation's financial stability and consumer protection, joining a growing chorus of countries clamping down on private digital currencies.

The Central American nation became the first in the world to adopt bitcoin as legal tender in September alongside the U.S. dollar, with authorities saying it will help save residents remittanc...

Major coins traded higher over 24 hours as the global cryptocurrency market cap rose 1.9% to $1.8 trillion.

© Provided by BenzingaBitcoin, Ethereum, Dogecoin On The Rise — Sorry To Play Debbie Downer But Here's Why These Analysts Refuse To Sound The All-Clear Alarm

Metaverse play Decentraland (MANA) was the top 24-hour gainer, accor...

In 2021, Brittany Pierre made over $109,000 selling nonfungible tokens, or NFTs, of her photography and flipping other NFTs she bought for a profit.

But before that, Pierre was struggling to pay rent on her Chicago apartment or afford groceries and bus fare, she tells CNBC Make It.

Her financial situation was very “touch and go,” Pierre, 36, says. She lived paycheck to paycheck and “got pretty depressed.”

In March, Pierre learned about nonfungible tokens, or NFTs. Her friend and fellow a...

A Black woman is bringing a boutique hotel made of shipping containers to Indianapolis in the summer of 2022. 

© Provided by TravelNoireA Black-Owned Boutique Hotel Made Of Shipping Containers Opens In Indianapolis This Summer

Robin Staten, an Indy native, is the owner of Tiny Urban Escapes – a one-of-a-kind experience that’s transforming up-cycled shipping containers into micro semi-glass private suites. 

“This goes beyond hospitality,” Staten told the Indy Star.  “The intent is to t...

By the end of last year, the value of Hasten Carter’s cryptocurrency holdings had climbed to about $250,000. He moved to a nicer apartment, bought a new truck, and started thinking about pursuing his dream of a full-time career in game development.

But over the past two months, the value of cryptocurrencies has plummeted, taking with it much of Carter’s digital nest egg, a mix of Ethereum, the second-most popular cryptocurrency, and a number of more obscure coins.

“It’s gotten out of ha...

Man wearing animal mask and blue business suit getting in car Getty Images/Westend61

It was an outcome that anyone familiar with the terms "tulip trading" or "Beanie Babies" could see coming: Cryptocurrency is crashing. Prices for cryptocurrencies "have cratered since reaching all-time highs in early November, wiping out an astonishing $1.35 trillion in value globally, nearly half of the total market," the Washington Post reports.

The whole thing had an air of a pyramid scheme to it. Media hype...

What Happened: The apex coin traded 0.7% higher over 24 hours at $37,066.50 over 24 hours. For the week, it has fallen 11%.

Ethereum (CRYPTO: ETH) rose 1.9% higher over 24 hours at $2,495.30 over 24 hours. Over a seven-day trailing period, it has declined 19.4%.

Meme cryptocurrency Dogecoin (CRYPTO: DOGE) was up 0.3% over 24 hours at $0.14 over 24 ho...

Stock markets in Asia have tumbled to their lowest in nearly 15 months after America’s central bank chief confirmed widely expected plans to tackle higher inflation with an increase in interest rates this year, beginning in March.

With investors also concerned about political tensions between Russia and Ukraine, supply chain problems and rising oil prices, the prospect of sustained increases in the cost of borrowing by the world’s most powerful economy sent a spasm of anxiety through finan...

Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look to curb their growing popularity.

Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world's most valuable cryptocurrency has plummeted over 15% since the beginning of the year. In November it was trading at a record high of $68,990.

Its peers have fared worse recently. Ethereum, which is the world's second mo...

Rarely does a new hotel’s name—especially one that’s not followed by that of a hospitality group such as Aman or Rosewood Hotels & Resorts—present potential guests with a clear sense of place. Such is not the case, however, for Somewhere Else, Pharrell Williams and Miami Beach–based hospitality entrepreneur David Grutman’s newest collaborative project on the Bahamas’s Paradise Island. The clever name, a bit unusual for a hotel, may be intriguingly vague, but it offers something ...

The time is inching near to the 2022 NFL Draft, and months before learning his football fate, Kayvon Thibodeaux just secured an influencer deal.

Under the latest name, image, and likeness (NIL) rules, the star defensive end has signed with Starface, a skincare brand, Ad Age reports. 

The Influencer Deal

According to the outlet, Thibodeaux is the first male athlete to work with Starface.

“We believe young people of all genders and identities are affected by unrealistic beauty standards and stigm...

The sell-off seen in the crypto space is continuing into the weekend, and Bitcoin (CRYPTO: BTC), the apex crypto, is no exception. Bitcoin-backer and El Salvador President Nayib Bukele, unsurprisingly, is seeing the weakness as a buying opportunity.

© Provided by BenzingaBitcoin May Be Plunging Hard, But Look Who's Buying The Dip

What Happened: Bukele said in a late Friday tweet that the country has purchased an additional 410 Bitcoins for $15 million, the nation now holds over 1,500 BTC. The ...