Simon Johnson: ‘Nobody needs as many white-collar workers as they used to’

John Jumper, who shared the 2024 Nobel Prize in Chemistry with Google DeepMind CEO Demis Hassabis for developing the AlphaFold protein-structure prediction model, has announced he is leaving DeepMind to join Anthropicafter nearly nine years at the company. Jumper had most recently been working on coding tools at DeepMind, an area Google has struggled to […]

Jumper isn't the only big name leaving Google DeepMind.

IMF data shows Nigeria drew ~$59B crypto inflows and ~60% of sub‑Saharan stablecoin volume as remitters dodge 9% fees. See routes, risks, and costs.

The IMF reports that Nigeria captured 60% of all stablecoin traffic in sub-Saharan Africa as users seek alternatives to traditional banking. IMF: Stablecoins Transform From Niche Market to Major Payment Route Nigerians are increasingly turning to U.S. dollar-pegged stablecoins to move money across borders as small businesses and households search for cheaper and faster alternatives […]

Nigeria's stablecoin adoption challenges monetary policy control, urging balanced regulation to mitigate digital dollarization's economic impact. The post IMF warns stablecoin adoption risks are heightened in Nigeria as digital dollarization accelerates appeared first on Crypto Briefing.

Efforts to suppress stablecoin use are “likely to be only partly effective,” the International Monetary Fund’s researchers said.

IMF says Nigeria’s stablecoin boom eases payments but may weaken naira policy, raise illicit finance risks, and test crypto oversight rules.

Bolivia's IMF deal signals a shift towards economic reform, potentially stabilizing its economy but requiring significant structural adjustments. The post Bolivia nears agreement on IMF financing after dollar peg shift appeared first on Crypto Briefing.