We have discussed why and how money, a representation of perceived value, is created in the economy, but another important factor concerning money and the economy is how a country’s central bank (the central bank in the United States is…

But exactly how much money is out there, and what forms does it take? Economists and investors ask this question to determine whether there is inflation or deflation. Money is separated into three categories so that it is more discernible…

Today’s banking system in the West has its roots in the early to mid-Middle Ages. In this time period, three primitive banking professions emerged: Pawnbrokers — They functioned similarly to modern-day pawnshops, offering temporary loans in exchange for personal property.Money-changers…

Meanwhile, further west during this era, in 600 BCE, the invention of metal coinage occurred when Lydia’s King Alyattes minted what is believed to be the first official currency, the Lydian stater. The coins were made from electrum, a mixture…

Money doesn’t always have value whether it’s represented by a seashell, a metal coin, a piece of paper, or a string of code mined electronically by a computer. With global wealth estimated to be about $454.4 trillion at the end…

Esports lounge network True Gamers has announced plans to build a large-scale ‘esports island’ in Abu Dhabi, United Arab Emirates. The island will include training facilities, a tournament venue, content creation spaces and hotels for accommodating esports and gaming personnel….

The so-called “esports winter” has been one of the main industry topics for the better part of 2023, and the start of 2024. With the esports industry struggling to get back on the right track after a major correction following…

Esports Insider’s events arm ESI Events has announced the return of B2B esports and gaming industry event ESI Singapore for its third edition. The event, which is being produced in collaboration with Redd+E, will take place at the Asian Civilisations…

Counter-Strike 2’s very first Major has recorded a peak viewership of 960,000 following the conclusion of its Elimination Stage. The PGL Major Copenhagen, which saw its Opening Stage begin on March 17th, has also registered an average viewership of 477,969…

Bank holding company Ally Financial has expanded its partnership with BLAST-operated Rocket League Esports to offer more opportunities to women in the scene. The two brands will collaborate to deliver three women-only tournaments and a co-ed event during the year,…