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Jason Potts

Jason Potts

Professor of Economics, RMIT University
Jason Potts is an economic theorist who specialises in problems of economic growth and change. He works in areas of cryptoeconomics, economic evolution, technological change, institutional economics, economics of innovation, economics of cities, and the economics of cultural and creative industries. His current research focuses on innovation in the commons, and on global innovation policy.

Potts is a Professor of Economics at RMIT University, Director of the Blockchain Innovation Hub at RMIT University, and an Adjunct Fellow at the Institute of Public Affairs. He was the 2000 winner of the International Joseph A Schumpeter Prize, and in 2017 became a Fellow of the Academy of Social Sciences in Australia. He has published over 80 articles and six books. He is currently an editor of Journal of Institutional Economics.

Digital Currency Revolution

Why is Bitcoin's price at an all-time high? And how is its value determined?

Jan 06, 2021 02:01 am UTC| Economy Investing Digital Currency

Bitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 up about 77% over the past month and 305% over the past year. First launched in 2009 as a digital currency,...

Digital Currency Revolution

Bitcoin's rebound: 3 reasons this time is (sort of) different

Dec 06, 2020 09:37 am UTC| Investing Economy Digital Currency

Bitcoin is back. Three years after the bubble that inflated its value from US$5,000 to US$20,000 in less than three months burst in spectacular fashion, plunging more than 80%, the cryptocurrency is again on the verge...

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Economy

Morrisons' COO is leaving the company to seek for new challenge.

Morrisons supermarket chain in the United Kingdom is set to lose its chief operating officer after informing the board about his plans to step down. Trevor Strain resigned at a time when the company also lost its position...

Macy's department store is hiring 41,000 workers as it prepares for the busy holiday shopping season.

Macys Inc. announced this week that it is planning to hire additional workers as the holiday shopping season is approaching fast. The American high-end department store chain said its target is to recruit more than 41,000...

Walmart enters Roblox to open its Walmart Land Metaverse and attract the younger generation of shoppers.

Walmart has partnered with Roblox online gaming platform to enter the metaverse. The collaboration also allowed the retail chain to launch Walmart Land and Walmarts Universe of Play. On Monday, Sept. 26, Walmart...

AMC is selling its APE shares to pay its debt and Citigroup Global is handling the sale.

AMC Theatres is selling up to 425 million APE preferred shares to raise money and pay its debts. APE is a new type of preferred equity unit that was issued by AMC Entertainment last month, and its trading commenced on Aug....

TikTok may be fined in the UK over breach of children's personal data privacy.

TikTok is a Chinese short video hosting platform owned by ByteDance. It is also locally known as Douyin, and it was reported that it is facing a hefty 27m fine in the United Kingdom for failing to protect the privacy of...

Politics

The agency has approved EV charging station plans for all 50 states, Washington DC, and Puerto Rico.

The United States Transportation Department has approved the plans for electric vehicle charging stations nationwide. All 50 states would have EV charging stations, including Washington DC and Puerto Rico. The...

Authorities searched a yacht in northern Germany as part of its probe on Russian billionaire Alisher Usmanov.

Law enforcement authorities in Germany searched the motor of a yacht as part of the probe on Russian billionaire Alisher Usmanov, officials announced this week. The search of the yacht was part of the efforts by officials...

Legislation to set up the anti-corruption watchdog is set to be introduced to parliament on Wednesday.

Australia announced its plans to establish an independent anti-corruption watchdog. This follows years of debate on the need for oversight. Australian Prime Minister Anthony Albanese and Attorney General Mark Dreyfus...

IAEA chief Rafael Grossi said talks have resumed with Iran over the safeguards probe into the particles found in Iranian nuclear sites.

Iran and the United Nations nuclear watchdog restarted their discussions over the outstanding probe into the nuclear particles found in nuclear sites in Iran. The restarted discussions follow the deadlock over the nuclear...

Science

Celltrion will receive US$10 million in milestone payments after successfully passing key stages of the development and approval cycle.

South Koreas Celltrion Inc. will jointly develop and work on the market release with Abpro Corp. of the US on a breast cancer treatment candidate ABP 10 Under the deal, Celltrion will receive US$10 million in milestone...

Current Canadian and American management efforts do not go far enough to decrease entanglement hazards and encourage the recovery of the North Atlantic right whale.

The Monterey Bay Aquariums Seafood Watch program added the American red lobster, caught in both US and Canada to its red list. Other species also added to the list are the snow crab, Atlantic rock crab, and others that...

The microscope unit, which also manufactures industrial endoscopes and x-ray analyzers, will be transferred to Bain on January 4, subject to antitrust regulatory approvals in Japan and elsewhere.

Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

The research team discovered that steamed mealworms emit a strong, corn-like odor, and when grilled or fried, they gave off a shrimp and frying oil-like scent.

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

The resulting thermoplastic resin could be purified through a distillation process to make food-grade potassium lactate.

Wind turbine blades could eventually be recycled into gummies according to a Michigan State University professor, This was discussed during the American Chemical Societys fall conference, which kicked off in Chicago...

Technology

EA’s new hunting game ‘Wild Hearts’ will reportedly launch in early 2023

EA and Koei Tecmo will release the first Wild Hearts trailer soon. But the games launch window may have been revealed already. The companies announced earlier this month that they have partnered to co-publish an all-new...

Amazon listing for Pixel 7 went live early revealing its release date and price

The closer Googles event is, the more leaks are appearing in the wild. An early listing of the Pixel 7 on Amazon was recently spotted that may have confirmed when the device will arrive in stores and how much it will...

Apple confirms downgraded version of Stage Manager for older iPad Pro models without M1 chip

Apple previously said Stage Manager on iPadOS 16 was only possible on newer iPads, specifically the models powered by the M1 chip. Now, the company shared some good news and confirmed that it found a workaround to bring...

Netflix establishes first in-house video game studio headed by former Zynga exec

The Netflix Games service went live over a year ago, but the streaming giant has more plans for its video game business. The company announced this week that it is establishing its first development studio to deliver...

Leaked technical specifications of the regular Pixel 7 model suggest very few changes from its predecessor

The regular Pixel 7 model is the subject of one of the latest Google leaks ahead of the companys launch event next week. And it appears that the upcoming device does not sport that many changes compared to its...
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