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CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...
Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira
16.4.2023
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria...
Economist Harry Dent Expects Biggest Crash in Our Lifetime to Hit Between Now and Mid-June
11.4.2023
Harry Dent, economist and author of several best-selling books, has warned that the biggest crash in our lifetime is “going to hit between now and about mid-June.” He stressed: “People are going to know this is not a big correction — it is a major crash, one that...
China Keeps Stockpiling Gold, Adds 18 Tons in March to Reach 2,068 Tons in National Reserve
10.4.2023
The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068...
Economist Peter Schiff Advises ‘Get Rid of Your US Dollars Now’ — Warns USD’s Reserve Currency Status in Jeopardy
9.4.2023
Economist Peter Schiff has urged people to get rid of their U.S. dollars now as a growing number of countries have escalated their efforts to reduce their dependence on the U.S. and the USD. “The dollar’s reserve currency status is in jeopardy, as is the American standard of living that...
Debunking Crypto Myths With Binance! The Myth of Crypto Being Mainly Used by Criminals
6.4.2023
The world of cryptocurrencies and blockchain has exploded in recent years. However, a lack of understanding surrounding this technology has led to a number of false beliefs and misconceptions, causing many people to approach digital assets with unwarranted suspicion and uncertainty. To combat this...
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
4.4.2023
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as...
Disney Reportedly Axing Metaverse Division Amidst Company Restructuring
1.4.2023
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised...
EA Lays Off Almost 800 People Weeks After Posting Huge Profits
30.3.2023
Publishing giant Electronic Arts announced today that approximately 6% of its global workforce, or between 700-800 people, will be laid off as the company drives “greater focus across our portfolio”.Read more
Jake Paul Net Worth and Crypto Holdings Revealed – Young Billionaire in the Making?
28.3.2023
Jake Paul, a former Disney channel star and YouTuber turned professional boxer, has made a big name for himself in the world of business and finance.
His massive career earnings and interest in crypto investing have attracted a great deal of attention from both fans and critics alike, leading...
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
27.3.2023
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate”...
US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency
23.3.2023
U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another...
ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset
23.3.2023
A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges,...
'No shortage of passion in the Parisian people' for PBW amid protests — Animoca Brands CEO
22.3.2023
As it hosts Paris Blockchain Week, France's capital city has seen protests following the government pushing through a bill raising the national retirement age from 62 to 64
Blockchain Games Key to Onboarding a ‘Critical Mass of Users Onto Web3’ — Claudio Riff
22.3.2023
According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities. Onboarding People to Web3 Through Gaming...
Trump Hasn't Been Arrested But AI Images Keep Fooling People
21.3.2023
The former U.S. president Donald Trump still walks free as of the time of writing. But certain AI-generated photos on Twitter tell a different story. These deepfakes depict a world where one of the most powerful white men in America can be treated like any other citizen, meaning actually be held...
Dragon Ball Z's Goku Is A Good Dad, No Matter What People Say
20.3.2023
Goku is misunderstood. Memes and misinterpretations have greatly contributed to some inaccurate conclusions about the Dragon Ball Z character — with perhaps the most common misconstrual being that Goku is a bad dad. This perception of Goku’s fatherly abilities have been perpetuated by jokes...
Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank
19.3.2023
Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses...
Elden Ring's Expansion Is Blowing People's Minds With A Single Picture
14.3.2023
FromSoftware recently announced an expansion to its lauded open world game, which means the Elden Ring theorists have kicked into gear. Speculation has been running rampant ever since, and while we don’t 100% know who’s on the key art the developer released for Shadow of the Erdtree, the general...
Andrew Tate Net Worth and Crypto Holdings Revealed – Billionaire or Not?
10.3.2023
Andrew Tate, a former kickboxing champion turned entrepreneur, has made a name for himself in the world of business and finance. His net worth and crypto holdings have attracted a great deal of attention from both fans and critics alike, leading to speculation on whether he is a billionaire...