Search
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
13.11.2022
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled...
Manga Creator Demands Elon Musk Pay Him One Billion Dollars For Posting Cringe Meme
10.11.2022
In between attempting to post through being tarred and feathered for transforming Twitter into the world’s silliest pay-to-win, Elon Musk is being asked to pay royalties to a manga artist after posting a popular anime meme. Read more
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says
3.11.2022
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’
30.10.2022
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke...
Andreessen Horowitz loses billions of dollars but remains faithful to crypto
26.10.2022
a16z’ general partner Chris Dixon focuses on the entrepreneurial and developers’ activity, not on the prices
Aptos Debuts Its Blockchain, Putting Millions in VC Dollars to the Test
17.10.2022
The venture capital darling went live on Maine Monday
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
16.10.2022
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June...
FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues
16.10.2022
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists...
Argentina Introduces New Exchange Rates to the Mix — ‘Qatar’ and ‘Coldplay’ Dollars Go Against IMF’s Warnings
14.10.2022
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made...
Crypto and Payments Firm MobileCoin Launches New Stablecoin – ‘Electronic Dollars’
10.10.2022
The company says Electronic Dollars (eUSD) will be “the first data-protecting stablecoin.”
Decentralized Web3 Protocol Golden Raises $40 Million Backed by A16z
5.10.2022
Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto, will allow the company to keep building its concept, which revolves around combining data submission and validation with Web3-based...
Fintech App Eco to Convert User Balances From US Dollars to USDC
30.9.2022
Eco will use digital settlement-service platform Zero Hash to custody the stablecoins
Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds
28.9.2022
Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets. U.K. government bond yields have been erratic and the pound sterling also dropped to a lifetime...
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
26.9.2022
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday...
Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’
23.9.2022
On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat currencies like the yen, yuan, and pound have struggled against the greenback during the past...
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low
22.9.2022
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept...
Star Citizen Has Now Raised Over Half A Billion Dollars
21.9.2022
Star Citizen, a video game that exists as a Forever Promise, was first revealed to the world back in 2012 via a Kickstarter campaign that raised $2.1 million. In the decade since, through the announcements of spin-offs, modules, in-game economies and countless other features and half-baked ideas...
Doodles NFT Project Closes Funding Round After Raising $54 Million
14.9.2022
Doodles NFT project recently concluded its funding round after raising a whopping 54 million dollars. The round was led by Reddit co-founder Alexis Ohanian’s Seven Seven Six. Forbes closely followed the funding round, after which Doodles stands at a staggering 704 million market value. Several...
Someone Is Selling Nearly Every Console Ever Made On eBay For 1 Million Dollars
31.8.2022
While many a collector can claim to have any number of rare video games and memorabilia, few, if any, actually own a majority of every console variation manufactured in the last 50 years. But that’s exactly what one France-based collector has just put up for auction, some 2,400 different...
UN Human Rights Chief Voices Concern Over Assange Extradition Case, Wikileaks Continues to Raise Large Sums of Crypto
29.8.2022
On Saturday, the human rights chief at the United Nations (UN), Michelle Bachelet, said that the potential extradition of whistleblower Julian Assange raises concerns for the rights of future whistleblowers and investigative journalists. Meanwhile, cryptocurrency supporters have continued to donate...