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China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
5.4.2023
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia...
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
3.4.2023
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of...
World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year
30.3.2023
The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes...
Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half
29.3.2023
According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block...
How to financially prepare for a recession
29.3.2023
To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills
Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B
25.3.2023
Speaking with Cointelegraph, Animoca co-founder Yat Siu noted that given the source’s anonymity, it “makes it difficult to ascertain exactly who or what the sources/agenda is.”
Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon
25.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds...
Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’
19.3.2023
Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.” Novogratz on Global Credit Crunch and Recession...
Silvergate Was Not Cut Off From Loans, FHLB Says
15.3.2023
The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank had to go into voluntary liquidation, it said
Finance Firm Nomura Predicts Fed Rate Cut and End of Tapering This Month – What Would This Mean for Crypto?
14.3.2023
Financial services giant Nomura now believes the Federal Reserve is done with interest rate hikes and that it could even cut rates at its meeting next week.
“In reaction to looming financial stability risks, we now expect the Fed to cut rates,” Nomura economists Aichi Amemiya and Jacob Meyer were...
Absorb for adoption — How infamous 30% Apple cut affects iOS NFT apps
14.3.2023
NFT application endures demanding fees on the Apple App store for the convenience of iOS payments and a broad user base
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal
7.3.2023
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to...
Goldman Sachs still open to crypto hires amid massive 3,200 staff cut
1.3.2023
Goldman Sachs’ digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications
Not Everyone Got To See The Last of Us Show's Big Kiss
27.2.2023
Last night’s heartbreaking episode of The Last of Us featured a moment of hope and love where two characters kissed, cementing how they truly felt about each other. It was a key moment in the episode and was pulled directly from the source material. The kiss was also completely absent if you were...
End of an Era for the Seasonal Tokens Economy: Summer Tokens to Become Scarcer
20.2.2023
PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring, Summer, Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut...
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
20.2.2023
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance...
Star Wars Jedi: Survivor Already Has Better Lightsabers Than Fallen Order
17.2.2023
New gameplay from the upcoming Star Wars Jedi: Survivor seems to reveal that, unlike in the first game, the sequel will finally let Jedi Cal Kestis slice up stormtroopers and other human enemies. And that’s a good thing, as this much-wanted change makes lightsabers feel powerful and deadly again....
Early Plans For God of War Ragnarök Involved A Big Death And A Wild Twist
14.2.2023
God of War Ragnarök is a good game that tells a story of how people can change their fates and take control of their own lives. However, in the very early days of its development, a possible story was pitched for the PlayStation-exclusive sequel that went a different direction and involved death...
Banks under pressure from U.S. authorities to cut ties with crypto firms
9.2.2023
Banks are allegedly being discouraged from offering services to the crypto industry by United States authorities