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While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
25.4.2022
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China’s recent Covid-19 outbreak. As equities floundered on Monday,...
As labor struggle takes center stage, can DAOs democratize work?
21.4.2022
DAO structures could provide workers with greater ownership and decision-making opportunities, but how soon will these models be implemented?
Global Impacts and Solutions on the Economy From Covid-19: A Conversation with Dr. Yasam Ayavefe
20.4.2022
Across the world, each one of us has felt the negative impacts of the Covid-19 pandemic. From critical health issues to joblessness, our world is in an unprecedented economic crisis globally. While most of us felt all we could do was quarantine ourselves, we did not have the answers as to why...
Nintendo Worker Files Complaint With National Labor Relations Board
19.4.2022
On April 15, an anonymous employee filed a complaint against Nintendo and contracting company Aston Carter with the National Labor Relations Board. The public case docket lists allegations of coercive statements, discharge, retaliation against concerted activities, and surveillance. Read more
Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike
19.4.2022
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% by the fourth quarter of 2022 to combat the red hot inflation...
'There are already digital means of payment:' EU Commission gets 11,000 public comments on CBDC project
19.4.2022
Less than two weeks after the consultation process' start, the prevalent mood in the comments section appears quite negative
Elden Ring Players Are Getting Soft-Banned After Picking Up Hacked Underwear
18.4.2022
There are many dangers in Elden Ring. Walk through any field or turn any corner in the Lands Between and you’re sure to meet an unceremonious end. However, there seems to be something else for players to fear far more than even Radahn himself. That’s Fia’s underwear, the Deathbed Smalls, which...
Global Economy Outlook Cut Again, Another Crypto Exchange Leaves Russia & Belarus + More News
18.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Global Economy Outlook Cut Again, Another Crypto Exchange Leaves Russia & Belarus + More News
Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn’t Be Surprised if Stocks Fell 40%
18.4.2022
The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly 15% in the next 12 months and 35% within...
UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse
18.4.2022
United Arab Emirates (UAE) airliner, Emirates, has announced plans to launch non-fungible tokens (NFT) and experiences in the metaverse for its workers and customers. The launch aligns with UAE’s digital economy and virtual assets initiatives. First Projects Already Underway The UAE airliner...
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
17.4.2022
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners...
Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs
16.4.2022
About four months ago, four of the top rebase tokens by market valuation were worth close to $8 billion in USD value and today, the entire lot of rebase tokens collectively are valued at $1.14 billion. The largest rebase crypto by market capitalization, olympus (OHM), had a $4.3 billion market...
While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’
16.4.2022
18 days ago on March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto...
Amouranth Says She's 'Quitting' OnlyFans, Invests In Twitch
15.4.2022
On April 12, top Twitch streamer and content creator Kaitlyn “Amouranth” Siragusa announced her intention to quit OnlyFans this June. She tweeted that she had made a $350,000-$400,000 investment in Twitch, and that she had plans for “moving “influencer” and “creator economy” into what...
South Korea Begins to Fulfill President Elect’s Pledge to Bolster the NFT Ecosystem
14.4.2022
An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem...
Maker Registers Entry to Maple to Scale DAI’s Economy
13.4.2022
The Ethereum-based lending platform Maple has signed a partnership with MakerDAO to scale the new DAI coins. Maker believes it can find a long-term solution for scalability in Maple through collateral sources like Real World Assets and the Direct Deposit Module. This strategic integration will...
Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists
13.4.2022
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as...
The 4th Edition of Blockchain Economy Summit Will Be Held in Istanbul
12.4.2022
After 2 years of the Covid-19 pandemic, Blockchain Economy Summit is again back in Istanbul on July 27–28, 2022, at one of Istanbul’s most prominent and renowned venues: Hilton Istanbul Bomonti Hotel. Summit’s 2nd Turkey edition was the last major blockchain event held in Turkey before...
Meta Starts Building a Digital Economy for Creators in Horizon Worlds
12.4.2022
Fees could soar as high as 70% in the Meta-owned virtual reality game
Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap
11.4.2022
The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased...