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City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending
30.5.2022
The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
30.5.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael...
After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
27.5.2022
The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money...
STEPN’s GMT Token Supported by Alchemy Pay for Real-World Spending
24.5.2022
PRESS RELEASE. The leading fiat-crypto payment solutions provider, Alchemy Pay (ACH) and the web3 app, STEPN (GMT), have announced a new collaboration. STEPN’s GMT token is now supported for use on Alchemy Pay’s hybrid fiat-crypto payment system that enables it to be spent at over...
The First Rewards Card for the Web3 World by The Crypto Card Club
17.5.2022
PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending...
SpotGaming
9.5.2022
Players on SpotGaming are just like breathing fresh air. It is launched in the year 2022 in the gaming market. Players from many countries across Europe are spending their time and money on our platform as we have 4000+ casino … Continued
The post SpotGaming appeared first on WINBTC.NET
Fed’s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin
20.4.2022
As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserve’s plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta...
Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether
18.4.2022
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets....
Aussie convenience store giant to accept crypto at 170 outlets
4.4.2022
On The Run (OTR) will work with Crypto.com to implement its Pay Merchant product, with a Sydney payment systems provider rolling out new terminals to allow consumers to pay with crypto
Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value
29.3.2022
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced...
The Fed Could Take 10 Years to Get Inflation Under Control, Says Almonty Industries CEO
24.3.2022
The CEO of Almonty Industries has warned that it could take the Federal Reserve 10 years to get inflation under control if they do not act now and stop spending money. “And they need to raise rates. That’s the only tool that works,” he said. Federal Reserve Could Take a Decade...
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry
21.3.2022
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes...
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions
19.3.2022
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions....
Bitcoin bulls to defend $40K leading into Friday's $760M options expiry
16.3.2022
BTC price struggles to sustain $40,000, but Friday's options expiry might give bulls the $160 million profit needed to keep the positive momentum
High-profile athletes are spending huge amounts on NFTs: Here's why
24.2.2022
Worldwide nonfungible token trading was worth around $40 billion in 2021, and it has since attracted some big names in the sports industry
Monero community concerned as leading mining pool nears 51% of ecosystem's total hash rate
15.2.2022
The sharp increase in MineXMR's mining hash rate in the past few months has led some XMR enthusiasts to suspect ulterior motives
Pokemon Legends: Arceus Players Are Spending Forever In Just The First Area
4.2.2022
Game Freak’s first stab at a semi-open world Pokémon game is quite good. In some ways it’s shockingly so. How do I know this? In part because I and a bunch of other players got immediately hooked on Pokémon Legends: Arceus’ first area and wasted hour after hour there doing tons of stuff without...
Sony Is Spending 1.2 Billion To Keep Destiny 2 Devs From Leaving
3.2.2022
When Sony revealed its surprise $3.6 billion deal to buy Bungie, it was clear the PS5 manufacturer was paying a premium for the original creators of Halo and now Destiny 2. Now the company has revealed roughly a third of that price tag is actually just to pay Bungie developers so they don’t...
MicroStrategy Begins 2022 by Spending USD 25M on Bitcoin
1.2.2022
US-based software company MicroStrategy said it increased its bitcoin (BTC) stash to BTC 125,051 as it bought an additional BTC 660 for USD 25m.
Per CEO Michael Saylor, they paid an average price of USD 37,865 per BTC. In total, they spent USD 3.78bn on their bitcoin holdings. They're now worth...
Barstool Sports Blog Founder Dave Portnoy Spends a ‘Cool Million’ on 29 Bitcoin
28.1.2022
The founder of Barstool Sports blog, Dave Portnoy, announced he purchased 29 bitcoin on January 28, spending more than a million dollars. The day trader has had his ups and downs with bitcoin over the last few years, and it seems he’s now jumping back into the market. Day Trader Dave Portnoy...