• The Argentine peso has consistently lost value against the U.S. dollar throughout January, dropping by almost 12%. • Analysts are concerned about inflation rates increasing sharply, with estimates reaching as high as 100% in 2021. • Moves to stabilize the exchange rate, such as government debt purchases and injections of dollars into the market, …
Fed Meeting Looms: Market Strategist Warns of ‚Blood‘ on February 1 Read More »
Bulletpoints: • FTX Trading Ltd. and the bankruptcy case’s official creditors committee filed a motion to subpoena Sam Bankman-Fried, his parents, his brother, and a few of the former CEO’s top lieutenants for financial insight. • The lawyers contend that specific insiders associated with Bankman-Fried’s dealings could provide much-needed insight into financial matters. • Barbara …
Lawyers Seek to Subpoena Sam Bankman-Fried, Family and Inner Circle Read More »
• Quicknode has raised $60 million in a Series B funding round led by 10T Holdings. • The funds will be used to „further fuel blockchain adoption“ and „streamline the Web2 to Web3 movement at scale.“ • Quicknode has seen remarkable growth over the past year with its revenue growing more than 300%. Quicknode, a …
Quicknode Raises $60 Million in Series B Round to Fuel Blockchain Adoption Read More »
• Economist Mohamed El-Erian predicts that inflation will become “sticky” at around 4% despite the Federal Reserve’s efforts to bring it down to 2%. • The Federal Reserve has implemented its monetary tightening policy and interest rate hikes in order to reduce inflation, but the rate has only dropped to 6.5%. • JLL CEO Christian …
Sticky Inflation: Fed Misses 2% Target as 4% Becomes New Norm Read More »
• Switzerland is weathering the current crypto industry downturn relatively well. • Data compiled by the venture capital firm CV VC shows that the Swiss Crypto Valley, centered in the canton of Zug, now has approximately the same number of entities as in 2021 — currently 1,135. • 183 Swiss blockchain businesses went bust last …
Switzerland Weathering Crypto Industry Downturn: Data Shows Read More »
Bulletpoints: – NYU Professor Nouriel Roubini, aka Dr. Doom, warned that 99.99% of crypto is a scam, a criminal activity, and a total real-bubble Ponzi scheme that is going bust. – Roubini advised investors to „absolutely stay away“ from crypto, claiming that most people in the crypto space are „all crooks.“ – Roubini noted that …
Dr. Doom Warns: 99.99% of Crypto is Scam, Stay Away! Read More »
Bitcoin and Ethereum prices fell on Thursday as U.S. retail sales figures came in lower than expected. • Bitcoin dropped below the $21,000 mark, hitting an intraday low of $20,541.54, while Ethereum fell to a five-day low of $1,509.42. • The RSI is currently hovering close to a floor at 70.00, indicating that a further …
Crypto Markets Plunge on Weak U.S. Retail Sales Figures Read More »
• Monero (XMR) rebounded from recent losses on Tuesday, attempting to recapture recent highs. • Polkadot (DOT) also moved higher in today’s session, snapping a two-day losing streak. • The tokens both moved towards their respective ceilings, with the relative strength index (RSI) needing to move back towards the 80.00 mark for Monero and 82.00 …
Monero and Polkadot Rebound, Aiming For New Highs Read More »
• Cryptocurrency markets have shown double-digit gains during the last two weeks, with bitcoin and ethereum both performing well. • Decentraland’s MANA token has outperformed a number of top ten coins, with a 88.02% increase in one week and 131.8% in two weeks. • Frax Share and FTX Token have also seen significant growth this …
Cryptocurrency Market Booms: MANA Token Up 88.02%, Frax Share Up 81.69% Read More »
• Vueling, a Spanish budget airline, is exploring the usage of blockchain and NFT technology to accept cryptocurrency as a means of payment for its services. • The airline has enlisted the help of Criptan, a registered Spanish cryptocurrency exchange, to process and complete customers‘ orders using crypto. • The functionality is expected to be …
Vueling To Accept Cryptocurrency Payments In Q3 2023 Read More »