The US Federal Reserve (Fed) raised interest rates by 25 basis points today, marking the first rate hike in the US since before the COVID-19 pandemic. The increase was in line with what the central bank has long communicated to the market that it would do. (This is a developing story and is being…
Read more
In December 2021, the CEO of Instagram, Adam Mosseri, discussed how the firm was looking into non-fungible token (NFT) technology during an ask-me-anything (AMA) session. Three months later, at the South by Southwest (SXSW) event in Texas, Meta’s CEO Mark Zuckerberg explained Instagram plans to introduce NFTs in the “near term.” Meta CEO Hints NFT…
Read more
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage and further noted the Fed anticipates…
Read more
The British multinational investment bank and financial services holding company, HSBC, has revealed it has partnered with the blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider to enter The Sandbox metaverse. HSBC Steps Into the Metaverse Over the last 12 months,…
Read more
Today it is common for retailers to offer cash-back as a marketing strategy to attract online shoppers. Working with merchants and implementing a variety of techniques, cash-back companies give competitive rewards for retail transactions to incentivize more spending. Among those merchants is the SocialGood App who currently has 1.85 million users around the world. THE…
Read more
Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority consensus mechanism. The final goal of this project is…
Read more
Bitcoin price declined sharply after a rally to USD 41,500, nearing USD 39,000, but it’s now (11:54 UTC) trading above USD 40,500 once again, having increased 5% in a day. Similarly, major altcoins could accelerate too. ETH broke the USD 2,650 resistance and is now facing hurdles near USD 2,720. XRP is still trading…
Read more
Following days of consolidation, bitcoin rallied above $40,000 on Tuesday, which comes as markets prepare for today’s Fed meeting. ETH also climbed, moving away from its recent support point in the process. Bitcoin BTC finally broke out of its recent streak of price consolidation on Tuesday, as the world’s largest cryptocurrency climbed to almost a…
Read more
Samourai Wallet, a mobile software wallet for Bitcoin (BTC), has defended the need for CoinJoins, insisting that they are not the same as coin mixers, but rather that they provide users with “basic financial privacy” that is not offered by public blockchains…. Read More: Samourai Wallet Defends Need for CoinJoin While Wasabi Already Moved…
Read more
PRESS RELEASE. Vancouver, Canada – MetaBlox has completed their seed round and have raised over $2 million from some of the most highly regarded firms in Web3. The seed funding is co-led by Synergis Capital and CollabCurrency, followed by NFT Technologies, SNZ holdings, Future Life, Slope, CrowdCreate, and multiple technology and few crypto-focused family offices.…
Read more
