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IMF: Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out

July 8, 2022

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has Darkened Significantly’ Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook…
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Short Bitcoin ETF Sees Higher Trading Volume Last Week as Longs Liquidated

July 7, 2022

The recently-launched short Bitcoin (BTC) exchange-traded fund (ETF) BITI saw higher trading volumes last week compared to its launch week. The peak in volume so far happened as liquidations of leveraged bitcoin long positions reached its highest in close to two weeks…. Read More: Short Bitcoin ETF Sees Higher Trading Volume Last Week as Longs…
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Reddit Launches NFT Avatar Marketplace, New Gaming Investments + More News

July 7, 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. __________… Read More: Reddit Launches NFT Avatar Marketplace, New Gaming Investments + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Surveyed Central Bank Reserves Managers Say Inflation is Not ‘Transitory’, Likely to Remain High

July 7, 2022

Only 20% of surveyed central bank reserves managers still say that inflation will be “transitory,” as the US Federal Reserve (Fed) and other central banks insisted was the case until recently. Meanwhile, close to half of the managers say inflation is likely to remain elevated, per the latest edition of the OMFIF’s Global Public Investor…
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Shiba Inu Reveals Stablecoin Plans and Dogecoin Comes to Las Vegas

July 7, 2022

Popular dog-themed meme coins shiba inu (SHIB) and dogecoin (DOGE) may get a boost as the former plans to expand its ecosystem with a range of new products, while the latter will reportedly be accepted as a payment method at The Boring Company’s newly-opened transit station in Las Vegas…. Read More: Shiba Inu Reveals Stablecoin…
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Bitcoin traders expect a ‘generational bottom,’ but BTC derivatives data disagrees

July 7, 2022

BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism. A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to…
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Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts

July 7, 2022

Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021. Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific and Riot Blockchain in selling part of its Bitcoin holdings. In a Thursday blog post, Argo said it sold…
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P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons

July 7, 2022

AXS could recapture its former glory if market participants view the launch of land staking, increasing activity on the Ronin bridge and upcoming roadmap targets as bullish catalysts. Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game…
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How will NFTs bridge traditional gaming with blockchain? Enjin’s CTO Witek Radomski explains

July 7, 2022

“There’s also a hugely untapped mountain of gold in gameplay possibilities with NFTs,” says Radomski. When it comes to nonfungible tokens, or NFTs, the subject is often a hit or miss for traditional gamers. While some players welcome the idea of being able to trade in-game digital collectibles for real money, others lament that NFTs…
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Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?

July 7, 2022

Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining? Crypto companies are going belly up left and right and Bitcoin mining companies also appear to be taking on water faster than they can bail. In…
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