A Millennial’s Guide to Retirement Planning: Building a Secure Financial Future
Retirement may seem like a distant milestone for millennials, but the truth is that the earlier you start planning and saving, the better off you'll be in the long run. With the changing landscape of employment, rising living costs, and uncertainty surrounding...
Securing Your Crypto: The Case for Cold Wallets Over Hot Wallets
Introduction In the ever-evolving landscape of cryptocurrency, one of the most critical decisions holders can make is how to store their digital assets securely. With the rise of cyber threats and hacking incidents targeting cryptocurrency exchanges and online...
Xiaomi’s SU7 EV launches cheaper than Tesla’s Model 3 in China
Key Points Xiaomi CEO Lei Jun has introduced the standard version of their electric car, SU7, which is expected to sell at $30,408, a price that will help them enter the market even if they make losses per car. The SU7 is now selling at $4K cheaper than Tesla’s Model...
Biden administration takes new steps to regulate Artificial Intelligence
Key Points Biden's administration has laid out new regulations to monitor Artificial Intelligence technology usage and safety within government organizations and agencies. In the new rules, all agencies must establish specific safeguards for AI applications that could...
20 Effective Strategies to Attain Financial Freedom
Financial freedom is a goal that many aspire to achieve, but it requires dedication, discipline, and strategic planning. Whether your definition of financial freedom involves retiring early, living debt-free, or having the flexibility to pursue your passions without...
Banking
Europe’s Stripe rival Adyen losses $20 billion in a day
Key points Adyen, a money transmitter company, experienced a stock flash crash on Thursday by 39% after the company announced its slowest revenue growth on record. Adyen has been seen for a long as a growth stock after posting consistent revenue growth of 26% each...
FedNow showcases a DLT platform powered by Hedera Hashgraph
Key Points FedNow has showcased a new DLT-powered payments platform built on Hedera to its list that showcases service providers. The Federal Reserve previously indicated that it would not support or endorse any showcase providers featured on its website. The United...
UK economy sees a surprise 0.2% growth in Q2 as manufacturing output and household expenditure rise
Key points The UK economy has defied all odds and posted an impressive 0.2% growth despite projections that it would contract in Q2. The growth came as household expenditure rose in tandem with manufacturing output. Economists still fear the effects of high-interest...
JP Morgan calls off signal on a 2023 US recession but warns of existing risks heading to 2024
Key PointsWe doubt the economy will slip into a mild contraction in the next quarter- JP MorganRates still keep recession possibilities alive. Key Points JP Morgan, one of the largest banking institutions in the world, has called off its signal for a possibility of a...
US Credit Score downgrade sinks global markets
Key Points Fitch announced on Tuesday that it was downgrading the US long-term foreign-currency issuer default rating from AAA to AA+. The US Credit Score was always on the balance of being revised downwards by Fitch following the 2023 debt ceiling crisis. US Stock...
PacWest Bancorp stocks flash crash recover after a rescue merger with Banc of California
Key Points PacWest Bancorp shares have recovered after Bank of California struck a rescue merger deal. The bank's shares had crashed 27% in hours, slumping from $10.33 to $7.50 on July 25 PacWest Bancorp has been saved from becoming the latest bank to crash in a...
Finance
Demystifying Venture Funds: Significance and Impact on the Innovation Landscape
IntroductionUnderstanding Venture FundsWhy Venture Funds MatterVenture Fund LifecycleRisks and ChallengesConclusion Introduction As an investor, it's good to understand the crucial role venture funds play in the world of finance and innovation. This article delves...
Chinese real estate developer Country Garden to be removed from Hang Seng Index on Sept 4
Key Points China’s Country Garden, a real estate developer, is set to be removed from Hang Seng Index on Sept 4 and be replaced by Sinopharm. Country Garden Services will also be removed from the Hang Seng China Enterprises Index and be replaced by Trip.com following...
China to counter US’s plans to restrict investments in its advanced technology
Key Points China’s Ministry of Commerce could respond to Biden’s executive order to restrict investments in advanced Chinese technology US Commerce Secretary Gina Raimondo is set to visit the country amid a souring business relationship. US Commerce Secretary Gina...
Bank of Russia raises interest rates to 12% following Ruble plunge
Key Points The Bank of Russia has introduced new interest rates as the Ruble falls to hit an almost 17-month low against the dollar. The interest rate hike was done during an emergency meeting after the Ruble was gripped by a drop in value past the 100 mark against a...
China’s economic uncertainties increase as loans plunge, creating property fears
Key points China’s economic turmoils keep increasing as credit data released Friday shows a slump in demand for households and businesses borrowing money. Developer Country Garden suspended trading at least 10 of its mainland-china traded Yuan bonds. China’s economy...
Russian Ruble slumps to a 17-month low past 100 against the US dollar
Key Points The Russian Ruble has slumped harder against the US Dollar as it trades at a near 17-month low. President Vladimir Putin’s economic advisor blames loose monetary policy for the rapid depreciation of the Ruble. The Bank of Russia blames the country’s...
Technology News
Microsoft and Aptos Labs strike a deal to build new AI blockchain solutions
Key Points Microsoft has announced a partnership with Aptos labs for AI solutions, driving Aptos tokens' prices high. Microsoft has been pushing its limits to stay competitive amid the rise of AI among tech companies like Meta and OpenAI. Aptos Labs, started by former...
Bob Iger’s Disney creates an AI task force to explore tech and cost-cutting options
Key Points Disney has reportedly created a task force to study how AI can be used to cut costs in the studio. The development comes when Writers and Actors are on strike due to payment concerns and AI threats to their job security. House of Mouse CEO Bob Iger has...
Monetary Authority of Singapore to commit S$150M in FinTech markets, including Web 3
Key Points The Monetary Authority of Singapore released a report indicting a plan to commit S$150 M to explore and support emerging FinTech solutions like Web3. This report comes at a time when the MAS has been increasing its efforts in regulating and boosting the...
Mark Zuckerberg’s Meta to launch distinguished AI chatbots with personalities
Key Points Mark Zuckerberg’s Meta is preparing to have an edge against its competitors by launching AI chatbots with personalities. The move is to ensure that the company ‘retains users’ as more competitors grow in the budding industry. Meta, a social media...
Podcast
Around the Block With Jefferson Nunn – Interview With Sumedha Deshmukh from Crypto Council for Innovation.
In the newest edition of "Around the Block With Jefferson Nunn," Jefferson interviews Sumedha Deshmukh. Sumedha Deshmukh is a policy advisor at the Crypto Council for Innovation and a PhD student at the University of Cambridge. Prior to that, she was a member of the...
Around the Block With Jefferson Nunn – Interview With Jan Silhavy from The Crypto Headhunter.
In the newest edition of "Around the Block With Jefferson Nunn," Jefferson interviews Jan Silhavy. Jan is a Founder at The Crypto Headhunter and Co-Founder at Step In. He is a young entrepreneur, crypto enthusiast, and...
Around the Block With Jefferson Nunn – Interview With Simon Grunfeld from Cogni.
In the newest edition of "Around the Block With Jefferson Nunn," Jefferson interviews Simon Grunfeld. Simon Grunfeld is a VP of Web3 at Cogni. He is a founder and entrepreneur and brings a wealth of global experience across a broad spectrum of industries, ranging from...
Around the Block With Jefferson Nunn – Interview With Gaurav Dubey from TDeFi.
In the newest edition of "Around the Block With Jefferson Nunn," Jefferson interviews Gaurav Dubey. Gaurav is the CEO of TDeFi - Crypto Incubator and Advisory that supports DeFi, NFT, GameFi, and Metaverse projects. Gaurav started making money at 12 by repairing...
Coingecko introduces a tracking list of the 48 tokens ‘confirmed’ as securities by the US SEC
Key Points Coingecko has introduced a tracking list of the top alleged coins by the US SEC to be securities. The list spans 48 coins and is expected to grow as the authorities keep cracking down on the crypto space. The new index by Coingecko tracks the biggest crypto...
MicroStrategy buys 14.5M worth of Bitcoin and may spend over $750M more
Key Points MicroStrategy has added another 14.5M worth of Bitcoin after adding 12,333 in June. The company says it plans to raise upwards of 750 million dollars to invest in the currency, among other corporate duties. MicroStrategy's Bitcoin buying spree continues as...
Justin Sun invests over $2.3m in Curve alongside a new Tron stUSDT liquidity pool
Key Points Tron network founder Justin Sun has introduced a stUSDT liquidity pool on Curve Finance to save the DeFi protocol from impending financial doom. Curve Finance has been losing the value of its tokens due to a Sunday exploit that puts the founder's $168M loan...
All cryptos apart from BTC are securities-SEC
Key Points US SEC reportedly asked Coinbase to delist all cryptocurrencies it trades, alleging all cryptos apart from BTC are securities. The regulator took the incentive shortly before filing a lawsuit against the exchange, alleging it was acting as an unregulated...
Hot Stories
Securing Your Crypto: The Case for Cold Wallets Over Hot Wallets
Introduction In the ever-evolving landscape of cryptocurrency, one of the most critical decisions holders can make is how to store their digital assets securely. With the rise of cyber threats and hacking incidents targeting cryptocurrency exchanges and online...
Xiaomi’s SU7 EV launches cheaper than Tesla’s Model 3 in China
Key Points Xiaomi CEO Lei Jun has introduced the standard version of their electric car, SU7, which is expected to sell at $30,408, a price that will help them enter the market even if they make losses per car. The SU7 is now selling at $4K cheaper than Tesla’s Model...
Biden administration takes new steps to regulate Artificial Intelligence
Key Points Biden's administration has laid out new regulations to monitor Artificial Intelligence technology usage and safety within government organizations and agencies. In the new rules, all agencies must establish specific safeguards for AI applications that could...
20 Effective Strategies to Attain Financial Freedom
Financial freedom is a goal that many aspire to achieve, but it requires dedication, discipline, and strategic planning. Whether your definition of financial freedom involves retiring early, living debt-free, or having the flexibility to pursue your passions without...
Understanding the Difference Between Salary and Hourly Wages
Introduction Salary:Advantages of Salary:Disadvantages of Salary:Hourly Rate:Advantages of Hourly Rate:Disadvantages of Hourly Rate:Conclusion: Introduction In the realm of employment, the terms "salary" and "hourly rate" represent two fundamental methods of...
Preparing Your Finances: Budgeting for a New Baby
Welcoming a new baby into your family is an incredibly joyous occasion, but it also comes with a host of new responsibilities, including financial ones. From diapers and formula to medical expenses and childcare, the costs associated with raising a child can add up...