BNB Chain gets a layer 2 scaling solution powered by Optimism
BNB Chain has lived on to welcome innovations and increase its footprints in the crypto space. It’s now welcoming opBNB, an optimism-powered layer 2 scaling solution.
Warren Buffett’s Berkshire Hathaway ups stakes in 5 Japanese trading firms
Berkshire Hathaway seems pretty convinced by Japanese markets after bagging over $17B to add its stakes in five different Japanese trading firms. Berkshire Hathaway said on June 19 that its wholly-owned subsidiary National Indemnity Company had increased its stake in five Japanese trading firms to average more than 8.5%.
Central Banks differ in taming inflation and dealing with recession fears
Central Banks worldwide have showcased commitment to dealing with wild inflation and evading possible reversed GDP growth. These efforts are necessary as costs of living are increasing in the short term, and if no action gets taken, they could go wild in the future, crippling the basic functioning of the economies in question.
Fidelity Investments to follow BlackRock and file for an iShares Bitcoin ETF
Fidelity Investments is rumoured to be planning on filing for an iShares Bitcoin ETF on top of acquiring troubled digital assets manager Grayscale. The news comes at a time when the crypto space is anticipating the swarming of TradFi institutions into the crypto industry following an initial bold move by BlackRock.
Binance faces more pain as the plan to be regulated in the U.K. falls through
Binance is set to endure more pain as its plan to get regulated in the United Kingdom as a replacement for the United States falls through. A report from its regional manager indicates that the exchange has had to de-register with the FCA but assured users that the process does not have an operational impact as it never did any regulated business in the U.K.
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Hot Stories
Oil prices skyrocket following Saudi Arabia’s new voluntary production cuts
Saudi Arabia has pledged further voluntary oil production cuts, increasing oil prices. According to a statement by the energy minister, the Kingdom is set to decline its production by a million to 9 million barrels a day.
IMF calls out the Fed for not slowing down on lending
The IMF Managing Director Kristalina Georgieva has expressed concern with the federal reserve not pumping brakes on lending.
Texas comes out in support of Bitcoin mining
Texas has shown continued support for Bitcoin mining after passing two bills to help provide incentives to miners
Tight Labor Market: what is it and how can businesses thrive in it?
A tight labor market is a market cycle with plentiful vacant jobs and scarce workers. This usually happens when an economy grows super fast, and most employers are looking to expand their workforce.
U.S.A. jobs rose 339K in May; unemployment rates spiked too
Non-farm U.S.A. jobs increased in May by 339,000, which is much higher than the 190K that Dow Jones estimated.
Elon Musk hit with a new Dogecoin-related lawsuit
Twitter CEO Elon Musk has been sued for Dogecoin market manipulation. The lawsuit says that Musk willingly used Dogecoin as the Twitter logo to drive its market numbers