MoonDAO announces sweepstakes for a second ticket to Space
Key Points MoonDAO is offering its second ticket to take another DAO-voted member into Space via Jeff Bezos's company, Blue Origin. MoonDAO sent the first DAO-voted member into Space in August 2022 and is now back with similar pursuits. In August 2022, MoonDAO...
Scalability debate reignites as ETH and BTC gas fees surge with price rises
Key Points Bitcoin has broken an 18-month high by trading at over $37,500 on Nov 9. ETH has also been surging in prices, but so is its gas fees. Over the past 24 hours, it breached the $200 mark for given high-priority transactions, igniting debate on scalability...
Standard Chartered venture arm eyes setting up a crypto fund in UAE
Key Points Global banking giant Standard Chartered is eyeing setting up a crypto fund in the United Arab Emirates. The disclosure comes days after the UAE issued guidance on crypto regulation requiring VASPs to be licensed to increase the transparency of financial...
Unveiling the Dynamics of Spot Market ETFs: A Comprehensive Guide
Introduction: In the ever-evolving landscape of investment opportunities, Exchange-Traded Funds (ETFs) have emerged as a versatile and popular choice for both seasoned and novice investors. Among the diverse array of ETFs, the spot market ETF stands out as a dynamic...
The first window for the approval of all 12 spot Bitcoin ETFs by SEC starts today
Key Points US SEC is now approaching the climax of deciding on the ongoing spot Bitcoin approval race by TradFi institutions. Today is the start of the first window for the commission to approve all of the 12 filed spot Bitcoin ETFs. The US SEC has just entered an...
Banking
UBS completes the takeover of Credit Suisse
UBS, a Swiss banking giant, has completed the takeover of Credit Suisse following its collapse in March 2023. The bank will now be in charge of a balance sheet worth over $1.6T and a workforce of around 120K professionals.
UBS and Swiss government strike a loss protection agreement over Credit Suisse take over
UBS and Swiss government have agreed to protect the investors amid the takeover of the collapsed banking giant Credit Suisse. The two announced on June 9, 2023, that they reached an agreement, which will take effect once the takeover of Credit Suisse is completed.
Eurozone plunges into a recession; Brits to endure more pain
Eurozone has plunged into a recession sending negative waves through the market. Brits will have to tighten their belts for tougher economic times ahead. The region has been experiencing one of the highest inflation rates this year among the strongest economies hitting over 10% and sustaining for a long time.
Top European Stocks to plummet 10% in the summer-Morgan Stanley
Morgan Stanley has predicted that the top European stocks may fall by over 10% this summer as a harsh economic season grapples the Euro Zone. Morgan Stanley has already cut its sector rating on financial to neutral in favour of Pharmaceuticals.
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.
U.S. Senate passes debt ceiling bill; Markets and community reacts
The U.S. Senate has passed the debt ceiling bill preventing the U.S. from defaulting on its debt which would have been the first event of its kind.
Finance
Record U.K. wage growth depicts looming fear over inflation embedding
U.K. wage growth has shaken the eurozone markets as the country battles wild inflation rates. Investors are digesting the report, which shows inflation could run wild for a little longer.
US Treasury Secretary Janet Yellen becomes second U.S. Cabinet member to visit China in a month
US’s Janet Yellen is in China for bilateral business talks as the relations between the two countries have become sour recently. Yellen is now the second member of the U.S. Cabinet to visit the Asian super economy in a month, among high-profile visitors who have been there for business purposes like Elon Musk and Apple’s Tim Cook.
Balaji Srinivasan: De-dollarisation is decentralization
Balaji Srinivasan has reflected on central banks buying gold as fiat money continues to weaken globally as economic factions grow, showing worrying times ahead that inflation may continue for a while longer. He claims that the cited central bankers are relocating funds from riskier investments as a strategy to brace against a de-dollarisation impact.
Fuel-Saving Strategies: A Comprehensive Guide to Minimizing Gas Consumption and Saving Money
With fuel costs representing a significant portion of household budgets, finding ways to save on gas consumption can make a notable difference in overall expenses.
Mastering Grocery Shopping on a Budget: 30 Effective Tips for Smart Budgeting
Grocery shopping is a necessity, but it can also be a significant expense for many households. However, with the right strategies and mindful planning, you can save money while still enjoying nutritious meals
Twitter secures money transmitter licenses in three US states
Twitter has secured licenses to operate as a money transmitter in Missouri, New Hampshire, and Michigan, setting the stone rolling for its dream of becoming a financial service provider. Elon Musk disclosed this plan when taking over the social media giant last year to set it apart from the growing competition.
Technology News
U.S. Senators propose AI bills to streamline the industry
U.S. Senators have introduced a bipartisan bill to increase the transparency behind AI usage and foster innovation.
Tech CEOs want A.I. paused so they can catch up- Palantir CEO
Karp is opposed to the idea that tech CEOs are genuinely concerned with the after-effects and risks of A.I. He believes that these leaders are calling regulators and governments to stop or pause A.I. products so they can catch up and remain competitive.
Apple Vision Pro headset reveal resuscitates debate on metaverse vs virtual reality
Apple Vision Pro headset revealed at the WWDC on June 5 and dubbed the first special computer edging out VR, AR and metaverses.
US vice president holds a meeting to discuss the risks of AI
US vice president Kamala Harris met with top tech CEOs to discuss the risks associated with AI. She met with the CEOs, accompanied by Biden’s top advisors, on May 4, 2023, to figure out the impacts of the budding technology. AI discussions continue raging Kamala was...
Podcast
Around the Block With Jefferson Nunn – Interview With Aleksey Zavgorodniy from Unicsoft.
Catch this latest episode of Around the Block With Jefferson Nunn. On this episode, Jefferson interviews Aleksey Zavgorodniy, CEO & Founder at Unicsoft.
Around the Block With Jefferson Nunn – Interview With David Fernandez – Senior Blockchain Developer @CW3.
In the newest edition of "Around the Block With Jefferson Nunn," Jefferson interviews David Fernandez. David Fernandez is a Blockchain Developer at WeSchool and has worked at Web3 for 2 years. He has worked with clients from all over the world, from London and Italy,...
Around the Block With Jefferson Nunn – Interview With Bill Decker from Next Chain Ventures.
Catch the latest episode of Around the Block With Jefferson Nunn. On this episode, Jefferson interviews Bill Decker, Director and Chief Marketing Officer at Next Chain Ventures.
Around the Block With Jefferson Nunn – Interview With Yael Tamar from SolidBlock.
Catch the latest episode of Around the Block With Jefferson Nunn. On this episode, Jefferson interviews Yael Tamar, who is the Co-CEO and Co-founder of SolidBlock - an end-to-end platform that allows real estate developers and fund managers to leverage blockchain...
Celsius Network continues to sell altcoins days after CEO Alex Mashinsky was arrested
Key Points Celsius has sold another huge batch of crypto assets despite the US lodging an investigation against it. The sell-off comes days after CEO Alex Mashinsky was arrested and is being charged with fraud in the US. Bankrupt crypto lender Celsius Network has sold...
US SEC under fire for posting an unconvincing press release following loss to Ripple
Voices have been raised against US SEC following its recent loss in the case against Ripple regarding XRP being security. The crypto community feels that authority should have been fair, meaning they would have expected SEC to have an outright win.
Ripple wins case against SEC as US Judge rules XRP is not a security
Ripple has scored a win in the Southern District of New York after the Judge presiding over SEC vs Ripple ordered that XRP is not a security. This filing has sent the crypto token exploding 60% in minutes.
Telegram wallet bot now allows in-app BTC, USDT, and TON payments
Telegram wallet bot has announced the support of USDT, Bitcoin, and Ton crypto payments. It has also asked merchants to take responsibility for investigating if they are allowed to carry out crypto payments before using its innovation
Hot Stories
The first window for the approval of all 12 spot Bitcoin ETFs by SEC starts today
Key Points US SEC is now approaching the climax of deciding on the ongoing spot Bitcoin approval race by TradFi institutions. Today is the start of the first window for the commission to approve all of the 12 filed spot Bitcoin ETFs. The US SEC has just entered an...
Binance Web3 wallet launches
Key Points Binance crypto exchange has launched a Binance Web3 wallet for its 150 M registered users. The Binance Web3 Wallet has been launched within the primary Binance app and is predominantly used for trading cryptocurrencies. Binance has announced the launch of...
What Is Short Selling and How Does It Affect a Market?
How the Process of Short Selling Typically Works:Ways How Short Selling Can Affect the MarketDrawbacks and Risks of Short sellingConclusion Short selling is a trading strategy in financial markets where an investor, known as a "short seller," borrows an asset (such as...
UAE Central Bank to take action against unlicensed Digital Asset Service Providers
Key Points The United Arab Emirates announced a plan to penalize unlicensed Virtual Asset Service Providers (VASPs). The country’s lawyer, Irina Heaver, explained that the new plan is part of UAE’s efforts to move out of the Financial Action Task Force’s “Grey List.”...
Sam Bankman-Fried will be “Skinned alive”: Anthony Scaramucci
Key Points SkyBridge founder Anthony Scaramucci has criticized the decision by Sam Bankman-Fried’s defense to allow him to take the stand. He says that the prosecutors will exploit weaknesses in his story and end up with a longer sentencing. Anthony Scaramucci, the...
How to Prepare for a Bull Market
Preparing for a bull market involves taking steps to make the most of potential investment opportunities and protecting your financial interests as the market experiences growth. Here are some strategies to consider: Educate Yourself: Stay informed about the financial...