What to Know Before Investing in Cryptocurrencies
IntroductionWhat You Should Know When Investing in CryptocurrenciesConclusion Introduction Cryptocurrencies have taken the financial world by storm, attracting investors from all walks of life. The allure of high returns and the promise of revolutionizing traditional...
Mixin Network suffers $200M in mainnet asset drain
Mixin Network, a decentralized peer-to-peer network, has lost nearly $200 million in a mainnet hack. The hack compromised the database of a third-party cloud service provider Mixin Network has taken to X.com to confirm that its services are down as a hack has...
Court approves 76 days defense time extension in SEC prosecution against Justin Sun
The SEC vs. Justin Sun case on possible Tron (TRX) market manipulation has seen a new development after the presiding judge granted a defense extension till December 8, 2023, to explore possible resolution before motion practice. Justin Sun’s legal team gets more time...
Brazil to add crypto to debtor’s protected list
Brazilian lawmakers are working on a law that could see crypto enter the debtor’s protected assets list. This means that significant crypto holdings might start being protected from seizures on behalf of creditors in the country. Brazilian lawmakers are discussing a...
Financing: What Does It Mean?
IntroductionDefining FinancingForms of FinancingSignificance of FinancingChallenges in FinancingConclusion Introduction Financing is a fundamental concept in the world of economics and personal finance. It plays a crucial role in enabling individuals, businesses, and...
Banking
Deutsche Bank latest in banking crisis contagion?
Deutsche Bank shares have retreated for a third day, losing over a fifth of their value in a month. The share prices fell by over 9% in early trade markets on March 24, 2023.
Gamestop (GME) reports a profit-squeezing shorters
GameStop has released a positive Q4 financial report, shocking many short-sellers as its shares skyrocketed. The company’s stocks had been on almost a free fall over the past few months, but the trend seems to be reversing now.
Inflation is spiking globally – 5 top survival tips
All economies worldwide, including the wealthiest ones like the U.K., US, Germany, Australia, and Spain, are being afflicted by a spiking level of inflation.
JP Morgan reckons that Deposit tokens could trade on DeFi like Stablecoins
JP Morgan, one of the largest investment banks in the world, has lately made a vaticination about the future of finance in the DeFi( Decentralized finance) space. According to the bank, deposit tokens could soon trade on DeFi platforms in an analogous manner to stablecoins.
FTX debacle gets new twists with Bankman-Fried at the center
FTX meltdown has been monumental. Now, a series of events haunt Bankman-Fried and keep him away from what was once his crypto estate.
Silvergate suspends 2023 dividends due to liquidity issues
Silvergate has suspended its dividends due to financial constraints. It claims it is taking that step to preserve a highly liquid balance sheet following a significant loss in Q4 2022.
Finance
Elon Musk becomes the richest person in the world again
Tesla CEO Elon Musk has regained his status as the world’s richest man once again as he overtakes Bernard Arnault. Elon Musk is touring China for the first time in three years on May 31, 2023, meeting China’s foreign minister Qin Gang.
Debt ceiling bill passes in the House; Senate to have the last laugh
The House passed a debt ceiling bill on Wednesday night, days before the U.S. Treasury runs out of money to pay its bills.
Treasury Yields fall as investors anticipate debt ceiling vote
U.S. Treasury Yields have fallen as investors wait for a crucial debt ceiling vote to be held in the House of Representatives later in the day.
Argentina to expand de-dollarisation efforts: fostering better relations with China
Argentina, one of the countries struggling with the highest inflation rates currently, is planning to expand its plans to de-couple from the U.S. dollar. The Minister of Economy, Sergio Massa, will enter into talks with China to expand the current swap line from $5 billion to $10 billion lent in Chinese Yuan.
U.S. economy check- Debt ceiling talks deferred, Commerce Department hold talks with China
The U.S. economy may have a fighting chance as the debt ceiling may bear fruit soon as Speaker McCarthy and President Biden are set to reach common ground next week to save the U.S. from an almost imminent debt default.
E.U. markets rise as US debt ceiling talks enter final stages
European stock market opened higher on May 16, 2023, following a previous report that the US was reaching the final stages of best ceiling talks.
Technology News
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Podcast
Around the Block With Jefferson Nunn – Interview With Nicole Grinstead from Lunar Digital Assets.
Catch this latest podcast episode of Around the Block With Jefferson Nunn, with special guest, Nicole Grinstead of Lunar Digital Assets + more!
Around the Block With Jefferson Nunn – Interview With Christian Reza.
Catch the latest episode of Around the Block With Jefferson Nunn. On this episode, Jefferson interviews Christian Reza - a marketing expert and coach, as they discuss practical skills and strategies needed in navigating the world of Web 3.0, NFTs, Crypto, Tokens, and...
Around the Block With Jefferson Nunn – Interview With Roberto Capodieci from DecBC.com.
Catch the latest episode of Around the Block With Jefferson Nunn now!
Around the Block With Jefferson Nunn – Interview With Mukhtar Mussabetov, Blockchain Entrepreneur.
Catch this latest episode of Around the Block With Jefferson Nunn, with special guest, Mukhtar Mussabetov, a Blockchain Entrepreneur, as they discuss the future of blockchain space and more!
Charles Hoskinson debunks a FUD that interest in Cardano is waning
Cardano CEO Charles Hoskinson has replied to a tweet praising the Cardano ecosystem for its efforts to weather the current bear market cycle, saying it’s commendable to uphold total decentralization in the process.
Bitcoin is a defense against “manipulation of the money supply”-Robert F. Kennedy Jr
In a June 28 tweet, Robert F. Kennedy Jr expressed that he would support Bitcoin and ensure that all US citizens have the right to hold their Bitcoin and make it inviolable. He added that it is a nice tool to save US citizens from totalitarianism and manipulation of the money supply.
Chibi Finance-Arbitrum based protocol conducts an exit scam
On 27 June 2023, Chibi Finance conducted an exit scam on the project. The team removed liquidity from the Arbitrum-based protocol, which was then bridged to Ethereum, where 555 ETH, approximately $1,041,141, was deposited into the crypto mixer Tornado Cash before being transferred to individual wallets across other networks.
DeFi markets rises in the past 2 weeks owing to harsh regulation in the US
DeFi has seen a market cap spike of 15% in the past two weeks as the US and other global regulators are going harder after crypto organizations. The market capitalization has increased by $6.3 billion in the time frame from $41.5 billion to $47.8 billion.
Hot Stories
U.K. considers blanket ban on crypto investment cold calls
Key Points The United Kingdom Treasury has released a consultation paper seeking to understand the effects of a blanket ban on crypto-related cold calls. The new fieldwork seeks to understand the impacts such a crypto regulation would have on businesses and the...
BlockFi argues FTX and Three Arrows Capital aren’t victims in the repayment case
Key Points Bankrupt crypto lender BlockFi is working on blocking FTX and 3AC from retrieving millions in loan payback. FTX and 3AC had lent money to BlockFi but underwent bankruptcy in 2022, necessitating the payback of loans given to the crypto lender. In an August...
Binance.US to use MoonPay as their USD banking ramp
Key Points Binance.US has scored another win after securing a partnership with MoonPay after having its US bank ties severed. The exchange was on the spot after a lawsuit from the US SEC, prompting the banks to draw away from it as preventive measures. Binance.US has...
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...
Bitcoin hash difficulty jumps 6%
Key Points Bitcoin's hash difficulty has risen by 6% despite a market dip. Bitcoin recently fell to 26K levels claiming over $1 billion in liquidations. BTC price action is causing panic in the markets as traders are experiencing high liquidation ratios. However,...
South Korean City of Cheongju to seize crypto from thousands of tax evaders
Key Points Authorities in the South Korean City of Cheongju are set to seize crypto from uncooperative taxpayers. These authorities seek to seize crypto from thousands who have over $750 in crypto taxes to the government. The South Korean City of Cheongju is set to...