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 and the prospect of a…
After weeks of being in the red, Bitcoin and Ethereum are climbing. Bitcoin, the world’s top cryptocurrency by market cap, is $21,663, up roughly 10% in the past week and is up 6% on Thursday alone, per CoinMarketCap data. Similarly, Ethereum has also seen notable gains, up to $1,238 or 7% Thursday and 19% over the past seven-day period. The…
After weeks of being in the red, Bitcoin and Ethereum are climbing. Bitcoin, the world’s top cryptocurrency by market cap, is $21,663, up roughly 10% in the past week and is up 6% on Thursday alone, per CoinMarketCap data. Similarly, Ethereum has also seen notable gains, up to $1,238 or 7% Thursday and 19% over the past seven-day period. The…
Content aggregation, ranking, and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people who join the r/CollectibleAvatars community. Collectible Avatars…
Compass Mining announced today that it would reduce staff by 15% and reduce compensation for executives by up to 50%. “Today, we have made the difficult decision to reduce the size of the Compass team by 15% and to implement significant compensation and spend reductions across the rest of the business,” wrote Compass co-founders and interim CEOs Thomas Heller and…
Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games. The American firm announced the launch of Konvoy Fund III, with $150 million in capital that it plans to invest in a variety of platforms and technologies in the global gaming sector. According to Bloomberg, up to 30% ($45…
Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring money, or more precisely bitcoin (BTC), for this lucky player on our crypto casino! We reported earlier in March ‘21 that a lucky…
A Dune Analytics user has tallied the number of NFTs from top collections that have been marked as stolen or suspicious and thus frozen on OpenSea, and the numbers are staggering. According to a new dashboard on the crypto data aggregator, 130 Bored Ape Yacht Club NFTs and 268 Mutant Ape Yacht Club NFTs have been marked as “reported for…
Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital. Voyager Digital filed for bankruptcy under Chapter 11, citing debts of up to $10 billion to 100,000 creditors in a…
Binance CEO CZ on Crypto Bailouts and the Deals He Would Not Do In an interview for Decrypt’s gm podcast, CZ laid out Binance’s approach to “bailouts” amid the crypto liquidity crunch, and criticized Alameda’s complicated lifeline to Voyager. Read the story Source: https://decrypt.co/videos/interviews/tk3vyRsI/binance-ceo-cz-on-crypto-bailouts-and-the-deals-he-would-not-do
