Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption of gas flows, a renewed period of sovereign stress or a U.S. recession,” said the economists at Goldman Sachs. Goldman Sachs’ Predictions Two major…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. On July 27, 2022, the Federal Reserve went through with another 75-bp rate hike. This was broadly expected going into the…
This is an opinion editorial by Ray Youssef, CEO of Paxful and cofounder of the Built With Bitcoin Foundation. Global wealth inequality is growing around the world. With inflation, conflict and the pandemic forcing many into extreme poverty, the top 1% are accumulating more power than ever before – capturing nearly 20 times more global wealth than the bottom 50%.…
The Spice has ceased to flow. Spice DAO, a decentralized autonomous organization formed to buy Alejandro Jodorowsky’s storyboard collection known as the “Dune Bible,” announced its plan to dissolve today and pay out holders of the Spice token in ETH. Spice DAO, originally named Dune DAO, was co-founded by Soban “Soby” Saqib to win the auction of a rare copy…
After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third party.” Furthermore, Celsius customers have written to the court begging to get their crypto assets back…
BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap. Source: https://cointelegraph.com/news/3-bitcoin-trading-behaviors-hint-that-btc-s-rebound-to-24k-is-a-fakeout
In brief Axie Infinity’s Ronin network—an Ethereum sidechain—was hacked in March, with $622 million worth of assets stolen as of the time of disclosure. Sky Mavis CEO Trung Nguyen transferred $3 million worth of tokens just before the hack was disclosed, but he says today that claims of insider trading “are baseless and false.” Top crypto game Axie Infinity weathered…
Ethereum is one step away from the merge. And that final step is just days away. The Goerli/Prater testnet deployment, the final test to be completed prior to Ethereum’s much-anticipated transition to proof of stake, will occur next week, according to an announcement by the Ethereum Foundation. Testnets like Goerli are dress rehearsals for the merge, which prepare for that…
The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down Source: https://cointelegraph.com/news/final-candidates-for-next-uk-prime-minister-have-made-pro-crypto-statements
The chairman of the Senate Banking Committee called out the risks of crypto on Thursday, expressing a need from regulators to protect the public from scams and fraud. “Bitcoin can be used for old-time schemes and frauds like Ponzi schemes and bogus investments, promising big returns with only upside and no risk,” said Senator Sherrod Brown (D-OH). “New ways to…
