Declaring the move its “next experiment,” the NFT collection DeGods is the latest to institute a 0% royalty policy. Calling the move the best decision for its business, it effectively removes the collection from potential future legal actions relating to artist royalties. Non-fungible tokens, also known as NFTs, are cryptographically unique tokens linked to digital and physical content, memberships, or…
Month: October 2022
Six Ways Bitcoin Is Transforming Utilities – Bitcoin Magazine
This is an opinion editorial by Dan Luddy, a mechanical engineer and energy consultant with 15 years of experience in high performance building design. The energy we use to heat our buildings is a major contributor to global greenhouse gas emissions and is a focus of decarbonization initiatives. By reusing waste heat, Bitcoin mining could be profitably integrated into commercial…
Former Fed Chair Ben Bernanke Wins Nobel Prize in Economics ‘for Research on Banks and Financial Crises’ – Economics Bitcoin News
Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse and under a mountain of debt with quantitative easing.” Former…
Coinbase gains in-principle approval for Singapore crypto license
The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it’s also working with local industry groups to improve regulations. Source: https://cointelegraph.com/news/coinbase-gains-in-principle-approval-for-singapore-crypto-license
G20 to Review Crypto Regulation Framework This Week
The Organization for Economic Co-operation and Development (OECD) on Monday submitted a framework to increase international transparency in crypto to the G20. Twenty participating member countries make up the G20, including China, India, South Korea, Brazil, the U.S., the United Kingdom, and the European Union, to name a few. Back in April 2021, the G20 tasked the OECD with developing…
With Inflation 10% Time To Get Off Fiat – Bitcoin Magazine
This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture. Over the past two years, the topic of inflation went mainstream. Instead of a slow and steady 2% inflation rate in the U.S., we’ve seen 10%-plus annualized inflation in goods that are critical to our survival, like food and energy. Over that same time…
Customer support staff swamped during market swings — exchange execs
Binance Australia’s CEO says it is imperative that customer support is ready for a large influx of customer inquiries at any moment. Source: https://cointelegraph.com/news/customer-support-staff-swamped-during-market-swings-exchange-execs
JPMorgan CEO Jamie Dimon Warns Recession Could Hit in 6 Months, Stock Market Could Drop 20% More — ‘This Is Serious Stuff’ – Economics Bitcoin News
The CEO of global investment bank JPMorgan, Jamie Dimon, has warned that the U.S. economy could tip into recession in six to nine months. “This is serious stuff,” the executive stressed, adding that the stock market could easily fall another 20%. JPMorgan CEO Jamie Dimon’s Warnings JPMorgan CEO Jamie Dimon shared his warnings about the U.S. economy and the stock…
Crypto's downturn is about more than the macro environment
The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term. Source: https://cointelegraph.com/news/crypto-s-downturn-is-about-more-than-the-macro-environment
Ethereum Supply Turns Deflationary—But Price Still Struggles
As global financial institutions wrestle with record levels of inflation, Ethereum is facing an inverse dilemma. Since Saturday, ETH supply has dropped by over 4,000 tokens, according to data from ultrasound.money, but saw no corresponding price boost. ETH’s price, despite a lowered supply, has fallen some 3.6% in the same period, to $1,307 at writing. …