Economist Peter Schiff has cautioned that the present banking crisis is the cusp of a much worse financial crisis. “It’s going to get much much worse if you are going to try to dismiss it,” he stressed. Citing the Federal Reserve’s recession forecast, he warned: “Normally the Fed doesn’t forecast a recession. So if they can actually see this one…
Truth Labs, the creator of the Goblintown Ethereum NFT collection that went viral as the NFT market slumped last year, has been accused of “rugging” holders this week by changing all of the project’s artwork into animated GIFs of a middle finger holding up three additional middle fingers. “Fuck royalties. Fuck supporting building and creatives. Flipping is the heart of what…
EOS EVM emulates the Ethereum Virtual Machine (EVM) and allows for the deployment of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers. The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM Mainnet, which aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS. This release…
Economist Peter C. Earle says de-dollarization has begun, emphasizing that “It’s not just the conscription of the dollar in economic warfare, but increasingly error-fraught monetary policy regimes that are driving various interests away from the greenback.” He described: “By weaponizing dollar dominance and permitting expanding mandates to disorient U.S. monetary policy, the dollar’s fate as the lingua franca of world…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitcoin’s day of glory on Chinese TikTok On Apr. 10, Douyin, the version of Tiktok exclusive to Chinese users, began publishing price quotes related to Bitcoin (BTC) and other cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). The move sparked rampant speculation among the…
FTX’s token FTT is falling again. And while its recent slip isn’t as calamitous as last November when FTX Founder Sam Bankman-Fried’s crypto empire was swiftly wiped out, the recent stumble is still connected to the exchange’s existence—or lack thereof. The token that offered investors lower trading fees and other perks when transacting on FTX nearly doubled yesterday after the…
According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intent to embrace Web3 technologies. Mastercard Launches Second NFT Offering In January, Mastercard announced its partnership with Polygon to support up-and-coming artists through the Mastercard…
After a two year break, OpenBazaar, the decentralized marketplace platform, is on its way back to life, according to some vague tweets from its official account. The digital marketplace—where users sold goods from homemade candles to medicine—had shuttered in late 2020 due to dried up funding. After initially announcing its closure, the marketplace was temporarily rescued by an anonymous donor—but…
Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses running blockchain nodes. In an April 12 decision, Governor Hobbs issued a veto to Arizona Bill 1236, first introduced in January. The legislation aimed to revise sections of statutes pertaining to blockchain technology, largely…
Payments processing firm Mastercard debuted a free Music Pass NFT drop this week amid the annual NFT NYC conference, offering collectors a number of benefits ahead for holding the token. The digital collectible is a part of the Mastercard Artist Accelerator program launched in January. The Mastercard Music Pass NFT can be minted for free until the end of April.…
