Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years. Inflation Continues to Rise in US Americans are dealing…
Major online retailer Amazons IT service management company may be considering driving adoption in the digital asset space among its customers. According to an Oct. 30 job posting, Amazon Web Services New York office is hiring a Financial Services Specialist who understands the overall cryptocurrency and digital asset ecosystem, with experience in blockchain and distributed ledger technology. The company said…
In brief OpenSeas Ethereum NFT trading volume dropped another 12% in October, while collections like CryptoPunks and Art Blocks experienced steeper declines. However, some projects and platforms across the NFT ecosystem were up in October, including Axie Infinity, SuperRare, WAX, and NBA Top Shot. NFTs are generating billions of dollars worth of transactions each month lately. However, the latest sales…
Ether (ETH) pundits have been shouting that the $5,000 price is ‘programmed,’ since 2018 and some go even further by calling for $20,000 over the long-term. $5000 $ETH. It is programmed. — Koroush AK (@KoroushAK) October 29, 2021 A portion of these bullish calls are based on ETH 2.0 staking and the reduced inflation resulting from EIP-1559. At this time…
In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens. Specifically, Buterin discussed the formation of city tokens and decentralized autonomous organizations, known as DAOs. DAOs are self-governing organizations where users draft and enforce rules themselves, such as voting on…
The metaverse is the buzzword of the moment, with everyone from Facebook to Apple working on technologies to bring it to life. Touted as the next iteration of the Internet, it promises a persistent digital universe in which people interact with each other in virtual 3D environments, take ownership of digital objects as NFTs, and work and play in shared…
The Securities and Exchange Commission could be emerging victorious in the race to secure the leading role in regulating stablecoins. Additional clarity on the demarcation of regulatory mandates between the SEC, Commodity Futures Trading Commission and the Treasury Department could come from the Presidents Working Group for Financial Markets (PWG) report that was expected by the end of October but…
It could be argued that nonfungible tokens, or NFTs, have been a concept since 2012. For instance, the inception of Colored Coins in 2012 may have laid the groundwork for NFTs today, as this project demonstrated how the Bitcoin (BTC) blockchain could be used as a transaction mechanism for real-world assets. Fast forward to 2017, a time when CryptoKitties became…
Burger King is giving away 20 bitcoin, 200 ether, and two million dogecoin this month in partnership with trading platform Robinhood. “Each entrant may receive up to 21 Prize Codes” that can be redeemed for cryptocurrencies on Robinhood. ‘Burger King With a Side of Crypto’ Fast food restaurant chain Burger King has announced “Burger King with a side of crypto,”…
Cryptocurrency exchange Crypto.com now tops the charts as the most downloaded app for the U.S. Google Play Store across all categories. According to the most recent list of Google Play Stores top free apps, Crypto.coms app has surgedin the ranks of apps by the number of downloads to jump to the first position ahead of TikTok. Coinbases app sits at…
