Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists. Deutsche Bank’s Recession Forecast Deutsche Bank’s chief U.S. economist, Matt…
The top social media platform in China, WeChat, has updated its policies to ban accounts that provide access to crypto or NFT-related services. Under the new guidelines, accounts involved with the issuance, trading, and financing of crypto and NFTs will be either restricted or banned and will fall under the “illegal business” category. The policy also covers secondary NFT trading,…
This is an opinion editorial by Conor Chepenik, a contributor to Bitcoin Magazine. Humans are derivatives of other humans. Initially, we learn how to act based on our parents’ behavior and as we get older we develop critical thinking skills and parrot the talking points of others that resonate with us. That is why choosing what you fill your mind…
The Sepolia testnet Beacon Chain has gone live, setting the stage for its merge dress rehearsal to give Ethereum network developers valuable technical insights. Upon merging with its dedicated Beacon Chain, the Sepolia testnet will begin reaching consensus using proof of stake (PoS) rather than proof of work (PoW) which will provide data on what may happen when the Ethereum…
Margarita Groisman graduated from the Georgia Institute of Technology with a degree in industrial engineering and analytics. (Source) Since modern capitalism’s emergence in the early 19th century, many societies have seen a meteoric rise in wealth and access to cheap goods — with the party coming to an end years later with some sort of major restructuring triggered by a…
Listen To The Episode Here: In this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost discuss a recent blog post by Jameson Lopp titled, “Has Bitcoin Ever Hard Forked?” Hard forks are generally defined as Bitcoin protocol upgrades that remove or loosen rules, making these types of upgrades backwards-incompatible. Van Wirdum and Provoost explain, however, that in…
President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.” Biden: U.S. Recession Isn’t Inevitable President Joe Biden reiterated to reporters Monday in…
The government of Ukraine announced today that its Aid for Ukraine crypto fundraising campaign sold a donated Cryptopunk NFT and raised over $100,000 to support its war efforts against Russia. Cryptopunk #5364 was donated to the Ukrainian crypto fund in March. Yesterday, the fund sold the NFT to an anonymous buyer for 90 ETH. NFTs are blockchain-based tokens that show ownership over…
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed by digital assets. SEC Chair Gensler’s Crypto Warning SEC Chairman…
Even amid a crypto bear market, NFT fanatics from all over the world will flood into New York City this week for the second year of NFT NYC, and Decrypt will cover every inch of it and have a key presence at multiple events. This year, Decrypt Media is co-sponsoring two major events: GRAVITY by BeetsDAO on June 22 and the 90s…
