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Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers
19.8.2022
The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection...
‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says
18.8.2022
Thomas Braziel, partner at investment firm 507 Capital, joined CoinDesk TV’s “First Mover” to discuss Celsius Network and why its relationship with customers could be over
19 celebrities called out by consumer watchdog group for shilling NFTs
16.8.2022
Consumer watchdog group Truth in Advertising says celebrities promoting non-fungible tokens (NFTs) on their social media channels is an area "rife with deception."
Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’
15.8.2022
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it...
Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation
11.8.2022
Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust consumer protection and financial stability regulatory frameworks,” they added. Bank...
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’
10.8.2022
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications...
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed
6.8.2022
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall...
Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks
6.8.2022
Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising...
US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market
5.8.2022
U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S....
Funko Partners With Entertainment Giant Paramount to Drop Avatar Legends NFTs
30.7.2022
On July 29, the pop-culture consumer products firm, Funko, announced that the company has partnered with the multinational mass media and entertainment corporation Paramount Global. The two corporations plan to introduce a series of non-fungible tokens (NFTs) based on the Avatar Legends universe....
Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’
24.7.2022
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months...
Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’
20.7.2022
Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 basis points (bps) on July 26. Blackstone’s Private Wealth Solutions expects the Fed to raise...
White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending
17.7.2022
While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing...
‘World War III Has Begun,’ Says Gerald Celente; Plus, Long-Term BTC Predictions and Scorching US Inflation — Bitcoin.com News Week in Review
17.7.2022
Trend forecaster Gerald Celente told Bitcoin.com News that “World War III has begun,” weighing in on Covid-19, crypto, the Great Reset, and gold in an exclusive interview. Jordan Belfort, aka the Wolf of Wall Street, talked long-term BTC investing, as scorching inflation in the U.S....
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...
What bear market? Consumer confidence higher among crypto owners than normies
8.7.2022
The research firm said that the discrepancy is partially explained by the fact that the average crypto owner is “more likely to be wealthier, younger and male” than the average U.S. adult
Initial D x Nike Dunks Are Just Lovely
8.7.2022
While the Dunk craze is surely reaching its saturation point—I was in Sydney earlier this week and it felt like 40% of kids were rocking Pandas—there’s always room for innovation and amazing design work on the decades-old shoe. It just doesn’t always have to come from Nike themselves.Read more
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $20,000 as U.S. Consumer Confidence Plunges
29.6.2022
Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin...
Shopify unveils tokengated commerce as part of new connect-to-consumer experience
22.6.2022
Select merchant partners will be able to rollout exclusive goods for NFT tokenholders
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation
22.6.2022
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows...