Cryptocurrencies and central bank policy were in the news today, with reports on the Central African Republic's top court blocking purchases with a new cryptocurrency, and Fed Chair Jerome Powell's comments on inflation and interest rates. In other news, investors are grappling with the possibility of higher interest rates, and some are pouring money into web3 technology.
Crypto crash: how a teacher's dream investment turned into a nightmare loss
- The Central African Republic's top court has blocked purchases with a new cryptocurrency, stating that it violates the country's monetary laws.
- Morning Bid: Powell steals summer punchbowl refers to the fact that Jerome Powell, the Chairman of the United States Federal Reserve, has effectively stolen the summer punchbowl by keeping interest rates low and boosting asset prices.
- Cryptocurrency ethereum plans to cut carbon emissions by 99% with upgrade - Ethereum plans to reduce its carbon emissions by 99% through a planned upgrade.
- Crypto crash: how a teacher’s dream investment turned into a nightmare loss - A teacher invested in cryptocurrency, only to see the value of his investment plummet.
- US stocks drop as bond yields rise amid investor concerns over renewed Fed hawkishness - US stocks fell as bond yields rose, amid concerns that the Federal Reserve may raise interest rates sooner than expected.
- US stocks fall to extend Friday's steep declines as investors grapple with hawkish Fed policy outlook - US stocks fell further on Monday as investors grappled with the possibility of higher interest rates.
- Five trends to watch when considering a digital banking strategy - As digital banking grows in popularity, there are certain trends that banks should be aware of.
- Venture Capitalists are Pouring Money into Web3. Here's Why. - Web3 is a new type of internet that is decentralized and powered by blockchain technology.
- Transcript: Eric Balchunas - This is a transcript of an interview with Eric Balchunas, a analyst at Bloomberg Intelligence.
- 10 Monday AM Reads - This is a list of 10 articles that are recommended reading for Monday morning.
- Why Ethiopia has moved from banning crypto to regulating it - Ethiopia has changed its stance on cryptocurrency, from banning it to now regulating it.
- Bitcoin drops below $20,000 over concerns on Fed rate hikes - Bitcoin's price dropped below $20,000 as investors worried about the possibility of higher interest rates.
- Why Coinbase Global Stock Couldn't Maintain Its Pop Today - Coinbase, a popular cryptocurrency exchange, had a disappointing stock debut today.
- 1 Cryptocurrency to Buy and Hold Forever - Bitcoin is a good cryptocurrency to buy and hold for the long term.
- Daily Dozen | Forbes: U.S. Dollar Peaks; Bitcoin Blow; Jetsons Dream Delay - The Daily Dozen is a list of 12 recommended articles from Forbes.
- Applied Blockchain Broadens Digital Ambitions - Applied Blockchain is a company that is working on blockchain applications.
- Dow Falls 200 Points—Market Selloff Continues As Investors Worry About Higher Interest Rates - The Dow fell 200 points as investors worried about the possibility of higher interest rates.
- Web3 Growth Stymied By Scarcity Of Programmers - Web3 is a new type of internet that is decentralized and powered by blockchain technology.
- NASA’s Headed Back To The Moon And Here Are Innovators That Will Help Get There - NASA is planning to go back to the moon, and there are companies that are helping to make that happen.
- Ethereum: Merge, Sell-Off, Or Rally? Time To Place Your Bets - Ethereum is a cryptocurrency with a lot of potential.
- The End of the Texas Bitcoin Mining Gold Rush - The Texas Bitcoin mining gold rush is over.
- First Mover Americas: Bitcoin Bounces to $20K as Dollar Recedes From 20-Year High; Equity Futures Slide - Bitcoin's price bounced back to $20,000 as the US dollar fell from a 20-year high.
- The Truth About Crypto and Sex Work - Cryptocurrency can be used to buy and sell sex services.
- First Mover Asia: Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair's Comments - Bitcoin's price fell to $19,600 as investors continued to weigh the comments of the Federal Reserve Chair.
- Brazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool - Brazil's largest private bank has been selected by the country's central bank to develop a decentralized finance liquidity pool.
- Crypto Coin AVAX Drops 11% After Self-Described Whistleblower Says Avalanche Weaponized Litigation Against Rivals - The cryptocurrency AVAX dropped 11% after a self-described whistleblower said that the company had weaponized litigation against rivals.
- The Metaverse Casino That Wasn’t - The Metaverse casino was a virtual reality casino that never opened.
- In Defense of Crime - There are some positive aspects to crime.
- Surfing Bitcoin Maximalism - Bitcoin maximalism is the belief that Bitcoin is the only true cryptocurrency.
Cryptocurrency ethereum plans to cut carbon emissions by 99% with upgrade
‘The merge’ project will end role of ‘miners’ in blockchain ecosystem to help reduce electricity usageEthereum, the second largest cryptocurrency, will complete a plan to lower its carbon emissions by more than 99% in the next month, the foundation that contr…
Crypto crash: how a teacher’s dream investment turned into a nightmare loss
Small-scale investors left counting the cost this year after value of digital assets fell off a cliff“If I’d sold everything, I would’ve had a quarter of a million pounds,” Duncan* says ruefully of the staggering worth of his cryptocurrency holdings at the st…
Why Ethiopia has moved from banning crypto to regulating it
In June this year, Ethiopia’s central bank issued a statement saying that crypto business in the country is illegal. Less than three months later, the country seems to have reversed this decision, instead requiring cryptocurrency operators to register with th…
Daily Dozen | Forbes: U.S. Dollar Peaks; Bitcoin Blow; Jetsons Dream Delay
The Biden Administration is conducting a review into the damage caused by former President Donald Trump’s storage of classified documents at Mar-A-Lago; new details on student loan relief; how race intersects with the "quiet quitting" conversation; and more.