Search Results for: inflation

Lynx Emerges from Stealth to Redefine Sweat Equity, Connects Venture-Backed Startups with Elite Service Providers

Lynx has created the SWEAT Note, an industry-first, transparent agreement enabling service providers to provide services in exchange for equity SWEAT Notes align the interests of startups, service providers and investors by incentivizing stakeholders to focus on the long-term value of an early-stage company as it strives toward exit Advisory

November 16, 2022 6 mins read

Ark Invests Cathie Wood Lauds Crypto Market Rally Amid Banks Chaos

Ark’s Cathie Wood Raises Concerns Over Hiking Interest Rates

Cathie Wood, founder, and chief investment officer of investment management company Ark Invest, tweeted on Saturday her concerns that the Federal Reserve might cause inflation and a worldwide economic catastrophe similar to that of 1929. During the Great Depression, she said, the Federal Reserve boosted interest rates “to squelch financial

November 14, 2022 2 mins read

Elon and Jack’s Take on the Current Crypto Scenario

U.S Consumer Price Index (CPI) Falls to 7.7% in October

Inflationary pressures and forecasts of extended macroeconomic uncertainty have characterized the previous several months. Most central banks across the globe have announced interest rate increases in response to growing inflation data. In reality, consumers have paid a heavy price for governments’ hawkish posture. Recently, however, it seems like things are

November 10, 2022 1 min read

Octopus Network Announces Mass Layoff Amid Sluggish Market

Are the Tech Giants Under the Seasonal Layoff?

The tech sector’s most recent tussle is the massive layoffs in every other company. An increase in the inflation rate has pushed the firms to the corner of reducing the workforce count. The Kobeissi Letter, the leading commentator on the global capital market produced a summarization of the layoff percentages

November 9, 2022 1 min read

Gemini Announces Expansion to 5 More European Union Nations

Despite the sustained decline in cryptocurrency prices, crypto exchange Gemini stated today that it has expanded its services to five additional European countries, increasing its total number of European countries where it operates to 12. Over a hundred cryptocurrencies, including dozens of DeFi tokens, are accessible to traders in Croatia,

November 8, 2022 1 min read

Will the History of Bitcoin Halving Happen Again?

Bitcoin Worth $3.15B Transferred to Exchanges in Last 24 Hours

Volatility has returned to the crypto markets. Coinglass reports that in the last 24 hours, $3.15 billion worth of Bitcoin (BTC) has been sent to exchanges, that is 152,000 Bitcoins. Now, it’s typically not a positive indicator when cryptocurrency is transferred from wallets to exchanges. This opens the door for

November 7, 2022 1 min read

Meta Announces Yet Another Round of Layoffs Affecting 10,000 Personnel

Following Twitter, Meta Plans Massive Layoffs for This Week

Meta Platforms, Inc. (META), the parent company of Facebook, is planning for “massive layoffs”. According to a recent report from The Wall Street Journal, Meta is expected to begin large-scale layoffs this week due to increased costs and a recent decline in its stock price. The action from the platform

November 7, 2022 2 mins read

Cristiano Ronaldo Teams Up With Binance to Launch NFT Collection

Crypto Exchange Kraken Launches NFT Marketplace

Kraken will initially host over 70 NFT collections based on Ethereum and Solana. NFT marketplace behemoth Opensea is a formidable opponent for Kraken. While demand for digital collectibles continues to fall. Kraken, the sixth-biggest cryptocurrency exchange in the world, is releasing its new NFT marketplace today. With the assurance of

November 3, 2022 2 mins read

Kinesis Money Launches Virtual Crypto Card

London, United Kingdom, 1st November, 2022, Chainwire Kinesis Money, the digital asset utility platform, launched the Kinesis Virtual Card, enabling the global community to spend their crypto holdings in real-time, with instant fiat conversion, anywhere in the world. Powered by BAANX, the Kinesis Virtual Card introduces cryptocurrency as

November 1, 2022 3 mins read

Bitcoin Breakouts the Slope and Sets Best Week in Three Months

Bitcoin price increased by around 7% in the last 7 days. Ethereum climbed by over 21% with a market cap of 193 $billion. The king of cryptocurrency Bitcoin (BTC), surged beyond $20,000 and fueled the bullish in the crypto market. Following that, the global cryptocurrency market is in a gradual

October 29, 2022 2 mins read