Consumers and companies are likely to reduce their borrowing and spending. The central bank had predicted an interest rate increase of 100 basis points. Second time in a row, the Federal Reserve hiked its benchmark interest rate by whopping three-quarters of a percentage point to combat excessive inflation. In a
The attack had affected 65,000 wallets across 14 distinct assets. A 100 percent refund was proposed with 4.97 billion new $ONE tokens. As a way to make amends for the $100 million Horizon Bridge attack, the Harmony blockchain project’s leadership has suggested minting up to 4.97 billion ONE native tokens.
According to the IMF, the economy dropped from 6.1% last year to 3.2 %in 2022. The crypto market dropped below $1trillion from its all-time high of $3 trillion. Since the beginning of the year, the global economy has been in a gloomy and depressing state, and multiple incidents this year
Blockchain.com is reducing about 150 employees, due to financial losses. The exchange recently lost $270 million from Three Arrows Capital. As per reports, Luxembourg-based cryptocurrency exchange Blockchain.com is disbanding 25% of its employees, amid financial losses and the collapse of the global crypto market. The latest workforce reduction will affect
Singapore is also affected due to the growing inflation. New regulatory reforms revised for both BTC and other digital assets. Singapore to become a major hub for BTC and crypto. The Central Bank of Singapore along with the Monetary Authority of Singapore (MAS) together has planned to come up with
The current pump in the market has persuaded the value of crypto-based stocks. Coinbase climbed 9% in a day, according to Nasdaq. Other crypto-based companies also see a rise in their stock values. Considering the condition of the current market, it seems to be a relief for crypto users as
ComTech introduces a Gold token, which allows users to access the gold electronically. The current value of 1 $CGO token price is $54.97, as per CMC. Recently, the co-founder of XinFin XDC Network, Ritesh Kakkad tweeted that ComTech Gold is “redefining the tokenization infrastructure” by digitizing Gold using the
Only Otherdeed and “Selected Third-Party Developers” will be able to participate. Yuga Labs, believe interoperability is essential to the ethos of future internet. Bored Ape Yacht Club’s founders. Yuga Labs have released Otherside, a much-anticipated metaverse game platform. 4300 players, dubbed “Voyagers,” were invited to a tech demo and tour
An additional element came into play in India: a 1% TDS from July 1st, 2022. Prices of cryptocurrencies like Bitcoin and Ethereum have continued to plummet. Inflation, rate hikes, and increasing fuel prices have all affected the volume of crypto exchange activity. From July 1, 2022, onwards, an additional element
76% of financial firms expected to use cryptocurrencies in the next three years. As per the financial organizations, crypto is an effective fence against inflation. The leading crypto solutions provider, Ripple has a recent forecast on crypto adoption among financial organizations. According to Ripple, in the next three years, about
