Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test

Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test

The Commodity Futures Trading Commission (CFTC) is potentially hindering the growth of prediction markets by utilizing regulatory controls. While the value of betting markets is debatable, the fact that various academics, companies, and even DARPA have recognized the potential of crowdsourcing truth is noteworthy. However, the CFTC’s actions suggest an attempt to eliminate prediction markets … Read more

BigQuery, Google Cloud’s Data Warehouse, Integrates 11 Additional Blockchains

BigQuery, Google Cloud’s Data Warehouse, Integrates 11 Additional Blockchains

Google Cloud’s BigQuery service has expanded its data warehouse by adding 11 blockchain networks. The networks that have been included are Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, and Tron. This move aims to enhance Google Cloud’s blockchain data offering and provide more precise, accurate, and reliable … Read more

Inflation Hits 40-Year High in the US, Putting Strain on Household Budgets

Inflation

In June, inflation in the United States reached its highest point in 40 years, with an annual increase of 9.1%, as reported by the Bureau of Labor Statistics. This marks the most significant inflationary surge since November 1981. Several factors are contributing to this inflationary spike, including the situation in Ukraine, disruptions in the supply … Read more

US Economy Contracts for a Second Straight Quarter, Raising Fears of a Recession

US recession & Economic crisis

The US economic situation continued its decline for a second consecutive quarter, registering a 0.9% annual contraction from April to June. Concerns are growing that the nation might be on the brink of an economic downturn, characterized by two consecutive quarters of reduced economic activity. This downturn in Gross Domestic Product (GDP) was primarily influenced … Read more

Don’t Anticipate a ‘Sexy’ Crypto Bull Run Regardless of Bitcoin ETFs, Says Concordium Founder

Don’t Anticipate a ‘Sexy’ Crypto Bull Run Regardless of Bitcoin ETFs, Says Concordium Founder

The next crypto bull run will be different from the previous one, according to Lars Seier Christensen, the founder of enterprise blockchain Concordium. He believes that investors should not expect cryptocurrency prices to skyrocket imminently. Christensen doubts that the approval of proposed spot Bitcoin exchange-traded funds (ETFs) will have an immediate significant impact on the … Read more

Binance, U.S. Affiliate, Changpeng ‘CZ’ Zhao File to Dismiss SEC Lawsuit

Binance, U.S. Affiliate, Changpeng ‘CZ’ Zhao File to Dismiss SEC Lawsuit

According to the filing, Congress has evaluated numerous proposals since 2019 to establish a structured and practical framework for crypto assets and their trading platforms. Importantly, none of these proposals aimed to grant exclusive regulatory jurisdiction to the SEC over the cryptocurrency industry. Despite this, the SEC has filed a lawsuit seeking to extend its … Read more

Binance CEO Refutes Rumors of Receiving $250 Million Loan from Exchange

Binance CEO Refutes Rumors of Receiving 0 Million Loan from Exchange

Binance CEO Responds To Rumors That He Received A $250 Million Loan From The Exchange Binance CEO Changpeng “CZ” Zhao has denied claims that he received a $250 million loan from BAM Management. The claims were made in a report following a court filing related to a lawsuit between Binance and the US Securities and … Read more

What the Recent SEC Announcement Implies for the Cryptocurrency Sector

What the Recent SEC Announcement Implies for the Cryptocurrency Sector

What The SEC’s Latest Announcement Means For The Crypto Industry The US Securities and Exchange Commission (SEC) has announced plans to take action against more crypto companies that are breaking the law, indicating that the crypto industry may face further challenges. The SEC has already filed lawsuits against major crypto exchanges Binance and Coinbase, and … Read more

Ethereum Price Grinds Lower But Key Support Is Still Intact

Ethereum Price Grinds Lower But Key Support Is Still Intact

The price of Ethereum has experienced a downward correction after failing to break the $1,670 resistance level. It is currently trading below $1,640 and the 100-hourly Simple Moving Average. A key bearish trend line is forming with resistance near $1,640. To see another increase, Ethereum must stay above the $1,600 support zone. If it fails … Read more