Month: May 2022

Game Over: Ethereum GameFi Activity Collapses By 96%

GameFi has been a particularly interesting landscape over the past year, and while the cryptocurrency market at large has been middling – in the midst of heated debates around whether we’re in a full fledged bear market (and if so, how long it will persist) – many other subsets within the crypto market have taken hits. NFTs, DeFi, and GameFi

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Earnings Results: Salesforce stock rallies following raised outlook, with stronger dollar seen as only major headwind

Salesforce Inc. shares rallied in the extended session Tuesday after the cloud-based customer-relationship-management company said business remained strong amid the current rocky economic landscape and hiked its earnings forecast for the year. Prior to the report, some analysts were concerned that reports of a slowdown in capital spending would be reflected in Salesforce’s CRM, -2.94% results and outlook, but the only headwind

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Varun Paul Becomes New Director of CBDC at Fireblocks

Fireblocks, a digital asset and crypto  technology provider  , announced on Tuesday that it had appointed Varun Paul as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director. According to the press release, he is a former Head of Fintech at the Bank of England (BoE) and will report to Adam Livne, the Vice President and Head of

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: 5 large companies that will emerge from the tech wreck as even more fearsome

The Nasdaq Composite Index’s rebound after seven weeks of losses restored some faith in technology stocks. After all, more than half of Nasdaq-member companies were until recently down 50% or more from the late-2021 highs. Pundits and analysts have pointed to the Federal Reserve’s previous ultra-dovish policy, global pandemic, broken supply chains and wild speculation as having inflated corporate valuations

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Market Extra: Fed’s quantitative tightening is about to arrive: What that might mean for markets

The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation. While the precise impact of “quantitative tightening” in financial markets is still up for debate, analysts at the Wells Fargo Investment Institute and Capital Economics agree that it’s likely

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How The Mirror Protocol Was Attacked And No One Turned Up To Rescue It

Once one of the most popular protocols on the Terra ecosystem, the Mirror Protocol might be seeing its final moments. Per a report from a pseudonym user, know as Fatman on Twitter, the platform has been under attack for the past day with losses amounting to millions of dollars. Related Reading | Terra (LUNA) Staff Under Scrutiny, South Korea Launches Full

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Deep Dive: These sectors of the stock market are expected to show the best earnings growth

Last week’s 7% increase for the S&P 500 might have provided comfort, especially when there were signs that inflation was starting to cool. But now, right on cue, it’s time for bearish warnings to resume. “As central bankers can drain liquidity faster than the economy can generate new production capacity, financial assets will continue to underperform physical assets like commodities,”

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Magic Store’s Users Can Now Borrow NFTs, SQR Tokens

Magic Store, a community-app store that allows users to access all their crypto apps in one login, recently integrated IQ Protocol into its ecosystem. IQ Protocol is the first risk-free, collateral-less decentralized finance (DeFi) protocol that features standard DeFi services such as  staking  , lending, and borrowing. With the integration, Magic Store explained, its users now borrow non-fungible tokens (NFTs)

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Coronavirus Update: Excitement in Shanghai as officials promise reopening after two-month lockdown, and cases continue to flatten in U.S. Northeast

There was excitement in Shanghai Tuesday after officials said they would take some major steps Wednesday toward reopening and ending the two-month COVID-19 lockdown in China’s largest city that has kept most residents confined to their homes. Full bus and subway service will be restored as will basic rail connections with the rest of China, Vice Mayor Zong Ming said

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Washington Watch: Biden’s meeting with Powell points to how it’s the Fed’s job to fight inflation: ‘It is good for the president politically’

President Joe Biden is meeting on Tuesday with Federal Reserve Chairman Jerome Powell, after writing in a Wall Street Journal op-ed that the U.S. central bank “has a primary responsibility to control inflation” and promising not to meddle. Analysts say Biden’s moves with the Fed look smart. “Allowing the Fed to conduct independent monetary policy” is “not only good for

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Is Binance’s AFCON Deal the Starting Pistol in Africa?

In January, Binance emerged as the exclusive cryptocurrency and blockchain sponsor of the Africa Cup of Nations (AFCON) 2021 tournaments, the biggest football contest in Africa. TotalEnergies AFCON 2021, which was broadcast live in more than 160 countries and attracted an audience of over 300 million people, was won by Senegal in February after several stages of matches played in

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The Conversation: Nasal COVID vaccines are being tested in 7 clinical trials — how would they work?

Imagine inhaling just a few drops of liquid or mist to get protected from COVID-19. That is the idea behind nasal COVID-19 vaccines, and they have been getting a lot of attention recently as a spray or liquid. These nasal vaccines would be based on the same technology as normal vaccines given by injection. But as Mayuresh Abhyankar, a University of Virginia researcher

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Financial Crime: Big talk and big money: Texas con duped dozens into believing they were investing in events like a Rihanna tour and the Mayweather-Pacquiao fight

The swindle always began with a flashy show of wealth and the mention of a well-known celebrity who was an investor. And it always ended with a victim losing their life savings. Along the way, Sean T. Johnson, 42, of Dallas, tailored his con based on the gender, age and lifestyle of his mark, prosecutors said. He would claim to

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