Month: July 2022

Ethereum Merge Narrative “Not Priced in”: Vitalik Buterin

Key Takeaways Vitalik Buterin has said that Ethereum’s upcoming Proof-of-Stake update is “not priced in” from a narrative perspective in a Bankless interview. He added that the broader Ethereum ecosystem has seen notable developments in the race to scale the network. Though he didn’t comment on specific dates, he also said that the Merge “does actually need to happen on

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Short Video Company Coub Launches World’s First Collateralized NFTs

What’s the value of an NFT? It’s a question that’s kept crypto heads speculating and outsiders watching, askance, at the eye-watering sums occasionally fetched for “jpegs,” as their collectors jokingly refer to them. Of course, non-fungible tokens are much more than tradable digital images, given that they can represent everything from diamonds to royalties and event tickets to metaverse characters.

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ViaBTC Capital|Can Web 3.0 Social Media Platforms Copy the Success of Their Web 2.0 Predecessors?

I. The flaws of centralized social media platforms & the problems can be solved by their decentralized counterparts Today we use social media applications such as WeChat, Discord, Twitter, and Facebook to transcend spatial/temporal limits and communicate with others, thereby minimizing the time needed for communication or social interaction. However, such centralized social media platforms own important data such as

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Tax Guy: Should I try to sell my home or keep it and rent it out?

Here’s a scenario: Let’s say you’re moving out of your current home. Maybe to downsize, maybe to someplace with better weather, whatever. Given that real estate seems like a pretty good inflation hedge, you might be reluctant to sell your soon-to-be former abode. Plus, according to a recent estimate, rents just hit a record high, with the national median rent

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: ‘It’s natural for everyday investors to wonder when these interest-rate increases will stop’: The ‘terminal rate’ — the peak of this rate cycle — may still be far off

The economy is somewhere in the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed when economists, policy makers and investors talk about the “terminal rate” — and the focus on the end game is only going to continue as the rate hikes stack up. On

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The Margin: What does FX’s acclaimed ‘The Bear’ really teach us? Skip Chicago’s over-hyped deep dish for a beef and giardiniera

The edits on the streaming hit “The Bear” are sharper than the kitchen knives that cost the lead, Chef Carmy, some flesh and a shaky truce with his ambivalent line cooks. Roaming cutaways reveal that Carmy, played by Jeremy Allen White of the U.S. “Shameless,” is newly returned to Chicago from the famed kitchens of the French Laundry and Noma

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Lawsuits Mount Against Terra: FatManTerra Launches Class Action Lawsuit

Terra has been the target of a second class action lawsuit, and more legal action is likely to be brought against the struggling stablecoin company in the near future. A Slew Of Lawsuits Against Terra On Sunday, Bragar Eagel & Squire issued a press statement announcing their plans to bring a lawsuit against Terra. The law firm specializes in representing

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Earnings Results: Facebook revenue declines for first time, and Meta’s downfall is expected to get worse

The second quarter was as bad as Meta Platforms Inc. executives feared, and the third quarter is expected to be worse. Meta META, +6.55% reported its first-ever year-over-year decline in revenue on Wednesday, and profit declined for a third consecutive quarter, the first time that has happened since Facebook’s first year as a public company, in 2012. Shares declined more

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South Korea to Investigate Forex Transactions Linked to Crypto

South Korean watchdogs are reportedly opening inquiries into ‘abnormal’ forex transactions worth $3.1 billion linked to crypto investments suspected of money laundering. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. According to the Financial Times, the transactions took place in two of

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Market Extra: As Twitter rethinks its San Francisco footprint, a bigger $9 billion question hangs over the city’s office market

Twitter Inc. put its large San Francisco office footprint on review for downsizing on Wednesday, and has nixed the opening of an office in Oakland, Calif., a person with direct knowledge of the matter said. The move clouds the future of the social-media site’s stylish San Francisco headquarters, a 1.1 million-square-foot trophy office complex at 1355 Market Street, where Twitter

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Earnings Results: Etsy shares surge on second-quarter earnings beat

Etsy Inc. reported its second-quarter results after market close on Wednesday, posting better-than-expected earnings and gross merchandise sales in line with Wall Street’s forecast. Buoyed by the results, Etsy Inc.’s ETSY, +2.36% shares gained 10.3% in aftermarket trading, after ending regular trading up 2.4% to $95.50. The online-marketplace company reported second-quarter net income of $73.1 million, or 51 cents a

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Earnings Results: Qualcomm forecast falls short on weakening handset sales; Samsung agreement extended

Qualcomm Inc. shares fell in the extended session Wednesday after the chip maker lowered its forecast because of weakening handset sales, the company’s largest business segment, but focused on the long term with an extended deal with Samsung Electronics Co. “What we’re seeing on the market side is because of the macroeconomic conditions and the COVID measures in China,” Qualcomm

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Key Words: ‘It will be mostly a white-collar recession’: Milken economist William Lee on how the next economic downturn will be different

“It will be mostly a white-collar recession. And the blue-collar recession will not be in the same places that we saw in the past.” That was William Lee, chief economist at the Milken Institute, a Santa Barbara, Calif.-based think tank, in an interview with MarketWatch, speculating on the nature of America’s next recession. Amid rising expectations among economists of a

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Faced With The Scourge Of Hacks, NFT Trading Volume Slump To 12-Month Lows

There was a huge surge in interest in NFTs throughout the summer of 2021. After a year, the NFT market’s trading volume has plummeted. Due to the lowest trading volumes in a year and the growing epidemic of NFT hacks, interest in NFTs has decreased along with the overall cryptocurrency market. NFT Suffers Setback The non-fungible token market is finding

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Earnings Results: Shopify predicts steeper losses, but stock still rallies after earnings

A day after announcing it would conduct steep layoffs, Shopify Inc. announced a quarterly loss and issued more cautious commentary about the way inflation was impacting the business, though its shares rallied sharply following the latest report. Despite falling premarket after the results were released, Shopify shares SHOP, +11.70% were in the black for virtually all of Wednesday’s trading session,

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