Tag Archives: Economy

[PRESS RELEASE – Cayman Islands, Cayman Islands, February 27th, 2024] Solutions for Bitcoin Scaling: The paper presents a range of technological solutions aimed at scaling the Bitcoin ecosystem without altering its foundational base layer Beyond Layer 2: Highlighting the limitations of existing Bitcoin layer 2 solutions, the paper argues for …

November strengthened venture capitalists’ confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed capital for early-stage firms.  Cross-chain protocol Wormhole, for instance, secured a $225-million investment at a valuation of $2.5 billion. The round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, …

[PRESS RELEASE – Hong Kong, Hong Kong, November 15th, 2023] Sleek, a Web3 social network, today announces they have successfully raised US$5 million in a seed round, enabling them to power the ownership economy and bring blockchain-powered social media to the masses. Officially launched in April 2023, the company aims …

Moody’s Investors Service recently made a pivotal move, lowering its ratings outlook on the United States government from stable to negative. This shift is rooted in the increasing risks to the nation’s fiscal strength, attributed to factors such as escalating interest rates and a lack of effective fiscal policy measures. …

The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates. The message embedded in the job …

Last week, PayPal, alongside their infrastructure partner Paxos, announced an integration of their PYUSD stablecoin product with Venmo, one of the largest mobile financial applications on the market. With over 78 million users, Venmo is currently one of the largest platforms for purchasing, selling, and transacting bitcoin. As the extended …

Guyana was the world’s fastest growing economy for 2022 and is expected to retain the title until 2025 as oil production increases. According to a recent GDP forecast from the International Monetary Fund, Guyana is expected to grow at impressive rates over the next few years. Currently the world’s fastest-growing …

Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial institutions such as the World Bank and International Monetary Fund have …

In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin.  The senator highlighted the …

Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while …

This is an opinion editorial by Joël Kai Lenz, a professional content writer focused on Bitcoin and the Lightning Network, and host of the “Rabbit Hole Stories” podcast. In my previous life, as a professional in the legacy digital media world, I used to sit below a giant neon light. …

Taylor Swift, Beyoncé, And Barbie’s Impact On The US Economy From Beyoncé’s Renaissance tour to the Barbie movie to Taylor Swift’s Eras Tour, women are practically ruling the summer, and now, the US economy is thanking them. The three women-led productions alone have led to a billion-dollar spending spree across …