Business

Elon Musk welcomes global recession: ‘it’s been raining money on fools for too long’ | Andrew Lawrence

With the invasion of Ukraine and lockdowns in China putting added pressure on a supply chain that has yet to recover from the ongoing pandemic, many are predicting a global recession. Elon Musk says bring it on. “This is actually a good thing,” Musk said in response to a question from a Twitter user. “It …

Elon Musk welcomes global recession: ‘it’s been raining money on fools for too long’ | Andrew Lawrence Read More »

FTX Spending Billions For Acquisitions, Says CEO Sam Bankman-Fried

FTX Spending Billions For Crypto Acquisitions

Largest crypto exchange FTX’s CEO Sam Bankman-Fried on Saturday said the company plans to expand through acquisitions to increase product offerings. FTX proposes to use proceeds worth billions from recent fundraising rounds to buy shares in other companies. The crypto giant is expanding massively in crypto as well as traditional financial markets amid uncertainty in …

FTX Spending Billions For Crypto Acquisitions Read More »

Biden administration flies in goat's milk and grass-fed cow's milk formula from Australia

Biden administration flies in goat’s milk and grass-fed cow’s milk formula from Australia

Placeholder while article actions load Australian goat’s milk is coming. In an all-hands-on-deck multiagency push, infant formula is being corralled from all parts of the globe as part of Operation Fly Formula. On Friday afternoon, the Food and Drug Administration announced Australian company Bubs will send 27.5 million eight-ounce bottles of a variety of infant …

Biden administration flies in goat’s milk and grass-fed cow’s milk formula from Australia Read More »

Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months

Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months

The Bitcoin network witness a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens. While the Bitcoin community rejoiced the added resilience to the network owing to the rising difficulty in mining a Bitcoin block, the …

Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months Read More »

Meta updates its privacy policy and tweaks Facebook Audience Controls

Meta updates its privacy policy and tweaks Facebook Audience Controls

As it occasionally does, the company formerly known as Facebook has produced a new revision of its Terms of Service and updated its privacy policy. The old Facebook Data Policy is now Meta’s Privacy Policy, rewritten “to make it easier to understand and to reflect the latest products we offer.” With this revision, Meta “is …

Meta updates its privacy policy and tweaks Facebook Audience Controls Read More »

Bitcoin price stuck below $29K as Terra LUNA comes back from the dead

Bitcoin price stuck below $29K as Terra LUNA comes back from the dead

Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “Not the decoupling we wanted” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support …

Bitcoin price stuck below $29K as Terra LUNA comes back from the dead Read More »

Fed carrying $330B in unrealized losses on its assets according to Q1 financial statement

Fed carrying $330B in unrealized losses on its assets according to Q1 financial statement

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, US, January 26, 2022. REUTERS/Joshua Roberts. Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 27 (Reuters) – The US Federal Reserve is …

Fed carrying $330B in unrealized losses on its assets according to Q1 financial statement Read More »

Senators Introduce Bill to Limit Use of China's Digital Currency in US

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News

Several US lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the …

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News Read More »

Nansen Report shows that UST lost its peg due to the work of multiple large entities

Nansen Report shows that UST lost its peg due to the work of multiple large entities

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! TerraUSD (UST) losing its $1 peg and falling to $0.03 and the crash of Terra (LUNA) to $0.0001372 were two events that shook the crypto community. UST (now rebranded as USTC or TerraClassic USD) is an algorithmic stablecoin backed by the …

Nansen Report shows that UST lost its peg due to the work of multiple large entities Read More »