Topic

Economics News

A collection of 554 issues

Texas calls $1 billion Voyager and Binance deal unprofitable for customers

Texas regulators have issued their opinion on a potential $1 billion deal between Voyager and Binance. They believe the benefit of the purchase would be cut in half if the court grants the Alameda loan claims. It would be better for Voyager's creditors if the company liquidates the

AI in crypto: how to earn, what projects are used and is it needed at all?

ChatGPT and Dalle-2 triggered an AI chain reaction, opening up a new trend for the traditional and cryptocurrency market. And while Microsoft is investing tens of billions in OpenAI and Google is testing Bard, crypto projects decided to ride the AI hype wave and put artificial intelligence on the blockchain.

Police bust illegal mining farm in school basement in U.S.

Police in Cohasset, Massachusetts are searching for 39-year-old Nadim Nahas. He is accused of secretly setting up a mining farm in the basement of a local school and stealing electricity. "The farm ran from April to December 2021. It was connected to the institution's power grid the

Circle plans to increase staff by 25% this year

Circle CFO Jeremy Fox-Guin has announced that the company intends to increase its staff by 25% this year as it looks to expand. By the end of 2022, Circle had a workforce of 900 employees. The company is ready to hire between 135 and 255 more people (15% to 25%

Ankr announces partnership with Microsoft

Ankr has announced a partnership with technology giant Microsoft. The parties will provide node hosting services for projects and companies that need access to blockchain data. According to a press release, the agreement will integrate Ankr's innovative blockchain technology with Microsoft's cloud solutions.

Cameron Winklevoss: "The next bullrun will start from Asia"

Cameron Winklevoss, co-founder of crypto exchange Gemini, believes that the next bullrun will start thanks to investors from Asia. And that in such a scenario, the US must embrace cryptocurrency or the country risks "falling behind the train". Such a prediction is not an unsubstantiated assertion. According to

The number of NFTs in the Bitcoin network has surpassed 100,000

According to Dune Analytics, the day before yesterday the Bitcoin network reached the 100,000 NFT mark. And today that number surpassed 127,000. Interestingly, on February 8, just weeks after the public launch of Ordinals, there were 12,000 NFTs.

Blur intends to raise valuation to $1bn

NFT marketplace Blur plans to close a funding round increasing its valuation to $1 billion and become a one-horse project, The Block reports. The BLUR token will also be listed on Bybit, Coinbase, OKX, KuCoin, Huobi, Gate and MEXC.

UAE to issue digital dirham

The Central Bank of the United Arab Emirates (CBUAE) will create its own digital currency. This is stated in a large policy paper by the regulator. The first phase of the programme includes the issuance of CBDC for cross-border and domestic use. According to the CBUAE, it will "address

Europe's most troubled economy named

Analysts of the European Commission (EC) have named Sweden the only country in the European Union whose economy will shrink in 2023, Bloomberg reports. The status of the most troubled economy in Europe Sweden has received because of the sharp decline in the housing market, which led to the bankruptcy