Author: Donald Munn
Binance has launched BAB, the first Soulbound token on the BNB chain, as a decentralized solution to KYC (Know Your Customer) requirements for exchanges. Soulbound tokens can basically be defined as NFTs that are not transferable between wallets. The potential of the SoulBound token The BAB token will be shown in the wallets to indicate that the owner has passed the KYC on Binance The inability to trade these particular NFTs allows them to be used to identify the wallet holder on the blockchain. The data attached to the NFT can be used to identify actions recorded by the wallet,…
According to the US investment banks, JP Morgan and Goldman Sachs, Europe is close to a recession. Europe at risk of recession: the thinking of the two investment banks According to two major US investment banks, JP Morgan and Goldman Sachs, rising commodity prices, strong international instability and inflationary pressures could soon bring a new recession across the Eurozone. In a report on Wednesday, Goldman Sachs economists said: “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption of gas flows, a renewed period of sovereign stress or a U.S.…
Amazon, the e-commerce giant, hits its second-quarter 2022 results by managing to achieve revenues of $121.23 billion, up from the $119.09 billion expected. It thus registers a driving performance in the United States (North America above all) that largely makes up for the slowdown in revenue as far as the rest of the world is concerned, partly due to the increase in subscriptions and the strong dollar. Amazon’s quarterly report withstands recession The value of the dollar proves to be the real issue in this wave of quarterlies. Just as happened with Meta, Apple, Tesla, and now Amazon, the exchange…
The Federal Reserve (Fed) chose the most painless path by raising rates by 75 basis points last night, rather than 100 bp as assumed by some analysts. The choice was a difficult one. However, the decision made by the US central bank is mildly reflected in the market. Stock market reacts positively to Fed rate hike The Fed fights inflation with a further 75bp rate hike The move by Fed Chairman Jerome Powell had already been anticipated by the market, which did not react in an unhinged manner to the decision. It would have been different if a larger increase…
Visa vs Bitcoin’s Lightning Network: centralized payment network vs BTC’s dedicated second layer, how have transactions increased? Visa vs. Bitcoin’s Lightning Network Recently, it was announced that payments giant Visa increased the number of transactions by 16% over the previous year. Specifically, this is a total of 49.3 billion transactions in the second quarter of 2022. JUST IN: Visa processed a total of 49.3 billion transactions in Q2 2022, a 16% increase over the prior year. — Watcher.Guru (@WatcherGuru) July 27, 2022 “JUST IN: Visa processed a total of 49.3 billion transactions in Q2 2022, a 16% increase over the…
Twitter said it spent more than $33 million in the second quarter of 2022 on the proposed acquisition it received from Elon Musk. Musk’s acquisition is costing Twitter more than $30 million The acquisition of Elon Musk has so far cost Twitter $ 33 million This was revealed by Bloomberg citing data contained in the company’s latest quarterly report, which also reported that besides this expense, the deal generated no other financial movements. After the April offer, accepted by Twitter, a confrontation opened between Musk and the company he wanted to buy. Initially, in May, Musk had decided to suspend…
Last night saw the publication of some of the most important Q2-related quarterlies of this data wave, namely Google, Microsoft, and Visa. Google’s Q2 was not as rosy as Tesla’s Google’s quarterly report can’t keep up with Tesla’s Following Tesla’s Q2 data that had exceeded expectations, the quarterly reports of three very important companies for the S&P 500 and Nasdaq came out on the night of the 26th, namely Google, Microsoft, and Visa, which together account for 11% of the Standard & Poor’s. Google’s (GOOGL) data came in below expectations and caught the attention of analysts despite the fact that…
Thousands of stocks are listed on stock exchanges around the world, and the number is constantly changing. The global stock market has a turnover of $60 trillion, and of that, nearly 50% is accounted for by the US stock market. The podium of the world’s largest companies is quite predictable. Big tech, specifically Apple (AAPL) with nearly $400 billion, Saudi Arabia Oil with $346.5 billion and Microsoft (MSFT) with $184.9 billion. These huge companies, represent only a very small part of the entire global basket of stocks, which has more than 630,000 companies listed on stock exchanges around the world. …
According to the analysis in the paper, Audius transfers power, profits, control and governance from record labels and centralized platforms to artists and fans. A real redefinition of roles for the music industry! It is safe to say that Web 3.0. is democratizing the art world across the board. The report published by Bank of America: the innovation of Audius Upload, share and listen as you earn AUDIO token rewards Bank of America, in the report released Thursday, says the Audius platform can offer artists greater profits and more control over their creations. In fact, the decentralized platform, since its…
Just yesterday, the Italian Revenue Agency (Agenzia delle Entrate) suffered a cyber attack and hackers demanded a ransom of 5 million euros. Hackers give 5 days to the Italian Revenue Agency It seems that the Russian ransomware gang, LockBit, was involved in this breach and demanded the ransom with a 5-day ultimatum. The very same criminal organization shared the news on the Dark Web, claiming to have come into possession of 78 gigabytes of sensitive data. If the ultimatum is not met, all stolen documents and information will be made public. LockBit’s threat appears to be following a specific strategy…