Author: Donald Munn
A couple of days ago, the U.S. Securities and Exchange Commission (SEC) issued an investor bulletin devoted specifically to social media and financial fraud. SEC draws attention to investments from fake news The SEC is the U.S. government agency that oversees the stock market and is supposed to be in charge of investor protection. That is why it has a say in financial scams. The lengthy bulletin says that scammers often use social media of all places to defraud investors, so much so that the SEC’s Office of Investor Education and Advocacy encourages everyone to be skeptical and never make…
Following the harsh words spoken by Fed number one Jerome Powell, both equity and cryptocurrency markets have taken a hit, and a 75 basis point rate hike is on the horizon. Fed’s words hit markets On the 25th, at Jackson Hole, the annual symposium at which the Fed dictates the way forward and which last year failed to forecast by underestimating the imminent arrival of lasting double-digit inflation and a recession on the horizon, Chairman Jerome Powell warned markets that the only important thing right now is to wipe out inflation even at the cost of worsening the economic situation.…
Mike Sievert, founder of T-Mobile, and Elon Musk are collaborating in Boca Chica on a global mobile satellite service without network coverage, but via Starlink. T-Mobile and SpaceX’s new collaboration on a super project This week in Boca Chica, Texas, the world’s richest man, founder of Tesla, and SpaceX with dreams of putting humans on Mars is working hand in hand with the founder of T-Mobile, the country’s leading German phone company. The collaboration between the two is aimed at creating a global network system capable of giving an excellent connection signal across the globe, even in the most inaccessible…
PRESS RELEASE. Revolut, the global financial super app with more than 20 million customers worldwide, has revamped its service for kids ages 6 to 17. “Revolut <18” is a youth account, linked to the parent/guardian’s Revolut account, that helps young people feel positive and empowered about money, giving them a useful financial edge in life. Revolut <18, renewed new service for underage users Formerly called “Revolut Junior,” Revolut <18 will now offer its young customers the chance to unleash their creativity by personalizing their payment card by adding a design, text, and even emoji, making it unique, just like them.…
According to Goldman Sachs, the recession in the UK, which is already beginning, will be long and plagued by high energy prices and inflation, at least until 2024, and then normalize the following year. UK and Germany as the countries most affected by the recession According to Goldman Sachs, the United Kingdom and Germany will be the countries to have the greatest impact in the initial phase of this recession. Having ascertained that the recession will be there and will not discount anyone, the question is how and when it will hit. The famous investment bank believes that the UK…
Powell’s words did not do the U.S. markets any good, and like a tsunami, all stock prices came down, including the cryptocurrency and real estate markets. U.S. stocks plummet, cryptocurrency and real estate follow On August 27, the Jackson Hole Symposium was held in America, a kind of banquet where major economists, entrepreneurs, banks, and investors gather to review the situation and where usually every year the Federal Reserve, in the voice of its Chairman (now Jerome Powell), explains the vision according to which the U.S. Central Bank will move until the end of the year. Thus, Powell spoke of…
“If more and more climate disasters, droughts and famines occur throughout the world, there will be repercussions on prices, on insurance premiums and on the financial sector,” said Christine Lagarde in an interview with Madame Figaro. “We need to take that into account.” According to Legarde, climate impacts inflation With these words, the President of the European Central Bank (ECB), which has been grappling in recent weeks with problems related to rising commodity prices and prices in general, wanted to emphasize how crucial it is to pursue the policy of ecological transition from an economic point of view as well.…
The Sandbox has partnered with the company Metaprints to jointly launch the Monkeying Around metaverse, a new blockchain-based game that will also feature the Bored Ape (BAYC) as protagonists. Going in order… What’s Metaprints all about? Helping to bring the Bored Ape into The Sandbox. Metaprints is a company involved in helping cryptocurrency projects enter the metaverse, thanks in part to the collaboration and investment of Animoca Brands, another well-known brand involved in blockchain gaming. As mentioned, the new game created by Metaprints will feature Bored Ape. For the time being, however, this is not an official collaboration with the…
Phil Spencer, head of the Xbox brand and CEO of Microsoft’s gaming department, has declared himself skeptical regarding the metaverse and especially against games based on the play-to-earn concept. Regarding the metaverse, Spencer explained that it is nothing new and that the technology has been around for more than 30 years. As a result, it could be said that Spencer does not see anything innovative, but at most, it is a comeback. Spencer thus explained his views on the topic to the microphones of Bloomberg: “My view on metaverse is that gamers have been in the metaverse for 30 years.…
Yesterday VeVe Digital Collectibles announced the launch of NFTs of the Amazing Spider-Man Marvel comic book covers. The NFTs of the Amazing Spider-Man comic book covers VeVe has been issuing NFTs of famous comic book covers for some time now, and today it is releasing new limited editions of covers in blind box format with five levels of rarity. In fact, this limited edition release features exclusive VeVe Rare and Ultra Rare covers by Salvador Larroca and Edgar Delgado. Venom in his first full appearance!@Marvel’s Amazing Spider-Man #300 features VeVe-Exclusive Rare & Ultra Rare covers by @SalvadorLarroca and @delgaduck! Super…