Author: Donald Munn

Peter Schiff, noted economist, investor, and anchorman, points out in a controversial tweet how since the first lockdown the sector’s propensity to engage has been so low, so much so that it has recorded the largest absolute figure since this element has been recorded. Private sector records new lows Since the time of the first lockdown in 2020, never have people been so reluctant to undertake, this was written in a tweet by the histrionic Peter Schiff, who explains this figure further in his recent article. Private Sector Business Activity at Lowest Level Since COVID Lockdowns @schiffgold https://t.co/uXaqG6VhNl — Peter…

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Meta has made the launch of the new ID system official, with new accounts and profiles for the metaverse with Meta Horizon. The update will be rolled out globally in a phased manner.  Meta and the official launch of new accounts and profiles for the metaverse  Meta announced the official launch of new accounts and profiles for the Meta Horizon metaverse, to access the new facility dedicated to VR (Virtual Reality) experiences.  Here is the full explanation directly from Meta: Mark Zuckerberg’s company, renamed Meta last October, now wants to make its Meta Horizon metaverse independent by introducing new dedicated…

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Yesterday, the company that produces the world-famous chocolate candy, M&M’s, announced the launch of a limited edition dedicated to Bored Ape Yacht Club.  “Rider” – #KINGSHIPxMMS pic.twitter.com/dw0Igoo1Py — KINGSHIP (@therealkingship) August 24, 2022 These are three limited-edition M&M’s products, such as exclusive packets with all the classic six colors of the candies, plus some customized with the image print of Bored Ape Yacht Club’s KINGSHIP group members, namely Captain, KING, Arnell, and Hud.  The Bored Ape edition of the famous M&M’s candies Three hours after the announcement, the company warned that one of the exclusive packages was already sold out. …

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MakerDAO has officially connected its native stablecoin, DAI, to mainstream finance through a partnership with Huntingdon Valley Bank (HVB), a community bank in Philadelphia. The partnership between MakerDAO and HVB Last March, Huntingdon Valley Bank in Philadelphia announced the creation of a collateral product with MakeDAO, one of the largest DeFi projects in the cryptocurrency world, founded in 2015 by Rune Christensen and controlled by the token holding company called Maker. Huntingdon Valley Bank, a Pennsylvania Chartered Bank founded in 1871, has submitted a Collateral Onboarding Application to MakerDAO. If approved by Governance, it will be the first collateral integration…

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Bitcoin Analysis  Bitcoin’s price led the macro crypto market lower during Wednesday’s daily session and when traders settled-up at session close, BTC was -$150.3.   We’re starting Thursday’s price analyses with the king of the industry and the BTC/USD 1W chart below from gran1t. BTC’s price is trading between the 0 fibonacci level [$17,792.0] and 0.618 [$26,770.9], at the time of writing. Bullish traders were rejected numerous times this month at the $25k level and they’ll need to close above that level on the weekly time frame and then above the 0.618 to signal that bullish traders are still pressing higher.…

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The story of the first major failure in the cryptocurrency world, Japanese exchange Mt. Gox. Mt. Gox, from birth to failure Mt. Gox was the world’s leading cryptocurrency exchange for four years from its founding in 2010 to 2014. It was initially founded in 2007 by a programmer, Jed McCaleb, as a card exchange for a popular game “Magic.” The name was precisely derived from the acronym “Magic: The Gathering Online Exchange.” In 2010 it was transformed into a cryptocurrency exchange, which from the beginning was a huge success with users around the world. By 2013 it held about 70%…

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Bitcoin’s creator, the anonymous Satoshi Nakamoto, is estimated to have about 1.1 million Bitcoins. But is this estimate safe?  No, it is not a safe estimate at all.  The problem is that the public addresses belonging to Satoshi are not known for sure, so there is no certainty about how many Bitcoins he or she owns.  In fact, it is believed they are so many that it is extremely difficult to track them all. What’s more, Satoshi has practically never used the mined BTCs, so there is also no way to reconstruct the situation by tracking their transactions since there…

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Why has Bitcoin adoption failed in El Salvador? Almost a year after BTC was made official as a legal currency, the country seems to have not improved its economic-financial situation. El Salvador is almost a year into Bitcoin adoption.  It was a gamble by President Nayib Bukele to make Bitcoin legal tender in El Salvador on September 7, 2021, but almost a year after its adoption, the country’s economic-financial situation does not seem to have improved.  In fact, according to reports, Bitcoin has not transformed El Salvador’s economic reality and this is partly because of the long “crypto winter” that…

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Singapore, the city-state south of Malaysia, attracts capital from around the world and, unlike El Salvador, has a very different balance of state and international reputation. It has long been adopting a detailed regulatory framework to prepare it for the widespread use of Bitcoin among the population, and this suggests that it will follow in El Salvador’s footsteps. Bitcoin legal tender in Singapore? Singapore may be ready to make Bitcoin legal tender One of the world’s most attractive financial hubs appears to be gearing up to prepare for common and widespread use of the quintessential cryptocurrency. The state of Singapore…

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The well-known app Revolut has added Elrond’s EGLD to its available cryptocurrencies.  #Elrond on Revolut #ElrondCommunity #ElrondNetwork #EGLDCommunity #Elrond pic.twitter.com/110lUUd6yf — zeusip (@zeusip2021) August 26, 2022 After the launch of its mainnet in July 2020, the Elrond network has over time become the second largest PoS blockchain in the world, after Ethereum, in terms of the number of validators (3,200). It also calls itself the first carbon-negative European blockchain, as the project was developed mainly in Romania and offsets more CO2 than it produces.  Revolut, on the other hand, is a mobile banking company valued at $33 billion, with more…

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