What will Powell say this week?

All eyes will be on Jackson Hole, Wyoming, on August 25, when Federal Reserve Chairman Jerome Powell is scheduled to speak about monetary policy at the Jackson Hole Economic Policy Symposium.

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'Don't sell XRP now'

A popular financial book author urges investors to hold on to XRP, saying that selling the cryptocurrency now is like selling Apple or Microsoft stock in their early days.

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Cryptocurrency: new frontier for young entrepreneurs?

In the past, many successful tech entrepreneurs were in their 20s, like Mark Zuckerberg and Elon Musk. But lately, there seem to be fewer young people making a big impact in the business world.

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US Treasury yields hit 16-year high

The yield on the U.S. 10-year Treasury bond hit its highest level in 16 years on Monday, raising concerns that interest rates could stay high for a while.

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Bitcoin investors dump $2.5 bil. in futures contracts

Bitcoin fell below $25,000 last week, its lowest since December 2022. The sell-off was accompanied by a massive liquidation of futures contracts, with over $2.5 billion in contracts being closed out.

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SBF denies fraud, money laundering

Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, has denied fraud and money laundering charges concerning the company's collapse last year.

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Bitcoin mining difficulty hits new high

The difficulty of mining Bitcoin has reached a new high, making it more difficult and less profitable to mine.

http://www.eblockmedia.com/news/articleView.html?idxno=1587

'SEC political in crypto crackdown'

The founder of the Cardano cryptocurrency says the U.S. Securities and Exchange Commission (SEC) is cracking down on crypto companies for political reasons, not because they are breaking the law.

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Oman to invest $1.1 billion in Bitcoin mining

The Sultanate of Oman is investing $1.1 billion in Bitcoin mining, which the government says will create jobs and diversify the economy.

http://www.eblockmedia.com/news/articleView.html?idxno=1596

'Possible major economic slump ahead'

In a recent analysis, Bloomberg's financial expert Mike McGlone predicted a situation resembling the severe economic downturn experienced during the Great Depression of 1929.

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Vietnam emerging as next Web3 outpost

Vietnam is becoming a leading destination for Web3 companies thanks to its growing population, low labor costs, and relatively lax regulatory environment.

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Why Gen Z is serious about investing

Gen Z is a generation that is different from its predecessors. They are more financially savvy and interested in investing than previous generations. Here is the summary of Fortune magazine's report on Gen Z.

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Jerome Powell's literary take on monetary policy

Federal Reserve Chairman Jerome Powell is known for his clear and concise communication style. But in a speech last week, he took a more literary approach, comparing monetary policy to navigating by the stars.

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Hal Finney, pioneer of Bitcoin and cryonics

Hal Finney, a computer scientist and cypherpunk widely considered one of the co-creators of Bitcoin, died on August 28, 2014, at the age of 58. He had amyotrophic lateral sclerosis (ALS), Lou Gehrig's disease.

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Worldcoin price drops 50% in August

Worldcoin, a new cryptocurrency that aims to provide a global digital identity service, has seen its price drop by more than 50 percent in August. The decline is being attributed to regulatory scrutiny from governments around the world.

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Argentina adopting Bitcoin faster than El Salvador

Argentina is adopting Bitcoin faster than El Salvador, even though El Salvador made Bitcoin a legal tender in 2021.

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Ripple's XRP could disrupt traditional banking

Ripple's XRP is a cryptocurrency that could disrupt traditional banking. It is designed to make cross-border payments faster and cheaper than traditional methods.

http://www.eblockmedia.com/news/articleView.html?idxno=1615

75% chance of spot Bitcoin ETF launch this year

Analysts at Bloomberg believe there is a 75 percent chance that a spot bitcoin ETF will launch in the United States this year.

http://www.eblockmedia.com/news/articleView.html?idxno=1616

Users can issue NFTs in MapleStory Universe

Nexon, a South Korean gaming giant, gives users more control over their gaming experience with its new blockchain game ecosystem, MapleStory Universe.

http://www.eblockmedia.com/news/articleView.html?idxno=1640

Will US dollar lose global dominance?

JPMorgan, a large investment bank, has released a report called "De-dollarization: Will the US Dollar Lose Its Dominance?" The report looks at the possibility that the US dollar could lose its status as the world's most important currency.

http://www.eblockmedia.com/news/articleView.html?idxno=1642