While Bitcoin (BTC) has failed in countering this year’s rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. According to Lubka, Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. It is less
Month: August 2022
The market capitalization of Tether (USDT) tokens has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash. The Office of Foreign Asset Control essentially barred Americans from using Tornado Cash on Aug. 8, blacklisting 44 USD Coin (USDC) and Ether (ETH) addresses connected to the service to
Crypto exchange Huobi Global has announced the suspension of derivatives trading in New Zealand. The statement from Huobi said the new restrictions against derivatives offers are in light of compliance with local regulations. Users in New Zealand will no longer have access to derivatives trading services, which include coin-margined futures and swaps, Tether (USDT)-margined contracts,
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colombian Congress, Roy Barreras, mentioned the same idea during the inauguration of president Gustavo Petro earlier this month.
Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. stocks face stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,685 on Bitstamp, nearing lows from Aug. 12. After an eerily calm 24 hours,
Xbox One sold less than half of the PS4 throughout its lifetime, Microsoft has confirmed. Court documents from the ongoing Microsoft-CADE trial have revealed details on how well the Xbox One units sold. The company currently acquiring Activision Blizzard has refused to release console sales information since 2015, instead focusing on Xbox Live numbers. “Sony
Xiaomi Smart TV 5A Pro 32-inch was launched in India on Tuesday as the Chinese company’s latest entry in its affordable smart TV lineup. The new Xiaomi TV model comes with upgrades over the Xiaomi Smart TV 5A that was launched earlier in April. The smart TV runs on PatchWall 4 based on Android TV
Tesla chief Elon Musk has revealed some details about the company’s humanoid robot. Musk said in an essay that Tesla plans on launching the first prototype of a humanoid robot this year. The Tesla CEO also claimed in the essay that in a decade people will be gifting their parents a robot for their birthday.
In this article CMCSA Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. Hoffman is leaving of his own accord. NBCUniversal hired Cesar Conde to oversee NBC News, MSNBC and CNBC in May 2020 to bring more centralized leadership to the group.
Vivo Y22s alleged images and specifications have been leaked by a tipster. The smartphone is tipped to sport a display with waterdrop notch for the front camera, a large chin, and a dual camera setup on the back located in a square module. The smartphone has already been spotted on multiple certifications websites including US
Social media platforms have had some bad press in recent times, largely prompted by the vast extent of their data collection. Now Meta, the parent company of Facebook and Instagram, has upped the ante. Not content with following every move you make on its apps, Meta has reportedly devised a way to also know everything
Cybersecurity researchers have elaborated a novel attack technique that weaponizes programmable logic controllers (PLCs) to gain an initial foothold in engineering workstations and subsequently invade the operational technology (OT) networks. Dubbed “Evil PLC” attack by industrial security firm Claroty, the issue impacts engineering workstation software from Rockwell Automation, Schneider Electric, GE, B&R, Xinje, OVARRO, and
A recent spike in short-term Bitcoin (BTC) holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest “The Week On Chain” report from market analysis firm Glassnode on Monday points out that short-term holders (STHs) have expanded their holdings by 330,000
Brazilian brokerage giant XP Inc has officially launched its crypto trading platform XTAGE in Brazil, bringing a potential 3.6 million users to the crypto markets. The news was broke in a Monday post by the Nasdaq Exchange Twitter account, noting that XP had rung the exchange’s “Opening Bell” to celebrate the launch of the XTAGE
Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market. The crypto lender informed its users in a Tuesday announcement that they have applied to the Singapore High Court to be placed under judicial management. The firm said: “We are aiming
She-Hulk: Attorney at Law — premiering August 18 on Disney+ and Disney+ Hotstar — is more a modern comedy about the struggles of self-acceptance than a standard superhero flick. While most characters adore the idea of harbouring powers, legal attorney Jennifer Walters is quite the opposite. Put yourself in her situation: You get into a
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