Bank of America predicts that the U.S. will enter recession in this year’s forecast. According to the bank’s economists, “A variety of factors have combined to slow down economic momentum more quickly than we previously anticipated.”
According to the bankruptcy filing, the platform made “certain poor assets deployment decisions” as it grew faster than expected.
South Park’s new episode focuses on crypto endorsements by Matt Damon and Gwyneth Paltrow as well as Reese Witherspoon and Larry David.
Verena Ross, Chair of European Securities and Markets Authority (ESMA), says the crypto market crash should serve as a “cautionary tale” for investors. She pointed out that it is “really questionable” whether many crypto assets will survive.
The UN considers crypto to be a threat to the monetary sovereignty in developing countries and recommends strict rules to curb their use.
StarkWare announced today the launch of StarkNet, a native token that will be used to scale its layer-2 scaling solution.
The Bank of England is urging regulation of cryptocurrency, and the central governor stated today that technology does not alter the underlying risks of finance and economics.
President of Kazakhstan Kassym Jomart Tokayev signed into law a bill to amend the country’s Tax Code in order to impose higher taxes on crypto miners. The amount of electricity used in extracting digital currencies such as bitcoin will determine the levy.
Recent research by the Treasury’s Office of Financial Research refutes the threat that CBDC poses for commercial banks. This publication is made amid intensifying political debate about a Fed-issued CBDC.
Stepn plans to spend more than $6 million Q2 profits to purchase back and burn GMT tokens.
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