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Day: May 7, 2022

In Microsoft’s Activision deal, it’s not just stock prices but a future world at stake

KEY POINTS Berkshire Hathaway’s initial buy of Activision Blizzard shares came before Microsoft’s acquisition was announced. Warren Buffett has since upped the stake in the video game maker and told shareholders it is a bet the deal will close. Buffett might be the last billionaire in the world one would expect to opine on the …

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TURKEY INFLATION DATA SHOWS ANNUAL 70% CPI INCREASE, BITCOIN FIXES THIS

Data analyzed by the Turkish Statistical Institute shows hyperinflation reaching as high as 105% for transportation costs as the Lira continues to diminish. Turkey released data analyzed by the Turkish Statistical Institute showing 70% CPI annual inflation. Transportation costs suffered the highest annual increase with 105% inflation. The month-over-month data shows a CPI increase of …

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Swan Bitcoin Benefit Plan Helps Companies Reward Employees in Crypto

Early customers of the financial services company’s program are providing monthly bitcoin bonuses of between $50 and $100. Wilson Auto Group, Voltage, Compton Magic and Everbowl are trying to convince their employees to embrace bitcoin through payouts of the cryptocurrency that are part of a unique benefit program created by Swan Bitcoin. The four early adopters of …

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NFT market well-positioned to grow 35% into a $13.6B industry by 2027

For the next five years, trends tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks. Reflecting the growing interest in the non-fungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will …

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Tron Blockchain Launches USDD Decentralized Stablecoin by Tron DAO Reserve

Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralised stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve in cooperation with top blockchain institutions. Tron, known as TRX, is for decentralising the web. The official website describes Tron as “one of the largest blockchain-based operating …

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CENTRAL BANK OF ARGENTINA BANS BANKS FROM OFFERING BITCOIN, CRYPTO SERVICES

The ban comes just a few days after Argentina’s largest private bank announced it would start offering bitcoin to clients. The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin. The ban comes days after the largest private bank in Argentina announced it would begin offering such services …

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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore

KEY POINTS Chinese electric carmaker Nio said on Friday it is planning a secondary listing of its shares in Singapore. Nio is listed on the New York Stock Exchange and also carried out a secondary listing in Hong Kong in March. Singapore would be the third exchange that Nio’s shares are trading on. The move …

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3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining

The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped …

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