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Showing posts from July, 2022

House of Representatives narrowly passes assault-style weapons ban

http://img.youtube.com/vi/YpLe775TWic/0.jpg https://www.youtube.com/watch?v=YpLe775TWic CNBC's Tyler Mathisen reports on 'The News with Shepard Smith' that the House of Representatives has just passed a ban on assault-style weapons. Origina post from https://krakow3d.com/videos/house-of-representatives-narrowly-passes-assault-style-weapons-ban.html

Renowned Investor Jim Rogers Warns ‘the Worst’ Bear Market in His Lifetime Is Incoming

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https://krakow3d.com/wp-content/uploads/2022/07/renowned-investor-jim-rogers-warns-the-worst-bear-market-in-his-lifetime-is-incoming.jpg Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” in his lifetime. Noting that many stocks will go down 90%, he stressed that investors will lose a lot of money. Jim Rogers Says ‘the Worst’ Bear Market in His Lifetime Is Coming Next Famed investor Jim Rogers warned about an incoming bear market that will be “the worst” in his lifetime in an interview with Kitco News, published last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. Citing that we are somewhat in a bear market right now, he predicted that the worst has yet to come, warning: More bear markets are coming … The next one is going to be the worst in my lifetime. While explaining that in 2008, “we ha

Apecoin DAO Approves Funding a Bored Ape-Centric News Publication

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https://krakow3d.com/wp-content/uploads/2022/07/apecoin-dao-approves-funding-a-bored-ape-centric-news-publication.jpg Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator promises to “keep the community better informed” with plans to “ramp up” Bored Ape news coverage. Apecoin DAO to Fund a Bored Ape-Focused News Site for 12 Months Members of the Apecoin DAO have hired their own news publication for the next 12 months according to the governance proposal AIP-70 . According to the proposal, the operator of the news site The Bored Ape Gazette says the publication has “grown exponentially over the past year.” The publication’s operator insists that he is “committed to building a trusted source of information for this community and I would like to expand the

Hong Kong University of Science and Technology to Build Metaverse Campus

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https://krakow3d.com/wp-content/uploads/2022/07/hong-kong-university-of-science-and-technology-to-build-metaverse-campus.jpg The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will allow students from other latitudes to attend classes like they were in the same space. The virtual classroom will host the launch of the new Guangzhou campus. The Hong Kong University of Science and Technology Bets on the Metaverse Institutions are finding more functions and applications for metaverse spaces, and they are slowly integrating these technologies into their everyday processes. The Hong Kong university announced its plan to create a joint metaverse that will integrate both of its campus locations as if they were one. Called Metahkust, the application will allow students of the institution in different latit

We think we're in an inventory-led recession, says Cathie Wood

http://img.youtube.com/vi/_WbFFOFbWec/0.jpg https://www.youtube.com/watch?v=_WbFFOFbWec ARK Invest's Cathie Wood joins the 'CNBC Special: The Tech Trade' to discuss where she's looking for opportunity in tech stocks right now. Origina post from https://krakow3d.com/videos/we-think-were-in-an-inventory-led-recession-says-cathie-wood.html

US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps

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https://krakow3d.com/wp-content/uploads/2022/07/us-lawmaker-demands-answers-from-apple-and-google-on-measures-against-fake-crypto-apps.jpg A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.” U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Apple CEO Tim Cook and the CEO of Alphabet and Google, Sundar Pichai, regarding their measures against fake cryptocurrency apps on their platforms. He stressed that it is “imperative that app stores have the proper safeguards in place to prevent against fraudulent

Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims

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https://krakow3d.com/wp-content/uploads/2022/07/fed-board-fdic-order-voyager-digital-to-retract-federal-deposit-insurance-claims.jpg Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims. The FDIC’s letter explains that Voyager’s FDIC claims are false and misleading, and the entity prohibits anyone from “representing or implying that an uninsured deposit is insured.” FDIC Insists Voyager Digital Published Misleading and False Federal Deposit Claims On July 28, 2022, the Federal Reserve Board and FDIC issued a letter to the publicly-listed company Voyager Digital Ltd. (TSE: VOYG ). The letter claims the bankrupt Voyager misled investors with claims concerning FDIC deposit insurance and the company is accused of violating the Federal Deposit Insurance Act. “The FDIC and

IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation

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https://krakow3d.com/wp-content/uploads/2022/07/imf-predicts-latam-to-grow-3-this-year-despite-facing-economic-deceleration-and-rising-inflation.jpg The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the macroeconomic conditions, rising inflation, and increasing social tensions amidst energy and food insecurity. IMF Predicts Latam Will Keep Growing The International Monetary Fund has issued a series of predictions on the growth and the possible difficulties that Latam will be facing in the second half of 2022. After examining all of the variables, the institution predicts that the region will grow by 3% in 2022, fueled by the economic recovery and the reopening of many industries that were hit

Climate change bill would negate tariffs negatively impacting solar companies, says Sunnova CEO

http://img.youtube.com/vi/SXEwcGz10Hw/0.jpg https://www.youtube.com/watch?v=SXEwcGz10Hw John Berger, Sunnova CEO, joins 'Closing Bell' to discuss the deal reached between senators Manchin and Schumer for more climate change funding, how that funding will impact national security and how this funding will impact Sunnova's business. Origina post from https://krakow3d.com/videos/climate-change-bill-would-negate-tariffs-negatively-impacting-solar-companies-says-sunnova-ceo.html

Celsius Clients Beg Bankruptcy Court to Release Crypto, One Customer Needs Funds to ‘Put Food on the Table’

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https://krakow3d.com/wp-content/uploads/2022/07/celsius-clients-beg-bankruptcy-court-to-release-crypto-one-customer-needs-funds-to-put-food-on-the-table.jpg After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third party.” Furthermore, Celsius customers have written to the court begging to get their crypto assets back as one client said he had less than $1K in the bank and his situation was a dire emergency in order to “keep a roof over my family and food on their table.” Celsius Customers Informed About an Email Breach, Retail Investors Say They Were ‘Severely Impacted’ by Crypto Lender’s Fallout It seems Celsius has been contacting customers by email, and explaining that a list of client emails were reportedly transferred to a third-party. The email says it was after an

Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate

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https://krakow3d.com/wp-content/uploads/2022/07/bitcoin-ethereum-technical-analysis-btc-surges-by-2000-climbing-above-23000-as-fed-hikes-bank-rate.jpg Crypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. The Fed opted to raise rates by 75 basis points (bps) for a second consecutive meeting. Bitcoin briefly rose above the $23K mark earlier in the day, with ethereum rallying to a fresh six-week high over the $1,600 mark. Bitcoin Bitcoin (BTC) was trading higher on Thursday, as prices rose following the latest interest rate hike from the Federal Reserve. The move by the bank to boost the federal funds rate by 0.75% pushed bitcoin to an intraday high of $23,358.34 earlier in today’s session. As of writing, this is the highest level BTC /USD has hit since last Friday, June 22, when prices were held close to a resistance level of $24,000. BTC /USD – Daily Chart Looking at the chart, earlier gains have somewhat eased, wit

Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume

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https://krakow3d.com/wp-content/uploads/2022/07/ethereum-classic-climbs-124-in-2-weeks-hashrate-spikes-krw-captures-20-of-etcs-trade-volume.jpg Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) consensus algorithm, and with The Merge coming up, speculators assume Ethash PoW miners will transition to ethereum classic mining. During the last two weeks, ethereum classic has climbed more than 124% against the U.S. dollar, and the network’s hashrate has spiked a great deal as well. Ethereum Classic Catches Triple-Digit Gains During the Last Two Weeks Ethereum classic (ETC) is six years old this month and it’s seen some significant gains during the last 14 days. In fact, ever since the penciled-in date for The Merge was

Gas prices are still a headwind for inflation, says NewEdge's Cameron Dawson

http://img.youtube.com/vi/xrjHe6ZxbfQ/0.jpg https://www.youtube.com/watch?v=xrjHe6ZxbfQ Cameron Dawson, NewEdge Wealth chief investment officer, joins 'Closing Bell: Overtime' to discuss the Fed decision and market outlook. Origina post from https://krakow3d.com/videos/gas-prices-are-still-a-headwind-for-inflation-says-newedges-cameron-dawson.html

Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’

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https://krakow3d.com/wp-content/uploads/2022/07/fed-hikes-benchmark-bank-rate-by-75-bps-elizabeth-warren-says-central-bank-could-trigger-a-devastating-recession.jpg On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for a Second Time in a Row to Tame Inflation, Central Bank Says ‘Inflation Remains Elevated’ With inflation scorching hot in America, the U.S. Federal Reserve has raised the federal funds rate once again, increasing it by 75 bps on Wednesday afternoon at 2:00 p.m. (ET). The increase was the second 75 bps increase in a row. “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low,” the Fed said on Wednesday in a press s

University of Tokyo to Offer Engineering Courses in the Metaverse

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https://krakow3d.com/wp-content/uploads/2022/07/university-of-tokyo-to-offer-engineering-courses-in-the-metaverse.jpg The University of Tokyo will offer a series of engineering courses using metaverse tech. The courses, which are projected to start being offered later this year, will introduce students to the subjects of engineering and will combine this knowledge with the skills to handle metaverse-based worlds, to manage the digital transformation that work and educational environments are undergoing. University of Tokyo to Introduce Metaverse-Based Courses Later This Year Educational institutions are starting to recognize the power of metaverse platforms as tools to leverage in educational and instructional processes. The University of Tokyo, one of the most prestigious higher education institutions in Japan, has recently announced a plan for imparting metaverse-based engineering courses. While these courses in the metaverse won’t confer degrees, they will be set up by the engin