Year: 2022

Yuga Labs Launches Bored Ape and Mutant Ape Yacht Club Community Council – Blockchain Bitcoin News

The non-fungible token (NFT) and blockchain firm Yuga Labs has announced a community council will be representatives of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. Yuga Labs has chosen seven community members with “a proven track record” to represent the NFT club at large. Yuga Labs Names Seven …

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SWIFT Lays Out Blueprint for Central Bank Digital Currency Network After 8-Month Experiment

Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which involved France and Germany’s national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could be used …

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Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates – Bitcoin News

Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to the hedge fund’s future. Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio …

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Micron Plans to Build a $100 Billion Semiconductor Plant in New York

Micron announced on Tuesday it will invest up to $100 billion (nearly Rs. 8,14,500) to build semiconductors in New York state, capitalising on the US policies to boost domestic manufacturing of key goods. The chip giant, which is based in the western state of Idaho, said it plans to begin construction in 2024 on a …

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Samsung’s Latin American Unit Enters Decentraland Metaverse With ‘House of Sam’

Samsung’s Latin American unit has forayed into Decentraland, which is one of the largest Ethereum-based metaverses. The company has decided to utilise this digital presence to connect with a newer generation of consumers who are using the metaverse as an immersive experience tool that may replace the rather 2-D online shopping, as we know and …

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UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases – Economics Bitcoin News

The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for …

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Bitcoin, Ethereum, Majority Tokens Record Profits as Crypto Price Charts Turn Green

After a day of trading lowly, majority cryptocurrencies stepped into Tuesday, October 4 with gains. Bitcoin, with a price hike of 1.96 percent, opened trading at $19,554 (roughly Rs. 15.80 lakh) as per Gadgets 360’s crypto price tracker. Profits on a similar scale also hit Bitcoin on international exchanges. As per Binance and CoinMarketCap for …

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