While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Bu
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China’s recent Covid-19 outbreak. As equities floundered on Monday, the crypto economy slid under the $2 trillion mark and gold prices dropped 1.6% against the U.S. dollar during the past 24 hours. However, after Elon Musk revealed he acquired Twitter at 2:50 p.m. (ET), both equities and crypto markets rebounded a great deal following the announcement.
Meme Token Economy Jumps Close to 10% Higher After Dogecoin Spike Fuels the Pack
The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. Crypto meme coins like shiba inu, dogelon mars, and floki inu saw 2-13% gains over the last 24 hours. The entire meme token economy is worth $35.8 billion, up 9.4% today.
财富500强：94%受访高管有Web3及区块链项目计划
财富500强：一项对200位财富500强企业高管的调查揭示了区块链技术的发展趋势，以及它们在不久的将来会有多大的发展。
Andreessen Horowitz Launches A16z Crypto Research Lab
A16z, also known as Andreessen Horowitz, the venture capital (VC) company that has invested millions in crypto-related projects, has announced the launch of its own crypto research lab. This new initiative seeks to marry academic research with producing ideas and putting them into practice in startups and organizations in which the company is heavily invested.
Japanese Carmakers Toyota and Nissan Enter the Metaverse
Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings.
Coinbase CEO Says Apple's Crypto Policy Raises 'Potential Antitrust Issues'
The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, says Apple has not played nice with crypto, noting that the tech giant has banned a bunch of crypto features in its App Store. Apple’s anti-crypto policy raises “potential antitrust issues,” said the Coinbase executive.
Can Dogecoin Slide Further? Key Technical Levels To Keep An Eye On
Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action.
Blockchain networks overview: What makes these networks the best?
Since Ethereum emerged, several Blockchain Networks have appeared each one with different benefits and focuses. Lets compare them.
Brian Armstrong: Apple Does Not Allow Features That Makes Phones Crypto-friendly
Apple’s App Store policies, according to Brian Armstrong, CEO of Coinbase, have impeded the company’s product plan. He blamed Apple for prohibiting features from their app and overall being unfriendly to the crypto business.
Critics say algorithmic stablecoins are ‘disaster waiting to happen’
Algorithmic stablecoins looking to imitate the security of the dollar have recently been branded by critics as ticking time bombs.
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