AI-generated image of Pentagon explosion causes stock market stutter
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Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years
The International Monetary Fund (IMF) has published a stark prediction that the unprecedented global economic slowdown triggered by ‘the great lockdown’ will get much worse before it gets better.With Bitcoin (BTC) experiencing a record correlation with the traditional markets, the cryptocurrency needs to break away from the S&P 500 if it has any chance of…
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently. 207 Total views 17 Total shares The Bitcoin (BTC) bet has somewhat backfired for the small nation as the top cryptocurrency trade at a 70% discount from its top. At a…
Verizon’s newsroom to use blockchain in bid for absolute transparency
News requires an element of trust. Blockchain may be able to help. 1217 Total views 15 Total shares Verizon unveiled "a blockchain-based, open-source newsroom product designed to raise the bar for corporate accountability," today according to a public statement. Called Full Transparency, the platform is meant to immutably document the company's own news releases on…
Crypto donations amplify speed and global reach during crisis
Donations made in cryptocurrencies are proving to be a fast and far-reaching means of providing financial aid during times of crisis, according to multiple industry players.This has proven to be the case after devastating earthquakes hit parts of Turkey and Syria in February. Blockchain analytics firm Chainalysis estimates that around $5.9 million of donations have been made…
RUNE Pumps 18% as THORChain deactivates non-native tokens
The BEP-2 and ERC-20-based variants are being swapped out for the upgraded native RUNE token after THORChain's long-awaited mainnet late last month. Cross-chain exchange and proof-of-bond network THORChain has finally activated the killswitch that will progressively wind down support of the BEP-2 and ERC-20-based variants of the RUNE token. BNB.RUNE, and ETH.RUNE, also known as IOU…
Cardano price fake-out? ADA’s 45% rebound in two days could trap bulls
Cardano (ADA) price climbed from $0.48 on May 30 to as high as $0.68 on May 31—a 45% rally in less than 48 hours. But ADA/USD failed to extend its rally further upward and dropped by almost 13.75% from its weekly high.ADA price: Ear market vibesCardano's price retreated sharply on June 1, giving up a portion of…
Chinese gov’t fires up the printer — How will it impact Bitcoin price?
News headlines have recently covered how China's struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be structural problems. For instance, industrial output in July increased by…
Barely halfway and October already the biggest month in crypto hacks: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.October is historically associated with the bulls, but in 2022, the month has also become the leader in crypto hacks as barely halfway through, and the DeFi ecosystem has already…