Day: June 2, 2022

Solana price dives after latest network outage

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The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months. A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on Wednesday. This latest outage lasted around four and a half hours as validator operators managed to restart the mainnet at around 21:00 UTC, according to the incidentย report. Validator operators successfully completed a cluster restart of Mainnet Beta at 9:00 PM UTC, following a roughly 4 and a half…

11% of US insurers invest โ€” or are interested in investing โ€” in crypto

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United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firmโ€™s asset allocations and portfolios. The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto. Speaking on the companyโ€™s Exchanges at Goldman Sachs podcast on Tuesday, Goldman Sachs global head of insurance asset…

Solana Halted by Bug Linked to Certain Cold Storage Transactions

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JPMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane โ€” Says ‘You Better Brace Yourself’ โ€“ Economics Bitcoin News

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JPMorgan CEO Jamie Dimon has warned that an economic โ€œhurricaneโ€ is coming. โ€œYou better brace yourself,โ€ he advised. โ€œWe just donโ€™t know if itโ€™s a minor one or Superstorm Sandy.โ€ Jamie Dimon on the U.S. Economy and QT The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a financial conference sponsored by Alliancebernstein Holdings. โ€œItโ€™s a hurricane,โ€ Dimon exclaimed. While noting that โ€œRight now itโ€™s kind of sunny, things are doing fine, everyone thinks the Fed can handle it,โ€ the JPMorgan executive stressed:…

What You Need to Know.

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Raising funds for a cryptocurrency venture can be a challenging process, but the use of Simple Agreements for Future Tokens (SAFTs) can provide some clarification. The main purpose of a SAFT is to provide investors with regulatory compliance when purchasing tokens before they are issued. In this article, we will discuss the basics of SAFTs and what you need to know about SAFTs! What is a SAFT, and how does it work? A SAFT (Simple Agreement for Future Tokens) is a type of investment contract that allows investors to purchase…

Cryptocurrency Becomes a Point of Focus in Nigeriaโ€™s Elections

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Interesting times have arrived in Nigeria, as cryptocurrency is now a focal point in the campaigns of the Nigerian national elections. Candidates are moving towards embracing cryptocurrency as a staple of the financial world of Nigeria, and are advocating for global adoption of crypto. A presidential hopeful in Nigeria, Abubakar Saraki, has lent his voice in support of the cryptocurrency industry. Saraki claims that cryptocurrency has created a lot of opportunities for youth in the country, which has the highest population in Africa. He is, however, of the opinion that…

ASSET MANAGEMENT GIANT VANECK SAYS BITCOIN CAN HIT $4.8 MILLION PER COIN AS A GLOBAL RESERVE ASSET!!

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Consensus 2022 Visitor Guide: CBDCs and Public Money

A handful of small countries โ€“ the Bahamas, Nigeria โ€“ have launched fiat digital currencies, but more than 30 nations are developing or pilot testing them, including China. Last week, the city of Shenzhen in southern China announced $4.5 million in digital yuan as stimulus payments to residents to counter the negative economic effects of the pandemic. The U.S. is considering a digital dollar, but Federal Reserve Vice Chair Lael Brainard said recently it would take approval from the White House and Congress and would take at least five years…