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Solana's Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26. Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the
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Political and economic tensions around the world are making some more willing to receive their pay in cryptocurrencies like Bitcoin (BTC), according to executives in the human resources industry.The share of salaries taken in cryptocurrencies and stablecoins has been on the rise over the past few years. This trend is driven
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The state-owned Aramco believes that the oil demand forecast for the rest of 2023 is solid even though metrics point to a dwindling economy. Saudi-owned oil and gas firm Saudi Aramco has a strong outlook on oil for the rest of the year as it anticipates healthy demand from India and
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On the latest episode of Cointelegraph’s Macro Markets, analyst Marcel Pechman explores how Turkey’s recent interest rate increase might attract hundreds of millions of new cryptocurrency investors, and how China’s looming economic crisis could affect Bitcoin (BTC) and crypto globally.Turkey’s central bank has increased the interest rate by 6.5% to 15%
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“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government's position," Griffith said. "The right regulator[s] [are] the financial regulators with their deep expertise and understanding of issues like how to ensure markets are fair, how
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IMF director Kristalina Georgieva highlighted the stability of lending while urging the US Federal Reserve to consider further actions in response to an uncertain economic climate. In a recent interview with CNBC, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), said that lending remains strong despite the uncertain
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Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard, has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador.On May 30, the Office announced that the Austrian economist had joined the team as its advisor for matters related to various
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.In the past 12 months, Circle's USD Coin (USDC) has
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The WEF has released a comprehensive report suggesting global guidelines to regulate the complex and rapidly-evolving crypto industry, emphasizing the need for harmonized regulations to ensure market stability and investor protection. The World Economic Forum (WEF) has
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied High-profile financial experts, including “Rich Dad Poor Dad” author Robert Kiyosaki and legendary investor Stanley Druckenmiller, have expressed concerns over the burgeoning unfunded liabilities in the United States, painting a grim picture of the country’s
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