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Monthly Archives: June 2022

Why the $2 trillion crypto market crash won’t kill the economy

[CNBC, Getty Images] Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy.“People don’t really use crypto as collateral for real-world debts. Without that, this is just a lot of paper losses. So this is low on the list of issues for the economy,” said Joshua Gans, an […]

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Free school lunches for all set to end, creating ‘perfect storm’ amid high inflation

[NBC NEWS, Getty Images] Congressional child nutrition waivers that allowed for free meals in school and other food assistance measures are expiring June 30. Advocates say it couldn’t come at a worse time. A federal waiver that made school breakfasts and lunches free to students regardless of their family’s income is set to expire June […]

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Bitcoin drops 14%, falling below $24,000 as $200 billion wiped off crypto market over the weekend

[CNBC, Getty Images] KEY POINTS Bitcoin tumbled below $24,000 late on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets.Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market.Macro factors are contributing to the […]

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Seth Green pays $260,000 ransom for a stolen Bored Ape Ethereum NFT meant to feature in his new TV show: report

[Business Insider] Seth Green has paid 165 Ether ($260,000) for the return of a Bored Ape NFT stolen last month.The actor told BuzzFeed News that the ape “is home,” with records showing the purchase.The NFT, “Bored Ape NFT #8398,” is set to feature in Green’s new show called “White Horse Tavern.” Actor Seth Green has […]

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Jack Dorsey and Jay-Z Launch Free Bitcoin Academy to Lift NYC Public Housing Residents

[Bloomberg] The men are funding a Bitcoin-focused education program for residents at the rapper’s childhood home. Hip-hop mogul Jay-Z and Block CEO Jack Dorsey are teaming up to take Bitcoin and financial education to the rapper’s childhood home. Dorsey announced the launch of Bitcoin Academy on Thursday. The financial education program will be free for residents living at the […]

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eBay’s new vault facilitates digital trading of your non-fungible physical items

[The Verge, eBay] Buy / sell trading cards as quickly as NFTs Consider dusting off your attic shoeboxes filled with baseball cards; eBay might have a new home for some of them soon. The pioneering online marketplace site built a new 31,000-square-foot facility, called the eBay Vault, which is open now to house graded trading cards that […]

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Bored Ape Is Going Hollywood

[GQ, Señor Salme] It’s already the world’s most coveted NFT collection, but the Bored Ape Yacht Club is becoming something else: highly lucrative I.P. With buyers racing to make their apes the stars of movies and books and albums and shows, GQ goes inside the quest to cash in on a decentralized version of Disney. […]

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Bulls Star Lonzo Ball Teams Up With Michael Jordan And His Son’s Web3 platform To Launch Athlete Membership NFT

[Black Enterprise, HEIR] HEIR Inc., a Web3 platform co-founded by Michael Jordan and his son Jeffrey Jordan, is anticipating the launch of its first athlete membership NFT with Chicago Bulls guard Lonzo Ball. The Crypto Times says the June 7th drop will feature Lonzo Ball as an NFT collection entitled “Zo.” This upcoming project, which will be launched through a mint on Magic Eden’s […]

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‘Brace Yourself’—Wall Street Legend Issues A Serious Fed Warning As A New Crypto Price Crash Hits Bitcoin, Ethereum, BNB, XRP, Solana And Cardano

[Forbes, Getty Images] Bitcoin and cryptocurrencies have taken a turn for the worse in recent months as economic storm clouds gather—even as bitcoin price bulls continue to make bold predictions. The bitcoin price, after jumping at the beginning of the week, has gone into reverse, losing ground as the crypto market braced for a $9 trillion […]

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