Month: June 2021

Deutsche Bank Warns: Ignoring Rising US Inflation Akin to ‘Sitting on a Time Bomb’

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Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation. Deutsche Report: ‘Transitory Inflation Could Feed Into ’70s Style Stagflation’ The price of … Read more

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

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Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin … Read more

Celebrating Upland’s Genesis Week With a Big Bitcoin Giveaway

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Upland.me is a blockchain-based game in which users can buy, sell, and trade virtual NFT properties mapped to the real world. By becoming a digital landowner, users can build properties, earn UPX coins, and even cash out their gains to USD. Currently open in cities including NYC, San Francisco, Oakland, and more, the project utilizes … Read more

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy

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Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem. Solana to Raise $450 Million … Read more