Video game retailer GameStop (GME) is making another push into esports with the sponsorship of Envy Gaming, which owns Team Envy and the Overwatch League’s Dallas Fuel. We’re excited to launch our partnership with @GameStop! Lots to look forward to with our new friends as we level up the world of esports and gaming. Details: […]
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Digital Currency Donors and Crypto-Backed Endowments Fuel Higher Learning
Digital asset holders and organizations have been donating funds to a number of well-known universities. These days a slew of popular colleges like Stanford, MIT, Cornell, Puget Sound, and Princeton all accept digital currency donations or have high-net-worth crypto backers funding these schools. On the flip side of higher education, many of the world’s prestigious universities also offer elective courses that teach blockchain technology.
Also Read: University of Michigan Endowment Backs Crypto Venture Capital Fund
Dow Jones Sess Stunning 10% Recovery, But This One Key Factor Could Fuel Even More Growth
Since January 3, within a one-month span, the Dow Jones Industrial Average has recovered from 22,682 points to 25,102 points, by more than 10 percent. It has been a stunning 30 days for the Dow Jones, which was at risk of entering a bear market after falling by 19 percent from its all-time high. The short-term recovery of the Dow was mainly attributed to the Federal Reserve rate, which is expected to remain stable in the range of 2.25 percent to 2.5 percent. But, another key factor may have largely affected the sentiment around the U.S. stock market throughout the
PewDiePie Inks Sponsorship Deal With Gaming Energy Drink G FUEL
G FUEL, the self-styled official drink of esports, announced this weekend that it is now an official sponsor of Swedish YouTuber PewDiePie — who currently has around 80.7 million subscribers on his channel. ‼️ANNOUNCEMENT ALERTTT‼️ Please join us in formally welcoming the newest addition to the #GFUEL Family…@pewdiepie!!!!! It’s time for some #MEMEFUEL!!! Oh, and before we […]
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Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy
The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as an electricity buyer of last resort,” contrary to the mainstream media construct of it being an environmental menace.
Also read: Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court
‘Buyer of Last Resort’
Will Blockchain Technology Force Greater Government Accountability Or Fuel Cryptocurrencies?
Currency is a universal representation of trust created by humans. So much so that we don’t even ask why two pieces of paper with green, gold, and black ink is accepted as a medium of exchange for goods and services. One piece of paper can be exchanged for a cartful of groceries. Equally important, currency has enabled people to save the value of their labors for use at a future point in time.
Traditional currency we use everyday are issued by sovereign governments in which people base their trust and faith, in varying degrees.
Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them
Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth.
Also read: Ex-Liberia Central Bank Chief Under Probe For Missing $ 104M, State Seeks FBI Help
Central Banks Have Crashed Economies Through Reckless Money Printing
Central banks have come under fire for aiding struggling economies to crash through reckless money creation, thereby fueling inflation. Prominent economist and currency expert Steve Hanke, who played a key role in establishing new currency in Argentina, Estonia, Bulgaria and Ecuador, says the world needs fewer state banks to prevent economic and cash crises.
The CryptoInfluence Summit: Promoting Collaborations to Fuel the Mass Adoption of Blockchain Technology
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Will Cryptocurrency Custody Services Fuel Institutional Demand?
Demand for secure cryptocurrency storage services is increasing. Meanwhile, investment managers and exchanges are creating services to meet the demand. Will this, in turn, encourage more high-net-worth and institutional investment in cryptocurrencies?
Traditional and high-value investors may still be wary of cryptocurrency exchanges, especially considering the frequency of major hacks. Such investors often feel more comfortable with the safe custody of their assets provided by banks and financial institutions.
Institutional investors are also likely to seek out over-the-counter (OTC) services for a more conventional style investment. Because of this, financial institutions new and old are creating OTC desks. Since OTC cryptocurrency transactions are usually of a higher value, demand for digital asset storage is boosted.