When it comes to the stock market, there have been a lot of “worsts” in 2022, from the worst January since 2009 to the worst quarterly decline in two years. Now, with interest rates skyrocketing, inflation at a 40-year high and experts predicting increasing likelihood of recession in the next two years, investors are looking…

It’s been just a few months since the record-setting non-fungible token sale at nearly $100 million. But here are five signs the NFT hype is already crashing in this week’s Five For Friday. #5: NFT searches are down According to Google Trends, searches have more than halved since the peak in January. And to think, there was…

In his first letter to Amazon shareholders, CEO Andy Jassy wrote about the enormous growth Amazon experienced during the coronavirus pandemic. The annual shareholder letter, published Thursday, is the first from Jassy since taking over from founder Jeff Bezos last year. “We realized the equivalent of three years’ forecasted growth in about 15 months,” Jassy…

Hackers reportedly stole over $600 million from a blockchain network this past week in one of the biggest hack attacks in the cryptosphere to date. Thieves targeted Ronin Network, the blockchain behind Axie Infinity, a popular online game with roughly 2.5 million monthly users. Ronin Network said on March 23, 2022, hackers took 173,600 Ether…

President Joe Biden has signed an executive order directing the Treasury Department to study the impact of cryptocurrency on financial stability and national security. The order also urges the Federal Reserve to explore whether the central bank should create its own digital currency. According to a White House fact sheet on the order, it outlines “the…

Struggling under crippling economic sanctions and currency collapse, Russia is financially fleeing to a familiar safe haven: gold. And with the growing prevalence of cryptocurrencies, experts expect Vladimir Putin will also turn to the less familiar, non-tangible asset. The gold standard After a 2-year pandemic pause, Russia’s central bank announced this week it is restarting…

Financial regulators warned Tuesday that cryptocurrencies could be a threat to the stability of global markets. The Financial Stability Board is an international group tasked with assessing systemic risk, and in an updated risk assessment, members concluded that the fast-evolving cryptocurrency market could be a threat, “due to their scale, structural vulnerabilities and increasing interconnectedness…

British authorities seized non-fungible tokens connected to a tax probe in what’s believed to be the first seizure of its kind for the United Kingdom. Officials at Her Majesty’s Revenues and Customs said they seized three digital art NFTs and £5,000 in crypto assets as part of an investigation into a £1.4 million ($1.9 million)…

Elon Musk, the world’s richest man, is considered one of the most influential people globally, but those titles do not come without criticism. At age 50, the Tesla and SpaceX CEO continues to shake up the auto industry and expand the possibilities of space travel.  In 2021, Tesla reported record growth in each quarter as…

A rare 555.55-carat black diamond, dubbed “The Enigma,” will be up for auction in February. Auction house Sotheby’s expects the diamond to be sold for at least $6.8 million. “The shape of the diamond is based on the Middle-Eastern palm symbol of the Khamsa, which stands for strength and it stands for protection,” jewelry specialist…