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In this line, a popular crypto trader publishing under the username Tradersweekly on TradingView has suggested that one of the direct impacts of the Merge is to trigger a pump and dump scenario in Ethereum, especially with the distribution of tokens from the old Proof-of-Work (PoW) protocol. The trader notes that a dump will occur from newly created tokens that will hit the market alongside the Merge. The trader also acknowledged that the Ethereum price would rally, but the scenario is temporary....

Speaking to CNBC, El-Erian stated that if left alone, the markets and economy can navigate the current uncertainty independently, but a wrong policy direction will likely have a negative impact. He stated that markets can stand on their own since the supporting factors are in order citing aspects like healthy balance sheets. Fed’s reaction to Omicron variant According to El-Erain, it is commendable that the Fed has not reacted to the impact of the new coronavirus strain stating that it’s the right reaction....

Rivian (NASDAQ: RIVN), a once popular stock among analysts, has suffered large drawdowns to the tune of 69% year-to-date (YTD). Further, on July 11, the company discussed its restructuring plans, claiming that it has grown too fast and needs to cut roughly 5% of its workforce. Moreover, Morgan Stanley (NYSE: MS) cut its coverage across the auto stocks on July 14, citing headwinds and slower-than-expected growth. Despite MS cutting their estimates by 5% to 10%, the cuts are generally smaller than in previous recessionary scenarios....

In that context, their new subs come in a design to carry advanced Kalibr-M cruise missiles that have a range of over 4,000 km. This information was dispensed by a defense industry source speaking on the sidelines of the Army-2020 forum on August 28. The source added: As this source told TASS, these submarines will be better prepared for the mission of non-nuclear strategic deterrence in comparison to their predecessors....

Indeed, SHIB is now trending above both Bitcoin (BTC), the most well-known digital asset on the cryptocurrency market, and Fetch.ai (FET), which is currently in third place. Leading the market in terms of searches and popularity as the most trending coin Shiba Inu is currently changing hands at $0.000009747, up 6.15% in the last 24 hours and a further 18.08% across the previous week. Notably, the dog meme token, after adding $900 million to its market cap in the last week, is now worth a total of $5....

Notably, the petition to list SHIB, headed “Kindly request of Robinhood to list Shiba Inu coin!” has gathered 503,615 signatures as of the time of writing on the petition website Change.org, making it the number one ranked petition on the platform. After losing almost $15 billion in a single trading week, the dog meme coin based on the Ethereum network is currently trading at 0.00005849; SHIB is up 16.4% in the past 24 hours and down but by 20....

According to the company’s Q3 financial results, the premium subscribers brought in revenues of €2.1 billion, which surged 22% from the previous quarter. Spotify noted that the revenue and subscriber growth for the quarter was due to expansion into other territories citing Russia alongside strategic promotional partnerships with selected smartphone manufacturers. Furthermore, the company’s monthly active users surged to 381 million, recording double digits growth in all regions. The streaming services highlights that the figures were aided by the resumption of marketing activity in India....

The findings are based on data from Finders Consumer Sentiment Tracker, which analyzes cryptocurrency ownership in Australia, to discover why people invest in digital assets and the trends that will shape the future of crypto and the country’s financial landscape as a whole. Furthermore, men are twice as likely as women to own cryptocurrency, although the percentage of women who own crypto has grown from 7% in January to 11% in June....

According to data acquired by Finbold, Tesla stock registered an ROI of 224.93% between June 2021 and June 2020, outperforming some of its major competitors. Among the selected vehicle manufacturers, Tesla only trailed China-based NIO (NYSE: NIO), which had almost double returns at 539.13%. Ford Motor ranks third with returns of 152.28%, followed by General Motors at 141.08%, while Volkswagen AG ranks fifth at 116.62%. Xpeng (NYSE: XPEV) took the sixth slot with 75....

The recall for a faulty window reversal system that did not react accordingly when detecting an obstruction seems to be the reason for a 1.1 million vehicle recall. The recall will cover some 2017-2022 Model 3, 2020-2021 Model Y, and 2021-2022 Model S and Model X vehicles, according to a Reuters report published on September 22. Furthermore, Tesla claimed that it was unaware of any warranty claims, crashes, or injuries due to this faulty system....

Speaking to CNBC, Miner stated that Bitcoin’s price might crash further to as low as $10,000. According to Minerd, the current Bitcoin price movement points to a crash based on historical price movement. Therefore, he projects the price to plunge 70-80%. Bitcoin is currently trading at around $33,300, almost 50% less than the all-time high price of $64,800 set in mid-April.In late June, Minerd warned investors against being anxious to invest money in bitcoin....

Yesterday, former U.S. President Donald Trump gave his two cents on Bitcoin and whether he is investing in today’s markets live on Fox News Business. Trump’s comments on bitcoin may have harmed the asset as he stated, “Bitcoin just seems like a scam. I don’t like it because, essentially, it’s another currency competing against the dollar. I want the dollar to be the currency of the world.” Generally, the investors were expecting BTC to do a breakout from its recent consolidation in the mid 30,000s, and it did a downward breakout....

Furthermore, with record levels of inflation, followed by the argument for increasing interest rates, however, many feel uncertain how rate hikes would impact the economy. Moreover, global tensions are impacting markets, with oil prices rising beyond 2008 levels due to Russia’s invasion of Ukraine. The war and sanctions are projected to have a detrimental impact on economic development in the form of gross domestic product (GDP) growth. According to Bloomberg senior commodity analyst Mike McGlone, the fast spike in wheat prices signals a repeat of 2008, since rising commodity prices, especially food, dampen consumer sentiment and “almost guarantee we will get a global recession out of this....

On the other hand, other projects are transitioning or have transitioned from a proof-of-work (PoW) into a proof-of-stake (PoS), which nets them the label of more sustainable crypto. The following three could be deemed as the top 3 green crypto projects in the sea of various crypto projects. 1. Ethereum (ETH) The smart contract behemoth, the second largest crypto, is well known for its decentralized application (dApp) development environment, on top of which numerous other projects were built....

Amid the tough times, several digital assets are witnessing increased investor interest, resulting in a short-term rally. In this line, the following are the top five digital assets leading the crypto market in seven-day gains for the week ending December 9. Axie Infinity (AXS) The blockchain-based cryptocurrency has recently sustained gains to record a rally of over 16% within seven days despite the daily chart indicating minor correction. By press time, AXS was trading at $8....

As it happens, TRON (TRX) has been in a state of deflation from the period between starting October 28, 2021, and October 12, 2022, which equals to 50 weeks or close to one year, as announced by TRONSCAN, the official explorer of the TRON blockchain, in a tweet on October 17. According to the announcement, the total amount of TRON’s tokens at the end of this deflationary period reached 9....

Data acquired by Finbold indicates that the U.S. household debt per capita has hit $44,054 as of Q1 2021, representing an increase of about 12.91% from 2017 Q1’s figure of $39,011. During the same period, the overall household debt surged 15% from $12.73 trillion to $14.64 trillion. Over the last five years, mortgage accounts for the largest household debt component, rising 17.72% during the period. As of Q1 2021, mortgage debt was $10....

The study by the International Association of Money Transfer Networks (IAMTN) stated that through the blockchain technology that powers cryptocurrencies, remittances can be instant due to the ability to eliminate intermediaries like banks and in turn lower costs. Notably, the findings are backed by leading industry players who IAMTN interviewed on the innovative technologies with the potential to improve cross-border payments. Interestingly, the stakeholders noted that blockchain and crypto possess ‘infinite opportunities’ to enhance cross-border settlement....

The Economic Crime Unit of U.K.’s Greater Manchester Police reportedly discovered and seized the USB stick following the arrest of two individuals for fraud and money laundering offenses. A few days later, the police seized another $12.7 million after locating what they called a “cryptograph safety deposit box” and the code required to access it. In a statement published on Aug. 8, the Greater Manchester Police said that the amount represents 90% of the cryptocurrency that the alleged fraudsters stole from their victims who are based in the UK, US, Europe, China, Australia, and Hong Kong....

Since its inception in 2015, the New York-based multi-asset exchange Uphold has created a one-of-a-kind market for the trade of both digital and physical assets. It is widely regarded as one of the few cryptocurrency exchanges that also facilitates commodities trading. Notably, Uphold was the first verifiable financial services firm to disclose its reserve holdings in real-time publicly. Uphold is dedicated to compliance in its duties as a FinCEN Registered Money Services Business (MSB) in the United States and as an EMD Agent of an Electronic Money Issuer licensed by the Financial Conduct Authority (FCA) in the United Kingdom....