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“#US sees December job boost to close out 2021” The US added just 199,000 jobs in December, falling well short of expectations as employers battle workplace disruptions due to the highly contagious Omicron variant, the Labor Department said Friday. Despite the lower-than-expected payrolls, the US unemployment rate fell to 3.9 percent, down from 4.2 percent…
“# Rapper Nas to let fans own part of his music through NFTs ” Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, Ultra Black and Rare. Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get the specified percentage…
“# UK air traffic tech firm uses Hedera Hashgraph to track drones ” Hedera’s public ledger consensus service was recently used to “gather, store, and order” millions of data points in a drone data trial sponsored by the United Kingdom government. As per an announcement, Hedera worked with Neuron Innovations, a London-based aviation technology company,…
“# Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report ” Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year,…
“# Samsung launches metaverse store in Decentraland ” Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project. On Jan. 6, 2021, the consumer electronics giant announced the opening of a virtual replica of its iconic New York physical store in order to enhance customer interaction at a…
“# Crypto Biz: The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6 ” The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive…
“# Comedian Stephen Colbert spoofs ‘Colbert Coin’ in response to rise in crypto scams ” Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer. In a Wednesday segment on members of Generation Z falling…
“# Tribal Credit raises $40M in ‘hybrid’ debt round funded by dollars and stablecoins ” Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America. The so-called hybrid debt round was…
“# Major payments app WeChat to add support for China’s digital yuan ” WeChat, China’s largest messaging app and one of the country’s most popular payment services, will start supporting the Chinese government’s digital currency. On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat…
“# Hong Kong real estate giant leads $90M raise for crypto bank Sygnum ” Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum. Sygnum officially announced Thursday that it closed a $90 million Series B round led by Sun…