US
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Cryptocurrency
Could NFTs Be Considered As Securities In The US?
A US court ruling that virtual assets on blockchain systems are securities “would be ludicrous,” according to the chief legal officer of the Blockchain Association. That happened when a federal judge authorized a lawsuit against exclusive NBA Top Shot Moments NFTs. A potential class action lawsuit brought by buyers of Dapper Labs Inc.’s NBA Top Shot Moments NFTs has been contested by the company. Nevertheless, Dapper Labs was mistaken, as US District…
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News
Total Budget Deficit is Rising in The US as It Reaches Nearly a 460 Billion Dollars in January
In January, the US federal government’s budget deficit was $39 billion due to declining receipts and rising spending. The January budget balance report was made public by the US Treasury Department. Accordingly, the federal government’s budget deficit was estimated to reach $39 billion in January of the fiscal year 2023, which began on October 1, 2022, and would finish on September 30, 2023. In the same month last year, the…
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Cryptocurrency
US Employment Data Causes Bitcoin to Drop
Today was a remarkable day for the US labor force with the release of highly anticipated US employment data that revealed an amazing 517 thousand job increase in January, far surpassing expectations of 185 thousand. This great news caused Bitcoin ‘s price to drop to $23,244 shortly after the announcement and remain at approximately 23K today. Why Are Markets Falling? The question on everyone’s mind is why Bitcoin and other…
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Finance
US Sanctions on China Hurt US Chip Makers, Too
The United States – China trade war, which has grown more heated during the Trump administration, is still ongoing. While the US keeps enforcing strict sanctions on China‘s chip and supercomputer industry, it is now beginning to impose similar restrictions against Japan and Netherlands. The Semiconductor Industry Association (SIA), a body representing almost all of America’s chip manufacturers, forewarns that such actions could prove damaging for both sides. The Embargo…
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