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2022-06-21 15:57:24 Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced.

Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages
Authorized crypto mining enterprises in Iran will have to unplug their power-hungry coin minting equipment from the beginning of Tir, the next month in the Iranian calendar, or Wednesday, June 22. Mostafa Rajabi Mashhadi, spokesman of the Ministry of Energy, announced the decision, quoted by Tehran Times.

The government official noted that the measure applies to 118 licensed mining farms currently operating in the Islamic Republic. The temporary restrictions will be imposed after electricity consumption in the...

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2022-06-21 15:57:23 PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 21, 2022 – LBank Exchange, a global digital asset trading platform, will list MintMe.com Coin (MINTME) on June 22, 2022. For all users of LBank Exchange, the MINTME/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on June 22, 2022.

Providing a new and innovative way of crowdfunding, MintMe.com allows anyone to mint a token for free that represents themselves or a project that they have created for their fanbase. Its native token MintMe.com Coin (MINTME) will be listed on LBank Exchange at 18:00 (UTC+8) on June 22, 2022, to further expand its global reach and help it achieve its vision.

Introducing MintMe.com

MintMe.com i...

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2022-06-21 13:43:53 Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. These cards will allow users to spend crypto, purchase crypto where Visa cards are accepted for such, and also receive crypto cash back through different fintech partners in the region.

Visa Provides Fintech Partners With Crypto-Enabled Cards
More global payment companies are taking an interest in mixing conventional fiat payments with more advanced solutions like cryptocurrencies. Visa, one of the leading payments companies, announced last week that it launched its first crypto-enabled cards in Latam, with the idea of enabling more people to use cryptocurr...

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2022-06-21 12:18:10 A study released earlier this month has found that working in the metaverse with the tools available today might decrease the productivity of employees, and also increase their frustration and anxiety related to remote work. 11% of the participants in the study felt so much discomfort that they could not complete even a day in the study, leaving their tasks incomplete.

Metaverse Needs Upgrades to Support Remote Work
Companies and individuals are betting that the metaverse, an alternate digital representation of our world, will have an important role in the future of work, allowing people to complete tasks remotely. However, a recent study made by researchers of Coburg University, the University of Cambridge, the University of Primorska, and Microsoft Research, paints a different picture of the issue.

The...

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2022-06-21 08:40:00 Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the Tron DAO Reserve says the stablecoin has not depegged in a Twitter thread that discusses a combination of an “on-chain mechanism [and] collateralized assets.”

USDD Trades Below $1 for an Entire Week
USDD has been trading for lower than a U.S. dollar for over a week and on Sunday, USDD tapped an all-time low at $0.928 per unit. The following day on Monday, the stablecoin has been exchanging hands for $0.966 at the time of writing, and it saw a 24-hour low at $0.943. USDD i...

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2022-06-21 08:39:59 Everyone would agree that the DeFi industry is absolutely booming right now, and for good reason. After all, there is an abundance of technological innovation right now through aspects such as cryptocurrencies, NFTs, P2E games, blockchain, and most recently the metaverse.

With that being said, it can often prove difficult to ascertain which projects in this sector are worth more than just the initial hype and can actually offer something of real value. This is where BOSO TOKYO comes in.

What is it?

Naturally, it is crucial to understand what something is before being comfortable enough to invest in it. In a nutshell, BOSO TOKYO is an initiative that wants to make a metaverse identity brand. One of the project’s primary goals is to hence introduce avatars to the metaverse...

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2022-06-21 07:25:48 Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists.

Deutsche Bank’s Recession Forecast
Deutsche Bank’s chief U.S. economist, Matt Luzzetti, explained in a note to clients Friday that a recession will come sooner and it will be more severe than previously predicted, Yahoo Finance reported.

The bank said in April that the U.S.economy will be in a “major...

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2022-06-21 04:23:44 President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.”

Biden: U.S. Recession Isn’t Inevitable
President Joe Biden reiterated to reporters Monday in Rehoboth Beach, Delaware, that a U.S. recession is not “inevitable.”

Asking Biden about a potential recession, a reporter said, “Economists are saying that a recession is more likely than ever.”

The president quickly interrupted the reporter by saying: “Not the majority. Come on, don’t make things up.” Biden added: “Now you sound like a Republican politician. I’m joking. That was a joke, that was a joke.”

Sta...

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2022-06-21 02:41:45 The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed by digital assets.

SEC Chair Gensler’s Crypto Warning
SEC Chairman Gary Gensler cautioned investors last week about crypto lending platforms offering products that seem too good to be true, Reuters reported.

The securities regulator’s warning followed crypto lender Celsius Network’s withdrawal freeze early last week.

“We’ve seen again that lending platf...

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2022-06-20 23:44:02 Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will be moving down.”

A 2% Inflation Rate Will Take 2 Years to Achieve, Says Cleveland Fed President Loretta Mester
The president and CEO of the Federal Reserve Bank of Cleveland, Loretta Mester, spoke to CNBC in an interview on Sunday to discuss America’s issues with inflation and a slowing economy. Mester says growth is “slowing to a little bit below-trend growth” but she does not believe the United States will fall into a recession. “It isn’t going to be immediate that we see 2% inflation. It will take a couple...

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