China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’

The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value of blockchain technology should not be ignored because of virtual currency.” Opinion Piece Claims 90% of … Read moreChina Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by 75 bps, Global Markets See Slight Rebound … Read moreUS Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

China’s Largest Cloud Service Provider Joins NFT Race

Alibaba Cloud, the largest cloud service provider in China, has announced that it is launching non-fungible token (NFT) solutions that would offer web hosting, digital marketing, and content delivery services for users seeking to build their own NFT marketplaces. Using its Elastic Compute Service (ECS) and Auto Scaling, users can build their NFT marketplace web … Read moreChina’s Largest Cloud Service Provider Joins NFT Race