Happy Inspiring Day everyone,
We have seen an eventful week, Amazon did a 20:1 stock split, China is going back into lockdown due to another Covid outbreak, Metamask is planning to launch their own coin and FED interest rate hike. In this newsletter, i summarize all the eventful happening of the week into short and digestible newsletter that’s easy to digest so let’s start with the Marketwatch :)
US Federal Reserve raises interest rates for first time since 2018
Fed raises rates by a quarter percentage point from near zero as central bank struggles with inflation, the war in Ukraine and Covid
The Federal Reserve said it would lift interest rates and penciled in a series of further increases this year aimed at stopping the economy from overheating and reducing inflation that is running at its highest levels in four decades.
The Fed raised rates by a quarter percentage point from near zero in what is expected to be the first in a series of raises in the coming months.
In a statement the Fed said economic indicators and employment figures had “continued to strengthen” but noted that inflation remained elevated and the invasion of Ukraine was not only “causing tremendous human and economic hardship” but was “likely to create additional upward pressure on inflation and weigh on economic activity” in the US.
Ukraine's president signs law establishing regulatory framework for crypto
The country's National Securities and Stock Market Commission will determine policies on digital assets, issue licenses to crypto firms and act as a financial watchdog
Volodymyr Zelenskyy, the president of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market.
NFTs Are Coming to Instagram - Says Mark Zuckerberg
Zuckerberg said he envisions users being able to make NFTs of the clothes worn by their digital avatars.
He confirmed NFTs are coming to Instagram, but did not specify when that might happen.
Galaxy Interactive, Republic, Alameda Team Up for Web3 Gaming Investments
NG+ is a new investment consortium focused on crypto games, and is designed to tap each of the firm’s unique talents.
Galaxy Interactive, Republic Crypto, and Alameda Research have founded an investment consortium called NG+.
Short for New Game+, the alliance will focus on investments in Web3 video games.
As the wider NFT market surged in 2021, so did interest in blockchain-powered games—with scads of them launched or announced over the past year. Now Galaxy Interactive, Republic Crypto, and Alameda Research have formed a co-investment alliance focused on the Web3 gaming space.
Ethereum Wallet MetaMask Passes 30M Users, Plans DAO and Token
Popular Web3 wallet MetaMask continues to grow rapidly.
Crypto software giant ConsenSys announced on Tuesday that its popular wallet MetaMask , which people use to store Ethereum and other cryptocurrencies with Web3 applications, now has over 30 million monthly active users.
There is a DAO that is being being formed right now in the context of MetaMask," Lubin said. "It won’t govern MetaMask, but it will enable the creation of novel new pieces of MetaMask to be funded.”
The Sandbox Metaverse Token Jumps 8% Amid HSBC, Paris Hilton Tie Up
Following news that HSBC bought a plot of virtual land and Paris Hilton's arrival in The Sandbox, the metaverse token SAND has jumped.
The Sandbox is becoming a playground for big brands to begin exploring the hype-driven metaverse. Now, Europe's second-largest bank, HSBC, and Paris Hilton are joining the fun.
HSBC announced this morning a new partnership with the metaverse platform, which included the purchase of a virtual plot of LAND, The Sandbox's tokenized equivalent of digital real estate.
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.