Fun

China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review

News Feed - 2022-08-07 08:08:07

China and Taiwan"s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review


From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the world of cryptocurrency news. Without further ado, this is your bite-sized digest of the week’s hottest stories from Bitcoin.com News.


Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’


While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations.” Moreover, during the last few weeks, reports note that the global economy could crater if there’s a Chinese military attack on Taiwan.


Read More


Renowned Investor Jim Rogers Warns ‘the Worst’ Bear Market in His Lifetime Is Incoming


Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” in his lifetime. Noting that many stocks will go down 90%, he stressed that investors will lose a lot of money.


Read More




Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says


The latest troubles in the crypto space have allegedly led to an increased supply of second-hand luxury watches, according to a leading trading platform. As a result, prices of sought-after models by major brands like Rolex and Patek have dropped, the company revealed.


Read More


Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push


Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies of the division to include more revenue streams.


Read More Tags in this story Bear Market, China, crypto market downturn, Economic Fallout, FC Barcelona, jim rogers, Metaverse, military, Patek, Pelosi, rolex, Socios, sports metaverse, Taiwan, watches


What are your thoughts on this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below. Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Analysts: BRICS Currency Meant to Rival USD, Trump Warns of Depression as Kiyosaki Predicts Bond Crash, Waits to Buy Bitcoin — Bitcoin.com News Week in Review THE WEEKLY | Jul 31, 2022 Finder"s $675 ETH Prediction, India Calls on G20 Re: Crypto Taxes, Peterffy Concerned BTC Could "Become Worthless or Outlawed" — Bitcoin.com News Week in Review THE WEEKLY | Jul 24, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articlePolice in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms Next articleBinance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse


United Arab Emirates (UAE) airliner, Emirates, has announced plans to launch non-fungible tokens (NFT) and experiences in the metaverse for its workers and customers. The launch aligns with UAE"s digital economy and virtual assets initiatives. First Projects Already Underway The ... read more.Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Ethereum price will be ‘sensitive’ to ETF inflows in the coming days — Kaiko
Tom Mitchelhill5 hours agoEthereum price will be ‘sensitive’ to ETF inflows in the coming days — KaikoAnother firm estimates that Ether’s price will rise no more than 24% by the end of 2024 due to underwhelming d
Turner Wright8 hours agoUS House committee leadership threatens to subpoena SEC over FTX docsPatrick McHenry led efforts starting in February to obtain communication records between SEC and Justice Department staff over
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns Judge John Dorsey has delayed his decision on whether to appoint an independent examiner
Gareth Jenkinson14 hours agoBitcoin no longer asset of choice for criminals — former Elliptic crypto advisorCriminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative
Bitcoin price falls as global recession and AI bubble fears send investors scrambling
Marcel Pechman5 hours agoBitcoin price falls as global recession and AI bubble fears send investors scramblingBitcoin"s price correction is driven by a weakening global economy, conflict in the Middle East, and concerns
UAE Charitable Foundation Receives Approval to Accept Crypto Donations
UAE Charitable Foundation Receives Approval to Accept Crypto Donations Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been g
Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
Christopher Roark2 hours agoTiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTCThe device, called a ‘Bitaxe,’ successfully mined a block even though its chances were only 1 out of 1 billion
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day
Bitfarms Adds 18 MW of Capacity to "The Bunker" — Miner"s Daily Production Taps 16.8 BTC per Day On July 28, the bitcoin mining company Bitfarms announced the completion of the s
Immediate $1,200 Stimulus Checks: Trump Calls on Congress to Pass Stand-Alone Stimulus Bill Fast
Immediate $1,200 Stimulus Checks: Trump Calls on Congress to Pass Stand-Alone Stimulus Bill FastCongress has been urged to pass a stand-alone stimulus bill to immediately provide Am
Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
Josh O"Sullivan12 hours agoPyth ploys DeFi lending overhaul with Morpho, Gauntlet partnershipPyth Network teams up with Morpho and Gauntlet to enhance lending protocols on Ethereum and Base using low-latency price data.8
SEC claims Binance.US ‘unwilling’ to give info, requests court intervenes
Tom Mitchelhill7 hours agoSEC claims Binance.US ‘unwilling’ to give info, requests court intervenesBinance.US isn’t answering important questions, the SEC claims, but the crypto exchange says further requests excee
Toda City in Japan Is Using Metaverse Tools to Combat School Absenteeism
Toda City in Japan Is Using Metaverse Tools to Combat School Absenteeism Toda City, located north of Tokyo in Saitama prefecture, is using metaverse-based tools to fight the absent