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Global GPU price drops to compensate for falling Bitcoin mining revenue
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market. Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4 million on Oct. 25, 2021. In addition, a global chip shortage and the coronavirus pandemic shot up prices of the most important part of a mining rig — the graphics processing unit (GPU) — further impacting the miners’ bottom line. Bitcoin mining revenue over the past year. Source: Blockchain.com With card manufacturers resuming operations across the world, GPU prices...
Umetaworld Announces New Website and App Launch
Milan, Italy, 8th July, 2022, Chainwire Umetaworld, the first-ever social media metaverse, has announced the launch of its new website and mobile app. Both launches signal the metaverse open for users who can now interact with others as well as a digital landscape. The website will be going live in the second week of July 2022, and its app is slated to be released on July 16, 2022. There is a lot of talk about the metaverse these days and how people can use it. But a lot of this talk is limited to metaverses being used as gaming landscapes. Umetaworld is different in that it focuses on the metaverse as a purely social space. In Umetaworld, users can interact with each other using high-end avatars which are created with realistic renditions of their faces. By taking a selfie during the regi...
Delegated Proof of Stake Blockchain Accumulate (ACME) Releases Governance Documentation
Miami, USA / FL, 8th July, 2022, Chainwire Delegated Proof of Stake (DPoS) blockchain Accumulate has released its official governance documents. These detail the network’s constitution, its list of stakeholders, and the various rules and policies that govern both the protocol and the community. They also outline the primary role that the ACME token will play in the protocol’s development. At a high level, Accumulate combines traditional and novel approaches to blockchain governance in order to achieve optimal decentralized decision-making while maintaining a solid vision and clear direction for the community and ecosystem. Accumulate’s constitution is constructed on the belief that a space must be created where hundreds and even thousands of participants can participate in the validation o...
Revuto unveils Netflix and Spotify digital subscriptions via Revulution NFT
Revuto, a famous Croatian-based startup revolutionizing digital subscriptions, is launching a lifelong digital subscription to Spotify and Netflix services through the Revulution NFT. As of July 11, 10,000 interested users will have the opportunity of buying a limited edition NFT on Revuto’s official website. Commenting on the new innovation, the CEO and co-founder of Revuto, Vedran Vukman, said: “Based on the feedback we received from our 350,000 active and verified users, we have decided to give the community exactly what they have asked for – a solution that guarantees a stable subscription fee that they can share with their friends or family members in a simple and straightforward way. Moreover, in case they are not using the service, the users can simply get their money back or e...
Egypt: The UAE and Saudi look to Cairo for influence and bargains
Over the past months, neighbouring countries Saudi Arabia and the UAE have been accelerating investment in Egypt. While profit is an undeniable motivator for the Gulf nations, geopolitics take a front seat role. Source
Egypt: The UAE and Saudi look to Cairo for influence and bargains
Over the past months, neighbouring countries Saudi Arabia and the UAE have been accelerating investment in Egypt. While profit is an undeniable motivator for the Gulf nations, geopolitics take a front seat role. Source
‘The program is working’: Biden touts 372,000 jobs added
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No recession here: Hot jobs market tames fears of slump
Robust job growth has been one of the few bright spots for Biden on a darkening economic horizon, and administration officials have repeatedly touted the numbers as evidence of the economy’s underlying strength. Yet slowing the labor market down is essential to helping tame consumer prices that are rising at a faster pace than most Americans have seen in their lifetimes. “They’re in a pickle, because they need inflation to come down, and inflation probably isn’t coming down until the labor market weakens significantly,” said Andy Laperriere, head of U.S. policy at Piper Sandler. “So regardless of whether this number looks good, bad or somewhere in the middle, it has to get worse in order for the Fed to feel like progress is being made on inflation and stop tightening.” Elevated inflation p...
Ghana’s government seeks IMF bail out in U-turn
Amid protests over spiraling prices and the rising cost of living, the government of Ghanaian President Nana Akufo-Addo has reneged on its pledge not to borrow from the IMF after hitting the wall with its domestic economic recovery plan. Source
Ghana’s government seeks IMF bail out in U-turn
Amid protests over spiraling prices and the rising cost of living, the government of Ghanaian President Nana Akufo-Addo has reneged on its pledge not to borrow from the IMF after hitting the wall with its domestic economic recovery plan. Source
Ghana’s government seeks IMF bail out in U-turn
Amid protests over spiraling prices and the rising cost of living, the government of Ghanaian President Nana Akufo-Addo has reneged on its pledge not to borrow from the IMF after hitting the wall with its domestic economic recovery plan. Source
Ghana’s government seeks IMF bail out in U-turn
Amid protests over spiraling prices and the rising cost of living, the government of Ghanaian President Nana Akufo-Addo has reneged on its pledge not to borrow from the IMF after hitting the wall with its domestic economic recovery plan. Source
