First NFTs on Cardano? Here is Why It Matters
(Twitter) One day after a successful activation of smart contracts functionality in mainnet, Cardano has now welcomed its first non-fungible tokens on the platform. Just minted three NFTs using a…
China Issues a New Directive That Restricts Tech Giants From Blocking Rival’s Links
(Reuters) Beijing hit tech giants on Monday with a fresh regulatory move that requires them to stop blocking each other’s links on their platforms. China’s Ministry of Industry and Information…
El Salvador Woos Foreign Investors With a Tax Exemption on Bitcoin Profits
(Beincrypto) El Salvador’s government is exempting foreign investors from paying taxes on bitcoin profits in a bid to attract them. The legal advisor to the president of El Salvador, Javier…
UK Alleges Breach of Obligations in Terminating Vaccine Supply From Valneva SE
(Valneva) Specialty vaccine maker Valneva SE suffered a blow after the UK exercised a provision allowing it to terminate a supply deal for Covid-19 vaccines. The UK government cites a…
Soho China Sheds 36% after $3 Billion Buy Talks With Blackstone Falter
(Market Screener) Shares of China’s real estate developer Soho plunged as much as 35% on Monday in Hong Kong after a $3 billion purchase talks by Blackstone Group collapsed. Soho…
Democrats Ice a $3.5T Social-Spending Package by Targeting a 26.5% Corporate Tax Rate
(Bloomberg) U.S. House Democrats are proposing an increase in the corporate tax rate to 26.5%, from the current 21%, against an earlier 28% rate in Biden’s proposal. The move is…
Apple Suffers a Blow on Its Mobile Game Market After Court Curbs Pricing Power
(Yahoo! Finance) A US district court Judge has granted an injunction requested by Epic Games Inc. against Apple’s App Store seeking to allow alternative payments for consumers. Federal judge Yvonne…
US Producer Prices Beat Estimates to Jump by 0.7% in August
(Bureau of Labor Statistics) US producer prices rose by 0.7% in August to fuel further inflationary pressures amid constrained supply chains and the Covid-19 pandemic. The increase was higher than…
Consumer Demand Drives Bitwise Into the First Crypto Index Fund in the World
(Bitwise) Bitwise Asset Management is launching the world’s first major crypto index fund to provide users with exposure to exciting developments in the cryptomarket. The launch of Bitwise 10 ex…
UK Settles for a Lower-than-Expected 0.1% Jump in GDP as Delta Variant Bites
(Office for National Statistics) The UK recorded a 0.1% jump in the gross domestic product in July from June, the smallest gain since January this year. The gain was less…
Biden’s Call to Chinese Leader Jinping Uplifts Global Markets on Trade Expectations
(Markets Insider) President Joe Biden’s call to his Chinese counterpart Xi Jinping on Friday raised optimism globally on the revival of trade between the two rivals. Global stocks surged following…
Chip Issues Force Reliance and Google to Reschedule India’s Smartphone Launch
Reliance Industries Limited has postponed a planned launch of a low-cost smartphone in India in partnership with Google due to chip shortage, according to Reuters. The launch, which had been…
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