Chris Sullivan sees bitcoin’s future growth tied to reallocation trends in global investment portfolios.
Pakistan's internet firewall could cost economy $300 million, association says
Pakistan's economy could lose up to $300 million due to internet disruptions caused by imposition of a national firewall, the Pakistan Software Houses Association (P@SHA) said in a press release on Thursday. Islamabad is implementing an internet firewall to monitor and regulate content and social media platforms, according local media reports. The government denies the use of the firewall for censorship.
Retail sales soar past Wall Street estimates in July
Thursday's retail sales report comes as markets are increasingly focused on data amid growing concerns about the health of the US economy.
Wall Street Agrees Crypto Is 'Clearly' A Huge Election Issue, But Still Divided on Who Is Best for Industry
The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November's U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Oval Office for the next four years, one thing Wall Street firms agree on is that either nominee will bring crypto regulation forward.
US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market
The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. Weekly filings for unemployment benefits, which are a proxy for layoffs, remain low by historic standards.
Top Crypto Startup Drove Other Projects' Airdrops to Its Employees
Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. Some teams asked for it. At least one didn...