Mastercard and Binance Team Up in Brazil - A #Wolfish Celebration

Mastercard and Binance Team Up in Brazil - A #Wolfish Celebration
#crypto #mastercard #binance

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Hey everyone, welcome back to my Youtube channel, it is Douglas James with a fresh update in the crypto space for the past couple of weeks. Before we get to the news, know that I am not a financial advisor and what I say should not be taken as financial advice. Always do your own due diligence and research before you buy cryptocurrencies or any other asset class. These videos are for your entertainment as well as for educational purposes so please enjoy.

Mastercard and Binance Team Up in Brazil
Mastercard, as the second-largest payment-processing corporation in the world and sustaining a $357 billion market cap, continues to make advancements with crypto technology. The payments conglomerate has teamed up with global crypto frontrunner Binance to launch a prepaid crypto rewards card for customers in Brazil.

Seoul Launches Metaverse
The east Asian city of Seoul in South Korea has launched its very own metaverse for the city’s residents. The government of Seoul has commenced the first phase of a virtual world called Metaverse Seoul, an exact replica of the country’s capital city. This initiative’s goal is to improve public services for citizens. A second phase is planned in the future to make this virtual world more accessible to senior citizens, with Metaverse Seoul anticipated to be entirely completed by 2026.

Economy
Producer Price Index
PPI is a measure of the average change in selling prices collected by domestic producers of goods and services; it is a metric from the perspective of the producer,.

National Debt
The U.S. national debt has recently reached its existing borrowing cap of $31.4 trillion. The treasury secretary has suggested that U.S. obligations can be met until early June; therefore, discussions about raising the debt ceiling have already ensued and are probable to extend into the coming months, but political opposition, theatrics, and disagreements are already at the forefront of the issue.

Job Layoffs
The new year has rung in massive layoffs amongst some of the largest corporations. The unemployment rate in this new year will be a key metric to examine given so many job losses.

Gross Domestic Product
The advance estimate for quarter four’s GDP came in at a positive 2.9%. So the second half of 2022 recorded two consecutive positive GDP values after having two negative quarters earlier in the year. GDP in this new year will be critical for ascertaining the state of the economy.

Fed Rate Hike
The Fed in their most recent meeting increased interest rates by 25 bps, making the rate range 4.5 to 4.75%. Jerome Powell is pleased with the pace of reduction in inflation but would like to see much more evidence that CPI data will continue downward.

Unemployment Data
The unemployment rate at the end of January dropped slightly to 3.4%, finally breaking down from continuing fluctuation between 3.5 to 3.7% for almost a year. A large boost of new employment also came in with 517,000 jobs added.

Market Metrics & Crypto Adoption
U.S. House Creates Cryptocurrency Subcommittee
The new congressional subcommittee on digital assets, financial technology, and inclusion in the House of Representatives is the very first of its kind to be initiated in the U.S.

Australian Bank Introduces a Stablecoin
National Australia Bank plans to launch a stablecoin on Ethereum and Algorand blockchains that will be backed by the Australian dollar. This bank is the second of four major banks in Australia to establish a stablecoin.

Bitcoin Mining Network Booms
The Bitcoin mining network has been healthy and flourishing the last few weeks with ongoing new all-time highs of hashrate and difficulty. ncreases in these two metrics indicates that miners are enthusiastic and diligently mining.

Guard Ecosystem
Disclaimer: We are a minority investor in the Wolf Den, the Guardian Academy, and the Guard Ecosystem; we may receive dividends in the future. We chose to partner with them because of their groundbreaking developments in Web3, Metaverse, and crypto education platforms. Our coverage isn’t financial advice, and you should do your own research before investing.

KnightSwap Integrates Chainlink
KnightSwap DEX has integrated Chainlink’s Verifiable Random Function or VRF in order to strengthen its raffle system.

The Guardian Academy Giveaway
The Guardian Academy is considering a giveaway of an exclusive collectible canvas print featuring a light-shaded wolf and dark-shaded wolf in a circular moon pattern.

A #Wolfish Celebration
The next IRL event is coming up this month in Scottsdale, Arizona and only Wolf Pup holders can receive official invites. Wolf Pup holders must connect their wallets to the Gray Wolf Summit page to uncover a #Wolfish Celebration!