US inflation comes in hotter at 8.5%, with rate hikes likely to continue into 2023. Epic Games raise $2B to fund the Metaverse. Bored Ape Yacht Club is set to create a film trilogy.
APR 18, 2022
Key Takeaways
- The Bureau of Labor Statistics reported headline inflation for the USA at 8.5%, above the Dow Jones estimate of 8.4%. To reduce inflation, the Federal Reserve has begun raising interest rates and will continue to do so into 2023.
- The Bank for International Settlements (BIS) released a study on how central bank digital currencies (CBDCs) can play a role in financial inclusion. The range of topics included using CBDCs as a catalyst to innovate and also to serve as a complement to existing systems.
- The popular NFT collection is set to release a trilogy film. Also, Bored Ape Yacht Club (BAYC) creator Yuga Labs has teamed up with Superplastic to create vinyl art collectibles based on the collection.
- The general price, volume, and volatility indices were mixed at -5.77%, -8.27%, and +23.23% respectively.
Highlights
- Bank of Japan official says Digital Yen won’t be used to achieve negative interest rate
- Bank of Canada using quantum computing to simulate crypto adoption scenarios
- Central Bank of Brazil confirms it will run a pilot test for its CBDC this year
- Institutional Asset Manager enlists Fireblocks to help with crypto security
- Fortnite creators Epic Games raise $2B from Sony and LEGO to fund Metaverse plans
- Pantera Capital set to close $1.3B Blockchain fund
- BlackRock to handle Circle’s USDC cash reserves as part of $400M funding round
- Ava Labs raises $350M at $5.25B valuation: Report
- A16z leads $4M seed round for Web 3 recurring payments startup
- AMC adds Dogecoin, Shiba Inu payments to mobile app
- Polygon pledges $20M to fund its carbon negative initiative
- Opera expands crypto browser to iOS for access to 9 Blockchain ecosystems
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Source: crypto.com
