LBank Labs is the venture capitalist and blockchain accelerator arm of global crypto exchange LBank.
Spearheaded by investor Czhang Lin, LBank Labs is entering the market with a 100 million USDT fund to propel the Web3 industry. He recently joined the Bitcoin.com News Podcast to talk about their investment strategy and the blockchain market:
Czhang Lin is a Taiwanese Canadian entrepreneur, investor, and crypto pioneer. In the last five years, Lin’s knowledge of digital investment strategies has contributed to over a hundred successful crypto and blockchain projects.
To learn more visit LBankLabs.com.
The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.
This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
LBank Labs is the venture capitalist and blockchain accelerator arm of global crypto exchange LBank.
Spearheaded by investor Czhang Lin, LBank Labs is entering the market with a 100 million USDT fund to propel the Web3 industry. He recently joined the Bitcoin.com News Podcast to talk about their investment strategy and the blockchain market:
Czhang Lin is a Taiwanese Canadian entrepreneur, investor, and crypto pioneer. In the last five years, Lin’s knowledge of digital investment strategies has contributed to over a hundred successful crypto and blockchain projects.
To learn more visit LBankLabs.com.
The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.
This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate.
Inflation in the United States exceeded expectations among analysts and economists for January 2023. The U.S. Labor Department released the Consumer Price Index (CPI) on Feb. 14, which measures the value of goods and services across the country. From December 2022 to January 2023, the rate dropped from 6.5% to 6.4%. However, over the 12-month period, prices rose by 0.5%.
Furthermore, core CPI rose 0.4% over the month and 5.6% from the previous year. According to the U.S. Labor Department, “The index for shelter was the main contributor to the monthly all-items increase, accounting for almost half of the rise, with food, gasoline, and natural gas indexes also contributing.” The latest inflation report has caused concern among investors that U.S. Federal Reserve Chair Jerome Powell will continue to raise rates.
At the last Federal Open Market Committee (FOMC) meeting, the Fed appeared dovish and only raised the federal funds rate by 0.25%. Powell stated that the central bank has been monitoring the “disinflationary process,” but emphasized that it is still early. “There has been an expectation that it will go away quickly and painlessly — and I don’t think that’s at all guaranteed,” said Jerome Powell, the Fed chair, at an event last week.
Following the Labor Department’s CPI report, stocks, precious metals, and cryptocurrencies declined slightly but have since rebounded. As of 9:30 a.m. Eastern time on Tuesday, all four U.S. benchmark stock indexes (DJIA, SPX, COMP, RUT) are in positive territory.
Similarly, the crypto economy is recovering after experiencing some volatility immediately after the CPI was published, and it is up 0.7% today. While silver is down 1.23% at the time of writing, the price of gold per ounce has increased by 0.18% according to the New York Spot Price on Tuesday.
What do you think about the latest inflation report in the U.S.? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
Source From : News