This episode is sponsored by Nexo, Abra and FTX US.Download this episodeOn “The Breakdown’s” first episode of the new year, NLW looks at the most important power shifts that he’s watching this year, including:Fed vs. stock marketU.S. midterm electionsStablecoins vs. CBDCsChina and Russia vs. the dollarBitcoin vs. fiatIMF vs. El SalvadorBitcoin DeFi vs. other DeFiDeFi vs. … [Read more...] about 12 Big-Picture Power Shifts to Watch in 2022
Shifts
Square rebrands to Block as focus shifts to blockchain
Digital payments company Square announced that it has changed its company name to Block, seemingly in a shift towards blockchain technology.In a Wednesday tweet, Square said the rebrand will bring the payments firm together with Cash App, the decentralized Bitcoin (BTC) exchange project tbDEX, and music and video streaming platform Tidal. An accompanying news release said that … [Read more...] about Square rebrands to Block as focus shifts to blockchain
Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears
Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for 2 interest rate hikes in 2023.Bitcoin (BTC) price extended its losses shortly after Federal Reserve Chair Jerome Powell announced that the Fed would move forward its timeline and schedule two interest rate hikes in 2023. Bitcoin price … [Read more...] about Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears