Approximately a quarter of small businesses across nine countries have plans to accept digital currencies as a form of payment in 2022, according to a recent survey of 2,250 small businesses conducted by Visa.
Payments firm Block has officially announced plans to create a new open-source bitcoin mining system. The project aims to increase the performance and reliability of miners, while also producing mining rigs that are easier to find and purchase.
Coinbase announced the acquisition of FairX, a derivatives exchange that is regulated by the CFTC. This move potentially puts Coinbase in a position to compete with CME and offshore platforms that offer crypto derivatives trading.
A selloff in equities on Thursday pushed the major U.S. indexes into negative territory on the week. The Nasdaq Composite fell 2.51%, while the S&P dropped 1.42%.
Mortgage rates have hit their highest level since the onset of the pandemic in March 2020, as the average rate for a 30-year fixed-rate loan hit 3.45%.
Initial unemployment claims rose unexpectedly for a second consecutive week to the highest level in over two months at 230,000 applications. The median estimate was about 15% lower from a Bloomberg survey of economists called.
Shipping firms seeking to avoid delays caused by Covid outbreaks near the Ningbo port in China are redirecting ships to Shanghai, causing congestion at the world’s biggest port.