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Showing posts from January, 2022

FEATURED POST

When Cryptoverse Meets Metaverse

The term 'metaverse' has been creating a buzz in the world in the last few months, Google search analysis shows that the term 'Metaverse' had a search score of less than 1 in 2020 which grew to 99 in 2022.  At the end of 2021 we also witnessed Facebook change its name to Meta , but its not only Facebook that is focused on the metaverse and its infrastructure, a bunch of tech companies are in the race for the metaverse (Nvidia, Unity, Roblox, Snap etc.) A recent report published by Technavio called, 'Metaverse Market in Finance by Component & Geography Forecast and Analysis 2022-2026' stated that the metaverse market will increase by $50.37bn during 2022-2026.  Another research company, Grand View Research , headquartered in San Francisco expects the global metaverse market size to grow by a compound annual growth rate (CAGR) of 39.4 from 2022 to 2030 But what exactly is the metaverse? Wikipedia describes metaverse as follows: 'Metaverse is a hypothetica

Crypto Market Crash & Fed's December Minutes

The recent cryptocurrency crash might have been painful for a lot of investors. Approximately $200 billion was wiped out from the cryptocurrency markets. What caused the crash and what should the investors expect going forward? Until recently the federal reserves believed that the high inflation that we have been experiencing was transitory meaning that it was eventually fade away, however in their recent meeting in December, Jerome Powell, the federal reserve chairman admitted that the inflation is not transitory and we could even see inflation levels higher than expected. This has triggered the federal reserve to think about raising the rates earlier than expected, just last year in March the federal reserve pledged not to raise the rates until 2024. For individuals who do not know why the increase or decrease in rates impact the markets, let me explain. Raising rates means increased cost of borrowing, for individuals who have a housing mortgage or a credit card loan or any sort of l