From worrying speculation about the potential economic fallout from the military conflict between Taiwan and China, to markets flooded with designer watches following a crypto downturn, to warnings of worse bear markets and soccer franchises advancing in the field of metaverse ambitions, there is once again never a dull moment in the world of cryptocurrency news. Without further ado, here is your succinct summary of the hottest stories of the week from Bitcoin.com News.
Reports say Beijing’s attack on Taiwan could have ‘considerable economic consequences’
As the global economy remains sluggish and the war in Ukraine continues, there have been significant tensions between China and Taiwan. US Representative from California Nancy Pelosi plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations”. Additionally, in recent weeks, reports have noted that the global economy could collapse in the event of a Chinese military attack in Taiwan.
Famous investor Jim Rogers warns the ‘worst’ bear market of his life is coming
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are ahead and the next one will be “the worst” of his life. Noting that many stocks will drop 90%, he pointed out that investors will lose a lot of money.
Crypto Slowdown Floods Market With Rolex And Patek Watches, Trading Platform Says
The latest issues in the crypto space have reportedly led to an increase in the supply of second-hand luxury watches, according to a leading trading platform. As a result, prices for sought-after models from top brands like Rolex and Patek have plummeted, the company revealed.
Socios.com will invest $100 million in FC Barcelona’s Metaverse Push
Socios.com, a company dedicated to developing fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of FC Barcelona soccer team Barca Studios. The investment will give Socios.com a 24.5% stake in the club’s digital division and allow it to reshape the division’s metaverse and web3 strategies to include more revenue streams.
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