Ripple’s USD-backed stablecoin, RLUSD, has been approved by the New York Department of Financial Services, marking a significant turning point for the company. This development, combined with growing XRP Ledger use cases and whale activity, has sparked excitement in the cryptocurrency market. As a result, XRP’s price has seen a 1.32% daily rise and a…
Economy on The Soothsayer / page 8
Thousands of Amazon employees in the United States are set to go on strike during the busy Christmas period after union officials accused the retailer of refusing to enter negotiations for better pay and conditions. The Teamsters union, representing about 10,000 Amazon workers, claims that Amazon has ignored their demands for improved working conditions and…
Lunex Network is rapidly gaining traction in the DeFi industry, with its presale tokens almost sold out and over $5 million raised in a few months. The platform offers smooth cross-chain transactions, low transaction fees, and a profit-sharing scheme that lets token holders receive a portion of the platform’s weekly earnings. With forecasts of up…
The US Federal Reserve has cut interest rates but signaled a slower pace of rate cuts, citing a relatively stable unemployment rate and little recent improvement in inflation. The central bank’s decision reflects a cautious approach to monetary policy, with officials projecting only two quarter-percentage-point rate reductions by the end of 2025. The Fed’s move…
Lightchain AI, a new project, is making waves in the blockchain scene with its innovative technology and real-world applications. The platform combines blockchain technology with artificial intelligence, offering a scalable, intelligent, and versatile solution. With its Memecoin Launchpad, Lightchain AI provides a secure and dynamic environment for creators and developers to innovate and monetize their…
Elon Musk’s social media posts about US voter fraud have sparked concerns in Pennsylvania, a key swing state. Emails obtained by Al Jazeera reveal that Republican officials contacted the top election official in Lebanon County, expressing concerns about overseas voting. The official, Sean Drasher, had his own concerns about the voter registration process, but ultimately…
A new viral altcoin, Lightchain AI, is emerging as the next project with the potential to outpace Solana. Priced at just $0.003 during its presale, Lightchain AI combines blockchain and artificial intelligence (AI) in ways that have analysts and investors buzzing. The project’s unique features, including its Proof of Intelligence consensus mechanism and Artificial Intelligence…
US President-elect Donald Trump has expressed his support for union dockworkers in their fight against automation, citing the distress and harm it causes to American workers. The International Longshoremen’s Association (ILA) and the US Maritime Alliance (USMX) are at an impasse over the use of semi-automated cranes, with the ILA arguing that automation destroys jobs…
Binance Coin (BNB) has emerged as a leading utility token in the cryptocurrency market, providing benefits such as fee discounts and increasing demand through token burns. Its adoption as a means of payment and integration across various platforms within the Binance ecosystem further solidifies its value. However, the emergence of projects like Lightchain AI that…
Donald Trump’s re-election as US President has sent shockwaves through the clean energy sector, with stocks tumbling and investments paused. Trump’s climate scepticism and promise to turbo-charge America’s fossil fuel sector have raised concerns about the future of green energy in the US. The Inflation Reduction Act, a key piece of climate legislation signed by…
