From ominous speculation about the potential financial fallout of a military conflict between Taiwan and China, to markets being flooded with designer watches in the aftermath of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing ahead in the realm of metaverse ambitions, there is never a dull moment on the planet of cryptocurrency information. Without further ado, here is your bite-sized digest of the week’s top stories from Bitcoin.com News.
According to reports, Beijing’s attack on Taiwan could result in ‘extensive financial penalties.’
While the global economy remains bleak and the conflict in Ukraine continues, there has been significant tension between China and Taiwan. Nancy Pelosi, a California congresswoman, plans to visit Taiwan this week, and White House officials say China is bracing for “army provocations.” Furthermore, reports in recent weeks have indicated that a Chinese military assault on Taiwan could cause the global economy to crash.
Famous investor Jim Rogers warns that the “worst” bear market in his lifetime is on the way.
Jim Rogers, co-founder of the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are on the way, and that the next one will most likely be “the worst” in his lifetime. Noting that many stocks will fall by 90 percent, he predicts that traders will lose a lot of money.
According to a buying and selling platform, the cryptocurrency downturn floods the market with Rolex and Patek watches.
According to a leading buying and selling platform, the most recent crypto-related issues have allegedly resulted in an increased supply of used luxury watches. As a result, the prices of well-known brands such as Rolex and Patek Philippe have decreased, according to the company.
Socios.com is investing $100 million in the FC Barcelona Metaverse Push.
Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has announced that it will invest $100 million in FC Barcelona’s digital venture, Barca Studios. The investment will give Socios.com a 24.5 percent stake in the membership’s digital division, allowing it to reshape the metaverse and Web3 systems to include additional revenue streams.
This story’s tags
Bear Market, China, crypto market downturn, Financial Fallout, FC Barcelona, Jim Rogers, Metaverse, army, Patek, Pelosi, rolex, Socios, sporting events Taiwan, metaverse, watches
What are your thoughts on this week’s top Bitcoin.com News stories? Please let us know in the comments section below.
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to cryptocurrency. We make it simple for anyone to buy, spend, trade, invest, earn, and stay up to date on cryptocurrency and the future of finance by providing accessible educational materials, timely and targeted information, and intuitive self-custodial merchandise.
Images courtesy of Shutterstock, Pixabay, and Wikimedia Commons.
Disclaimer: This text is solely for informational purposes. It is not a direct offer or solicitation of a suggestion to buy or sell, nor is it a recommendation or endorsement of any products, services, or businesses. Bitcoin.com does not provide financial, tax, legal, or accounting advice. Neither the company nor the writer is liable, directly or indirectly, for any harm or loss caused or alleged to be caused by or in connection with the use of or reliance on any of the content, products, or services mentioned in this article.