From dire speculation about the possible economic fallout of the military conflict between Taiwan and China, to markets flooded with designer watches in the wake of a crypto crisis, to warnings of worse bear markets and soccer franchises advancing in the ‘scope of metaverse ambitions, there is once again, never a dull moment in the world of cryptocurrency news. Without further ado, here’s your rundown of the week’s hottest stories from Bitcoin.com News.
Reports say Beijing’s attack on Taiwan could lead to ‘far-reaching economic consequences’
While the global economy remains bleak and the war in Ukraine continues, there has been significant tension between China and Taiwan. U.S. Representative Nancy Pelosi of California plans to visit Taiwan this week, and White House officials say China is preparing to carry out “military provocations.” Also, in recent weeks, reports indicate that the global economy could explode if there is a Chinese military attack on Taiwan.
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Renowned investor Jim Rogers warns that 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 to come and that the next one will be “the worst” of his life. Noting that many stocks will drop by 90%, he stressed that investors will lose a lot of money.
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Falling crypts flood the market with Rolex and Patek watches, trading platform says
According to a leading trading platform, recent troubles in the crypto space have led to an increase in the supply of second-hand luxury watches. As a result, prices for models sought after by big brands such as Rolex and Patek have dropped, the company revealed.
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Socios.com will invest 100 million dollars in the FC Barcelona Metaverse Push
Socios.com, a company dedicated to the development of fan engagement cards for sports organizations, has revealed that it will invest $100 million in the digital business of the FC Barcelona soccer team, Barca Studios. The investment will give Socios.com a 24.5% stake in the club’s digital division and will allow it to reshape the division’s metaverse and Web3 strategies to include more revenue streams.
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Tags in this story
Bear Market, China, Crypto Market Fallout, Economic Fallout, FC Barcelona, jim rogers, Metaverse, military, Patek, Pelosi, rolex, Socios, metaverse sports, Taiwan, watches
What do you think about this week’s top stories from Bitcoin.com News? Be sure to let us know in the comments section below.
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