February 10, 2022

What to watch today: Stock futures fell, bond yields rise after strong inflation report

What to watch today: Stock futures fell, bond yields rise after strong inflation report

BY THE NUMBERS U.S. stock futures turned lower Thursday after government data showed a stronger-than-expected increase in consumer inflation. The 10-year Treasury yield jumped to 1.98%, around late 2019 highs. Earnings season continues Thursday, the morning after Disney reported strong results, sending the Dow stock up 7% in premarket trading. (CNBC) The Dow Jones Industrial Average and the S&P 500 on Wednesday both posted solid advances …

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McDonald’s files trademarks for McMetaverse restaurants… that deliver

McDonald’s files trademarks for McMetaverse restaurants… that deliver

The golden arches poked fun at crypto investors last month, but the fast-food company has now embraced the metaverse by applying for trademarks of its brand for the virtual world. Iconic American restaurant chain McDonald’s looks like it is preparing to make a move into the metaverse by registering for 10 trademarks in the virtual …

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BILL INTRODUCED TO LET TENNESSEE BUY BITCOIN

BILL INTRODUCED TO LET TENNESSEE BUY BITCOIN

Another bill was introduced on the same day seeking to make Tennessee the U.S.’s top destination for Bitcoin enthusiasts. A bill was introduced in Tennessee to allow the state and municipalities to invest in bitcoin. Another bill introduced the same day seeks to establish a working group to study how Tennessee could become the nation’s …

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Ricardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores

Ricardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores

Ricardo Salinas Pliego, president of the Salinas Group, owner of the Elektra Group stores, hinted at the possibility of the shops selling bitcoin. The executive stated that due to the regulations of the Central Bank of Mexico, his company cannot implement cryptocurrency integration in the Azteca Bank app. However, he did point out that Elektra …

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FLOW Tokens Surge on Beijing 2022 Olympics Winter Games License

FLOW Tokens Surge on Beijing 2022 Olympics Winter Games License

A new play-to-earn mobile game on Flow lets players into the Olympics action from the ongoing Winter Games in Beijing. Flow’s FLOW tokens surged 11% in the past 24 hours as a new, officially licensed mobile game showcasing the ongoing Beijing 2022 Olympics Winter Games was launched on the network this week. As per a …

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Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue

Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue

Since the London Hardfork or EIP-1559 upgrade went live in August 2021, the supply of Ethereum continues to be depleted based on the burning mechanism incorporated. The scarcity on the Ethereum (ETH) network continues going through the roof based on massive outflows from crypto exchanges. Data analytic firm IntoTheBlock confirmed: “In just 38 days of 2022, here are …

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