As community game testing is underway, our internal team has also been clocking in hours on the mobile release of Red Rock Resistance to make the most of this time finding anything that could hurt or hinder a gamers experience. Thank you for helping us game test!
2️⃣STRATEGIC PLANNING
We have come away from the Token2049 event with a fresh perspective on the web3 landscape and our path ahead within the space. This has lead to many internal discussions about our strategies, moving forward including the release of our token. Stay tuned for future announcements!
As community game testing is underway, our internal team has also been clocking in hours on the mobile release of Red Rock Resistance to make the most of this time finding anything that could hurt or hinder a gamers experience. Thank you for helping us game test!
2️⃣STRATEGIC PLANNING
We have come away from the Token2049 event with a fresh perspective on the web3 landscape and our path ahead within the space. This has lead to many internal discussions about our strategies, moving forward including the release of our token. Stay tuned for future announcements!
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
