Day: July 26, 2024

All celebrity tokens on Solana have plummeted in price and been abandoned within a month

Slorg, X user, analyzed the price dynamics of tokens on the Solana blockchain that were launched or promoted by influencers and celebrities in June—from rappers to athletes. Most of them have dropped in price by more than 90% from their peaks, and the associated accounts have either been deleted or abandoned. https://preview.redd.it/ar6ag1ugxwed1.jpg?width=974&format=pjpg&auto=webp&s=0e7c411f217b728a708afe234b70324dbde90695 Some of the best-performing tokens were DADDY by blogger Andrew Tate and MOTHER by performer Iggy Azalea. Their prices fell “only” 75% from their peaks, and their social media accounts still have posts appearing. submitted by /u/FXgram_ [link] [comments]

Events that are supposed to happen no more than once every hundred years happen constantly

This is because many independent things can go wrong, break, or not work as intended. If, in any given year, we have a 1% chance of a new terrible pandemic, a 1% chance of a global depression, a 1% chance of a catastrophic flood, a 1% chance of a political collapse in a major country, and so on, the chances of something bad happening are quite high. The interconnectedness of our modern world amplifies these probabilities. For instance, a political collapse in a major country can trigger economic instability globally, while a pandemic can strain healthcare systems and economies worldwide simultaneously. These overlapping crises create a domino effect, where one event can set off a chain reaction, leading to multiple, seemingly rare events occurring in rapid succession. Moreover, the rapid pace of technological advancement and environmental changes introduces new variables that can disrupt the status quo. The rise of cyber threats, climate change, and the increasing complexity of global supply chains are additional layers of risk that can cause unexpected and severe disruptions. As our world becomes more interconnected and interdependent, the likelihood of facing multiple “once-in-a-century” events grows. In early 20th century Britain, there was a well-known historian and intellectual named Arnold Toynbee. He wrote an important book called “A Study of History,” somewhat like a Yuval Harari of a century ago. He very aptly said that history is just one damn thing after another. submitted by /u/azramata [link] [comments]

FinTech is eating

linas Beliunas: The BIG news 🗞️ After a three-year journey, London-based FinTech giant Revolut has finally secured a UK banking license from the Prudential Regulation Authority (PRA). This milestone marks a significant step in the company’s evolution and its ability to compete with traditional banks in its home market. Let’s take a quick look at this and see why it matters. More on this 👉 We can remember that founded in 2015, Revolut has rapidly grown to serve 45 million customers globally, with 9 million in the UK alone. The company, which started as an e-money institution offering services like checking accounts and foreign currency exchange, can now expand into traditional banking services such as lending and savings products. The license comes with initial restrictions, a common practice for new banks in the UK. Revolut will thus enter a mobilization phase, allowing it to build out its banking infrastructure before fully launching these new services. This process could take up to a year and means the following: Revolut can hold only £50,000 of total customer deposits. Customers will remain with its Financial Conduct Authority-approved e-money entity until a full UK bank launches. But more importantly, this means that the neobank last valued at $33 billion can now offer overdrafts, loans, and savings products to more than 9 million of their consumers in the United Kingdom. submitted by /u/Ankle_be [link] [comments]