Author: Noah Edis

Noah is a Canadian copywriter with interest in technology, AI, VR, and clean-tech. When he's not working, you'll likely find him playing sports or reading.

Investors are still digesting the Fed’s proposal to tighten monetary policy, sending stocks down for the third day. The central bank said Wednesday that it plans to slowly shrink its balance sheet later this year, and signaled that it could raise interest rates again as early as September. The proposal sparked a sell-off in stocks, with the Dow Jones industrial average dropping more than 140 points on Thursday. The S&P 500 climbed down to 0.1%, and the Nasdaq composite also fell 0.1%. Some investors are concerned that the Fed’s plan could lead to higher interest rates and slower economic growth.…

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On Tuesday, blockchain firm Lightning Labs released the Taro protocol, allowing stablecoins and other digital assets to be channeled through the bitcoin monetary network. Currently, the project is in its early phases of development. If made widely available, Taro will allow users to cheaply and quickly send payments anywhere in the world without touching a traditional bank or payment processor. Transactions would be settled in near-real-time and could potentially be cheaper than conventional money transfer services. “What we’re trying to do is build the railroads for a new kind of economy,” said Lightning Labs CEO Elizabeth Stark. The launch of…

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