Blockchain scaling solutions have helped in the mass adoption of the technology as networks increased their processing capacity — Earlier this month, the second largest cryptocurrency, Ethereum’s developers executed the “Merge,” an upgrade that eliminates mining and dramatically reduces the energy consumption of the world’s second-biggest cryptocurrency. This effectively means that the premier smart contract platform has moved from energy-intensive Proof of work (PoW) protocol to a more scalable…

The state of Financial markets & Economies, Weekly Charts, Business Trends & Statistics — September kept up its reputation as the worst month for U.S equities historically, as investors bailed out in the wake of an accelerated sell-off last week. The broad-based selling frenzy capped off a brutal week, as the market has transitioned quickly from worrying about stubbornly high inflation to a sense…

The Red planet is again in the spotlight with oxygen production, organic matter discovery & detailed views by the Webb — NASA’s Perseverance rover has achieved some notable feats as part of its ongoing mission on the red planet. The rover that landed on Mars in February of last year has been busy studying the atmosphere and geology of our planetary neighbor. One of the biggest accomplishments of Perseverance that caught…

Korean engineers have developed a new system that uses infrared lasers to beam power as far as 100 ft (30 m) — There is no doubt that the future is wireless and we are quickly moving towards that reality. While it’s possible to power devices like smartphones, they need to be placed on some kind of surface that is connected to a power source. To do the same at a distance is…

The report suggests that cryptocurrency fundamentals appear healthy despite an ongoing bear market — While the price action in cryptos this year has been a sharp contrast to what we saw in 2021, the latest global crypto adoption index published by Chainalysis suggests that overall adoption in digital assets remains above pre-bull market levels, despite a bear market. This is the third edition of…

Representing 3,311 individuals, the global billionaire population holds $11.8 trillion in wealth & has grown 3% in 2021 — While the pandemic pushed millions more into poverty, the super-rich on the other side of the spectrum have continued to amass wealth. Not only this, but the global billionaire population is also spreading to other parts of the world — moving away from traditional wealth centers. One such example is…

The state of Financial markets & Economies, Weekly Charts, Business Trends & Statistics — S&P 500 posted its worst weekly performance since mid-June after a solid 3.65% gain last week. The selling pressure started on Tuesday after a hotter-than-anticipated consumer price inflation report, with the headline print for August rising 8.3% from a year ago. …

This discovery on a hot gas giant could lead the Webb to measure carbon dioxide in the thinner atmospheres of smaller rocky planets — NASA’s James Webb telescope has already turned in a staggering amount to data from its initial observations of the deep space. As the astronomers sift through tons of data, we are seeing some interesting discoveries via this groundbreaking observatory. …

The state of Financial markets & Economies, Weekly Charts, Business Trends & Statistics — Investors appeared to be bargain-hunting following recent weakness in the U.S market — triggered by the Federal Reserve’s increasingly hawkish remarks. All 11 sectors in the S&P 500 closed in the green for the week, with the consumer discretionary sector standing out as the top gainer. U.S. …