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Tariffs have a long history in the US – two charts tell that story | Money News

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There’s a chart that’s been doing the rounds in recent weeks – American businessman Marc Andreessen tweeted it, and then it was reposted by Donald Trump himself.

The chart is pretty simple: it shows the proportion of American federal government revenues coming from tariffs, going all the way back to the early days of American independence.

And to glance at, it tells a compelling story. For nearly all of the 19th century, tariffs imposed on goods imported into America provided more than half the government’s revenues.

The president’s interpretation was as follows: “The tariffs, and tariffs alone, created this vast wealth for our country. Then we switched over to income tax. We were never so wealthy as during this period. Tariffs will pay off our debt and, MAKE AMERICA WEALTHY AGAIN!”

Money blog: New tax rises now ‘a good bet’ for 2025

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The first half of his post is quite true. America’s federal economy was largely built on revenues from tariffs. When Alexander Hamilton was designing much of the federal infrastructure, not to mention paying the debts from the War of Independence, he chose to fund it with tariffs and duties on goods imported to the country.

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What are ‘Trumponomics’?

Revenue wasn’t the only reason for the tariffs. They were there, too, to protect the country’s nascent industries. But those tariffs were the main source of income for a long time. What changed? Well, from the late 19th century onwards, the size of the American state expanded. Paying for the Civil War was expensive; funding a growing welfare state and national infrastructure in the following decades likewise.

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But tariffs can only go so far. There is only so high one can lift these fees before they begin to stifle activity, making goods so expensive to import that domestic consumers face economic damage. That brings us back to the data in the chart approvingly cited by the president.

Take the same numbers and divide them by GDP – the total size of the US economy – another way of skinning it (indeed, the way you’d normally look at long-run historical figures like this). Now everything looks somewhat different. You can see that at no point in American history – even in those early days when tariffs were far higher than today and a far more important source of revenues – did the total amount they raised exceed 6% of gross domestic product. This is not accidental.

It was because tariffs couldn’t raise enough to finance the Federal administration that successive administrations began to collect other taxes on American citizens rather than imports, starting with excise taxes and income taxes in the Civil War. Those taxes, collected by the Internal Revenue Service, ballooned in the following decades – as did the size of the state.

Today the American federal budget is orders of magnitude bigger than two centuries ago (albeit still much smaller than those you find in Europe). The new administration has made it an explicit policy to cut back on waste, led in part by Elon Musk and his DOGE (the Department of Government Efficiency, whose name was seemingly chosen in order to fulfil Mr Musk’s ambition to turn everything into a meme). But there are limits to how far one can cut: a superpower with a large military, vast infrastructure networks such as road and rail, not to mention public health and education systems, does not come for free.

Even so, raising revenue is just one purpose of tariffs. They can also be used as a negotiating tool with other countries (indeed, this might well be their main function in the hands of Mr Trump). They can be used to protect domestic industries against competition.

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Whatever the purpose, after decades of relatively free trade around much of the world – most notably America itself – we are living now in an era where tariffs are back. And this story has only just begun.

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We celebrate the Samsung Galaxy S25 launch event with a special episode of our podcast

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An image of the Samsung Galaxy S25 Ultra from a hands-on event

Samsung has just unveiled its new Galaxy S25 series smartphones at its Galaxy Unpacked event, alongside a slew of brand-new AI features coming to its devices, such as the handy Now Brief. You can check out our coverage here at TechRadar.com including our hands-on thoughts with the new Samsung Galaxy S25, Samsung Galaxy S25 Plus, and Samsung Galaxy S25 Ultra, and find out more about everything announced via our Galaxy Unpack event liveblog.

But if you want us to truly unpack everything Samsung just revealed, as well as what we think this event means for Samsung as a whole in 2025, then you’ll need to watch our brand-new Samsung Unpacked January 2025 special episode of the TechRadar podcast.

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Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details

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Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details

Este artículo también está disponible en español.

Cardano (ADA) has been a focal point of the crypto market’s volatility, experiencing sharp price swings over the past week, particularly during the weekend. In just a few days, ADA has dropped over 18%, leading to growing fear and uncertainty among investors. This significant decline has shaken confidence in Cardano’s short-term outlook, with many wondering whether the asset can regain its momentum.

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Despite the market turbulence, top analyst Ali Martinez has offered a more optimistic perspective. Sharing a detailed technical analysis, Martinez suggested that Cardano is poised for a significant move upward once it overcomes a critical resistance level at $1.10. According to Martinez, breaking through this resistance could open the door for ADA to rally toward $1.50, marking a substantial recovery from its recent lows.

As investors weigh their options amid the current volatility, Martinez’s analysis provides a glimmer of hope for those looking for a bullish turnaround. With the broader market showing signs of recovery, all eyes are on Cardano’s ability to reclaim key levels and shift market sentiment. The coming days will be crucial for ADA as it attempts to shake off fear and uncertainty and position itself for a potential rally.

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Cardano Testing Crucial Demand

As the cryptocurrency market continues to grapple with heightened volatility and uncertainty, Cardano has managed to hold its ground above key demand levels. Despite recent turbulence, ADA’s ability to maintain these crucial levels has kept investors cautiously optimistic about its potential for a significant breakout. The price action indicates mounting bullish pressure, with many market participants eagerly awaiting a decisive move.

Top analyst Ali Martinez recently shared a technical analysis on X, highlighting Cardano’s promising setup. According to Martinez, ADA is poised for a rally to $1.50 if it can overcome the critical resistance level at $1.10. This level has proven to be a significant barrier, but a successful breakout would signal renewed momentum and set the stage for a sustained upward trend. Martinez’s analysis provides a beacon of hope for investors seeking confirmation of ADA’s bullish potential.

Cardano price about to rally | Source: Ali Martinez on X
Cardano price about to rally | Source: Ali Martinez on X

However, the outlook is not without risks. If ADA fails to hold its current demand levels, the possibility of a deeper decline looms large. Losing these levels could lead to a wave of selling pressure, testing investor confidence and delaying the anticipated breakout.

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As the market watches closely, Cardano’s next moves will be critical in determining its trajectory. The coming days will reveal whether ADA can capitalize on its resilience and push through resistance or face further consolidation. For now, the balance of risk and reward keeps investors on edge as they anticipate what could be a defining moment for Cardano in the current market cycle.

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ADA Price Action: Key Levels To Watch

Cardano (ADA) is currently trading at $1, following an 18% drop from its $1.16 local high set last Friday. The recent decline has raised concerns among investors as ADA hovers near the critical psychological level of $1. Holding this level is crucial for bulls to regain momentum and prevent further downside in the short term.

ADA testing liquidity above $1 | Source: ADAUSDT chart on TradingView
ADA testing liquidity above $1 | Source: ADAUSDT chart on TradingView

To reclaim bullish momentum, ADA must not only maintain support at the current levels but also push decisively above the $1.11 resistance in the coming days. Breaking through this level would signal renewed strength and could pave the way for a recovery toward higher targets, boosting investor confidence in the process.

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However, the risk of a deeper correction remains if ADA fails to defend the $1 mark. Losing this key psychological support could trigger a wave of selling pressure, potentially resulting in a drop of up to 15% in the short term. Such a move would likely test lower support zones, challenging Cardano’s recent resilience.

Featured image from Dall-E, chart from TradingView.

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Saba loses battle against Herald board in first blow to UK campaign

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US activist Saba Capital has failed in its attempt to overthrow the board of Herald investment trust, dealing the first blow in its campaign against seven UK-listed closed-ended companies.

The majority of shareholders in Herald voted on Wednesday against the US hedge fund’s proposal to replace the trust’s board and install its own candidates, which could have paved the way for Saba to become investment manager.

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More than 65 per cent of votes cast were against Saba’s plans, according to an announcement to the market by Herald. Aside from Saba’s vote in favour, which accounted for nearly 35 per cent, a further 0.15 per cent were in support.

Andrew Joy, chair of Herald Investment Trust, said the result represented “a clear, complete and incontrovertible rebuttal of Saba’s attempt to take control of your company and change its strategy against the wishes and interests of its non-Saba shareholders”.

Joy said shareholders invested in Herald because they wanted to back smaller technology companies over the long term, noting that “they do not wish to be deprived of the opportunity to enjoy more of the same” and “did not invest in Herald to become part of a short-term trading strategy”.

Saba, which is led by activist investor Boaz Weinstein, last month called for shareholder meetings at seven London-listed investment trusts, claiming that their respective boards had not held the managers to account over poor performance.

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The campaign marks one of the biggest-ever shake-ups of the UK’s 150-year-old investment trust industry, which manages £266bn.

Saba’s defeat against Herald’s board comes just a day after the hedge fund agreed to halt its activist battle against 50 BlackRock funds in exchange for a tender offer at two of them.

A large portion of Herald’s shareholders are institutional investors such as wealth managers, with individuals accounting for less than a fifth of the register.

But the investment trust industry has warned that individual investors, who account for a bigger proportion of the other six trusts’ shareholder base, are less engaged with voting than institutions.

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Jonathan Simpson-Dent, chair of Edinburgh Worldwide, another trust targeted by Saba, said “this is just the first battle in a war against seven trusts” and warned that “shareholders cannot be complacent”.

The UK’s financial regulator has contacted investment platforms to ensure retail investors are aware of the upcoming votes.

Saba’s stakes in each of the trusts range from about 19 to 29 per cent and amount to a total of £1.5bn.

Saba said in a statement that it “remains committed to putting shareholders’ interests first, delivering returns for U.K. trust investors and ultimately rehabilitating this broken sector.”

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It added: “We urge shareholders of the six other trusts at which we have requisitioned general meetings to support Saba’s resolutions in order to set these trusts on the path to meaningful value creation.”

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TRUMP Coin’s Biggest Critics Are Crypto Industry Insiders

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Donald J. Trump at a 2016 rally in Hershey, Pennsylvania. (Mark Makela/Getty Images)

Among the most vocal critics of TRUMP, the controversial and wildly popular memecoin launched by Donald Trump on the eve of his 2025 inauguration, are the very crypto enthusiasts he may have hoped to court.

The TRUMP coin, launched on Jan. 17, saw a dramatic price surge, climbing from $7 to an all-time high of $75 within 24 hours before settling at $38. Two days after TRUMP’s debut, MELANIA, a coin endorsed by First Lady Melania Trump, entered the market. Unlike its predecessor, MELANIA has struggled, starting around $7 and plummeting below $4 after a briefly peaking at $14.

While both tokens’ volatile trajectories appear to have minted some overnight millionaires, they have also drawn sharp criticism from industry insiders.

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The potential for conflicts of interest has been a focal point of the backlash, with critics — including members of the U.S. congress — raising concerns that the token could enable individuals to curry favor with the president.

Anthony Scaramucci, a former White House communications director turned crypto advocate, voiced his apprehensions on X (formerly Twitter): “The most perilous aspect of Trump coin for the nation is what follows. Now, anyone globally can effectively deposit money into the bank account of the President of the United States with just a few clicks. Every favor—be it geopolitical, corporate, or personal—is now openly for sale.”

The decision to launch a memecoin has also sparked broader criticism within the crypto industry. While memecoins have become a prominent use-case for blockchain technology, many developers argue they reinforce a get-rich-quick perception that undermines the sector’s credibility.

Gabor Gurbacs, founder of digital asset firm Pointsville, posted on X: “Trump needs to dismiss his crypto advisors, from top to bottom.”

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Nic Carter, a general partner at a crypto investment firm and a vocal Trump supporter, was similarly scathing: “It’s absolutely preposterous that he would do this,” he told Politico. “They’re plumbing new depths of idiocy with the memecoin launch.”

Specific concerns have been raised about the coin’s distribution. 80% of TRUMP tokens are concentrated in a small number of blockchain addresses controlled by CNC Digital, the firm that launched the coin. Such concentration is a hallmark of potential “pump-and-dump” schemes, where insiders inflate a token’s value before selling off their holdings, leaving other investors with losses.

There’s no evidence that Trump’s team plans to “dump” its tokens. Nicolas Vaiman, CEO of blockchain analytics firm Bubblemaps, noted to CoinDesk that the distribution of TRUMP tokens at least matched what was outlined on its official website. Additionally, the insider-held tokens align with prior distributions of Trump’s NFT trading cards, which were also managed by CNC Digital, meaning the tokens may be reserved for the president’s NFT holders.

The same transparency does not apply to MELANIA, however. About 89% of MELANIA tokens are controlled by insiders, according to Bubblemaps. The on-chain supply does not match an official distribution breakdown on the token’s website, which earmarked 35% of tokens for “public distribution” and “community.”

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Vaiman said the First Lady’s memecoin has cast a shadow over the original TRUMP coin: “TRUMP could have been a statement from President Trump saying, ‘I endorse crypto,’” Vaiman said. “Melania launching her tokens feels like they just want to make as much money as they can on this, and then forget about it. It gives this a different flavor.”

This is not the first time the crypto community has questioned Trump’s forays into the industry. In August, Trump and his sons launched World Liberty Financial (WLFI), a platform that promised to develop a lending product. The project drew backlash for pre-selling tokens before delivering any tangible value, and critics were quick to point out the involvement of a former dating coach and memecoin promoter on the WLFI team, as well as the allocation of a percentage of presale proceeds directly to a Trump-controlled company.

The conflict-of-interest potential was also immediately apparent. Tron blockchain-founder Justin Sun recently became WLFI’s largest investor, making a $30 million purchase of the project’s tokens. In an X post on Tuesday, Donald Trump Jr. announced that World Liberty Financial would acquire some of Tron’s TRX tokens for its treasury.

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A Hong Kong-based crypto billionaire, Sun was previously charged with fraud by the Securities and Exchange Commission — a department now under the control of Trump’s White House.

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The US Has Bird Flu Vaccines. Here’s Why You Can’t Get One

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As avian influenza rages through birds and dairy cattle across the United States, Georgia has become the latest state to detect the virus in a commercial poultry flock, and on Friday, it halted all poultry sales to mitigate further spread of the disease. Nationally, egg prices are soaring—if you can find them at all in your local grocery store.

The ongoing outbreak in animals has also led to at least 67 human cases of bird flu, with all but one causing mild illness. Earlier this month, a person in Louisiana died after being hospitalized with severe bird flu in December. It’s the country’s first recorded death attributed to H5N1.

The US has previously licensed three H5N1 vaccines for humans, but they’re not available commercially. The government has purchased millions of doses for the national stockpile in case they’re needed. But even as the outbreak spread, federal health officials under President Joe Biden were hesitant to deploy them. Experts say the decision comes down to risk, and currently, the risk of H5N1 remains low. Rolling out a vaccine to farm workers and others at higher risk of infection would be a more targeted tactic, but even that measure may be premature. Now, with a changeover in federal health leadership imminent as President Donald Trump begins his second term, the decision rests with the new administration.

“At the moment, from the point of view of severity and ease of transmission, it does not seem like an imperative to get a vaccine out to protect humans,” says William Schaffner, a physician and professor of preventive medicine at Vanderbilt University in Tennessee.

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So far, no person-to-person spread of H5N1 has been identified, but health officials are monitoring the virus for any genetic changes that would make transmission among people more likely. Most bird flu infections are related to animal exposures. Of the 67 known human cases in the US, 40 have been linked to sick dairy cattle and 23 are associated with poultry farms and culling operations. In the other four cases, the exact source isn’t known.

In the US, human cases have been mild, with many of them causing only conjunctivitis. In some cases, people have had mild respiratory symptoms. Aside from the Louisiana patient, all the individuals who tested positive for H5N1 recovered quickly and never needed to be hospitalized. Historically though, H5N1 has been fatal in around 50 percent of cases. Since 2003, a total of 954 cases of human H5N1 have been reported to the World Health Organization, and about half of them died. Egypt, Indonesia, Vietnam, Cambodia, and China have reported the highest number of human bird flu deaths.

Those numbers come with a few caveats. For one, many of those deaths occurred in places where people live very close to the sick poultry. “In those circumstances, the thinking is that they likely got a very large dose of the virus,” Schaffner says.

Plus, the case fatality rate—the proportion of infected people who die from the disease—only takes into consideration known cases, and some cases of H5N1 are no doubt going undetected in part because bird flu symptoms are similar to other respiratory viruses. In the US, language barriers among farm workers, lack of testing, and a reluctance among workers to report that they’re sick are also factors. “We probably miss more cases than we detect, and we’re much more likely to detect a case that’s severe,” says Shira Doron, chief infection control officer for Tufts Medicine in Boston and hospital epidemiologist at Tufts Medical Center.

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BlackRock CEO Larry Fink Forecasts $700K Bitcoin Price Amid Inflation Worries

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BlackRock CEO Larry Fink Forecasts $700K Bitcoin Price Amid Inflation Worries

Larry Fink, CEO of BlackRock, recently speculated that Bitcoin could potentially reach valuations as high as $700,000 per BTC. This projection arises against the backdrop of intensifying concerns about currency debasement and global economic instability, positioning Bitcoin as a hedge against vulnerabilities in traditional financial systems. Fink’s remark was not an outright endorsement but rather a reflection on a recent meeting he had with a sovereign wealth fund. The fund sought advice on whether to allocate 2% or 5% of its investment portfolio to Bitcoin. According to Fink, if institutional adoption continues to grow and similar allocation strategies are embraced broadly, market dynamics could drive Bitcoin to such remarkable heights.

Fink made this striking statement during a recent interview, explaining that Bitcoin’s potential for exponential growth is closely tied to fears of economic downturns and fiat currency devaluation. Fink described Bitcoin as an “international instrument” capable of mitigating localized economic fears.

A Message to the Market

With BlackRock managing $11.5 trillion in assets, Fink’s words carry significant weight, sending a clear message to retail and institutional investors alike. His endorsement transcends personal opinion, serving as a market signal about Bitcoin’s potential trajectory. Long heralded as “digital gold,” Bitcoin is seen as a store of value that can protect wealth from inflation and governmental fiscal mismanagement. Fink’s recognition of this narrative could further accelerate its adoption among traditional investors.

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Related: From Laser Eyes to Upside-Down Pics: The New Bitcoin Campaign to Flip Gold

A Timely Forecast

Fink’s prediction comes as global economies grapple with soaring inflation, escalating national debts, and geopolitical tensions that threaten currency stability. Bitcoin, with its fixed supply of 21 million coins and decentralized structure, presents an alternative asset class that is immune to the inflationary pressures inherent in fiat currencies. In this climate, its value proposition becomes increasingly compelling.

BlackRock’s Bitcoin ETF: A Signal of Institutional Interest

BlackRock’s deepening involvement in Bitcoin reached a milestone on January 21, 2025, when the firm purchased $662 million worth of Bitcoin for its exchange-traded fund (ETF), their largest daily purchase so far this year. 

BlackRock’s iShares Bitcoin Trust (IBIT) surpassed the firm’s iShares Gold Trust (IAU) in net assets in October 2024. This milestone was achieved just months after IBIT’s launch in January 2024, highlighting the rapid growth and increasing investor interest in Bitcoin-focused exchange-traded funds.

The Cumulative Bitcoin ETF Flows Chart offers a comprehensive view of the total USD net flows into Bitcoin ETFs over time. Source: Bitcoin Magazine Pro

A Balanced Perspective

While Fink’s projection is undeniably bullish, it remains contingent on the continuation of current economic trends. If global economic stability improves or innovative financial systems emerge to alleviate fears of currency debasement, Bitcoin’s price trajectory may stabilize at a lower level. Nevertheless, Fink’s high-profile commentary underscores its growing role as a legitimate asset class.

Related: David Bailey Forecasts $1M Bitcoin Price During Trump Presidency

Bitcoin’s Next Chapter

Bitcoin’s evolution from a niche digital experiment to a mainstream financial instrument is accelerating. Fink’s remarks may signal a pivotal moment, not just for Bitcoin, but for its broader acceptance in traditional finance. For investors and enthusiasts, this is more than a vote of confidence—it’s a sign that the integration of Bitcoin into the global financial landscape is not only imminent but already underway.

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As the world watches, Bitcoin’s role in redefining finance continues to grow. Fink’s prediction serves as a reminder that Bitcoin is no longer a fringe idea but a crucial player in the future of money.

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AI Is Going to Transform Everything: Cathie Wood

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Ark Invest CEO and CIO Cathie Wood says they have a nice exposure to OpenAI following Trump’s AI announcement which included SoftBank’s Masayoshi Son, Oracle’s Larry Ellison and OpenAI’s Sam Altman. She says there are some “very innovative companies who are going to accelerate this AI age.” (Source: Bloomberg)

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Can ETH Explode to $8,000 in 2025 Bull Run as Whale Interest in Lightchain AI Surges?

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Can ETH Explode to $8,000 in 2025 Bull Run as Whale Interest in Lightchain AI Surges?

As the cryptocurrency market gears up for a potential 2025 bull run, investors are speculating whether Ethereum (ETH) could reach $8,000, a milestone that would mark a significant leap from its current levels.

Meanwhile, Lightchain AI, a rising star in the altcoin space, is attracting substantial attention from whales, signaling its potential to deliver exponential returns.

Ethereum Backbone of Decentralized Finance

Ethereum acts like the basic stage for uncentralized money, letting people make and do smart deals that help direct money swaps without middlemen.

This spread out design makes sure that things are clear, s͏afe, and easy to get to, letting users take part in things like lending borrowing and trading straight on the blockchain. The start of Ethereum 2.0 or Eth2 marked a big step in the platforms growth. This update tries to fix issues with how much it can grow and use energy helping the network’s speed and lasting power.

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As Ethereum 2.0 grows and more upgrades are added, the network is likely to keep its place as a leader in the blockchain world, helping a new time of shared finance, rule, and art.

Lightchain AI Rising Star Whales Are Betting On

While Ethereum continues to dominate the DeFi space, Lightchain AI is making waves as a disruptive force by merging blockchain technology with artificial intelligence.

This innovative platform has already caught the attention of major investors, raising $12 million in its presale with tokens priced at $0.00525.

Lightchain AI stands out with its revolutionary features, integrating AI to enhance real-time data processing and decision-making within decentralized ecosystems. It also tackles scalability issues with high transaction speeds, rivaling networks like Solana, making it an attractive option for developers.

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The influx of whale investments underscores confidence in its potential, with some predicting a 100x return by 2025. Lightchain AI is quickly positioning itself as a leader in the next crypto cycle.

Big Picture – Ethereum and Lightchain AI as Power Players

While Ethereum’s established presence, robust ecosystem, and recent upgrades like the transition to proof-of-stake make it a strong candidate for significant growth, Lightchain AI’s cutting-edge technology, focus on AI-driven blockchain solutions, and growing whale interest position it as an exciting contender for outsized gains.

Lightchain AI’s unique approach to integrating artificial intelligence with blockchain has been drawing attention from both retail and institutional investors, signaling its potential to disrupt the market.

Investors seeking diversification in the 2025 bull run could benefit from considering both ETH and Lightchain AI, balancing the proven stability and scalability of Ethereum with the high-growth potential and innovation offered by Lightchain AI. This combination could provide a strategic edge in capturing gains in a rapidly evolving crypto landscape.

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https://lightchain.ai

https://lightchain.ai/lightchain-whitepaper.pdf

https://x.com/LightchainAI

https://t.me/LightchainProtocol

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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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New survey reports one in 10 game developers have lost their jobs in 2024

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New survey reports one in 10 game developers have lost their jobs in 2024

One in 10 game developers lost their job in 2024. That’s according to the results of the annual Game Developers Conference state of the video game survey. The survey sampled over 3,000 developers and covered a number of topics including industry layoffs and what kind of games developers are working on.

Prolific layoffs have ravaged the industry over the last two years making the question of their impact on developers one of the most important in the survey. In addition to 10 percent of developers losing their jobs, 41 percent of respondents said they had been impacted by layoffs in some way, either by being laid off directly or seeing coworkers or colleagues in other departments let go. The survey also noted that the number of people impacted is potentially much higher because of the students and graduates who reported having a difficult time simply getting a job in the industry at all.

When asked what reason companies gave for layoffs, 22 percent said restructuring while 18 said declining revenue. 19 percent gave no reason at all. Developers, though, have their own ideas about why layoffs keep happening. In an analysis of responses to what developers think the reason behind layoffs is, the majority were general statements about the industry’s over-expansion during the pandemic. Companies acquired workers and studios in hopes of meeting a level of demand for games that dried up as covid restrictions loosened. However, some developers believe the reason for layoffs is much simpler. Companies like Microsoft and Sony still reported growing revenues despite multiple rounds of layoffs and studio closures. It’s no surprise then that 13 percent of respondents attributed layoffs to corporate greed.

In addition to layoffs, the last few years have also seen the failure of a number of high-profile, big-budget, live-service games. While there has been some success in that area with new games like Marvel Rivals, it’s generally tough to launch a live-service game that can compete with the overbearing likes of Fortnite, Roblox, and Call of Duty. 2024 was also the year that Balatro, Animal Well, and Astro Bot dominated headlines and award lists suggesting a greater appetite for those kinds of smaller-scoped, single-player experiences. It’s interesting, and perhaps concerning then, that according to the survey, over 30 percent of AAA developers are working on a live-service game.

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When it asked developers their thoughts on live-service games the survey answered, “One of the biggest issues mentioned was market oversaturation, with many developers noting how tough it is to break through and build a sustainable player base.”

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BlackRock CEO says BTC can hit $700K amid currency debasement fears

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Despite a rally in the US Dollar Index and cooler-than-expected Consumer Price Index data, inflationary fears persist.

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