Dec 16th LuckyHash Daily Express

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1. Reddit Files Confidentially for US IPO

Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the U.S. Securities and Exchange Commission. Its biggest investors include Fidelity Investments, Andreessen Horowitz, Sequoia Capital and Tencent Holdings.

2. Federal Reserve: Expect 3 interest-rate hikes in 2022

The Federal Reserve on Wednesday announced that it is accelerating its removal of monetary support for the economy, citing a rise in inflation that has seen the biggest jump in prices nearly 40 years. In a move to cool growth, policy makers also said they expect to hike interest rates three times in 2022.

3. Sotheby’s NFT Sales Reach $100M in 2021

The 277-year old auction house reported that it earned $100 million from NFT sales this year. The auction house held its first NFT auction from April 12 to 14. NFT works from digital artist Pak received $16.8 million from 3,000 buyers. Since then, Sotheby’s has sold the NFT of the original World Wide Web source code for $5.3 million, the rare CryptoPunk NFTs worth $11.8 million, and sold 101 Bored Ape Yacht Club NFTs for $24.4 million, as well as other well-known NFTs. Sotheby's pointed out that more than three-quarters (78%) of NFT bidders came to Sotheby's for the first time, and more than half were under 40 years old.

4. Fed Chair Powell: Stablecoins Are Useful If Regulated, Other Cryptocurrencies Are “Not Backed by Anything”

United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets. Though the Fed chair said that crypto was not a concern for U.S. at the moment, he still described digital currencies used as speculative assets as “risky” and “not backed by anything.”

5. EOSNFundation Announces the 5th Working Group, EOS Ecosystem to Be Compatible with EVM

EOS Network Foundation (ENF) leader Yves La Rose announced on Twitter that the fifth core WG will be EVM+ WG, and emphasized that one of the first tasks of the ENF’s current work is to achieve EVM compatibility. The EOS network will soon achieve interoperability with public chain ecosystems such as Ethereum, and promote the prosperity and development of the EOS ecosystem. The other four WG, who ENF invested 1.1 million US dollars in, were: API+, Wallet+, Core+ and Audit+ WG.