Fold, a fintech company, has launched the first-ever Bitcoin gift card in partnership with Blackhawk Network. This card allows shoppers to buy Bitcoin as a gift, making gifting an investment opportunity. Users can earn Bitcoin rewards through the Fold app, totaling over $90 million. Recipients can redeem the card through the app, where the Bitcoin value is credited to their account. Fold CEO, Will Reeves, believes this card will make Bitcoin more accessible and appeal to a broader demographic. Despite Bitcoin’s volatility, gifting offers a safe entry point into the asset. This innovative gift card could potentially become the number one gift in America. 1. The stock market saw a significant drop today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 600 points. The decline was attributed to concerns over rising inflation and interest rates.
2. A new study revealed that the COVID-19 vaccine is effective in preventing severe illness and hospitalization in children aged 5-11. The study found that the vaccine reduced the risk of hospitalization by 91% in this age group.
3. The United Nations reported that global carbon dioxide emissions reached a record high in 2021, increasing by 4.8% compared to the previous year. This rise was driven by a rebound in economic activity following the COVID-19 pandemic.
4. The US economy added 431,000 jobs in March, exceeding expectations. The unemployment rate also dropped to 3.6%, the lowest it has been since the start of the pandemic. The job gains were driven by hiring in the leisure and hospitality, healthcare, and professional services sectors.
Read more at 1. “Tech giant Apple reports record-breaking $100 billion in revenue for Q3 2021.” – CNBC
2. “Tesla surpasses $1 trillion market cap, making it the most valuable car maker in the world.” – Wall Street Journal
3. “Amazon announces plans to hire 125,000 employees in the U.S. with average starting wage of $18 per hour.” – Reuters
4. “Federal Reserve raises interest rates by 0.25% to combat rising inflation.” – CBS MarketWatch
5. “Google’s parent company Alphabet posts $65 billion in revenue for Q3 2021, exceeding analyst expectations.” – Barchart: Why Bitcoin Could Be The Holiday Present That Keeps On Giving