This comes after the complainant alleged that the company went five months without paying their salary before terminating the contract of employment. The court ordered the company to pay the complainant $17,116 and 39,200 of EWT tokes.
The courts "decision supports the payment of salaries in cryptocurrencies, provided both parties agree to this arrangement in the employment contract" said Navandeep Matta

the ruling however does not mean crypto is legalised for salary payments in Dubai
Source: CoinDESK

$SYS $BTC $NULS
#PowellAtJacksonHole

In recent times, both traditional stock markets and the crypto world have been on a wild ride. The stock market, with its familiar blue-chip companies and indices, has seen its fair share of turbulence. Meanwhile, the crypto market—home to Bitcoin, Ethereum, and an ever-growing list of altcoins—has been equally volatile. But are these two seemingly separate universes truly disconnected? Let’s unravel the relationship between their crashes and see what lessons we can glean.
1. The Great Synchronicity: Stock Market and Crypto Correlation
Myth Buster Alert: Bitcoin as an infallible hedge against inflation? Not so fast! The crypto market has been doing a tango with the stock market lately. Picture this: Bitcoin and the S&P 500 holding hands, swaying in sync. In March 2022, their correlation hit a 17-month high, revealing that crypto and stocks often move in lockstep. When the stock market sneezes, crypto catches a cold—or vice versa1.
Takeaway: The once-isolated crypto island is now part of a bigger archipelago. As crypto becomes more mainstream, its fate intertwines with traditional markets.
2. Stablecoins: Not Always Stable
Stablecoins—those supposedly rock-solid digital currencies pegged to real-world assets—aren’t immune to market tremors. Enter Terra (LUNA) and TerraUSD (UST). These tokens, native to the Terra network, were living their best lives until they weren’t. TerraUSD aimed to maintain its dollar peg using fancy algorithms. But when the stock market hiccupped, Terra’s stability plan went haywire. They even added Bitcoin to their reserve for extra cushioning, but alas, it didn’t save them from the crypto avalanche1.
Takeaway: Even stablecoins can wobble when the ground shakes. Trust no one—except maybe your grandma’s secret cookie recipe.
3. The Fear, Uncertainty, and Doubt (FUD) Factor
Remember that weak U.S. job data? It sent shockwaves through both stock and crypto markets. Investors, like startled deer, sprinted for cover. The selling pressure was real. Bitcoin and Ethereum shed value faster than a cat sheds fur in summer. The stock market’s downturn fueled FUD, and the crypto market followed suit. It’s like watching synchronized swimmers panic in unison—graceful yet chaotic2.
Takeaway: Fear spreads faster than a meme on Twitter. Keep your wits about you, fellow investor.
4. The Aftermath: Where Do We Go From Here?
Crypto, my friends, is licking its wounds. The once-booming bull run has turned into a bear’s picnic. But fear not! Every market has its seasons. The sun will rise again, and altcoins will sprout like digital daisies. Just remember: diversify, research, and maybe—just maybe—don’t put all your savings into that new NFT of a dancing cat riding a rocket to the moon3.
Takeaway: HODL tight, stay informed, and don’t let FOMO (Fear of Missing Out) drive your decisions.
Conclusion
So, dear reader, the stock market and crypto market? They’re like estranged cousins who suddenly find themselves at the same family reunion. They exchange awkward glances, then realize they’re more alike than they thought. Whether they’ll hug it out or engage in a thumb war remains to be seen. But one thing’s for sure: the dance continues, and we’re all just trying to keep our balance.
Disclaimer: This article is for entertainment purposes only. Consult a financial advisor before making any investment decisions
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#BTCMarketPanic #RecessionOrDip? #MarketDownturn

Bitcoin has passed the 63k mark. This comes after a bullish run from the market. Market optimism sees it hitting 70k.

Will it hit 70k?

$ADA has dropped of the Top 10 list of crypto currencies by markert cap and has been passed $TRX

I would like to take take this moment and apologise to my foolwers on Square for not being active this week. There were a lot of things happening in the crypto world this week and I failed to deliver them. I send my Apologies.
I was very sick this week but rest assured that next week I will be thumbs in screen.
$SYN $RARE $TON
#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn