The Bitcoin price has seen a minor rally after yesterday’s speech by US Federal Reserve chairman Jerome Powell. The price rose above $17,000, driven by the statement that smaller rate hikes are likely imminent and could begin in December. Ultimately, analysts see a 50 basis point hike in December almost a lock. The FED was …
US Institutional Investors Flocking Back To Bitcoin – Is The Bottom In? Leggi altro »
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has warned about …
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US Leggi altro »
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also said he “wasn’t running Alameda,” so he “didn’t know exactly what was …
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating customer assets from company funds for …
According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, …
Former FTX CEO Sam Bankman-Fried (SBF) has been talking a lot more since his exchange collapsed a few weeks ago, as he’s spoken at the New York Times Dealbook Summit, sat down with Good Morning America host George Stephanopoulos, and recently conducted an interview with New York Magazine. While doing all of these interviews, SBF …
Despite the Former FTX CEO’s Media Tour Many Unanswered Questions Remain Leggi altro »
ECB President Christine Lagarde declared that inflation “came from nowhere,” yet Bitcoiners know this isn’t really the case. This is an opinion editorial by Federico Rivi, an independent journalist and author of the Bitcoin Train newsletter. We are raising interest rates “because we are fighting inflation. Inflation has come out of practically nothing.” So said …
No, Christine Lagarde, Inflation Did Not “Come From Nowhere” Leggi altro »
Introduction Surprisingly, the first time the term “credit card” was used to describe a card for spending was back in 1887, mentioned several times in the utopian science fiction novel “Looking Backward” by Edward Bellamy. Although, in the beginning, the concept was slightly different from today’s and did not include debt in terms of borrowing …
Powering bitcoin mining operations with landfill waste is the latest trend in sector growth as miners capitalize on wasted and stranded energy resources. Powering bitcoin mining machines with literal garbage is an emerging trend within the mining sector as a crop of new companies focus on harnessing this abundant and otherwise wasted energy resource. Contrary …
Turning Garbage Into Digital Gold: The Rise Of Landfill Bitcoin Mining Leggi altro »
The leverage-fueled mania in crypto is over with yield arbitrage opportunities collapsing. How can companies still offer yield products above risk-free rates? The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis …
Collapsing Crypto Yield Offerings Signal ‘Extreme Duress’ Leggi altro »
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