Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the leverage. Michael Burry Warns of Mother of All Crashes Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, shared his view …
Yearly archives: 2021
This Highly Resilient Altcoin Flashing Signs of Bullish Reversal, Says Crypto Analytics Firm Santiment
Crypto insights platform Santiment believes that one of 2021’s top altcoins could be reigniting its boom cycle. In a new tweet, Santiment tells its 70,700 followers that layer 2 Ethereum-scaling solution Polygon (MATIC) is starting to flash bullish signals after the meltdown in May that saw its price collapse over 70% from the all-time high …
Dogecoin Asset of the Year, Says Crypto Exchange CEO – Here’s Why
The 29-year-old billionaire CEO of crypto derivatives exchange FTX considers the meme cryptocurrency Dogecoin (DOGE) the asset of the year. In a new interview on The Jax Jones and Martin Warner Show, Sam Bankman-Fried explains how economic conditions in the past year have pushed retail investors to bet on the Shiba Inu-themed crypto asset. ADVERTISEMENT …
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Crypto-finance company Amber Group valued at $1B following $100M raise
Cryptocurrency investment platform Amber Group has added $100 million to its coffers following a successful Series B fundraiser, bringing its total pre-money valuation to $1 billion — a major milestone for the firm as it enters its fourth year of operations. The cash injection will be used to “expand global operations to meet client demand …
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4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds
In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation. Mutual Fund companies ranked by …
Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub
A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto Investors Following El Salvador passing a bill making …
Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s hashrate is now hovering just above 100 exahash per second …
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely collapse the economy.” Steve Hanke Wants Countries to Adopt Currency …
Ripple Settlement Coming? Legal Expert Reveals When XRP Lawsuit Could Conclude
Crypto legal expert and Ripple supporter Jeremy Hogan is hinting at when the San Francisco-based payments company’s lawsuit with the U.S Securities and Exchange Commission (SEC) may conclude. In a new video, Hogan says that a settlement between Ripple and the SEC is likely to occur after the discovery phase, which is the pre-trial phase …
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Minneapolis Fed President Neel Kashkari calls DOGE a ponzi
Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary at Coinbase, asking his connections about …
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Top 5 cryptocurrencies to watch this week: BTC, ADA, THETA, XMR, AMP
The U.S. Federal Reserve’s plans to advance its timeline for rate hikes to 2023 has led to profit-booking in the U.S. stock market, gold, and Bitcoin (BTC). The markets received a second jolt on June 18 after James Bullard, the president of the United States Federal Reserve Bank of St. Louis, warned th the first rate …
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Crypto Giant Grayscale Exploring Support for Solana, Polygon and 11 Other Altcoins
Crypto investing giant Grayscale is considering adding 13 different altcoins to their holdings to offer as investment products. In a new statement, the crypto titan says it is exploring support for the following cryptocurrencies: ADVERTISEMENT 1inch (1INCH) Bancor (BNT) Curve (CRV) Internet Computer (ICP) Kava (KAVA) Kyber Network (KNC) Loopring (LRC) NEAR (NEAR) Polygon …
This Emerging Altcoin Clearly the Most Ambitious in Entire Crypto Space, Says Macro Guru Raoul Pal
Real Vision founder and noted Bitcoin bull Raoul Pal is sharing his take on what he says is one of the most ambitious projects in the crypto space. Internet Computer (ICP) is a crypto project developed by Swiss-based nonprofit Dfinity. The blockchain project aims to replicate the speed, power, and scale of the internet without …
$71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017
Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime. Roughly $71 billion, or 60 billion euros, worth of cryptocurrencies have passed through Malta since the tiny Mediterranean state first adopted its “blockchain island” strategy in 2017, …
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How smart regulation can improve the future of blockchain
With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow with regulators and innovators coming together. But what will that cooperation …
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