Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset …
Monthly archives: May 2022
Why did LUNA hit zero – What Happened to Terra (LUNA)
This May, the world of crypto witnessed one of its biggest crashes ever. LUNA, the Terra native token, crashed to almost zero. The crash was of a huge magnitude and managed to wipe more than $40 Billion of investors’ wealth in a matter of days. The crash resulted from the ill performance of the algorithmic …
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Bitcoin (BTC) At $29,000, How Long Will The Consolidation Continue?
Bitcoin remained consolidated over the last 24 hours, altcoins however, have dipped on their charts. Over the last week, the king-coin continued to register lateral price movements on the charts. Ever since November, 2021, price of Bitcoin has consistently moved on the downside. On the longer time frame, Bitcoin has continued to show signs of …
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High Probability Rallies in Sight for Solana and One More Ethereum Rival, According to Top Analyst
A popular crypto strategist says that rallies are on the horizon for two Ethereum (ETH) challengers, including Solana (SOL). Pseudonymous crypto analyst Pentoshi tells his 556,200 Twitter followers that he believes Solana is poised for a rally as traders get overly bearish on the smart contract platform while it hovers at a key support level. …
Has the trilemma been solved by new Polygon backed layer 1 blockchain?
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Partisia is a Layer 1 network claiming to solve the Blockchain Trilemma with ZK privacy, sharding for scalability, and an MPC collateralized bridge. Unlike other blockchains, the network offers native layer-1 and layer-2 solutions; there is no need for an external …
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Zilliqa releases SDK for Unity to onboard developers to Metapolis metaverse
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Zilliqa’s Head of Gaming Technology, Valentin Cobelea, is spearheading the launch of Zilliqia SDKs to connect game developers with web3. The first initiative will allow Unity 3D developers to connect with the Zilliqa blockchain via a UnitySDK. Zilliqa aims to create …
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Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist
Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,” the economist stressed. Mohamed El-Erian on Inflation, Recession, and the U.S. Economy Economist …
Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes …
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Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million
A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher today, to a …
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Biggest Crypto Gainers Today – Chiba Inu (CHIBA)
We list and review some of the top crypto gainers today including new meme coin Chiba Inu (CHIBA), up 300% in the past 24 hours. Top 10 Crypto Gainers Today 1. CHIBA INU According to Coinmarketcap Chiba Inu is a decentralized financial payment network that uses blockchain to rebuild the traditional payment stack. To promote …
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Top Crypto Analyst Gives Three Massive Price Targets for Bitcoin (BTC) in Year 2030
The host of InvestAnswers is envisioning three possible price points for Bitcoin (BTC) in the year 2030 as the top crypto asset by market cap struggles to reclaim the $30,000 mark. In a new video update, the analyst tells his 439,000 YouTube subscribers that his “bear case” for Bitcoin in 2030 is $576,000, which is …
Crypto Exchange Binance To Tighten KYC Controls and Sanctions Enforcement With New Tech Partnerships
Global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer (KYC) controls and enforcement of sanctions. According to a new press release, Binance is teaming up with data analytics and security company Kharon and screening provider Neterium to prevent illegal activities by bad actors and sanctioned entities. “Through this …
Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE
After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%. However, Bitcoin (BTC) has not been able to replicate the performance of the United States equities markets and is threatening to paint a red candle for the ninth week in a row. A positive sign …
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Bitcoin Price Prediction for Today May 28: BTC Price Is Stuck below $29.5K
Bitcoin Fluctuates in a Tight Range as It Is Stuck below $29.5K – May 28, 2022 Today, Bitcoin’s (BTC) price makes an upward move as it is stuck below $29.5K. The upward move will depend on the bulls breaking above the 21-day line SMA. The selling pressure will resume if BTC/USD turns from the 21-day …
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Ethereum Gas Fees Dropping to Extremely Low Levels, According to Analytics Firm – Here’s What It Means
A prominent market intelligence firm says that Ethereum’s (ETH) gas fees have dropped to levels not seen since the crypto markets collapsed in May of 2021. In a new report, Santiment says that the depressed gas fees on Ethereum suggests that interest in using the leading smart contract platform have significantly declined. “Ethereum fees are …