The CEO of global investment bank Goldman Sachs, David Solomon, sees a good chance of a U.S. recession. He stressed that the “environment heading into 2023 is one that you’ve got to be cautious and prepared for.” Goldman Sachs CEO Warns About U.S. Recession, Advises Investors to Be Cautious Goldman Sachs CEO David Solomon warned …
Monthly archives: October 2022
Renowned Investor Jim Rogers Warns of the Worst Recession in His Lifetime
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get much worse, adding that this recession will be the worst in his lifetime. “We are probably going to have one last rally but that will be it,” he predicted. “Then we are coming to the …
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While Everyone Is Trying to Build a Super App Blockbank Has Done It
press release PRESS RELEASE. “Creating a neobanking super-app for crypto and digital assets has been blockbank’s ultimate vision since its inception. Throughout this past year, we have listened to our growing user base, acquired global licenses, and built one of the most technologically advanced pieces of software in this space,” said Anastasija Plotnikova, the CEO …
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Ethereum Alarm Clock exploit leads to $260K in stolen gas fees so far
A bug in the smart contract code for the Ethereum Alarm Clock service has reportedly been exploited, with nearly $260,000 said to have been swiped from the protocol so far. The Ethereum Alarm Clock enables users to schedule future transactions by pre-determining the receiver address, sent amount, and desired time of transaction. Users must have …
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Bitcoin miners scramble for cash as profits dry up and cryptocurrency markets fall
Bitcoin mining companies are increasingly selling equity, one of the least appealing ways to raise funds as profits dry up and borrowing becomes more expensive due to higher interest rates. In July, Core Scientific Inc., one of the largest publicly traded Bitcoin miners in the United States, entered into a $100 million common stock purchase …
Bitcoin Price Consolidates, Can Move To The Closest Support Line Soon
Bitcoin price has been trading sideways, struggling to break past its immediate resistance level. Over the last 24 hours, Bitcoin fell by 1%, confirming sideways trading. In the last week, BTC has barely made any progress with its price. If the coin continues to stick around the same price level, it could soon be a …
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Ethereum Mimics Bitcoin As The Bulls And Bears Tussle; Who Will Come Top?
ETH’s price struggles to break above key resistance as the price continues to trade in a range mimicking the price of Bitcoin. ETH continues to struggle as price trades close to the demand zone. The price of ETH continues to look indecisive as price trades below 50 and 200 Exponential Moving Average (EMA) on the …
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Bitcoin Correlation With Macro Remains Strong, Despite Stability
The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equities market very closely. There were forecasts that the cryptocurrency would begin to decouple from the macro market as time went …
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Elrond And Aptos Take Over Crypto Market, Negative Consequences For Top Coins?
Elrond (EGLD) and Aptos (APT) are attractive in a sideways market as they record extreme price fluctuations. This price action is attracting market participants tired of Bitcoin and Ethereum trending sideways, chopping out long and short positions. Launched a day ago in most crypto exchanges, Aptos experiences massive price fluctuations. At the time of writing, …
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Dogecoin Price Continues To Consolidate But A Move Above This Level Could Fuel A Rally
Dogecoin price has continued to consolidate. However, the coin showed signs of recovery on its one-day chart. Over the last 24 hours, the coin hasn’t made much progress. In the past week, Dogecoin price just moved up by 0.4%, which indicates that the coin is still in a consolidated price range. The technical outlook for …
Ripple Unveils New NFT Projects Set To Benefit From $250,000,000 Web3 Creator Fund
Payments firm Ripple has revealed the second batch of creators that will get a share of its $250 million Creator Fund, which was launched to promote non-fungible token (NFT) projects on the XRP Ledger (XRPL). The San Francisco-based company says that the new set of creators that will benefit from the fund are those that …
Bankrupt Crypto Lending Platform Celsius Faces Federal Investigation, According to Court Documents
New court documents reveal that bankrupt crypto lending platform Celsius is facing a federal investigation as well as inquiries in 40 US states. According to a recent filing, Celsius faces a “significant” number of investigations by government entities and could face charges and fines for allegedly mismanaging customer funds. Says the filing, “The number and …
CoinShares Head of Research Says One Catalyst Could Spark Bullish Turnaround for Bitcoin (BTC)
A top executive from digital asset manager CoinShares says one catalyst has the potential to trigger a bullish turnaround for Bitcoin (BTC) and crypto markets. In a new interview with Scott Melker, CoinShares’ head of research James Butterfill says the US dollar is likely overvalued, and that a shift in trend for the USD could …
BoE policy talk: DeFi had better implement good governance before it’s too late
The lack of regulation and good governance in the crypto sector is more than a hindrance to businesses and lack of protection for users, it is an existential threat, Bank of England Financial Policy Committee external member Carolyn Wilkins said in a talk on Oct. 19. Decentralized finance (DeFi) would be a good place to …
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Celestia Foundation raises $55M for modular blockchain architecture
Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta Steiner. Celestia is building a …
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