Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that the Federal Reserve “has no intention of fighting inflation.” He added that the Fed’s “Serial half-point hikes are for getting elevation before stocks and the consumer tap out.” Michael Burry on Inflation and Fed’s Rate Hikes Famous investor and founder of …
Tag archives: Bitcoin
SafeMoon embroiled in further scandal as promoter accused of $12 million fraud
SafeMoon is caught up in further controversy as YouTuber Stephen Findeisen, AKA Coffeezilla makes pump and dump allegations against its former chief marketing officer. Specifically, Findeisen calls out Ben Phillips, a UK-based influencer previously involved with the project in a marketing capacity. Findeisen has carved out a niche for himself in blowing the lid on …
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Tether plans to reduce commercial debt holdings in its reserve, goes live on Kusama
The leading stablecoin issuer, Tether, is looking to further reduce its commercial debt holdings, according to Tether and Bitfinex CTO Paolo Ardonio. “Over time, we will keep reducing the commercial paper, we aren’t finished yet with the reduction.” Ardonio told CryptoSlate during an interview at the Paris Blockchain Week on April 14. In its attestation for …
What determines whether you’ll hang onto your crypto wealth and sanity?
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Japan’s Top Messaging App LINE Launches Marketplace With 40,000 NFTs
Japan’s top social network and messaging app, LINE, has launched a marketplace for non-fungible tokens (NFTs). The new service allows 90 million LINE users to send and exchange NFTs with their friends. ‘LINE NFT’ Marketplace Launched LVC Corp., the operator of LINE’s crypto asset and blockchain businesses, announced Wednesday that it has launched LINE NFT, …
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Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged the government to work out an alternative system for settlements with Moscow’s partners. Chamber …
ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that …
NFT for Arabian Horses to Gallop Soon at the Al Sheikh Stud in Partnership With Finvault
press release PRESS RELEASE. UAE – DUBAI, 14 April 2022: Renowned to be a haven of thoroughbred Arabian horses, the Al Sheikh Stud embarks on a strategic journey to accommodate the growing demand for NFTs in the industry. In alliance with Atria Holdings and Finvault; the Stud farm is revving up its finest line-up of …
AVAX developer Ava Labs looking to raise $350M in new funding round
Ava Labs Inc., the lead developer behind the Avalanche (AVAX) blockchain, is looking to raise $350 million in a funding round at a $5.25 billion valuation, Bloomberg News reported, citing people familiar with the ongoing discussions. If closed, the deal would make Ava Labs one of the world’s most valuable crypto projects. Avalanche is an …
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Major crypto exchanges in India disable fiat deposits amid regulatory uncertainty
Some of the biggest crypto exchanges operating in India have disabled the option to deposit fiat via the United Payments Interface (UPI) amid regulatory uncertainty after its operator denied knowledge of its use by crypto firms, Reuters reported, citing an industry source. The list of exchanges includes Coinbase, CoinSwitch Kuber, and WazirX. Authorities say crypto firms …
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Elon Musk’s $43B bid on Twitter causes DOGE, SHIB to spike
Tesla and SpaceX CEO Elon Musk has made an unsolicited offer to fully acquire social media giant Twitter for a total cash consideration of $43 billion, according to SEC filings. Musk has offered $54.20 per share — representing a 54% premium over the Jan. 28 closing price — to acquire the social media giant. Musk …
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Dallas Cowboys become first NFL team to take the crypto plunge
The Dallas Cowboys have signed a partnership deal with Blockchain.com, which will see the latter serve as its exclusive digital assets platform. Cowboys owner Jerry Jones announced the deal at a press conference on April 13, saying: “We chose to partner with the Cowboys because they represent the most trusted brand in professional sports, they …
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Latin American Bitcoin adoption gathers pace as Brazil makes its move
A comprehensive regulatory framework for Bitcoin (BTC) and cryptocurrency in Brazil is moving closer to reality. Lawmakers will push for draft proposals to be implemented in the first half of 2022. If passed, Brazil will join the growing list of Latin American countries welcoming cryptocurrency at the governmental level. What would this mean for Bitcoin …
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Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving
Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808. Currently, miners have more than 200 exahash per second (EH/s) in computational power dedicated to mining the Bitcoin blockchain as hashrate increased after the difficulty reduction. Additionally, bitcoin miners have …
Biggest Movers: RUNE, ZIL Rebound Following Recent Losses, Trading Nearly 20% Higher
ZIL was up by more than 20% in Thursday’s session, as prices rebounded following a string of recent drops. RUNE was also up by over 15% today, as it hit its highest point so far this week. Overall, the global crypto market cap is up 2.08% as of writing. Zilliqa (ZIL) Following almost two weeks …