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Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto
29.4.2022
Archegos levered a small basket of equities to the moon before it imploded - and took big stocks down with it. Similarly overlooked risks in crypto could leave traders holding the bag
US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal Reports
29.4.2022
The Labor Department is scheduled to meet with Fidelity to express concerns
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto
29.4.2022
Goldman Sachs has offered its first Bitcoin-backed loan, showing further signs of increased interest in cryptocurrency from Wall St institutions
Activision Shareholders Approve Xbox Deal, But Wall Street Has Doubts
28.4.2022
Shareholders at Call of Duty and Overwatch 2 publisher Activision Blizzard voted overwhelmingly on Thursday to approve a $69 billion sale to tech giant Microsoft. The deal gives golden parachutes to top execs at Activision, including embattled CEO Bobby Kotick. But despite gaming’s biggest...
While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
25.4.2022
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China’s recent Covid-19 outbreak. As equities floundered on Monday,...
US Dollar Holds Ground Against JPY and CHN While Wall Street Rises
20.4.2022
The global market changes have put the greenback on the right track in the forex market. The USD has outrun several currencies from the Asia-Pacific in the last 24 hours alone. Specifically, the currency’s run against the JPY has been so phenomenal that it is expected to reach the 2002 peak...
Bitcoin climbs above $41K on Wall Street open as gold dives, dollar cements highs
19.4.2022
Bitcoin carves out its own trajectory as Wall Street trading gets underway in the first session after Easter
Bitcoin dives on Wall Street open, DOGE price jumps on Elon Musk's Twitter offer
14.4.2022
Bitcoin's copycat moves leaves traders with few options but to wait monitor equities and hope for a correlation breakdown
Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding
13.4.2022
Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ...
Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?
11.4.2022
Macro, technicals, and uncertainties concerning Terra's LUNA-burning mechanism could push price further down in April
Bolt Acquires Wyre for $1.5 Billion, Firm Aims to ‘Decentralize Commerce’
8.4.2022
On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments...
Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives
31.3.2022
Goldman Sachs completed a novel crypto OTC trade last week, something Acting Comptroller of the Currency Michael Hsu warned may lead to further tail risks
Can Avalanche Win Over Wall Street and 'Degens' Alike?
30.3.2022
At the inaugural Avalanche Summit in Barcelona, Spain, the speedy Ethereum alternative is looking to court users into building on its subnets
Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra's $3B BTC buy-in
22.3.2022
A major new BTC acquisition for Terra's new U.S. dollar stablecoin is getting commentators and the market excited
Bitcoin fails to crack $39K on Wall Street open as markets await Fed inflation decision
15.3.2022
Bitcoin price action begins to show signs of instability as $39,000 provides near-term resistance
‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement
14.3.2022
A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government...
Activision Stock Shenanigans Being Investigated By Justice Department, SEC
9.3.2022
The Wall Street Journal is reporting that three men—Fox co-founder Barry Diller, Reggie Miller-hating socialite Alexander von Furstenberg and music magnate David Geffen—are currently under two separate federal investigations over suspicions insider trading was involved in their purchase of millions...
Data Shows Global Financial Conditions Tightest in 2 Years, Shaky Bond Markets Point to Long-Run Inflation
8.3.2022
At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine war is causing the bleak outlook and reports show strained financial conditions worldwide are currently...
Parents Sue Call Of Duty Maker, Alleging Sexual Harassment Led To Daughter’s Suicide
7.3.2022
Parents of an Activision Blizzard employee who died by suicide on a 2017 work retreat at Disneyland are now suing the Call of Duty publisher alleging workplace sexual harassment contributed to their daughter’s wrongful death. Activision Blizzard had previously dismissed the tragedy as having...
US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’
6.3.2022
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for...