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Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi
9.3.2023
The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund
FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm
9.3.2023
The agreement requires approval from a Delaware bankruptcy court as failed exchange seeks to raise funds for creditors
Bitcoin Price Prediction as Fed Chair Powell Warns of Higher Than Expected Interest Rates – Will Crypto Prices Crash?
9.3.2023
In the world of cryptocurrency, Bitcoin remains one of the most popular and widely traded assets. Recently, as the Chairman of the US Federal Reserve, Jerome Powell, warned of higher-than-expected interest rates, many investors question whether this will lead to a crash in crypto prices. ...
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Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
9.3.2023
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems....
Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes
8.3.2023
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said....
First Mover Americas: Bitcoin Belted by Rate Fears
8.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Shiba Inu and Cardano Continue to lose interest. Avorak AI next up-and-coming project
7.3.2023
The crypto world was abuzz in 2021 with the rise of Cardano (ADA) and Shiba Inu (SHIB) coins. Both coins saw a massive surge and reached all-time highs in the second half of 2021. However, investors are now losing interest in these two coins as prices declined for 2022 and are still struggling...
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
7.3.2023
While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such...
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand
5.3.2023
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that...
What is the time value of money (TVM)?
4.3.2023
Understanding the time value of money is essential for making sound financial decisions and maximizing returns on investment
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
3.3.2023
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long...
How do the Fed’s interest rates impact the crypto market?
3.3.2023
Cointelegraph analyst and writer Marcel Pechman explains how the U.S. Federal Reserve’s interest rates impact the crypto market
Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk
3.3.2023
Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar
Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership
2.3.2023
On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer...
US Treasury-led CBDC Working Group looking at technical issues, national interest
2.3.2023
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar
Open-Source Protocol Ren Token Surges 18% Amid Rising Interest in Multichain Projects
1.3.2023
In November, following the protocol's loss of funding from Alameda, Ren accelerated its shift from Ren 1.0 to a more efficient, secure version
France on the verge of passing stringent crypto firm licensing laws
1.3.2023
The bill was passed with a vote of 109 in favor and 71 against and will now rely on the approval of president Emmanuel Macron to be signed into law
Economist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’
1.3.2023
Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the towel on its inflation fight to confront “something it fears even more, which is a complete economic collapse, another financial crisis, or a sovereign debt crisis.” He stressed, “The...
STX Perpetual Futures Open Interest Doubles to $80M as Traders Take Shorts
27.2.2023
I suspect traders are betting that there isn't a follow-up to Bitcoin NFTs and this is more of a flash in the pan, one analyst said
Billionaire ‘Bond King’ Jeffrey Gundlach Warns of ‘Painful Outcomes’ in Next Recession
27.2.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: “The more you try to reduce the severity of problems...