The cryptocurrency market has been turbulent for several days. Paul Krugman, a Nobel laureate in economics who has always called himself a “cryptocurrency skeptic” , published an op-ed in the New York Times earlier today (7), saying that cryptocurrencies are a “Scam” and compared it to the housing bubble that ignited the global financial crisis in 2008. …
Nobel economics guru Kluman: Cryptocurrencies are ‘SCAMS’ Read More »
The real inflation problem A prerequisite for a bull market to start is a pause in interest rate hikes by the Federal Reserve and central banks, and keeping the size of their balance sheets unchanged. Under the current rate hike cycle, the CPI has corrected, but the income of ordinary American workers is also decreasing. Since this …
BitMEX founder: Bitcoin has bottomed, but don’t expect a quick rebound Read More »
Terra founder Do Kwon and his company Terraform Labs have relaunched the Terra 2.0 network and built a new blockchain and LUNA token to bring the Terra ecosystem back to life. In response to the LUNA and UST crashes, Changpeng Zhao (CZ), CEO of cryptocurrency exchange leader Binance (CZ), is one of the few industry …
The New York State Senate earlier passed a bill to impose a two-year ban on cryptocurrency mining, becoming the first state in the United States to restrict cryptocurrency mining. In response, Ethereum co-founder Vitalik Buterin tweeted that he personally opposes the government’s ban on Proof of Work (PoW). Last week, the New York State Senate passed …
While European Central Bank (ECB) President Christine Lagarde believes that cryptocurrencies are “worthless” and even stressed that she will never touch cryptocurrencies, her son clearly has a different opinion. Lagarde recently accepted an exclusive interview with the Dutch talk show “College Tour”. When asked by the audience whether she held any cryptocurrencies, she admitted that she did …
For a hundred years, the stock market has been ups and downs, and it has never stopped. Countless cycles have passed through the historical sky like bright shooting stars. Why is there a “cycle”? Why do investors put so much energy into the ongoing battle against market volatility? Because their investment psychology is always influencing the direction …
