In a bear market, as the prices of various tokens begin to plummet, many investors will exchange some of their crypto assets into stablecoins in order to survive this difficult crypto bear market with smaller losses. However, as the market turmoil continues to intensify recently, the stable currency USDC, which has been shining a while …
Nassim Taleb, a professor at New York University known for his best-selling book “The Black Swan Effect,” used to be optimistic about Bitcoin’s development potential and entered the market, but he has now turned his head sharply, threatening that even if Bitcoin soared to 100,000 during another bull market dollar, it also remains a failure. …
Author of “Black Swan”: Even if it rises to $100,000, Bitcoin is a failure Read More »
In the past six months, although the cryptocurrency market has been slumped under the LUNA crash and interest rate hikes, several companies are facing the risk of bankruptcy. In this regard, Sam Bankman-Fried (SBF), a crypto-rich and co-founder of digital asset exchange FTX, warned that , “There will be a wave of cryptocurrency exchange closures …
Mike Novogratz used to be a veteran traditional hedge fund manager, but his real success came after entering the cryptocurrency industry. As CEO of blockchain investment firm Galaxy Digital, Mike Novogratz has built his reputation and reputation in this field . When the billionaire was asked what he was most interested in, Mike Novogratz was …
After a “massacre”, the cryptocurrency market has rebounded in recent days and is back at the $20,000 mark. Billionaire and Tesla CEO Elon Musk touched on the topic of cryptocurrencies during his appearance at the Qatar Economic Forum on Tuesday. Specifically, during a video chat with Bloomberg News editor-in-chief John Micklethwait on June 21, Musk …
Elon Musk: I didn’t say ‘people should invest in cryptocurrencies’ Read More »
Since the beginning of the year, the cryptocurrency market has suffered a series of tumbles, facing the threat of a wildfire-like bear market. The US cryptocurrency exchange Coinbase announced that it will lay off 1,100 people, accounting for 18% of its staff. It is expected that after this layoff, the actual number of employees will …
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 …
