Compared to the sheer market rut that tech stocks find themselves in (Netflix, Tesla and many others are down double digit percentages for the year and keep falling), the action seen on the crypto market in the past few days was rather stable. Over in Switzerland, they are now combining gold and bitcoin in a […]
Billionaires buying media platforms, whether they are social or classic, it’s the thing of the 21st century apparently. Jeff Bezos, former CEO of Amazon, bought the Washington Post, Rupert Murdoch, CEO of Fox News, acquired the Wall Street Journal and now there is Elon Musk, CEO of Tesla, buying Twitter. With it, Dogecoin was trending. That […]
The ultimate memecoin Dogecoin started trending and mooning yesterday evening when it became apparent that Elon Musk, the world’s richest man and a major Dogecoin fan, was getting close to a deal to purchase the social media site Twitter. Many Dogecoin enthusiasts believe that Musk will install a tip jar in Dogecoin or at least make the […]
Internal EU documents, published by a German website this weekend show that the European Commission clearly prefers Ethereum over Bitcoin. Over in South America, Bitcoin has become a way of life for many Argentineans eager to escape crippling 50% inflation. EU prefers Ethereum over Bitcoin The European Commission is eager to show it’s 400 or […]
Former Chair of the Federal Reserve (he ruled it in the 1980s) Paul Volcker is credited with having staved off inflation by raising the interest rates of the United States and sending stock markets down. Volcker had been interviewed by former President Jimmy Carter for the job of Federal Reserve Chairman and was asked was […]
Bitcoin followed US stock markets down and started the weekend just below $40k. Meanwhile Wall Street saw a selloff as the Dow Jones had one of it’s worst days of the year. Meanwhile, the interest of global investors in crypto savant Sam Bankman-Fried knows no bounds. Worldwide banking giant Goldman Sachs is now considering partnering […]
On a day where the business media focused on Netflix’s massive 40% fall in stock value, one analyst explained to Yahoo Finance that because of tightening monetary pressures from the Federal Reserve, the European Central Bank and other worldwide central banks, even the biggest cryptocurrency Bitcoin could soon see itself being traded as “an overpriced tech stock.”. […]
After establishing centers in both Dubai and Abu Dhabi, Binance has now opened a customer service centre in Turkey where crypto usage is exploding as Turks are dealing with record inflation and economic hardship. Meanwhile Apecoin soared 50% at a certain point on Wednesday as news of possible Metaverse land offerings for coin holders was […]
Bitcoin and Ether were able to recover from their Monday lows on Tuesday and continued to outperform Wednesday. Even the major stock markets had a not too bad start to the week. However, tech stocks, fintech stocks and, most importantly, crypto stocks have still fallen sharply for the year. Crypto stocks are what Wall Street […]
Global investors were fearful to see where US tech indexes would be going after a long Easter holiday weekend which was plagued by the war in Ukraine and a lockdown in Shanghai. Both geopolitical events could have lasting consequences. An early indication of where stocks were headed could be seen in crypto markets, which fell […]
