Whereas we would have cheered a value of $16,000 per Bitcoin in 2020 and pretty much every year prior, the fact that the biggest cryptocurrency in the world just touched a new year low for 2022 sends the market into a frenzy again. The new yearly bottom was touched as FTX’s demise sends shivers through […]
Binance, the largest crypto platform in the world, reached an agreement last night with Sam Bankman-Fried’s American platform FTX for a takeover during a very eventful day in the cryptosphere. The New York Times called it a ‘megadeal’. Panic had erupted in recent days after it emerged that much of Alameda, FTX’s main company, had invested […]
Something is moving for FTT, the coin of crypto platform FTX founded by Sam Bankman-Fried. After users on social media sites like Twitter and Reddit sounded the alarm over withdrawals that were being paused and messages from the platform stating ‘everything is fine’, some panicked and thought we faced another Celsius-styled collapse. One user even […]
The US government has always feared the moment when China would become so powerful that it could crash the price of an asset simply by dumping it on the open market, leaving capitalism in turmoil. Because of a centralized government which controls most market assets, Beijing could deal with such a disruption far quicker than […]
Although the conditions surrounding the Qatar soccer World Cup aren’t ideal in terms of human rights or the conditions of the immigrants who built the stadiums, you can be pretty sure that the soccer fever will reach a boiling point again in a few weeks. This will be the same in most participating countries. Also, […]
Of course the biggest story of them all was the mass layoff procedure that new Twitter CEO Elon Musk set in motion (combined with a mandated in-office presence as from next Monday) as well as similar redundancies as other tech firms in Silicon Valley. However, the cryptosphere is also being plagued by personnel reform. Looks […]
Meta, the parent company of Instagram and WhatsApp, may be taking hits on the stock market, Instagram itself is still doing very well with the Gen-Z and iG young people who matter. A partnership with the digital currency Arweave caused the value of the latter to rise 50% in one day. Zuckerberg Facebook founder Mark […]
Edward Snowden, the National Security Agency (NSA) whistleblower who became world famous when Oliver Stone made a movie about his ordeals, exchanged insults with Craig Wright, the Australian businessman claiming to be Satoshi Nakamoto, over the true identity of the Bitcoin inventor. Snowden shut the conversation down by reminding Wright he lost a lawsuit over […]
Earlier this week I listened to a Financial Times podcast which pointed out that the banks who lent Elon Musk the capital to purchase Twitter were not too amused. In essence, as the US is readying for a downturn and tech companies will have to make cuts, it will probably take a while before Musk can […]
Dogecoin has been benefiting from the so-called ‘Elon effect’ for a week. After the Tesla boss decided to take over Twitter last week, Dogecoin started one of its well-known bull runs. Four days later, the ultimate memecoin has gone up some 130%. Peter Brandt, the legendary US trader who predicted the previous Dogecoin bullrun, released his […]
