‘Big Short’ Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash
Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its stock holdings in the second quarter, according to the firm’s filing with the U.S. Securities and Exchange Commission (SEC). Burry, famed for forecasting the 2008 financial crisis, has predicted a stock market crash, warning that winter is coming. Michael Burry
Crypto: A Novel Bet When Everything Burns. It Remains When Governments Fail
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BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple’s and SBI Remit’s New Project, No-Deals + More News
Source: AdobeStock / GajusGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Legal newsCrypto custody service provider BitGo said it intends to hold investment manager Galaxy Digital "legally responsible" over the latter’s decision to pull out of the acquisition deal. In
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much
Shiba Inu (SHIB) Retraces After 40% Daily Increase
Shiba Inu (SHIB) has made four attempts at breaking out from a descending resistance line. While all of them have been unsuccessful, the price is gearing up for yet another one. SHIB has been decreasing underneath a descending resistance line since Dec 24. This movement led to a low of $0.00000714 on June 18.
Bitcoin and Ethereum Consolidate Near Key Supports
Bitcoin price may extend losses to USD 23,500.Ethereum might test USD 1,850, XRP is consolidating near USD 0.37.Many altcoins are in red today.Bitcoin price is trading near the USD 24,000 pivot level. BTC is still above the USD 23,500 support zone. It is currently (04:00 UTC) consolidating and might start another increase unless
Bitcoin, Ethereum Technical Analysis: BTC Lower, Following Brief Rally Above $25,000
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000. Bitcoin After a brief stint above $25,000 over
Cyprus Crypto Authorization Gives Revolut Green Light Across Europe
The financial regulatory agency of Cyprus has granted Revolut authorization, enabling the fintech firm to offer crypto services throughout the European Economic Area (EEA). The Cyprus Securities and Exchange Commission (CYSEC) recognized the $33 billion-valued Revolut as a crypto-asset service provider (CASP), making it the first entity to earn one. The digital banking firm
Why Celsius and Voyager Were More Like Uninsured, Quasi-Banks
William D. O'Connell, PhD Candidate, Political Science, the University of Toronto.______There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to
Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode
After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms that can be