Search Results for: bets

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

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Michael Berry, a hedge fund manager renowned for predicting the 2008 Finanzkrise, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved…

Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury

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The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in a…

Bericht zeigt, dass Bankman-Frieds Alameda Research bereits von finanziellen Problemen geplagt wurde 2018

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Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. jedoch, much of that perception may have been a facade as a recent report details that Alameda suffered…

Der Generalstaatsanwalt von New York fordert den Kongress auf, Kryptowährungen auf Altersvorsorgekonten zu verbieten

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Die New Yorker Generalstaatsanwältin Letitia James hat den Kongress aufgefordert, ein Gesetz zu verabschieden, das Krypto-Investitionen in Rentenkonten verbietet. “Fleißige Amerikaner sollten sich keine Sorgen machen müssen, dass ihre Altersvorsorge durch riskante Wetten auf instabile Vermögenswerte wie z. B. vernichtet wird…

Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears

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Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. Das Unternehmen, which will also open payment and digital account services, plans to attract users to crypto through cashback programs…

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

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Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 pro Dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against…

Financial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors

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Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional…

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

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The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited…

Prüfbericht: Geheime Repo-Darlehen der Fed an Megabanken in 2020 Verfinstert 2008 Rettungsaktionen, Daten-Dump-Shows $48 Billionen an Stealth-Finanzierung

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Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 und 2020, die USA. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March,…