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

Michel Bury, a hedge fund manager renowned for predicting the 2008 financial crisis, 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

Logium V1: The Simple Way to Profit From Crypto Betting

Logium, an ambitious newcomer to the world of crypto betting, has recently undergone a noteworthy refresh to better serve its users. What is Logium? Logium is a peer-to-peer platform that allows traders to bet with each other on whether the price

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

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

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

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

NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts

New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being wiped out due to risky bets on unstable assets like

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

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

La Banque centrale chinoise déclare qu'elle accordera la priorité à la stabilisation de la devise après que le yuan a plongé à son plus bas niveau en 14 ans par rapport à l'USD

Moments after the Chinese yuans onshore exchange rate versus the U.S. dollar slumped to 7.2458 per 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

Le géant financier State Street voit une demande constante de crypto de la part des investisseurs institutionnels

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

Le Venezuela parie sur la dédollarisation après l'application de la taxe sur les devises étrangères et la cryptographie

Le gouvernement du Venezuela concentre désormais son action sur la tentative d'établir le bolivar comme monnaie de référence pour les achats dans le pays. Selon plusieurs économistes, this might be a risky bet in a country that has just exited

Signaler: Les prêts secrets de la Fed aux mégabanques en 2020 éclipsé 2008 Renflouements, Spectacles de vidage de données $48 Des milliards de dollars de financement furtif

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