Could a financial crisis end crypto’s bull run?
Blockchain technology doesn’t exist in a vacuum, and the outside world has become a less secure place. Could crypto survive a TradFi collapse?
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Gold, Bitcoin or DeFi: How can investors hedge against inflation?
Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.”The cryptocurrency’s inflation rate has been fixed and…
FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list. 603 Total views 2 Total shares The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake…
Institutional investors still eye crypto despite the FTX collapse
Data sent by crypto exchange Bitstamp shows that institutional registrations in the trading platform increased by 57% in November. 148 Total views 21 Total shares Own this piece of crypto history Collect this article as NFTThe negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors…
Nvidia Pulls Through Crypto Winter — Quarterly Earnings Rise 16%
Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials.The firm’s Second Quarter Fiscal 2020, published on Aug. 16, revealed $2.58 billion in revenue at earnings of $1.24 per share — as compared with $2.2 billion in the preceding quarter.Still 17% down from crypto-driven highsWhile the…
SBF’s lawyers terminate FTX representation due to conflicts of interest
Attorney Martin Flumenbaum believed that Sam Bankman-Fried's "incessant and disruptive tweeting" negatively impacted the reorganization efforts of the lawyers. 39 Total views 1 Total shares Paul, Weiss, the law firm backing FTX CEO Sam Bankman-Fried (SBF) amid bankruptcy, renounced representing the entrepreneur, citing a conflict of interest. The decision to withdraw from representation after SBF’s…
Genesis Mining: If Economic Crisis Deepens Bitcoin Will Shine as the New Gold
Philip Salter, head of operations at Genesis Mining, believes that economic meltdown may lead to a growing value for Bitcoin as a hedge against the banks.In the last couple of weeks, there has been a lot of turmoil in the Bitcoin world. There was a rapid decline in hashrate, followed by an even more precipitous…
Nvidia extends limits on crypto mining to newest gaming graphics cards
The global head of GeForce marketing at Nvidia said that the reduced hash rate "only applies to newly manufactured cards," not to GPUs already purchased. 5242 Total views 18 Total shares Graphics card giant Nvidia said that the hash rate limiter on its RTX 3060 graphics cards would also be introduced in other RTX 30…
Sotheby’s launches on-chain secondary NFT marketplace: Nifty Newsletter, April 26–May 2
In this week’s newsletter, read about Sotheby’s auction house launching a secondary nonfungible token (NFT) marketplace. Find out about the popular marketplace Blur introducing an NFT lending protocol, and learn how a neobank has introduced soulbound NFTs for Know Your Customer (KYC) information. In other news, sellers are dominating the NFT market, and Meta is…