virtual currencies

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban

Billionaire Dallas Maverick owner Mark Cuban recently offered his take on the implosion of crypto platform FTX over the weekend. ““He’s someone who runs a business who’s just stupid as fuckin’ greedy.”” — Marc Cuban Cuban, speaking Friday at a conference in Washington, DC organized by Sports Business Journalshared the view that greed was behind …

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Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is showing a fresh batch of data on Thursday, with the overall retail sales figure coming in higher than expected. And a disastrous rail strike can be reversed. But there is little to cheer billionaire investor and hedge fund manager Ray Dalio who, in our …

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit Read More »

Why Is Bitcoin Down? The Selloff Hit Crypto Stocks Coinbase and Marathon, Too.

Text size Bitcoin fell below $22,000 on Friday. The time of dreams Bitcoin fell below $22,000 on Friday, after global equities fell amid uncertainty over the Federal Reserve’s aggressiveness in its efforts to quell inflation with interest rate hikes. Bitcoin, the world’s largest cryptocurrency, was down 8.4% to $21,498 in the past 24 hours, according …

Why Is Bitcoin Down? The Selloff Hit Crypto Stocks Coinbase and Marathon, Too. Read More »