Black Thursday

The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours. 6194 Total views 219 Total shares Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture.As of this writing, the…

A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets. 5902 Total views 69 Total shares A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.While 36% of…

Bitcoin is maturing as an asset. After years of hope from the crypto community, institutional investors are finally taking notice.Adding credence to this growing trend, CME Bitcoin Futures’ open interest is “fast approaching” that of the long-time crypto industry leader, BitMEX.Black Thursday Selloff Has Left BitMEX For DeadAt the start…

Jun 9, 2020 at 11:36 UTCUpdated Jun 9, 2020 at 13:54 UTCCredit: Shutterstock/Svetlana123Bitcoin’s price undulations became the calmest in three months on Tuesday, as volatility revisited levels last seen ahead of the “Black Thursday” crash on March 12. The leading cryptocurrency’s 30-day volatility has now fallen to 40%, the lowest…

Blockchain intelligence firm Chainalysis is peeling back the curtain on privacy coins.Chainalysis announced Monday that its Reactor and Know Your Transaction (KYT) products can now trace zcash and dash, two privacy coins whose technical underpinnings theoretically make their transaction flows difficult for investigators to follow. Both have been delisted by…

William Davidow: COVID-19, Radical Uncertainty, and Survival https://www.linkedin.com/pulse/covid-19-radical-uncertainty-survival-william-davidow/: ‘We live in a radically uncertain world (See recently published Radical Uncertainty by John Kay and Mervyn King). About every ten years something completely unpredictable happens that has a major impact on our lives. The unpredictability makes it extremely difficult to make plans…

Retail buyers helped push the price of Bitcoin back up toward $10,000 after the Black Thursday crash to below $4,000. Low prices proved to be too attractive to pass up, and traders went against the trend.But following the initial storm of buying, retail traders following the trend has led to…

Lucas Jackson/Reuters US stocks erased losses and traded higher on Monday after the Chinese government ordered a halt of American farm imports. The announcement further inflamed US-China trade tensions and paused a key component of the two nations' phase-one trade deal. Markets generally ignored nationwide protests against police brutality staged…

Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the 2008 financial crisis that sent inequality soaring to new heights in this country are still with us, it's become abundantly clear that the economic disaster brought on…

The COVID-19 pandemic has ravaged the economies of countries all around the world and is showing no signs of stopping. The overwhelming response from global governments has been to place their countries under full or partial lockdowns. This has arguably saved many lives, but the economic fallout has been savage.…