Michael Saylor is perhaps one of the most fervent supporters of Bitcoin on the planet—and that’s saying something, given the almost cultlike community behind the world’s leading cryptocurrency. Saylor, an MIT graduate and the cofounder and CEO of the business intelligence firm MicroStrategy, has become a hero to the Bitcoin faithful ever since his company […]
SINGAPORE — Shares in Asia-Pacific were lower on Wednesday as investors looked ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Hong Kong’s Hang Seng index closed 1.1% lower at 20,869.52. Shares of Chinese tech firms listed in the city fell, with Tencent and Alibaba declining 3.05% and 3.74%, respectively. The Hang […]
Under no pressure to throw investors a bone, Jerome Powell nevertheless did, igniting the biggest stock market rally on the day of a Federal Reserve meeting in a decade. All it took was a few phrases in a day otherwise rife with hawkish pronouncements from a central bank bent on subduing the hottest inflation in […]
For the last year cryptocurrencies have traded increasingly like equities, making the U.S. central bank’s monetary policy one of the most important drivers of the crypto market’s performance. But crypto analysts and traders aren’t expecting market-shaking moves to follow the Federal Reserve’s policy-making meeting Wednesday, largely because the market has anticipated a rate hike of […]
Bitcoin (BTC) may not crash below $30,000 and instead jump to $100,000 before sweeping its lows. That was the opinion of popular trader Credible Crypto, who, on May 2, shared an updated view of how BTC price action might unfold. Trader prepares for lows to be “left untapped” As more and more voices call for a major drawdown in […]
SINGAPORE — Stocks across Asia-Pacific mostly declined on Tuesday, as Australia hiked its interest rate for the first time in more than a decade. Australia’s S&P/ASX 200 declined 0.42% to close at 7,316.20 and the Australian dollar last declined to $0.7090, after jumping to levels around $0.7121 following the hike. Australia’s central bank said Tuesday the cash rate will […]
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You […]
The sudden fall in European shares driven by a brief crash in Nordic markets was caused by a single sell order trade by Citigroup Inc, people familiar with the matter told Reuters. The flash-crash, which caused European shares to suddenly fall on a day of holiday-thinned trading activity, involved an erroneous calculation relating to a […]
“If you … owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Buffett said. “Because what would I do with it? I’ll have to sell it back to you one way or another. It isn’t going to do anything.” He described his views on […]
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You […]
On Saturday, Yuga Labs―the company behind the Bored Apes Yacht Club NFT collection― launched a sale for Otherdeeds, which are NFTs for digital land related to an upcoming “metaverse” gaming project called Otherside. Within hours, the sale turned into a disaster that made the company nearly $300 million but bottlenecked the blockchain and burned nearly […]
Ark Invest says Ethereum investors could see big gains over the next decade. Ark Invest Chief Executive Officer Cathie Wood has never shied away from bold predictions. In 2018, she put a price target on Tesla that implied a $672 billion market cap. Of course, Tesla has since exceeded that valuation by leaps and bounds — but at […]
