Top bitcoin miners sold everything they produced last month and cashed...
Top bitcoin miners sold more tokens than they produced last month, according to data portal The Miner Mag. Thirteen public miners sold $164 million worth of bitcoin, cashing in on its price rally in October. Miners' bitcoin liquidation-to-production ratio last month was 104%, up from 70% over the summer. Loading Something is loading. Thanks for…
Why Sam Bankman-Fried is facing up to 110 years in prison
Sam Bankman-Fried was found guilty of seven counts of fraud and conspiracy. Insider reporter Jacob Shamsian fills you in on how the former crypto billionaire got here.Read the original article on Business Insider
SBF’s conviction is the final nail in the coffin for crypto...
Sam Bankman-Fried was found guilty of all seven charges against him.He displayed a characteristic lack of self-awareness while testifying.Crypto's future likely lies in regulation and institutions, spelling the end of its Wild West era. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go.…
Billionaire investor Stanley Druckenmiller sounds the alarm on stocks and the...
Stanley Druckenmiller shared his grave concerns about US government debt, stocks, and the economy. The billionaire investor said he's betting heavily on 2-year Treasuries, while shorting 30-year bonds. Druckenmiller said he owns gold but should probably hold some bitcoin too. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized…
Bitcoin rockets to $35,000 for the first time in 17 months...
Bitcoin hit $35,000 on Tuesday, its highest since May 2022, amid hopes of a spot ETF approval. Optimism surrounding the ETF approval has been driving a bitcoin rally, which is up 107% year-to-date. An approval would be a big win for crypto advocates, letting investors into the industry without having to own bitcoin. Loading Something…
‘Rich Dad Poor Dad’ author echoes Warren Buffett’s signature warning against...
Warren Buffett advises against trying to time the market, and recommends holding for the long term. Robert Kiyosaki just recommended a dollar-cost averaging approach aligned with Buffett's strategy. The "Rich Dad Poor Dad" author said he's been amassing gold, silver, bitcoin, and real estate for years. Loading Something is loading. Thanks for signing up! Access…
Bitcoin jumps as ETF hopes drive the token to $30,000
Bitcoin jumped as high as $30,000 on Friday, hovering about 4.5% higher in early trading. The token spiked 10% briefly on Tuesday after a false report said the SEC approved BlackRock's spot bitcoin ETF. Bullishness around a the spot bitcoin ETF is high, with calls growing for the SEC to sign off on a first-ever…
US stocks rise amid diplomatic efforts to ease the Israel-Hamas conflict
US stocks climbed Monday amid diplomacy efforts in the Middle East. Secretary of State Antony Blinken visited Israel Monday, and President Joe Biden is considering a trip. Traders also are watching for earnings from Tesla, Bank of America, and Goldman Sachs this week. Loading Something is loading. Thanks for signing up! Access your favorite topics…
US officials say they’re worried a Chinese-owned bitcoin mine in Wyoming...
A Bitcoin mine in Wyoming is on the radar of Pentagon officials. The mine is connected to multiple Chinese companies and sits across from a Microsoft data center. The company said that its placement near the data center, which supports the Pentagon, was unrelated. Loading Something is loading. Thanks for signing up! Access your favorite topics in…
Legendary investor Jeremy Grantham warns the S&P is likely to crash...
The S&P 500 will likely plunge by 30%, and could be cut in half, Jeremy Grantham says. The bubble expert predicts a recession next year and expects house prices to slump. Grantham also dismissed bitcoin as an "elaborate scam." Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed…
