Bitcoin has now fallen for seven straight weeks, its longest losing streak since August 2011, when few even knew what cryptocurrency was.
Onshoring (moving manufacturing back home), renationalization and regionalization have become the latest trends for companies, deglobalization if you will.
Hardcore DeFi believers haven’t completely given up on algorithmic stablecoins, despite the spectacular crash of TerraUSD and its sister token LUNA.
Although cash is being whittled away by inflation, perhaps sitting on the sidelines for now may not be the worst thing to do.
Billionaire hedge fund manager Mike Novogratz cautions investors for calling a bottom to cryptocurrencies and to scale down carefully.
Simply too many variables for accurate prediction on central bank policy, inflation, invasion and the effect of China’s zero-Covid policy.
Gen Z entering the workforce facing higher living costs and real estate prices with fewer options and thin asset balance sheets.
Tether, the company that issues the supposedly backed dollar-based stablecoin USDT, claims that it had reduced the amount of commercial paper in the reserve backing its USD$74 billion token.
As zero-Covid hammers the Chinese economy, Beijing is increasingly realizing that it can’t just talk a good game, but has to put some real numbers behind the message, it’s pumping…
According to U.S. Labor Department data released yesterday, initial unemployment claims soared by 21,000 to 218,000, or about 9% above the median Bloomberg survey of economists’ estimate of 200,000.