LONDON—Gamification has introduced a new generation of retail investors to financial markets who may not be aware there are few protections in assets like cryptocurrencies, the European Union’s securities watchdog said on Tuesday. Gamification refers to using smartphones to trade, a trend that took off on Wall Street during the COVID-19 pandemic with apps like…
‘Gamification’ in Financial Markets Under Scrutiny, Says EU Watchdog
The Question of Bitcoin
Commentary Talk of Bitcoin’s triumph is premature to say the least. Bitcoin and its cryptocurrency cousins seem always in the headlines. Sometimes the interest is simply because the price has skyrocketed. Sometimes the headlines chronicle a sudden price crash. Either way, there is interest. And sometimes the story under the headline talks of how Bitcoin…
Crypto Outflows Over $200 Million, Bitcoin Over $100 Million For January First Week: CoinShares
Cryptocurrencies suffered a total outflow of value equivalent to $207 million during the first week of the year, according to a report by digital assets hedge fund CoinShares, indicating a persistent bearish outlook that may lead to an ever-heavier loss over the year. This is the fourth straight week of outflows, now totaling $465 million…
Crypto Markets’ Downward Slide Continues, Bitcoin Loses 37 Percent Value
Bitcoin is trading below $43,000, after a significant fall Thursday, in the midst of a broader decline across markets, following the news on Federal reserve tightening monetary policy shifting investors away from riskier assets like stocks and cryptocurrencies. Bitcoin has touched a new low since September, as the world’s largest cryptocurrency with a market capitalization…
Berkshire’s Munger Calls Markets ‘Crazy,’ Harsh on Crypto Investors, Praises Musk: Interview
December 3, 2021
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The current markets are apparently “even crazier” than the dot-com era with overvalued prices and self-centered cryptocurrency investors, said Charlie Munger in a conference call on Friday. Berkshire Hathaway Vice Chairman Charlie Munger, 97, is a polymath and the trusted partner of one of the world’s biggest investors, Warren Buffett. Munger was addressing Australian investors…
Jordan Belfort: Shiba Inu and Dogecoin Have ‘No Value,’ Meme-Coin Creators Should Be Jailed
Jordan Belfort, better known as “The Wolf of Wall Street,” sees no real value behind meme-coins such as Shiba Inu and Dogecoin. What Happened In an interview with British tabloid The Sun, Belfort slammed meme-based cryptocurrencies as “[expletive] coins” that are outright scams. According to him, cryptocurrencies such as Shiba Inu and Dogecoin have “no…
Facebook Owner Meta Relaxes Rules on Cryptocurrency Adverts
December 2, 2021
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Meta, formerly known as Facebook, updated its ad platform criteria for cryptocurrencies on Wednesday, by expanding the number of accepted regulatory licenses from three to 27, citing an increase in regulations as well as the stability achieved in the industry. “Over the years the cryptocurrency landscape has matured and stabilized and experienced an increase in…
Citigroup Sprucing Up Crypto Division With 100 New Hires
Citigroup is going to hire 100 new roles to task its institutional digital assets division that includes blockchain and digital currencies in a push to tap into a sector that has lately been gaining mainstream appeal. The team will be led by Puneet Singhvi, head of blockchain at Citi’s global markets operation. Singhvi will be…
Meme Coins Like Shiba Inu and Dogecoin Have Reached Massive Market Caps Despite Lacking User Utility, Says Charles Hoskinson
Cardano founder Charles Hoskinson says that meme coins including Shiba Inu, Dogecoin, and various other crypto projects should be evaluated time to time based on their vision. He says that various cryptocurrencies have reached market caps of billions of dollars, despite lacking user utility. “Every year, we will see thousands of cryptocurrency-related projects launching around…
Investors Have Lost $12 Billion This Year in DeFi Products and Services: Report
Investors have lost billions of dollars this year due to theft and fraud among criminals targeting decentralized finance (DeFi) products and services, according to new research by Elliptic. The London-based firm, a leader in crypto-asset risk management, released the report titled, “DeFi: Risk, Regulation, and the Rise of DeCrime,” on Thursday. Elliptic found that more than $10…
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