Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’ While the headlines talk about the Federal Reserve’s…
Bitcoin (BTC) has been struggling to sustain above $30,800 since May 16, suggesting that demand dries up at higher levels. Similarly, US equity markets have not ceased to decline due to uncertainty regarding the number of rate hikes that will be needed to bring inflation under control. As the crypto bear market deepens, analysts are becoming extra bearish on their…
JPMorgan has placed Bitcoin’s (BTC) fair price at $38,000, which is 28% higher than its current level of around $29,500, according to a note to clients the bank issued Wednesday. “The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally,” the note said.…
Umbrel continues to onboard awesome projects to their platform — most recently an application called “Uptime Kuma.” Self-described as “a fancy self-hosted monitoring tool,” Uptime Kuma is a project by Louis Lam that endeavors to ship a self-hosted version of “Uptime Robot.” For those of you who have started home mining and wish to set up a self-hosted solution to…
In the past year, the publicly traded fantasy sports and sports betting company DraftKings has gone hard on crypto—specifically NFTs. In July, DraftKings launched an NFT marketplace that is the exclusive home of NFTs from Tom Brady’s platform Autograph. The company also offered a CryptoPunk NFT as the prize for a fantasy contest, and in June the company’s three co-founders…
Bitcoin (BTC) price has been unable to close above $32,000 for the past fifteen days and is currently down 37% year-to-date. Although that might seem excessive, it does not stand out among some of the largest U.S.-listed tech companies which have also sustained notable losses recently. In this same 15-day period, Shopify Inc. (SHOP) stock dropped 76%, Snap Inc. (SNAP)…
“Love, Death + Robots” has returned to Netflix for a third season—with the help of an NFT scavenger hunt. According to the show’s website, the scavenger hunt was created in partnership with Web3 studio Feature and includes nine pieces of QR-Coded digital artwork in various mediums, including billboards, videos, and episodes of the sci-fi series. A non-fungible token, or NFT,…
Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheim Chief Investment Officer Scott Minerd. This is not the first time he has made a bearish call, and he has, in the past, made bullish calls as well. However, Minerd’s more recent calls have occurred just before major reversals. Scott Minerd…
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar. While Cryptos Are Down From the ATHs, 2020 Holders Are Still in the Green…
In brief Solana NFT sales generated more money than Ethereum NFTs during a 24-hour span, per data from CryptoSlam. The newly-launched Trippin’ Ape Tribe project on Solana is leading all NFT projects in trading volume over the past day. The tides are shifting in the NFT space of late. The high-value Ethereum NFT market has seen sinking trading volume the…
