Jeremy Grantham, the co-founder of the Boston-based asset management firm Grantham, Mayo, & van Otterloo (GMO) believes Standard and Poor’s 500 (S&P 500) could drop another 26% during the next 12 months, according to statements the veteran investor made last week. The GMO co-founder detailed his bearish sentiment by mentioning he’s shorting junk bonds and the Nasdaq Composite as well.…
On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline which appears to have resistance at $23,000. BTC/USDT 1-day chart. Source: TradingView Perhaps BTC and the wider market are turning bullish ahead of the Ethereum Merge which is scheduled…
Nikhil Wahi, who was arrested for allegedly working with his brother and an associate on a scheme to commit insider trading using crypto, has reportedly entered a guilty plea for wire fraud conspiracy charges. According to a Monday report from Reuters, Wahi admitted to authorities during a virtual hearing that he used confidential information obtained from Coinbase to make profits…
The value of Ravencoin is up over 85% over the last seven days in the final run-up to the Ethereum merge, according to data from CoinGecko. The pump in price comes as cryptocurrency exchange FTX announced the listing of Ravencoin perpetual futures today. Ravencoin activity had already increased recently as proof-of-work miners sought alternatives, as mining Ethereum will soon no…
Proponents paint Bitcoin (BTC) and other cryptocurrencies as antidotes to totalitarian governments and central banks. Simultaneously, international corporations and startups alike have designed blockchain platforms and products that could be used on behalf of totalitarian governments and central banks. Microsoft body activity data One example is Microsoft, which applied for a patent for a cryptocurrency system using body activity data.…
Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pleaded guilty in a Monday hearing to one count of conspiracy to commit wire fraud in connection with an alleged insider trading scheme. “Less than two months after he was charged, Nikhil Wahi admitted in court today that he traded in crypto assets based on Coinbase’s confidential business information to…
The 13% gains in the six days leading to Sept. 12 brought the total crypto market capitalization closer to $1.1 trillion, but this was not enough to break the descending trend. As a result, the overall trend for the past 55 days has been bearish, with the latest support test on Sept. 7 at a $950 billion total market cap.…
Last week regulators worried about the “de-integration” of financial sector and global energy consumption — all because of crypto. Source: https://cointelegraph.com/news/law-decoded-sept-5-12-the-pressure-is-growing-in-the-us
Fidelity Investments is considering allowing individual investors to buy bitcoin.Investors would be able to purchase the asset through the company’s online brokerage. Fidelity has over 34 million individual investors on its platform. Fidelity Investments is reportedly considering allowing individual investors to invest in bitcoin on its brokerage platform, per a report from the Wall Street Journal. The pro-bitcoin financial institution…
The GameFi sector remains a leading force in the blockchain and crypto space despite the ongoing downturn in the crypto market. Recent numbers from DappRadar revealed that web3 games and metaverse projects have raised $748 million in funds last month. This was up 135% from July, but is still a decline of 16% compared with June. Blockchain gaming collected $3.1…
