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A 50-basis point rate hike isn't only affecting stocks and bonds as the cryptocurrency market is also getting a fair share of downward price pressure amid hot inflation.
It’s a rocky time for Bitcoin, but one crypto trade show celebrates the notable faces of mainstreaming. Elon Musk isn’t...
Billionaire Hedge Fund Manager Ray Dalio Backs Bitcoin Over Traditional Bonds On 5/24/21 at 1:39 PM EDT During the interview with CoinDesk's Chief Content Officer Michael J. Casey, Dalio, the founder of the world's top hedge fund, Bridgewater Associates, spoke about an inflationary scenario, where Bitcoin becomes more attractive for investors as the value of the dollar decreases. "The more we create savings in [Bitcoin], the more you might say, 'I'd rather have Bitcoin than the bond.' Personally, I'd rather have Bitcoin than a bond," Dalio said in the interview with CoinDesk. "And then the ...
As if understanding the NFT art world wasn’t already like descending into Dante’s Inferno, here comes a group of self-proclaimed “tech and art enthusiasts” who are selling a Banksy print as an NFT—but not before they have burned the original. In a video posted yesterday on the Twitter account, BurntBanksy, one member of the group takes a lighter to the 2006 print, titled Morons, which was reportedly purchased for $33,000 at Christie’s in December and came with a Pest Control certificate of authenticity. The print, which features the line, “I can’t believe you morons actually ...
Host On this episode of “Money Reimagined” the discussion comes home for an insider’s look at how new, disruptive technology and government interact. For this discussion, hosts Michael Casey and Sheila Warren of the World Economic Forum are joined by Marvin Ammori, best known for his work on network neutrality and Internet freedom issues. Rounding out the panel is Christopher Giancarlo, former Commodity Futures Trading Commission chairman and founding principal of the Digital Dollar Foundation. “My background is really 20 years of working on the internet,” said Marvin Ammori. “And...