'Substantial Slowdown' Looms Over US Economy Next Year, Goldman Chief Economist Warns
Goldman Sachs Chief Economist Jan Hatzius forecasts a substantial slowdown in 2022. His contention is that supply chain bottlenecks and inflation would drag the economy down in addition to the dissipation of pent-up demand.
Coinbase's Entry Into The NFT Market Threatens OpenSea's Near Monopoly And Dominance
OpenSea is currently the largest marketplace for NFT trading but the new challenger brings its humungous user base and its one-stop shop offering for everything crypto.
US In 'Shipping Armageddon' But Buttigieg Gives It A Pro-Biden Spin
With the U.S. is in the midst of what a Uber executive termed a 'Shipping Armageddon,' Pete Buttigieg is spinning the narrative that the crisis is because of the increased demand due to Biden's success in steering the economy out of the pandemic-induced recession.
Crypto Could Cause Global Financial Crisis Of 2008-Levels, Bank Of England Official Warns
As the crypto market explodes in value, regulators worldwide are worried about a 2008 like global financial implosion. The latest being a Bank of England official, who likened the unregulated, interconnected, and leveraged crypto market to the subprime market before the Great Recession of 2008.
Which Cryptocurrency To Bet On? Here's Why Billionaire Investor Mark Cuban Recommends Ethereum
For one, Cuban picked Ethereum as the best among the lot, and the main reason for his choice is that Ethereum has embedded "smart contracts" in its blockchain.
IMF Warns Of Looming 'Sizable' Stock Selloffs, Steep Declines In Home Prices
The IMF warned of risks from the withdrawal of pandemic-era ultra easy money policies, and predicted sizeable market corrections and decline in housing prices
Coinbase Co-Founder Fred Ehrsam's Paradigm Aims Big With $1.5B Fundraiser
The cryptocurrency industry is coming of age and is now being viewed by VCs and angel investors as a bet worth taking.
Economists Make Alarming Forecast: US 'Heading Into A Recession' By Year's End
Economists are predicting a recession by the year end. While hiring is up and wages are increasing, consumer expectations indices, a predictor of past downturns, are declining suggesting a "double dip" slump.
JPMorgan CEO Dimon Trashes Bitcoin Again, Calls It ‘Worthless’
Ace banker Jamie Dimon has always been skeptical of cryptocurrencies. He held on to his long-held view about Bitcoin being "worthless" at an investor event Monday.
Biden Weighing Push On Crypto Oversight, May Appoint A 'Crypto Czar': Reports
The Biden Administration is mulling over a wide ranging Executive Order for regulating the cryptocurrency industry amid the digital asset's use by ransomware and cybercriminals.
SEC Approves Volt Bitcoin ETF: The Closest You Can Get To Buying A Bitcoin ETF
In a first, the SEC has approved a Bitcoin Investment ETF. The Volt Bitcoin Investment ETF is an indirect investment fund that invests in companies profiting from Bitcoin.
Supply Chain Disruptions And China's Power Crisis Threaten To Sour The Holiday Experience
A power crisis in the world's factory, China, and supply chain disruptions are predicted to lead to shortages for almost everything that we take for granted in modern life, from smartphones to computer chips to cars.
