Updated June 24, 2022 9:27 pm ET / Original June 24, 2022 9:15 pm ET request reprints print article text size This commentary was recently published by money managers, research firms and market newsletter writers and has been edited by Barron’s. Crypto Endgame is nowhere near Paulsen’s perspective The Leuthold GroupJune 24: Cryptocurrencies have long …
text size Coinbase offers a “Nano” Bitcoin futures contract priced at 1/100th of Bitcoin, the equivalent of about $210 on Friday morning. dream time base of coins Global says it will launch a Bitcoin derivative on Monday. Stock investors shouldn’t expect a windfall, even though such products account for the vast majority of cryptocurrency trading. …
text size Valuations of public crypto firms have fallen by around 70% this year, according to Needham. dream time The cryptocurrency downturn is expected to fuel a wave of consolidation in the cryptocurrency sector during the second half of this year and into 2023, according to Needham. Valuations of public crypto firms have fallen by …
For fashion fans and everyone else, 2022 will be remembered as the year the metaverse went mainstream. Ever since Mark Zuckerberg announced last October the corporate name change from Facebook to Meta, the writing was on the wall. A virtual wall, of course. Soon after, all the signs of a cultural inflection point appeared: the …
“I think the worst is over. We’ve seen a pretty steep drop.” That is Changpeng Zhao, CEO of cryptocurrency exchange Binance, discussing the recent drop in cryptocurrency prices, which some are calling a large-scale crash. Zhao’s comments were documented by Coindesk crypto writer Sandali Handagama. The event had not released videos of the panel’s speeches …
text size dream time Like the banks in 2008, crypto firms are finding that the failure of a few key players could bring the entire edifice down. Unlike banks, cryptocurrencies only have to seek ransom. That might not be enough. The Digital Asset Brokerage Stock digital traveler (ticker: CA:VOYG) sank more than 60% on Wednesday …
Ben Bernanke, former Federal Reserve Chairman, has been a vocal skeptic about bitcoin BTCUSD, -1.84%. He stated that the cryptocurrency has no underlying value and cannot act as a store of value, making it not credible as a currency. “If bitcoin was a substitute for fiat money, you could use bitcoin to go grocery shopping. …
Cryptocurrencies and the broader decentralized finance ecosystem have “deeper structural constraints” that prevent it from becoming a robust monetary system. That’s according to the Bank for International Settlements, which also said there is a deep divide between the goals and the reality of DeFi. Ahead of the release of its full annual economic report on …
Bankers who abandoned conventional finance to capitalize on the rise of digital assets have been greeted with a new “crypto winter.” Former staff at JPMorgan, Goldman Sachs, and Citigroup have been among those affected as cryptocurrency exchange Coinbase cut 1,100 positions and terminated 300 job postings, while Gemini, Crypto.com, and BlockFi also scaled back as …
International stocks were broadly higher in the absence of further news on inflation and interest rates, while US markets remained closed for the June 16 public holiday. Stocks and bonds have been hit globally this year. Driving the sell-off is the drive by the Federal Reserve and other central banks to stifle inflation, and concerns …