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The host of Mad Money, Jim Cramer, has advised investors to avoid crypto and stick with gold if they “seriously want a real hedge against inflation or economic chaos.” He added that bitcoin is too volatile to use as a currency. “Imagine business owners trying to conduct transactions with shares
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And yet, that may not actually matter. While the industry did have a smaller presence, the panels that did happen were substantive. The official WEF had more panels related to crypto and crypto-adjacent topics this year than last. The speakers at the side events represented the United Nations, NASA, CERN,
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The World Economic Forum's annual meeting wrapped up with a fiery panel on the role of regulators in crypto, plus more from Davos, Switzerland. Source
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Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect U.S. and global regulators to eventually lay down a strong hammer
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As the World Economic Forum brings global leaders together to tackle global issues, a number of cryptocurrency and blockchain events will create a vibrant sideshow in the snowy ski destination in the Swiss Alps.Cryptox will be on the ground to cover the World Economic Forum (WEF) as well as a
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On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in
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Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX
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Friday morning's reports on job and wage growth and the service industry gave hope that the Fed may further slow the pace of monetary tightening. Original Source
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DCG once appeared to be untouchable but may fast be losing its stability.Digital Currency Group (DCG) has announced that it is shutting down operations at its wealth management division HQ. According to a report by The Information, DCG is taking such a drastic step due to the prevalent economic situation
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Recently, layoff decisions has somewhat become a trend among global firms.Online retail giant Amazon has announced its decision to cut down its number of employees due to the global economic situation. The announcement, which comes as a follow-up to a previous one, confirms that the layoffs will affect no less
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