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Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility. Penny stocks refer to highly speculative shares priced under $1 from small and unknown companies. Generally they either fetch massive returns for
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From APE to BBBY, meme stocks are here to stay. That may not be great. Original Source
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DTCC's project, which is private and permissioned unlike many traditional blockchain networks such as Bitcoin and Ethereum, is being developed in collaboration with the likes of Barclays, BNY Mellon, Charles Schwab, Citadel Securities, Citi and Credit Suisse. Source
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While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation
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John Haar, a former asset manager at financial institution Goldman Sachs believes the lack of support from “legacy finance” for Bitcoin stems from a poor understanding of the cryptocurrency. Haar’s views were expressed in an essay on Aug. 14, which was originally sent to private clients of Bitcoin brokerage platform Swan Bitcoin.
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“Your habits and a lot of things kind of change, you know? You dress up in the morning, you work more trading desks, who are particularly providers, traditional custodians, like the major banks of the world,” he said. “Watching crypto democratize the wealth that is in some of these larger
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“No creo que el comercio de línea dura de la Fed haya alcanzado su punto máximo”, dijo una observadora. Source
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The absence of typical pre-Fed anxiety indicates investors are anticipating slower rate increases in the coming months. However, some observers say the Fed may not be ready to cave in just yet. Original Source
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Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls fail to sustain assault on multi-week highData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD encountering fresh resistance near $24,000.The pair had spent
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While American stocks plunged at the opening of Wall Street on July 14, Bitcoin escaped losses, but traders remained uneasy. Analysts Weigh In On Bitcoin Bottom The S&P 500 and Nasdaq Composite Index both fell by about 1.8% at the time of writing as Wall Street opened in the red. Although the largest
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