AMC and Wall Street Are Learning All the Wrong Lessons From Crypto
From APE to BBBY, meme stocks are here to stay. That may not be great. Original Source
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Wrong
It Doesn’t Matter If They’re Wrong, Central Bankers Set Guidance for Crypto, Too
Sure, the Russian invasion of Ukraine, which central bankers and the Biden administration have noted to explain rising prices, wasn’t something anyone could have predicted, but that’s the point. In an economy that’s so heavily dependent on the broader, global economy, something unexpected happening is almost inevitable. Source
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Huobi explains what went wrong with HUSD after stablecoin is back on track
After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what caused the short-term liquidity problem and assured users that it has been resolved. On Aug. 18, HUSD started to fall from its dollar value, trading at $0.92 at the start of the day and falling as low as $0.82
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Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong
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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Experts dissect what went wrong
Decentralized finance protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a domain name system (DNS) hijacking incident.The automated market maker warned users not to use the front end of its website on Tuesday after the incident was flagged online by
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“Blockchain in India got off on wrong foot”
Subhash Chandra Garg, India’s former finance secretary, said blockchain’s potential will be recognized and adopted in India, but it has so far been overshadowed by the government’s opposition to the use of cryptocurrencies associated with the new technology.“Blockchain was always seen as something innovative, but it is so deeply masked
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Tether calls thesis behind USDT short-selling ‘flat out wrong’
Tether, the issuer of Tether (USDT), says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using a thesis that is “incredibly misinformed” and “flat out wrong.” In a blog post from July 28, Tether pointed to a June 28 Wall Street Journal podcast in
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Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’ – Economics Bitcoin News
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18
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BAYC hodler loses 100 ETH in ‘joke’ domain sale gone wrong
A major Bored Ape Yacht Club (BAYC) NFT hodler lost 100 Ether (ETH), worth $150,000 as a result of a joke bid on his own registered Ethereum Name Service (ENS) domain. The NFT whale, who owns 57 BAYC NFTs and goes by @franklinisbored on Twitter, minted the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy.eth”
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What if the Federal Reserve Has Inflation All Wrong?
The dominant U.S. inflation narrative blames pandemic stimulus for rising prices. But what if the money supply isn’t the real problem? Original Source
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