DIRS.INFO The most relevant business & tech news

☆ Duke's Lee Reiners argues harm associated with crypto outweighs benefits
▼ + stars: | 2023-02-24 | by ( Talia Kaplan | Mai Tejapaibul | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDuke's Lee Reiners argues harm associated with crypto outweighs benefitsCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Lee Reiners, policy director at the Duke Financial Economics Center, explains why he believes crypto's harms outweigh its benefits.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin tumbles 3%, and IMF warns against making crypto legal tender: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Lee Reiners, policy director at the Duke Financial Economics Center, explains why crypto's harms outweigh its benefits.

☆ FTX's collapse wiped out $200 billion in the total value of the cryptocurrency market, and it hit retail investors in emerging economies the hardest
▼ + stars: | 2023-02-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

FTX's downfall wiped out $200 billion from crypto's market capitalization last year, a new report revealed. Retail investors in emerging economies like India and Thailand were hit the hardest, per the Bank for International Settlements. Over 80% of retail participants using a crypto-trading app would have lost money from the market turmoil. "Notably, this share is even higher in several emerging market economies like Brazil, India, Pakistan, Thailand and Turkey. The token, which promised retail investors lofty yields in exchange for parking their assets, caused $450 billion of market value to vanish, per the BIS report.

☆ Goldman's digital assets lead explains the bank's blockchain strategy and upcoming projects
▼ + stars: | 2023-02-10 | by ( Talia Kaplan | Mai Tejapaibul | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman's digital assets lead explains the bank's blockchain strategy and upcoming projectsCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mathew McDermott, global head of digital assets for Goldman Sachs, discusses big banks' strategy for crypto's underlying technology.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther drops after SEC's staking crackdown, and Goldman outlines blockchain vision: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mathew McDermott, global head of digital assets for Goldman Sachs, discusses big banks' strategy for crypto's underlying technology.

☆ NFTs are back, and this time they could wreck havoc on the crypto market
▼ + stars: | 2023-02-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Imagine if it's actually a way to serve fast food without you realizing it. Bored Ape Yacht Club NFTs in Times Square during an NFT conference in June. Look, the idea of borrowing against artwork is actually a well established, and smart, way to manage your money. Crypto's track record with risk management leaves a lot to be desired, and crypto lenders haven't exactly been crushing it. Here's more on how the bankrupt crypto exchange is trying to take back the $90 million in political donations.

☆ Bitcoin struggles around $23,000 level as new-year rally loses steam
▼ + stars: | 2023-02-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin continues to trade in a tight range of $18,000 to $25,000 mark, keeping investors on edge about where the price is going next. Bitcoin fell as low as $22,655 early Monday morning, its lowest level since Jan. 31, according to Coin Metrics, after breaking through the $24,000 on Thursday. The price of bitcoin dipped below $23,000 over the weekend as investors digested the latest U.S. employment numbers and looked toward a batch of Federal Reserve member speeches. "Expectations are shifting to more tightening, and higher rates for longer (what the Fed has been saying all along), which is not good for risk-on assets," she added. Bitcoin is trading "at the deepest overbought condition in over two years" and is "due for a brake check," according to Wolfe Research.

☆ Crypto's core technology has a legitimacy problem. The founder of VC firm Dao5 is seeking to shore up its cred by working with university researchers.
▼ + stars: | 2023-02-02 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Tekin Salimi, the founder of the VC firm Dao5, sources many of his deals through academic research. Salimi's venture capital firm, Dao5, counts several university professors among its advisors and has backed several startups founded by academics. His budding interest in crypto eventually brought him to Silicon Valley, where he joined the crypto VC firm Polychain Capital in 2018. When he left Polychain to launch Dao5 last year, Salimi sought to build academic research into the firm's deal-sourcing process. Dao5 cut ties with Kwon after the collapse, and he never had any financial involvement in the firm, Salimi said.

☆ Here's what's driving crypto's recent rally, according to Zain Ventures' founder
▼ + stars: | 2023-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what's driving crypto's recent rally, according to Zain Ventures' founderCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Zain Jaffer of Zain Ventures discusses what's contributing to crypto's rally.

☆ Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price. The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. The bullish estimates come amid a severe and lengthy crypto market rut. Bitcoin is down 65% from its all-time high in November 2021, with the industry's total market value off over 64% from its peak. Since the start of the year, Ark's flagship exchange-traded fund, ARKK, bought 108,548 Coinbase shares, worth $6.3 million at its current price.

Jan 31 (Reuters) - Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million of that. They said shorter-term investors were selling their bitcoin at a profit, while longer-term "HODlers" were still sticking with their coin and not contributing to selling pressure. Additionally, bitcoin's "dominance" or share of the total crypto market has hovered around 41% this month, levels not seen since last July. Analysts at Citi said this mimicked a similar jump in bitcoin dominance in April 2019, when a bitcoin rally marked a crypto market bottom.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retakes $23,000, and Sen. Cruz wants U.S. Capitol to accept crypto for food: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Zain Jaffer, of Zain Ventures discusses what's contributing to crypto's rally.

☆ U.S. Federal Reserve rejects crypto-focused bank's application to be supervised by the Fed
▼ + stars: | 2023-01-27 | by ( Hannah Lang | ) www.reuters.com time to read: +2 min

[1/2] The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File PhotoJan 27 (Reuters) - The U.S. Federal Reserve on Friday rejected crypto-focused Custodia Bank's application to become a member of the Federal Reserve System, saying the bank's proposed business model and focus on digital assets presented significant safety and soundness risks. Custodia Bank Chief Executive Caitlin Long said in a statement that the bank was "surprised and disappointed" by the Fed's decision. “Custodia actively sought federal regulation, going above and beyond all requirements that apply to traditional banks," she said. Separately, Custodia has sued the Federal Reserve Bank of Kansas City, arguing that it has unfairly delayed a decision on Custodia' application for a highly coveted master account, which gives companies access to Fed payment services.

☆ Bitcoin at $10,000 — or $250,000? Investors are sharply divided on 2023
▼ + stars: | 2023-01-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin at $10,000 — or $250,000? Investors are sharply divided on 20232022 was a rollercoaster year for cryptocurrency, with nearly $1.4 trillion wiped off the market. We look back at crypto's wild ride and what might be to come in 2023.

☆ Factbox: Crypto's string of bankruptcies
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +4 min

GENESIS GLOBAL CAPITALOne of the largest crypto lenders, Genesis froze customer redemptions in November after major exchange FTX stunned the financial world with its bankruptcy. Genesis Global Holdco, the parent group of Genesis Global Capital, also filed for bankruptcy protection, along with another lending unit, Genesis Asia Pacific. FTXThe Bahamas-based exchange shocked the crypto world by going bankrupt in November after suffering withdrawals of about $6 billion in just 72 hours and rival crypto exchange Binance ditched a possible rescue. CELSIUS NETWORKA crypto lender brought down by the collapse of terraUSD and luna, Celsius began its U.S. bankruptcy case on July 14. The U.S. affiliate of major crypto exchange Binance said in December it intends to buy Voyager's crypto lending platform in a deal valued at about $1 billion.

[1/4] People stand in front of the Blockchain Hub Davos 2023 at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 16, 2023. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 19 (Reuters) - In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see. Executives in Davos said they are now all about blockchain technology, proper controls and regulation, and the promise of disruption that it holds for financial services and beyond. Colm Kelleher, chairman of Swiss bank UBS (UBSG.S), told a WEF panel that blockchain technology will help reduce costs for banks. "We kind of dodged a bullet," Kelleher said, noting that the collapse in the value of crypto currencies had not caused systemic problems.

☆ Here's what you need to know about crypto's current price surge: Traders share bitcoin price estimates and how they think this rally will play out
▼ + stars: | 2023-01-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Bitcoin's price has rallied, up by 30% since its December low. This reduces the number of new coins being created, which tightens supply and kicks up demand, sending bitcoin's price spiking. He added that a real bull rally will only kick off within six months of the next bitcoin halving. Since market trading volume has been low relative to 2021, it doesn't take much to push the market in any direction, he said. Bitcoin's price plunged by 3.4% that afternoon before slightly recovering on Thursday.

☆ Wall Street is feeling bearish, but a rare stock market pattern is hinting at a bull rally to kick off 2023.
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.

☆ Ripple CEO: 2022 will go down as one of the worst years for crypto
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple CEO: 2022 will go down as one of the worst years for cryptoSpeaking to CNBC's Arjun Kharpal, Brad Garlinghouse, CEO of Ripple, discusses crypto's 2022 "annus horribilis" and the company's exposure to collapsed crypto exchange FTX.

☆ Aave CEO addresses crypto's liquidity issues
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAave CEO addresses crypto's liquidity issuesStani Kulechov, CEO of liquidity protocol Aave, discusses his outlook for crypto in 2023.

☆ Bitcoin rallies to a 2-month high after inflation data, shrugging off FTX and DCG troubles for now
▼ + stars: | 2023-01-12 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The rally came after key inflation data raised hopes for a more favorable macro environment ahead. "While it's too early to count [the] chickens, the price action since yesterday has been encouraging," a crypto executive told Insider. Early Thursday, Consumer Price Index (CPI) data for December indicated that inflation pressures eased again, giving Federal Reserve officials leeway to slowdown rate hikes. Favorable inflation data ought to boost token prices and could "help the market cement [its] current rebound," said Wael Makarem, Senior Market Strategist at financial services firm Exness. Crypto markets endured a lengthy bear market through 2022.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSolana soars 22%, and court docs reveal DOJ seized FTX-linked Robinhood shares: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, George Kaloudis, a research analyst for CoinDesk, discusses the findings of a report highlighting crypto's progress last year and how the FTX collapse impacted markets.

☆ Banks' war against fintechs is a battle they're destined to lose
▼ + stars: | 2023-01-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

And while this shouldn't bother banks — they make plenty of money doing what they do best — this is Wall Street. In fact, the face of Wall Street, JPMorgan CEO Jamie Dimon, literally declared war on fintechs on an earnings call in 2021. But, as Insider's Bianca Chan and Reed Alexander recently outlined in a fantastic feature, banks' bid to topple fintechs is hopeless. Whether it's JPMorgan's digital-only bank Finn or, more recently, Goldman Sachs' Marcus, banks' attempt to cosplay as fintechs rarely ends well. Click here to read more about why banks are doomed to keep failing in their fight against fintechs.

☆ Bernstein analysts offer a cautious bull case for crypto recovery after a year from hell
▼ + stars: | 2023-01-04 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Analysts from Bernstein laid out why they're still bullish on the crypto space. But Bernstein analysts Gautam Chhugani and Manas Agarwal offer crypto true believers a few reasons to keep the faith. Crypto keeps bouncing backThe past year was not the first "crypto winter," and crypto always bounced back fairly easily. Much of the crypto space remains decentralized. Chhugani and Agarwal said FTX's collapse had hastened DeFi adoption, which makes DeFi a bright spot in crypto investing, according to crypto VCs.

☆ Blockdaemon CEO discusses blockchain adoption following the fall of FTX and what 2023 holds for crypto
▼ + stars: | 2023-01-02 | by ( Mai Tejapaibul | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlockdaemon CEO discusses blockchain adoption following the fall of FTX and what 2023 holds for cryptoCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Konstantin Richter, the founder and CEO of Blockdaemon, breaks down whether crypto's adoption rate will slow down following the collapse of FTX.

Search resuls for: "crypto's"

25 mentions found