Global Intelligence
Financial System
Yesterday we re-posted a detailed money flow analysis of Crypto markets with a focus on Tether liquidity titled The Bit Short: Inside Crypto’s Doomsday Machine. It is an anonymous post but it’s obviously genuine, the author is from the startup VC community. Several core arguments were solid and only could come from someone who deeply […]
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From ZH Summary: China reportedly launches widespread ban on crypto payments, warns of speculation Overall crypto market cap drops $1 trillion Ether down 40% at worst (rebounding strongly off $2000) Bitcoin down over $10,000 at worst (rebounding strongly off $30000) Crypto proxy stocks hammered Coinbase outages spark anger among traders Binance halts Ethereum withdrawals JPMorgan […]
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From ZH As if the pain for Coinbase longs, some of whom were stupid enough to buy the stock above $400 on the day the company went public, wasn’t enough with COIN stock today closing below its $250 IPO reference price for the first time, and down 42% from its post-IPO high on April 14… […]
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From ZH Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its […]
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From ZH Be afraid, very afraid. That appears to be the message from the Biden administration. As they cede “control” over the populace’s fear of COVID to the reality of a virus that doesn’t spread outdoors, or on surfaces, or via mask-blocking droplets and are increasingly unable to ‘scientifically’ explain the political problem that non-restrictive states […]
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From ZH Last month, we highlighted when fund manager David Einhorn pointed out a New Jersey deli that was trading with an insane market cap of over $100 million as one of the hallmarks of the bubble the market is in. Einhorn wrote: “Strange things happen to all kinds of stocks. Last year, on one day in […]
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From Zero hedge: Yesterday’s news that the DoJ and IRS are digging into Binance amid whispers about allegations of tax fraud, manipulation and AML violations was just the latest indication from the government that it is taking enforcement of securities taxes tied to crypto wealth very seriously. In case that wasn’t already clear, WSJ published a story […]
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From ZH In brief With Proof of Stake (POS), cryptocurrency miners can earn more crypto if they hold more coins. Proof of Stake (POS) was created as an alternative to Proof of Work (POW), which is the consensus algorithm that Bitcoin uses. Several coins that use alternative consensus algorithms to Bitcoin have increased in value. […]
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from naturalnews Elon Musk just ignited a firestorm of controversy when he announced Tesla would not longer accept Bitcoin due to the environmental concerns related to Bitcoin mining and its gargantuan energy consumption. The pro-Bitcoin community erupted in a fierce backlash, claiming that most of Bitcoin’s energy usage comes from renewables, and that the more […]
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From coindesk The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General. Tether revealed the breakdown of its reserves for the first time, casting another sliver of light on the backing of USDT (0%), the largest cryptocurrency pegged to the U.S. dollar. Much remains murky, […]
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