Biden Energy Policies Added $1,000 To Typical Household’s Costs In 2021: Report

By Tyler Durden, Authored by Mark Tapscott and Nathan Worcester via The Epoch Times (emphasis ours), A new analysis by the Heartland Institute reports the typical American family’s home heating and cooling costs increased by as much as $1,000 in 2021 as a result of President Joe Biden’s energy and environmental policies. “The average U.S. household in […]

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Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks

By Yashu Gola, The “Oracle of Omaha” now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies. Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that’s also popular among the country’s Bitcoin investors. In a […]

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Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11

By Tom Farren, Alchemy raises $200 million in a Series C round, Hashstack launches collateral protocol on Harmony, and Bunny Finance forms DAO after a hack — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the DeFi space continues its technical resurgence, essential […]

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Carbon Pricing Is Now Forcing UK Electricity Prices Higher

By Tyler Durden, Authored by Paul Homewood via ‘Not A Lot Of People Know That’ blog, While some of the recent energy price rises have been due to international market factors, part is the direct result of government policy. I mentioned the role of carbon pricing a few months ago in pushing up the cost of electricity.  Since […]

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Interstellar Enigma diamond sold for $4.5M in crypto

By Prashant Jha, The origin of the carbonade diamond has baffled scientists for years, as it contains some of the precious metals only found in meteorites. A 555-carat diamond with mysterious origins estimated to be billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby’s auction. The diamond has baffled geologists […]

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Russian government and central bank agree to treat Bitcoin as currency

By Arnold Kirimi, Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared; otherwise, it could be considered a criminal act. The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a […]

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China’s “National Team” Is Good At Killing Stock Volatility

By Tyler Durden, By Ye Xie, Bloomberg Markets Live strategist and commentator Chinese state-backed funds reportedly intervened in the stock market on Tuesday, helping stem the biggest intraday loss since August 2021. Since the bursting of the stock bubble in 2015, Bloomberg has reported at least seven occasions when the so-called “national team” came to the rescue when […]

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Bank Of America Forecasts 7 Rate Hikes In 2022 And Then… Pain

By Tyler Durden, Last week, gasps of shock were heard around Wall Street trading desks when Bank of America decided to outdo every other economist with its either idiotic or brilliant forecast for seven 25bp rate hikes this year. All else equal, we would say “idiotic” as 7 rates hikes would almost certainly send the market crashing […]

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Bitcoin bulls look to push price above $45K to validate bullish trend reversal

By Jordan Fineeseth, Bitcoin reclaims support at $44,000, prompting some analysts to suggest closing out longs while looking for a close above $45,000. The mood across the cryptocurrency ecosystem has shifted to cautious optimism on Feb. 7, as Bitcoin (BTC) bulls managed to bid its price back above support at $44,000 with the help of […]

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This bullish Ethereum options trade targets $3.1K ETH price with zero liquidation risk

By Marcel Pechman, The crypto market is starting to turn around, raising opportunities for risk averse traders to use the Long Condor options strategy to long ETH. Ether price (ETH) spent the last two months stuck in a rut and even the most bullish trader will admit that the possibility of trading above $4,400 in […]

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