Crypto

Elizabeth Warren Claims Bitcoin is Fueling Climate Change, Supports Federal Reserve Creating a Crypto Instead (VIDEO)

Kooky Massachusetts Senator Elizabeth Warren told a Senate Banking Subcommittee that Bitcoin is fueling climate change. Warren called for the government to confront crypto threats “head on,” while saying a Federal Reserve-backed digital currency shows “great promise.” “Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis,” she said during the…

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge, "Damaged" Democracy, & Biden's "Trillions"

So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the…

Crypto Assets Top $1 Trillion Market Cap As Novogratz Sees New Stimulus Checks Funding More Bitcoin Buying

Amid the chaotic scenes in DC yesterday, and confirmation that both Democrats won their Georgia Senate seats, cryptocurrency prices have accelerated higher once again, crossing the stunning level of $1 trillion in total market capitalization for the first time in history… Source: CoinMarketCap “The more that people perceive that their assets, particularly their liquid assets…

Dollar Drops As Gold & Crypto Pop On Fed Flop, Washington Slop

Close to close prices hide what was a very noisy day in the markets with bonds, the dollar, and the broadest stock index flat-ish until some last minute malarkey. Headline hockey between The Fed “flop” – not delivering the QE Twist that so many had hoped for (but promising more will come) – and the…

The Empire Strikes Back (Against Crypto)

Authored by Omid Malekan, Some years ago, when I first began telling people about crypto, a friend pushed back and said that the government would never allow Bitcoin to succeed. “Money is power” he said, “and no self-respecting government is going to give that power up.” I told him that I agreed, but that Bitcoin…

As Bitcoin Tops $16k, Dalio Warns Nations Will ‘Outlaw’ Crypto If Prices Keep Rising

The ongoing institutional flow into crypto has pushed Bitcoin back above $16,000 this morning. Source: Bloomberg That is the highest since Jan 2018… Source: Bloomberg But this bullish surge could have consequences as Ray Dalio, the billionaire hedge fund legend, warns that Bitcoin’s price going higher will only force governments to take action. image courtesy…

Bitcoin Nears $16k As Feds “Seize” $1 Billion In Crypto Linked To ‘Silk Road’

Bitcoin continued its post-election surge overnight, getting close to $16,000 for the first time since Jan 2018 as the volume of global negative-yielding debt soars, Source: Bloomberg And while the initial Bitcoin strength mirrored altcoin weakness, that rotation has stalled and now the entire crypto space is rising… Source: Bloomberg And this strength is coming…