There’s no free lunch. Everything costs something, and most things measure their cost in money. So how does money measure its cost? In interest rates. And as everyone knows, the cost of money is going...
Tag: Bust
Norway’s crypto bust deals blow to North Korean hackers
Norway’s economy crimes unit, Økokrim, just pulled off a digital heist of their own by seizing a whopping NOK 60 million (or $5.9 million) in cryptocurrency. This breakthrough comes as part of their o...
BTC Forms ‘Delayed Bullish Thrust N’ Bust,’ Is There a Mega Bust?
Crypto Analyst tweeted that BTC was forming the “Delayed Bullish Thrust N’ Bust” pattern. BTC is testing the 200-day MA after breaking below it. It may not have the momentum to break it. The 50-day M...
Bruised Stock Bears Bust Out the Charts in Arguing the Top Is In
(Bloomberg) — A chart breakdown in the S&P 500. Signs of complacency in a closely watched options gauge. Weak readings on the economy piling up. All of it is evidence to bears that the rally...
The Block: Congo national park’s bitcoin mining bet saved it from going bust: MIT Tech Review
Nestled on the eastern edge of the Congo basin, the Virunga National Park is the second-largest tropical rainforest in the world, home to half of Africa’s terrestrial animals and a third of the ...
Italy and Albania Bust €15 Million Crypto Investment Scam – Bitcoin News
Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the...
FTX and Crypto Bust Show Capitalism’s Limits
We’re all astounded that FTX, now essentially worth nothing, was valued at $32 billion a few months ago, and that lending service Celsius Network clocked in at $3.5 billion before it went under. But w...
Texas’s Crypto Mining Boom Is Starting to Look More Like a Bust
(Bloomberg) — The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandon...
Without Alabama In SEC Title Game, Georgia-LSU Was Bust On Field And At Box Office
BATON ROUGE, LOUISIANA – NOVEMBER 05: Head coach Nick Saban of the Alabama Crimson Tide reacts … [+] during the first half against the LSU Tigers at Tiger Stadium on November 05, 2022 in B...
Bankruptcy Law Firms Boom as Crypto Companies Go Bust
As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. In addition to triggering bankruptcies, such as BlockFi, the collapse of FTX ...
The Next Candidate For A Market Boom, Bubble, Bust
getty getty As we watch the stock market falter and trillion dollar companies deflate back into mere 9 figure juggernauts, we can rest assured that the next big thing is on the way. It might not be th...
The PC boom has gone bust, and we are about to see the results ahead of Black Friday
The pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season? A sense of the fallout will be provided i...
Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home...
FTX’s bust and crypto crash come with two silver linings
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 14, 2022 Today’s newsletter...
FTX Is Bust and Crypto Is Plummeting. What Happens Next?
Key Takeaways Binance has signaled that it plans to acquire FTX as the younger exchange battles a “liquidity crunch.” Crypto prices are plummeting in the fallout from the bombshell announc...
Investors Battle the Central Bank Storm of Boom and Bust – Trustnodes
The worst year for investors keeps getting worse for some, with a Facebook crash of 22% in their stock price bringing it now down 60% compared to one year ago. Silicon Valley may be facing its first r...
What If Gareth Bale Is A Bust And LAFC Wins MLS Cup Anyway?
Gareth Bale has two goals in 12 appearances and 355 minutes playing for LAFC, and doesn’t seem … [+] likely to feature prominently in the remainder of the team’s postseason run. Gett...
Bitcoin May Protect You as Economy Crashes, Markets Go Bust
Yuri Molchan Renowned investor in real estate and BTC believes Bitcoin is becoming much more important now, during unemployment crisis Contents “Economy crashes, stock markets go bust” ...
Rate Hikes can excite a ‘Deflationary Bust’: CEO Ark Invest
According to the United Nations Conference on Trade and Development (UNCTAD) report the U.S. Federal Reserve must not hike rates, Ark Invest CEO Catherine Wood has issued an open letter to the U.S. ce...
Ark Invest CEO Warns Rate Hikes Could Fuel a ‘Deflationary Bust’ in Open Letter to the Fed – Bitcoin News
Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to ...
ARK’s Cathie Wood issues open letter to the Fed, saying it is risking an economic ‘bust’
Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. David Swanson | Reuters The Federal Reserve likely is...
Is Credit Suisse Going Bust?
Swiss banking giant Credit Suisse is struggling to restructure in the wake of scandals and accusations which include money laundering for the Bulgarian Mafia. Their credit default swaps, which reflect...
Crypto Bust: China Collars 93 For Laundering $5 Billion In Digital Currencies
China has become a hotbed of illicit crypto trade lately. The country has earned quite a reputation in the international community when it comes to scams and illegal activities involving cryptocurrenc...
Green Bay Packers Wideout Amari Rodgers Still Hoping To Prove He’s Not An All-Time Bust
Amari Rodgers has just four career catches for the Green Bay Packers. Copyright 2022 The Associated Press. All rights reserved. Seventeen months after the Green Bay Packers used a third round draft pi...
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe – Bitcoin News
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organizat...
Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon
Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn aro...