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The Guardian (November 11)

2023/ 11/ 12 by jd in Global News

Sam Bankman-Fried, the convicted cryptocurrency fraudster, “talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time. Despite protestations of improving VC due diligence, little is likely to change due to the fear of missing out (FOMO). So-called reforms are instead likely to amount to “stable door securely locked… until next time.”

 

New York Times (February 12)

2023/ 02/ 13 by jd in Global News

“Attention-grabbing ads for cryptocurrency trading platforms were ubiquitous during last year’s Super Bowl.” What a difference a year makes. Last year, they spent $39 million on Super Bowl spots. “At this year’s Big Game? Crypto ads are nowhere to be found.”

 

The Street (July 22)

2022/ 07/ 24 by jd in Global News

“The cryptocurrency market has lost $2 trillion in value since hitting an all-time high of $3 trillion in early November, according to data firm CoinGecko. Prices for bitcoin, the king of cryptocurrencies, are down more than two-thirds since hitting an all-time high of $69,044.77 on November 10.”

 

Forbes (July 11)

2022/ 07/ 13 by jd in Global News

“Bitcoin bulls beware: Wall Street expects the cryptocurrency’s crash to get a whole lot worse. The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000,” according to survey of 950 investors. This “lopsided prediction underscores how bearish investors have become. The crypto industry has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic that fueled a speculative frenzy in financial markets.”

 

Washington Post (May 20)

2021/ 05/ 21 by jd in Global News

“Cryptocurrency investors woke up to grim news Wednesday: A brutal sell-off sent prices crashing across the board, wiping more than half a trillion dollars off the market.” It’s unclear if or when the dramatic turnaround will end. The cryptocurrency market “has roared since the coronavirus pandemic first gripped the world,” with “hordes of new investors…drawn by the allure of sudden price spikes and life-changing winnings.”

 

New York Times (April 17)

2021/ 04/ 19 by jd in Global News

A new front is opening “in the war over how cryptocurrency will — or will not — be regulated.” Although “Cryptocurrencies are still mostly held as speculative assets,” they could “become fundamental parts of the financial system. To many, Coinbase’s successful debut, which valued the company at $86 billion, far more than operators of stock and bond exchanges, is a signal that this transformation is already well underway.” The success of that IPO could “invite more attention from regulators.”

 

Equities.com (May 31)

2017/ 06/ 02 by jd in Global News

“Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike,” especially now that a coin is priced at over $2,000. “But the true impact of Bitcoin is actually far more reaching than this – it’s actually helped to birth new markets for over 800 other cryptocurrencies…. For the first time since Bitcoin was founded, it now makes up the minority of the entire cryptocurrency market at about 47.9% of all coins and assets.”

 

The Economist (October 31)

2015/ 11/ 01 by jd in Global News

“Bitcoin’s shady image causes people to overlook the extraordinary potential of the ‘blockchain,’ the technology that underpins it.” Blockchain technology “lets people who have no particular confidence in each other collaborate without having to go through a neutral central authority” and Bitcoin’s innovation carries a significance stretching far beyond cryptocurrency. This “machine for creating trust” could eliminate the need (and cost) for institutions like banks and clearing houses that handle many existing transactions.

 

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