‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with...
MicroStrategy shares slump as bitcoin margin call looms
MicroStrategy has vowed never to sell any of the approximately 130,000 bitcoin it has in its possession. The question after the weekend’s slide in cryptocurrency...
Credit Suisse says loss likely for second quarter By Reuters
[ad_1] © Reuters. FILE PHOTO: Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann...
TrueFi launches on Optimism, expanding access to on-chain credit By Cointelegraph
[ad_1] TrueFi launches on Optimism, expanding access to on-chain credit Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular...
Rising Rates Are Battering Mortgage Lenders
Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise....
WeWork founder reinvents himself with $70M crypto carbon credit platform By Cointelegraph
[ad_1] WeWork founder reinvents himself with $70M crypto carbon credit platform Three years after being ousted as CEO of WeWork, Adam Neumann has jumped on...
More Subprime Borrowers Are Missing Loan Payments
Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending...
A ‘summer of pain’ for stocks? Nasdaq Composite could plunge 75% from peak, and S&P 500 skid 45% from top, warns Guggenheim’s Scott Minerd
The carnage playing out in the U.S. stock market is likely an amuse-bouche compared with the devastation on the menu for the bulls in the...
Two credit card firms in Israel to let cardholders buy Bitcoin By Cointelegraph
[ad_1] Two credit card firms in Israel to let cardholders buy Bitcoin Financial companies in Israel are increasingly moving into cryptocurrencies like (BTC), with two...
Coinbase stock slides toward all-time low as crypto trading falls off
Coinbase Global Inc. swung to a loss in its most recent quarter and posted lower-than-expected revenue as it lost 2.2 million crypto traders from its...