Goldman Sachs CEO Passes Away Following Heart Attack During Meeting About NFTs
Published by ValueWalk Goldman Sachs CEO, David Solomon, has passed away at 59 after being explained what an NFT is by a junior analyst during a meeting. Curious as to why people were paying 6-figures for images online, Solomon only…
Unleashing reforms, Xi returns to China’s socialist roots
Published by Reuters By Yew Lun Tian BEIJING (Reuters) -When Xi Jinping took command of the Communist Party in late 2012 and proclaimed “only socialism can save China”, it was largely ignored as the perfunctory mention of an antiquated slogan…
Ethereum Up 50%, Expert Says To Surpass Bitcoin
Published by ValueWalk Ahmed Shabana just wrote a Crunchbase News article about how Ethereum could surpass bitcoin in the near future. He has also mentioned that half of his net worth is invested in Ethereum. Ahmed just did an interview…
Partying On Meets USD Upswing
Published by ValueWalk S&P 500 didn‘t get hammered on the NFPs miss – stocks did reasonably well, saved by the daily rush into tech. Volatility didn‘t spike throughout the week at all, and credit markets maintain their risk-on posture. Still,…
September Smackdown Coming Next?
Published by ValueWalk S&P 500 declined, with tech holding up best – the volatility spike is here as real economy deceleration is joined by Evergrande fears. Both paper and real assets took it on the chin, and yields together with…
Does Cryptocurrency Eliminate Sovereign Debt?
Published by Newstrail Cryptocurrency is equitable, and must come in good faith. – Bright EnabuleleSovereign DebtEconomic activities are becoming more and more debt-based, resulting in an emboldened sovereign debt crisis worldwide. By the end of this year, over 100 countries…
Bitcoin trading subdued after chaotic debut in El Salvador; Coinbase faces lawsuit
Published by Reuters By Herbert Lash NEW YORK (Reuters) – Volatility in bitcoin eased on Wednesday, a day after El Salvador adopted the crypto asset as legal tender https://www.reuters.com/business/finance/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07, but the threat of a U.S. lawsuit against crypto exchange Coinbase…
Asian shares on edge in choppy trading, dollar holds gains
Published by Reuters By Alun John HONG KONG (Reuters) – Asian shares hovered just off six-week highs on Wednesday, as a more risk-averse mood spread into the market from the United States overnight due to worries about slowing growth that…
Bitcoin Crashes After El Salvador Adopts It as National Currency
Published by The Daily Scrum News Reading Time: 2 minutes Hours after El Salvador made Bitcoin legal tender, the cryptocurrency fell in price.On Tuesday Morning, September 7th, 2021, El Salvador became the first country to adopt Bitcoin as an official…
El Salvador leads world in adopting bitcoin as official currency
Published by Reuters By Anthony Esposito and Nelson Renteria SAN SALVADOR (Reuters) – El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars…