The former Andreessen Horowitz partner has been on a hiring spree for her fund, which only has a placeholder name, KRH Partners, but is already making investments. ( read original story ...)
Tesla and other major public companies sunk billions into crypto and now they’re taking a big hit
If publicly listed companies are going to be trading in Bitcoin as a hedge against inflation, they might have to strap in for many more market swings. ( read original story ...)
Economist Paul Krugman says there are ‘uncomfortable parallels’ between the recent crypto slump and the subprime mortgage crisis
Complex financial products being peddled to investors least equipped to handle the risks is an echo of the last financial crisis, Krugman wrote. ( read original story ...)
LeBron James announces pact with Crypto.com for Web3 educational project
LeBron James and his foundation announced a new partnership with Crypto.com that will see the company offer educational opportunities centered around Web3. Crypto.com is just one week out from a ... ( read original story ...)
Visa says crypto-linked card usage hit $2.5 billion in its first quarter
"People are using their crypto-linked cards to spend in a variety of ways — retail goods and services, restaurants, travel," Visa CFO Vasant Prabhu told CNBC. ( read original story ...)
IMF raises alarm over Japan’s massive pandemic spending
Japan's policy response to the pandemic has been "exceptionally strong," the International Monetary Fund said on Friday, but warned against its repeated use of supplementary budgets that has led to a ... ( read original story ...)
US lawmakers probe into crypto mining companies’ energy use
Democratic lawmakers are pushing Bitcoin mining companies in the US to divulge how much electricity they use in an effort to assess how that will impact nearby residents and the environment. Eight ... ( read original story ...)
Crypto Rocked Again: Wonderland CFO Is Ex-Convict Tied to Defunct Exchange
This latest scandal touches on something sacred for the crypto space: secrecy and anonymity. The chief financial officer of the decentralized-finance project Wonderland, one of the most prominent in ... ( read original story ...)
Ex-Twitter CEO Dorsey, Social Media Celebrate the Demise of Zuckerberg’s Crypto
Dorsey in a tweet punned on "carpe diem" as Zuckerberg's embattled crypto project to trade a U.S. dollar-pegged stablecoin died a slow death. ( read original story ...)
Mainstream crypto adoption is a ‘double-edged sword’ and may not push prices higher, Goldman Sachs says
While broader crypto adoption can raise valuations, Goldman Sachs said this will also likely heighten correlations with other market variables. ( read original story ...)
LeBron James and Crypto.com Team up to Bring Web3 to Kids
The NBA superstar and crypto.com will bring Web3 to students and families of Akron, Ohio, where LeBron James was born. Four-time NBA champion and Los Angeles Laker LeBron James has partnered with ... ( read original story ...)
Social media scammers are making bank from crypto and romance fraud, the FTC said
Romance fraud is rampant on social media, and it’s gotten even bigger in 2021, according to a report from the Federal Trade Commission. The FTC found that people lost $770 million from social media ... ( read original story ...)
Nobel laureate Paul Krugman says crypto has ‘disturbing’ parallels with subprime mortgage meltdown
"There are disturbing echoes of the subprime crash" in the cryptocurrency market, Nobel Prize-winning economist Paul Krugman says. ( read original story ...)
Lessons for crypto from Libor-bros
What crypto traders operating in the grey area of quasi-regulated markets should pay attention to in this story is that just because something isn’t technically illegal today doesn’t mean it won’t be ... ( read original story ...)
Japan warns underpriced IPOs could constitute antitrust law violation
The Japan Fair Trade Commission on Friday cautioned brokerage firms about the potential violation of the antimonopoly law by underpricing initial public offerings. A JFTC report on IPO prices said ... ( read original story ...)
Japan Nikkei rebounds on bargain buying
However, market gains were limited amid concerns about the raging spread of the coronavirus omicron variant and its impact on the pace of economic recovery, with daily new COVID-19 cases in Japan ... ( read original story ...)