The specter of a U.S. economic recession has loomed for more than a year, yet it has not materialized. Nonetheless, a recent change in the yield curve indicates that the possibility of a recession remains significant and could be growing stronger. ryasick By Andrew Prochnow The specter of a U.S. economic recession has loomed for…
Several headlines recently described a 25% drop in bitcoin network difficulty during Winter Storm Finn in January. Most attributed this drop to curtailment activity in Texas. While Texas does represent 17% of the global bitcoin hashrate, ERCOT data shows that some of the curtailment activity was a combination of higher prices and “good grid citizenship.”…
A senior official in Narendra Modi’s government has warned that social media companies will be held accountable for AI-generated “deepfakes” posted on their platforms in compliance with “very clear and explicit rules” as India prepares for a general election this year. Rajeev Chandrasekhar, minister of state for electronics and IT, said that India had “woken…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch, the darling of Conservative activists and bookmakers’ favourite to become the next Tory leader, has told plotters trying to bring down Rishi Sunak to “stop messing around and get behind the leader”. Some…
Despite Bitcoin’s surging price, block trades show restrained activity. The market sees more selling calls and buying puts, signaling cautious trader sentiment. A historically indicative signal for bearish positions is now suggesting positive prospects for Bitcoin (BTC) bulls. Investors in the world’s largest cryptocurrency are eagerly anticipating a crucial regulatory decision on a US exchange-traded…
Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), hinted at a potential shift in the SEC’s perspective regarding spot Bitcoin exchange-traded fund (ETF) applications during an interview with CNBC. In the CNBC interview, Gensler disclosed that the SEC is actively reconsidering its approach to spot Bitcoin ETF applications. “And as…
Testifying before the U.S. Congress today, Jamie Dimon, the CEO of JPMorgan Chase, stirred controversy by expressing his negative opinions on the Bitcoin and crypto market. The renowned banking executive stated that if he held a position in the government, he would “close down” Bitcoin and cryptocurrencies. Dimon, who has been historically critical about Bitcoin…
Mike Hansen DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note…