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crash

RBA warns of ‘faddish’ crypto crash

He said he found estimates that one in five Australians own crypto assets implausible, and flagged an official response involving central banks issuing digital versions of cash.Senior members of the local crypto community pushed back on the RBA’s analysis, saying government and regulators underestimated the level of sophistication of Millennials…
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How a metaverse king made his fortune

With little government supervision or legal recourse, crypto investors accept a significant risk of losses in any project. Some regulators have warned of the dangers of the new markets. The space is “rife with fraud, scams, and abuse,” U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said this year, in a speech about crypto’s…
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Prolonged sell-off or market hiatus?

Except for stable coins, other digital assets are still trading in the red The overall crypto sector recorded huge losses on Tuesday's trading session and is still a sea of red at the moment. Almost $300 billion of market capital has been wiped off in the sector in the last 48 hours, with the sector's combined value dropping from highs of…
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‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry,…
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‘Musk effect’ sees crypto named after SpaceX’s Starlink satellites gain over 140% in 3

In a bizarre event, a cryptocurrency with the same name as SpaceX’s satellite range Starlink jumped over 140% as Elon Musk’s space technology company launched 53 of them into the Earth’s lower orbit.Watch Falcon 9 launch 53 Starlink satellites to orbit → https://t.co/bJFjLCzWdK https://t.co/dgHuF6SIZ4— SpaceX (@SpaceX) November 13, 2021…
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