The Bear Market Comes for Crypto CEOs

Crypto Currency News

Crypto Currency News

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Today's News

In today's news, we see a variety of headlines ranging from topics such as the Liverpool football club expanding its partnership with the NFT fantasy sports startup Sorare, to JPMorgan CEO Jamie Dimon slamming crypto tokens as 'decentralized Ponzi schemes.' We also see a story about how the popular YouTuber 'dunkey' is starting his own indie publishing company called Bigmode.

Outline

  • Liverpool announces expanded partnership with Sorare, a leading NFT fantasy sports startup.
  • The Fiver covers the latest news on Scotland's top football team.
  • Over 260 of the most promising startups of 2022 are profiled in this roundup, including those in the edtech, fintech, crypto, and proptech sectors.
  • Coinbase has been testing a group to speculate on crypto assets, according to sources.
  • Jamie Dimon, CEO of JPMorgan Chase, has called crypto tokens "decentralized Ponzi schemes."
  • US stocks drop for a third day as Treasury yields rise and recession fears grow after the Federal Reserve raises interest rates.
  • JPMorgan Chase CEO Jamie Dimon calls crypto tokens like Bitcoin "decentralized Ponzi schemes."
  • Five overhyped stocks on Wall Street that investors should avoid right now.
  • Videogamedunkey, a popular YouTuber, is starting an indie publishing company called Bigmode.
  • Expanding access to the future of work with crypto payouts.
  • Alex Jones managed to shill products and ask for crypto donations while testifying in court.
  • Cambodian authorities crack down on cyber slavery amid international pressure.
  • Dubai's crypto regulator grants Binance a license to offer domestic bank accounts, an asset exchange, payments and custody services, and more.
  • South Korea details more "abnormal" foreign exchange transactions, most related to crypto, bringing the total to $7.2B since June; 72% went to Hong Kong.
  • immunefi, which helps crypto services create bug bounty programs, raised a $24M Series A led by Framework Ventures.
  • Sources: Coinbase hired Wall Street traders and explored using its own cash to trade crypto in 2021, including a $100M transaction.
  • Iran’s protesters have had enough after Mahsa Amini’s death.
  • The bear market comes for crypto CEOs.
  • Now that Ethereum's merge happened, what's next?
  • Transcript: Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws
  • The SPAC King Folds, Ending the Blank-Check Frenzy
  • Mysterious Black Janitor Annoyed To Be Wasting His Folk Wisdom On White Man Asking Crypto Advice
  • Why Ethereum Underperformed Altcoins Today
  • What Does 'To The Moon' Mean in Cryptocurrency?
  • This Popular Crypto Could Double in Value in 2023
  • What Is a 51% Attack?
  • Is Moore’s law actually dead this time? Nvidia seems to think so.
Liverpool expands partnership with NFT fantasy sports startup Sorare

Liverpool expands partnership with NFT fantasy sports startup Sorare

Liverpool football club is deepening its ties with the crypto world by expanding a partnership with French blockchain-based sports startup Sorare, the company said in a statement on Thursday.

The Fiver | They’re good enough; they’re also Scotland

The Fiver | They’re good enough; they’re also Scotland

Sign up now! Sign up now! Sign up now? Sign up now!It turns out that pinning all of our hopes on Scotland wasn’t such a bad idea after all. On Wednesday night at Hampden, Steve Clarke’s men went at Ukraine with the sort of verve and velocity not seen since th…

Over 260 of the most promising startups of 2022 in edtech, fintech, crypto, proptech and more, according to VCs

Over 260 of the most promising startups of 2022 in edtech, fintech, crypto, proptech and more, according to VCs

Despite the rough economic environment for tech startups, some are thriving. We asked VCs to name the most promising ones across industries.

Coinbase Tested Group To Speculate on Crypto

Coinbase Tested Group To Speculate on Crypto

Coinbase Global has been searching for new ways to make money. One business it flirted with was controversial: using its own money to speculate on cryptocurrencies. WSJ: Last year, Coinbase -- which operates a large cryptocurrency exchange that handles bitcoi…

Jamie Dimon Slams Crypto Tokens as 'Decentralized Ponzi Schemes'

Jamie Dimon Slams Crypto Tokens as 'Decentralized Ponzi Schemes'

Jamie Dimon didn't mince words when a US lawmaker mentioned the executive's history of criticizing cryptocurrencies. From a report: "I'm a major skeptic on crypto tokens, which you call currency, like Bitcoin," the JPMorgan Chase chief executive officer said …

JPMorgan CEO Jamie Dimon slammed crypto as dangerous

JPMorgan CEO Jamie Dimon slammed crypto as dangerous

The billionaire banker argued that bitcoin and other speculative tokens don't do anything, and facilitate fraud, theft, and money laundering.

US stocks drop for a 3rd day as Treasury yields spike and recession fears grow after Fed rate hike

US stocks drop for a 3rd day as Treasury yields spike and recession fears grow after Fed rate hike

The Fed-policy-sensitive 2-year Treasury yield rose to 4.1% for a fresh 15-year high. The 10-year Treasury yield leapt 19 basis points to 3.7%.

JPMorgan Chase CEO Calls Crypto Tokens Like Bitcoin 'Decentralized Ponzi Schemes'

JPMorgan Chase CEO Calls Crypto Tokens Like Bitcoin 'Decentralized Ponzi Schemes'

Jamie Dimon testified at a hearing alongside other big-bank CEOs — and made pointed comments about crypto.

5 Overhyped Stocks on Wall Street to Avoid Right Now

5 Overhyped Stocks on Wall Street to Avoid Right Now

Wall Street has been abuzz with the return of the meme stocks craze over the past few months. However, as the stock market is expected to remain under considerable pressure...

Videogamedunkey (Yes, That Dunkey) Is Starting an Indie Publishing Company Called Bigmode

Videogamedunkey (Yes, That Dunkey) Is Starting an Indie Publishing Company Called Bigmode

<ol><li>Videogamedunkey (Yes, That Dunkey) Is Starting an Indie Publishing Company Called Bigmode  Twinfinite </li><li>Videogamedunkey Launches New Indie Game Publisher  ComicBook.com </li><li>YouTube legend Dunkey launches his own video game publisher, Big…

Expanding access to the future of work with crypto payouts

Expanding access to the future of work with crypto payouts

Stripe now reaches a majority of the globe: 4.4 billion people in more than 110 countries can receive funds in local currencies or crypto.

Alex Jones Managed to Shill Products and Ask For Crypto Donations While Testifying In Court

Alex Jones Managed to Shill Products and Ask For Crypto Donations While Testifying In Court

Jones mumbled, digressed, yelled, and shilled his way through a heated, shambolic day of testimony.

Cambodian authorities crack down on cyber slavery amid international pressure

Cambodian authorities crack down on cyber slavery amid international pressure

Lured by fake jobs, victims are isolated abroad and forced to carry out crypto, romance scams and more Authorities in Sihanoukville, Cambodia announced on Sunday that a raid last week uncovered evidence of forced labor cybercrime syndicates that participated …

Dubai's crypto regulator grants Binance a license to offer domestic bank accounts, an asset exchange, payments and custody services, and more (Camomile Shumba/CoinDesk)

Dubai's crypto regulator grants Binance a license to offer domestic bank accounts, an asset exchange, payments and custody services, and more (Camomile Shumba/CoinDesk)

Camomile Shumba / CoinDesk: Dubai's crypto regulator grants Binance a license to offer domestic bank accounts, an asset exchange, payments and custody services, and more  —  The exchange had previously secured a license to offer limited crypto exchange produc…

South Korea details more "abnormal" foreign exchange transactions, most related to crypto, bringing the total to $7.2B since June; 72% went to Hong Kong (Kyungji Cho/Bloomberg)

South Korea details more "abnormal" foreign exchange transactions, most related to crypto, bringing the total to $7.2B since June; 72% went to Hong Kong (Kyungji Cho/Bloomberg)

Kyungji Cho / Bloomberg: South Korea details more “abnormal” foreign exchange transactions, most related to crypto, bringing the total to $7.2B since June; 72% went to Hong Kong  —  South Korea confirmed more cases of “abnormal” foreign-exchange transactions,…

Immunefi, which helps crypto services create bug bounty programs, raised a $24M Series A led by Framework Ventures (Yogita Khatri/The Block)

Immunefi, which helps crypto services create bug bounty programs, raised a $24M Series A led by Framework Ventures (Yogita Khatri/The Block)

Yogita Khatri / The Block: Immunefi, which helps crypto services create bug bounty programs, raised a $24M Series A led by Framework Ventures  —  - Immunefi has raised $24 million in Series A funding led by Framework Ventures.  — The startup hosts bug bounty …

Sources: seeking to increase profits, Coinbase hired Wall Street traders and explored using its own cash to trade crypto in 2021, including a $100M transaction (Gregory Zuckerman/Wall Street Journal)

Sources: seeking to increase profits, Coinbase hired Wall Street traders and explored using its own cash to trade crypto in 2021, including a $100M transaction (Gregory Zuckerman/Wall Street Journal)

Gregory Zuckerman / Wall Street Journal: Sources: seeking to increase profits, Coinbase hired Wall Street traders and explored using its own cash to trade crypto in 2021, including a $100M transaction  —  The company completed a $100 million transaction befor…

Iran’s protesters have had enough after Mahsa Amini’s death

Iran’s protesters have had enough after Mahsa Amini’s death

Here's a round-up of Al Jazeera's Middle East coverage this week.

The Bear Market Comes for Crypto CEOs

The Bear Market Comes for Crypto CEOs

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Emily Nicolle takes stock of the recent spate of crypto CEO departures:

Now That Ethereum's Merge Happened, What's Next?

Now That Ethereum's Merge Happened, What's Next?

The highly anticipated software upgrade has been completed; now a look to its effects on the crypto ecosystem moving forward.

Transcript: Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws

Transcript: Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws

Stablecoin regulation has become a hot topic, and for very good reason. For one thing, it's an extremely fast-growing space. Stablecoins are also a primary way that the crypto industry interacts with the banking system. And beyond that, as we know, crises oft…

Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws

Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws

Tim Massad explains how it can be done

The SPAC King Folds, Ending the Blank-Check Frenzy

The SPAC King Folds, Ending the Blank-Check Frenzy

Chamath Palihapitiya pioneered a new way of raising money. Now he’s giving $1.6 billion back, and his preferred investment vehicle looks increasingly like a passing fad.

Mysterious Black Janitor Annoyed To Be Wasting His Folk Wisdom On White Man Asking Crypto Advice

Mysterious Black Janitor Annoyed To Be Wasting His Folk Wisdom On White Man Asking Crypto Advice

SEATTLE—Expressing frustration that his ageless insights were being utterly squandered by the overeager mid-level executive, a mysterious and potentially supernatural Black janitor was reportedly annoyed Thursday to be wasting his folk wisdom on a white man a…

Why Ethereum Underperformed Altcoins Today

Why Ethereum Underperformed Altcoins Today

Crypto markets were mixed and there were some big winners today.

What Does 'To The Moon' Mean in Cryptocurrency?

What Does 'To The Moon' Mean in Cryptocurrency?

Investors in crypto often use the phrase “to the moon” on social media to express their hopes for soaring valuations.

This Popular Crypto Could Double in Value in 2023

This Popular Crypto Could Double in Value in 2023

Innovation in areas ranging from NFTs to Web3 could propel Polygon to triple-digit gains next year.

What Is a 51% Attack?

What Is a 51% Attack?

As with all digital systems, cryptocurrencies can be subject to cyberattacks. Here’s what a 51% attack is and what it means for investors.

Is Moore’s law actually dead this time? Nvidia seems to think so

Is Moore’s law actually dead this time? Nvidia seems to think so

Chips "going... down in price is a story of the past," CEO says.