Bitcoin, Stocks, and Inflation: A Wild Ride

Bitcoin

@bitcoin

Today's News

Bitcoin and other cryptocurrencies have seen a slight rebound after a wild ride on Thursday. Prices are back up above $19,000, but some traders say that a full recovery is unlikely. Meanwhile, Ethereum prices have climbed more than 10% in the last 24 hours.

Outline

The NYDIG bitcoin firm is laying off a third of its employees.
Bitcoin energy consumption is a feature, not a bug, according to a crypto-miner.
Big banks are kicking off earnings season with a podcast.
Here's what one billionaire thinks about bitcoin.
Google and Coinbase are surprising partners building in the crypto space.
Where will block be in 5 years?
The Biden administration is doubling down on sanctions self-harm with a possible China chip export ban and Russia aluminum sanction.
Do we need bitcoin for what it has become?
Legendary value investor Bill Miller says to buy bitcoin and 8 other stock bargains.
Ether prices climbed more than 10% in roughly 24 hours.
Suspected QAnon author Ron Watkins is shuttering his congressional campaign.
Why the gold price is broken.
Network effects and how your connections matter.
HT Token's 26% pop shows enthusiasm for Huobi acquisition but fundamental questions linger.
Checks and imbalances: Larry Ellison backs election deniers, Democrats outspend GOP in House races.
The COO of Block's bitcoin business unit explains how to get employees on board with emerging technologies.
Elon Musk's new million-dollar business to help buy Twitter.
Bitcoin: maybe it is an inflation hedge after all.
Wall Street breakfast: Mr. Market's wild ride.
Morgan Stanley's Q3 2022 earnings call transcript.
Bitcoin gaming and payments company ZEBEDEE launches new open source bitcoin initiative.
First Mover Americas: Bitcoin rebounds to $19.6K, Ether up 6%.
A huge glut of bitcoin mining rigs is sitting unused in boxes.
Bitcoin is macro, but not 'correlated' in the way you think.
First Mover Asia: Crypto trading firm Amber CEO argues bitcoin can still be an inflation hedge; cryptos' surprising rebound.
Market wrap: Crypto markets take quieter ride following Thursday's roller coaster.
Bitcoin steady above $19K even as stocks give back Thursday's wild gains.
Bitcoin unlikely to see notable recovery after Thursday's short squeeze: traders.

Bitcoin firm NYDIG lays off about a third of employees

Bitcoin company NYDIG laid off about a third of its workforce last month to cut costs, the Wall Street Journal <a href="https://on.wsj.com/3eytci4" target="_blank">reported</a> on Thursday, citing people familiar with the matter.

Bitcoin energy consumption a feature, not a bug, says crypto-miner

But it's OK because we use non-carbon energy, argues CEO Conspicuous energy consumption is a feature of the Bitcoin model, rather than a flaw, according to a crypto-miner defending the power-guzzling activity.…<!--#include virtual='/data_centre/_whitepaper_te…

Big Banks Kickoff Earnings Season (Podcast)

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

Here's What 1 Billionaire Thinks About Bitcoin

There are few billionaires who have advocated for Bitcoin like Paul Tudor Jones.

Google + Coinbase: Surprising Partners Building in Crypto

Google chose Coinbase to be its crypto payment provider. This is another step toward mainstream use for cryptocurrencies.

Where Will Block Be in 5 Years?

The popular fintech stock has been successful in the past, and it has bright prospects ahead.

Biden Administration Doubles Down on Sanctions Self-Harm: China Chip Export Ban, Possible Russia Aluminum Sanction, All Systems Go with Russian Oil Price Cap

The sanctions war situation has developed not necessarily to America's advantage.

Do We Need Bitcoin For What It’s Become?

Has bitcoin found its new identity as an asset class? And do we need it as such? This article attempts to answer that.

Legendary Value Investor Bill Miller Says Buy Bitcoin And 8 Other Stock Bargains

The famed value investor thinks stocks have come down to attractive valuations after a selloff this year.

Ether Prices Climbed More Than 10% In Roughly 24 Hours

Ether prices have enjoyed gains lately, climbing between yesterday and this morning. When seeking to explain these latest price movements, analysts provided varying interpretations.

Suspected QAnon Author Ron Watkins Shutters Congressional Campaign

From the start, Watkins' campaign has been a sloppy operation.

Why The Gold Price Is Broken

The moment inflation took off should have been the cue for gold to go non-linear. But it didn’t.

Network Effects: How Your Connections Matter

It's important for businesses to be educated on network effects in order to best utilize them and predict future hurdles.

HT Token’s 26% Pop Shows Enthusiasm For Huobi Acquisition But Fundamental Questions Linger

Price war among crypto exchanges negates the attraction of trading-fee discount.

Checks & Imbalances: Larry Ellison Backs Election Deniers, Democrats Outspend GOP In House Races

Today we look at the battle for the House, a billionaire backing election deniers, a prominent donor to Tulsi Gabbard's PAC and the campaign for a QAnon-connected candidate.

The COO of Block’s Bitcoin business unit explains how to get employees on board with emerging technologies

The COO of Block’s Bitcoin business unit explains how to get employees on board with emerging technologies Yahoo Finance

Elon Musk’s new million-dollar business to help buy Twitter

The entrepreneur no longer fighting his name has created a perfume, thus entering the beauty sector, which he has called “the finest fragrance on Earth”.

Bitcoin: Maybe It Is An Inflation Hedge After All

The September CPI print was hotter than what the market expected. Despite the elevated reading, Bitcoin rallied anyway. Find out if Bitcoin is an inflation hedge.

Wall Street Breakfast: Mr. Market's Wild Ride

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Mr.

Morgan Stanley (MS) Q3 2022 Earnings Call Transcript

Morgan Stanley (NYSE:NYSE:MS.PK) Q3 2022 Earnings Conference Call October 14, 2022 9:30 AM ETCompany ParticipantsJames Gorman - Chairman and Chief Executive OfficerSharon Yeshaya - Chief...

Bitcoin Gaming and Payments Company ZEBEDEE Launches New Open Source Bitcoin Initiative

The initiative has already cranked out five Lightning-related projects on GitHub.

First Mover Americas: Bitcoin Rebounds to $19.6K, Ether Up 6%

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 14, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes

The situation is further disrupting the economics of a sector already hit by low crypto prices and high energy costs.

Bitcoin Is Macro, but Not ‘Correlated’ in the Way You Think

We tend to use the two terms (macro and correlation) without understanding what they mean.

First Mover Asia: Crypto Trading Firm Amber CEO Argues Bitcoin Can Still Be an Inflation Hedge; Cryptos' Surprising Rebound

Michael Wu says that bitcoin offers “a better form” of storing value than any previous type of asset and that ether provides great value as a “tech infrastructure investment.”