The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things … Read more

Why US lawmakers want bitcoin and ether to be under the scrutiny of the CFTC

Why US lawmakers want bitcoin and ether to be under the scrutiny of the CFTC

WASHINGTON — Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps. Senate Agriculture Committee Chairwoman Debbie Stabenow and top-ranking Republican John Boozman of Arkansas, are planning to introduce a bill on … Read more

Opinion: Fidelity’s bitcoin move getting all the wrong publicity

Opinion: Fidelity’s bitcoin move getting all the wrong publicity

What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of a long career. Johnson died on March 23 of this year, age 91. On April 26, just over one month later, his daughter and heir, … Read more

As crypto prices crash, some blockchain projects may be struggling to survive

As crypto prices crash, some blockchain projects may be struggling to survive

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more

Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says

Oaktree’s Howard Marks is finding bargains.  ‘I am starting to behave aggressively,’ he says

A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

As crypto prices crash, some blockchain projects may be struggling to survive

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Opinion: What Ben Bernanke and other bitcoin skeptics get wrong about crypto – even after this latest crash

Opinion: What Ben Bernanke and other bitcoin skeptics get wrong about crypto – even after this latest crash

Ben Bernanke, former chairman of the Federal Reserve, has been a vocal skeptic on bitcoin BTCUSD, -1.31%. He stated that the cryptocurrency has no underlying value and cannot act as a store of value, which renders it not credible as a currency. “If bitcoin were a substitute for fiat money, you could use bitcoin to … Read more

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

As crypto prices crash, some blockchain projects may be struggling to survive

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

Crypto crash: What contagious risks could Celsius, Three Arrows pose?  Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more

As Bitcoin and Other Cryptos Fall, Digital-Asset Firms Pump Brakes on Deals

As Bitcoin and Other Cryptos Fall, Digital-Asset Firms Pump Brakes on Deals

Plunging cryptocurrency prices are starting to throw a wrench into the plans of firms that deal in bitcoin and related areas, amplifying the impact of an already brutal market retreat. Heading into 2022, crypto deal making was hot as companies sought to stake positions in an evolving industry. So far this year, there have been … Read more