Crypto plunge is cautionary tale for public pension funds – ABC News

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MINNEAPOLIS — When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. Harris, 62, has attended the funerals of 34 firefighters killed in the line of duty. He was already worried about his pension after an...

‘Crypto Is an Investment in Nothing’: Charlie Munger – Decrypt

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Charlie Munger is at it again. The 98-year-old billionaire has once again scoffed at , saying that he would never in his life touch any of them. “I think anybody that sells this stuff is either delusional or evil. I won’t touch the crypto,” Munger said in an interview with the , adding that he’s...

Failed ‘Captain Tsubasa’ NFT offers window into the risks of crypto | The Japan Times

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While Japan has not yet experienced a large NFT boom, some of the country’s most famous pop culture staples have been appropriated for dubious “Web3” products. This content was originally published here.

A multi-billion crypto lender just filed for bankruptcy

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Celsius Network has filed for bankruptcy, one month after stopping customers from withdrawing funds. The crypto trading and loan company’s filing shows liabilities of $5.5 billion but assets of $4.31 billion, a $1.19 billion dollar black hole. $4.7 billion of the $5.5 billion liabilities are attributed to Celsius users, whom the filing admits may face...

‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

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The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets. Crypto markets have been pumping since the announcement of a 75 basis point interest rate hike in the United States, with experts explaining that the markets may have been initially bracing for much...

‘I just wake up and cry’: Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms – MarketWatch

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In November, Ruiz invested about $33,000 of crypto on the Voyager platform. His holdings, including more than 11,110 Cardano ADAUSD, -0.49% and 360,000 Terra Luna Classic LUNAUSD, -1.03 among others, are today worth about $5,000 as crypto prices have plunged. Now, it’s unclear if Ruiz will ever even get his coins back.   “Sometimes you want...

Why the 2022 ‘crypto winter’ is unlike previous bear markets

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A price crash, the collapse of key crypto projects, interconnected loans and the inability to repay debt have been key features of the latest downturn. This content was originally published here.

Why Do Women Prefer Trading Crypto over Forex?

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Female participation in the global crypto ecosystem has increased significantly in the last few years amid rising awareness and a wide range of trading opportunities. Just like FX, crypto is still a ‘male dominant’ space, however, the latest research reports indicate that the surging number of female crypto investors dwarves the growth of male users....

Rolex Watch Prices Fall Due To Crypto Crash, Supply Is Now Greater Than Demand

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Rolex Watch Prices Drop After Crypto Crash, With Supplies Increasing As Well For most of us, the possibility of owning a Rolex watch is the stuff of dreams. We usually end up ogling mere pictures and hoping for the chance to purchase them one day. Now, it seems like that day might come sooner than...

Ethereum Classic Almost Triples, MATIC and UNI Surge as July Brings Relief to Crypto Market

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ETC has added 184% this month, while scaling systemPolygon’s MATIC and decentralized exchange Uniswap’s UNI have gained 102% and 86% respectively, CoinDesk data show. Industry leader bitcoin (BTC) had added 20% and ether 60% at press time. The total crypto market capitalization has rebounded to $1.14 trillion from last month’s $762.82 billion low. “ETC is...