Scott Minerd, chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, believes bitcoin may struggle to stay above $30,000. In an interview with Bloomberg Television on Wednesday, Minerd said he didn’t think bitcoin‘s institutional investor base was “big enough” or “deep enough” to justify its current valuation. The Read more…
The Federal Reserve said Wednesday it would keep U.S. interest rates close to zero and continue its $120 billion-a-month bond-buying program. “The pace of the recovery in economic activity and employment has moderated in recent months,” the committee said in a statement released after the meeting of the Federal Open Read more…
Reddit is growing its role in the Ethereum ecosystem, with the goal of building out scaling tools for the blockchain network. The social media platform announced Wednesday it was expanding its work with the Ethereum Foundation to provide development resources to scaling tools. In the announcement, posted to the Ethereum Read more…
We have just learned the heart-wrenching and shocking news of the passing of Hamlet Batista. Batista was the CEO and founder of RankSense. He has been a VIP Contributor here on Search Engine Journal since 2019 and was also published on many other publications, including Search Engine Land, Search Engine Read more…
The chief banker at the bank for central banks, Agustín Carstens, cast doubt on bitcoin’s long-term viability Wednesday, saying it was only a matter of time before a 51% attack brings down the world’s original cryptocurrency. Carstens’ comments, which he delivered to the Hoover Institute, underscored his belief that bitcoin Read more…
Google is advising site owners a message that was recently sent via Search Console may contain errors due to a known bug. The message Google is referring to was sent out recommending the use of domain properties in Search Console. It begins by notifying the site owner how many impressions Read more…
The monetary revolution will be digitized … but for the vast majority of earthlings likely not anytime soon, according to central bank digital currency (CBDC) research published Wednesday by the Bank for International Settlements (BIS). To get there, though, 86% of the central banks surveyed in BIS’ third annual CBDC Read more…
Three stories EY’s blockchain lead Paul Brody thinks decentralized finance (DeFi) could be coming to everyday consumers. The EY team usually focuses its attention on enterprise blockchain, but the red-hot fintech market, and its mirror image in DeFi, has caught Brody’s eye. According to his theory, platforms such as Robinhood, Read more…
Wall Street wants to stop stocks from trading like cryptocurrencies. An active Reddit-based trading community is causing more equities to behave like characteristically volatile cryptocurrencies amid an ongoing campaign of monstrous short squeezes. In response, brokers and other financial service providers are threatening to cut off trading access to “limit Read more…
Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $29,500 [updated] at press time, representing a near 10% drop on Read more…
George Harrap, who previously led Hong Kong-based blockchain remittance startup Bitspark as CEO, is joining fintech and cryptocurrency-focused PR firm YAP Global as head of DeFi. In an announcement Wednesday, YAP Global said the new hire will help bridge the communication gap between the mainstream media and decentralized finance (DeFi). Read more…
Crypto exchange 2gether has said it is unable to reimburse all users affected by a hack last year, even after a successful fundraising effort. Since the hack, 2gether CEO Ramón Ferraz Estrada said the firm had been working raising €1.2 million to improve the company’s security and risk management, and Read more…
