Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate

Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate

A research paper published at Harvard University is advocating that central banks should buy bitcoin BTCUSD, +2.56% as a hedge against sanctions by other countries. The paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” was authored by Ph.D. candidate Matthew Ferranti from Harvard’s economics department, and likens central banks’ gold reserves to potential … Read more

Michael Lewis to write new book on Sam Bankman-Fried, FTX collapse: report

Michael Lewis to write new book on Sam Bankman-Fried, FTX collapse: report

Author Michael Lewis has been following former FTX CEO Sam Bankman-Fried around for the past six months and will write a book about the crypto maven known as “SBF,” a new report says. News that the author who wrote “The Big Short” and “Moneyball” was writing about FTX and Sam Bankman-Fried was first reported by … Read more

‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse

‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse

Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, as well as on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress. Bankman-Fried, founder and CEO of the … Read more

Bitcoin Prices Fall After the Fed Meeting. Powell Is Pulling the Strings.

Bitcoin Prices Fall After the Fed Meeting. Powell Is Pulling the Strings.

Bitcoin lost its gains, falling after today’s interest-rate decision and Federal Reserve Chairman Jerome Powell’s press conference. The price of Bitcoin was sitting around $20,300 in late afternoon trading, down about 1% over the past 24 hours. The largest crypto looked vulnerable to a drop below the $20,000 level and back into the $19,000 to … Read more

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry that the summer rally on Wall Street may be starting to fizzle, after stocks lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans … Read more

Here are 5 reasons why the bull run in stocks may be about to morph back into a bear market

Here are 5 reasons why the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry the summer rally on Wall Street may be starting to fizzle, after stocks quickly lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans … Read more

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

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 and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we … Read more