Monthly Archives: January 2023
$1.4 trillion wipeout hits crypto industry at World Economic Forum.
(CNBC) Over the past few years at the World Economic Forum in Davos, Switzerland, the number of cryptocurrency industry attendees has boomed. But after a near $1.4 trillion wipeout in 2022, the crypto industry is being a bit more reserved […]
Carvana adopts ‘poison pill’ and sells $4 billion of auto loans
(CNBC) Carvana has adopted a “poison pill” to limit shareholders from raising their stakes and has reached an agreement to sell up to $4 billion of auto loans, the struggling used car retailer said on Tuesday. The company’s shares gained […]
Los Angeles Individual Charged with Perpetrating a $47 Million Affinity Fraud Targeting Members of the Orthodox Jewish Community
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed charges against Yossi Engel for perpetrating a $47 million affinity fraud from December 2018 to January 2020, targeting at least 29 members of the Orthodox Jewish community. The […]
Stock futures tick lower as investors look to corporate earnings
(CNBC) Stock futures were down slightly Monday night as investors attempted to keep building on early 2023 momentum and looked ahead to more corporate earnings. Futures tied to the Dow Jones Industrial Average lost 14 points, or just under the […]
House Republicans move to regulate crypto industry with a new subcommittee
(CNBC) Republican lawmakers announced late Thursday the launch of a new subcommittee that will oversee the crypto and fintech industries, the first of its kind in the U.S., after a tumultuous period for digital currencies. French Hill of Arkansas will […]
Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run
(CNBC) After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of […]
New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022
(CNBC) Bitcoin has begun 2023 on a positive note, with the price of the world’s largest digital token up roughly 26% since the start of January. On Saturday, bitcoin’s price rose above $21,000 per coin for the first time since […]
Founders of bankrupt Three Arrows Capital pitch new platform for crypto debt claims
(CNBC) The co-founders of failed cryptocurrency hedge fund Three Arrows Capital are now courting investors for a new venture that looks to capitalize on a growing list of bankruptcies in the space. Kyle Davies and Su Zhu are listed as […]
Profits at Crispin Odey’s hedge fund group down by 50%
(Hedgeweek) Profits at Crispin Odey’s hedge fund business halved during the company’s last financial year ended 5 April, 2022, on the back of a sharp drop in performance fees, according to a report by Financial News. To read this article:
Hedge funds bet on rapid China Covid recovery
(Hedgeweek) Hedge funds and other professional investors are betting that China’s economy will successfully reopen and return to a pre-pandemic “normal” after the country ended most “Zero Covid” controls, according to a report by CNBC. To read this article:
Inflation is expected to have declined in December, but it may not be enough to stop the Fed
(CNBC) The pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices, but the annual rate is still likely to remain uncomfortably high. According […]
Why the Winklevoss brothers are in a $900 million crypto faceoff with Barry Silbert
(CNBC) Cameron Winklevoss and Barry Silbert were both early believers in bitcoin who made a fortune on their investments and built big businesses along the way. For nearly two years, they enjoyed a mutually beneficial partnership that made their customers […]