Speaking with CNBC’s Brian Sulivan, she discussed the confusion in the market around Bitcoin being a hedge against inflation in comparison to gold which has recently reached a five-month high in response to inflation. The head of market insights stated: Bitcoin following Gold In addition, Acheson went on to say that Bitcoin has not been tested as an inflationary asset because it has not been around long enough; gold, on the other hand, has been around long enough to be tested; however, the correlation between gold and inflation is actually quite low....

Speaking to Yahoo Live, Zhao noted that despite criticism by Buffett, investing in cryptocurrencies is not for everybody, adding that the billionaire is at a different stage in his life. According to Zhao, he cannot convince Buffett to invest in crypto because he is concerned the billionaire might not be aware of keeping his assets safe. The CEO added that they have a similar investment strategy alongside Buffett, considering the firm holds a small number of stocks that he knows well....

On the whole, a company from the S&P 500 index which has seen the greatest drawdown while its earnings improved is Penn National Gaming (NASDAQ: PENN), which lost 78.6% from its peak. In its latest report, the company managed to have a revenue of $1.56 billion, an increase of 22.8% year-on-year (YoY), which also beat earnings estimates by $30 million. Alternatively, earnings per share (EPS) were $0.29, which represented a miss of $0....

Takuma Sasaki, 28 and Yuto Onitsuka, 25 got arrested by the Metropolitan Police Department’s cybercrime unit. They were booked in for computer fraud charges according to investigative sources. The two individuals may have accessed the account of a Tokyo-based crypto management firm on CoinExchange. They stole the funds in bitcoin from that account on October 29, 2018. The stolen bitcoin ended up in two accounts managed by these suspects on domestic and foreign exchanges....

Data presented by Finbold reveals that the total value locked (TVL) in the Bitcoin Lightning Network has increased by 1,273% in a year, reaching $165 million, according to the latest data from DeFi Pulse. The TVL increased from $12.05 million, on October 10, 2020, to $165.55 million, which was locked on October 7, 2021. Furthermore, the TVL on Lightning Network saw a 47% increase in only one month from September 8, 2021, to October 7, 2021, indicating a clear momentum around the technology....

In other news, a judge in Uruguay ordered Pfizer (NYSE: PFE) to provide ‘extensive details’ on the composition of their Covid vaccine along with data showing the safety and efficiency of the vaccine, all that within a short time period. Meanwhile, the covid pandemic made both of these companies household names, as they profited big from the vaccines. The biggest of them, like the two above, are sitting on substantial cash, which is ready to be deployed, as evidenced by AZN’s acquisition....

The Director General for financial services, Gwyneth Nurse, said the implementation of distributed ledger technology (DLT), which is the technology underpinning cryptocurrencies, is a significant priority for the ministry’s efforts to make the infrastructure of financial markets more creative and user-friendly, according to a statement made by the Ministry of Finance on Tuesday, June 7 Reuters reported. As per Nurse, the United Kingdom plans to build a “sandbox” for testing DLT initiatives inside its financial market infrastructure the next year....

Counsel for the Commission and JAFX have discussed a negotiated resolution of problems raised in the Commission’s Complaint in good faith, according to FinanceFeeds. Supplemental Consent Order Due to these discussions, JAFX and the Commission have jointly entered a Supplemental Consent Order of Permanent Injunction and Other Equitable and Statutory Relief. The order proposes that JAFX should pay a civil monetary penalty of $600,000. Then, the proposed Supplemental Consent Order will resolve all the remaining issues....

Speaking to Kitco News, Holmes stated that gold has the historical backing of being a safe haven asset during periods of war and political tensions. He noted that the market should not mistake gold’s poor 2021 performance as the reason to shun the asset. Holmes acknowledged that although Bitcoin is emerging as a critical alternative, the asset is yet to prove itself, considering it’s still a young asset class. However, Holmes believes that once Bitcoin beats several hurdles like regulations, it will take over gold as the go-to safe haven....

Many airlines are still determining how the COVID-19 pandemic will affect passenger demand and how it will impact their financial strength. Carriers are adopting various strategies to keep up with decreasing demand during and after the crisis. Virgin Atlantic said in a press release that it would start by retiring its seven-strong Boeing 747-400 fleet. Although a few aircraft may remain for cargo and repatriation flights, the 747s will leave the fleet effective immediately....

VirgoCX, founded in 2018, is Canada’s leading regulated cryptocurrency trading platform, committed to providing customers with innovative technology, exceptional liquidity, and top-notch security. It’s worth noting that during the first half of 2021, the rapidly growing platform recorded more than $300 million in total trade volume. Why users choose VirgoCX trading platform Firstly, VirgoCX prioritizes making the platform a secure digital currency trading platform that provides both retail and institutional investors with a solid trading experience for cryptocurrencies and stablecoins....

While speaking during the Berkshire Hathaway Annual Shareholder meeting, Buffett rationalized Bitcoin’s lack of tangible value while referencing how sectors like agriculture and real estate have more tangible returns, unlike Bitcoin. He stressed that even if he is offered all the Bitcoin for the cheapest price, he would likely sell it back given the asset’s lack of utility. Furthermore, Buffett appeared to question Bitcoin’s origin as a product of an individual, Satoshi Nakamoto, who remains anonymous....

With this in mind, Finbold asked the ChatGPT chatbot to share expectations on the likely winner of the widely publicized lawsuit in the cryptocurrency sphere, as well as the persuasiveness of the arguments coming from the legal teams of both the regulator and the blockchain company. What did ChatGPT say? In response, ChatGPT admitted that it was “difficult to predict” which of the two sides is likely to win the lawsuit focused on the XRP token sold by Ripple “as the outcome will depend on the evidence presented and the arguments made by both sides....

So, what can scammers do with someone’s phone number? This article will teach you different types of WhatsApp scams, how to protect yourself from being scammed, and a lot more about the subject. Types of WhatsApp Scams It’s relatively easy to detect a WhatsApp scam because cybercriminals often use the same script with slightly tweaked wording/processes. For that reason, most scams fall into one of the following categories. Category #1: Impersonation Scams In this scenario, the scammer pretends to be the victim’s loved one or friend and then asks for financial help or other sensitive information....

But what do the minutes on Messenger mean anyway? You will see minutes in different areas of Messenger. In all those cases, the minutes let you know “the last time” — the last time someone used Messenger, the last time they were online, and the last time a message was sent in the chat. It is about a time in the past. Let’s talk about this in more detail....

Knowing the slang is necessary if you want to go along with modern-day Chat. One of them is ‘STR.’ So, what does ‘STR’ mean on Snapchat? Sometimes the meaning of ‘STR’ can vary with the context. Therefore, this Article will address every intent of ‘STR’ on Snapchat. What Is “STR” on Snapchat? ‘STR” on Snapchat usually means ‘send to receive.’ ‘STR’ is an excellent way to cut a long story short....

So, what does “ty” mean on Snapchat? After all, being able to decode common abbreviations and acronyms quickly can help make using Snapchat (and other social media platforms) a more enjoyable experience. This article is all you need to know about how and where to use TY and that too according to the situation, so let’s get straight into it! Why Use “Ty” on Snapchat? This is a short, simple way to show your appreciation for something....

It can be frustrating when you’re texting on Facebook and have no air about what the talk is about. People communicate through Facebook and form disparate meanings for abbreviations. You can get confused as the terms look alike. Have you also been puzzled about what BWT means on Facebook, or have you misinterpreted BWT by BTW? No need to pull your hair out. We’ve got you covered will all possible meanings of BWT on Facebook....

On Slack, you can join your team to work together and monitor the activities of each member. Slack offers various icons to imply multiple things, such as the green dot, which displays that you are currently online. First, we will cover what Slack is. Next, we will focus on what a green dot with Z means and why someone may turn it on. Still, we will see the steps for turning on the icon and its shortcut commands....

We are talking about the “flag” feature that confused some Instagram users. What does it mean when you flag someone on Instagram? Is flagging a post the same as flagging a message? You may have many questions about the flagging feature on Instagram. We are here to answer all these questions and clear any confusion you may have. However, a while back, Instagram had the feature to flag important chats to be easily accessible in the direct messages section....