Mark Mobius predicts bitcoin could crash 40% to $10,000 next year
Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor Mark Mobius told CNBC on Thursday.
Financial News
European Central Bank says bitcoin is on the ‘road to irrelevance’
The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX.
‘Losing is not an option’: Putin is ‘desperate’ to avoid defeat in Ukraine as anxiety rises in Moscow
Moscow faces what’s likely to be months more fighting, military losses and potential defeat.
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
BlockFi was one of the first firms to be “rescued” by former billionaire Sam Bankman-Fried’s FTX earlier this year.
Black Friday online sales top $9 billion in new record
Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe.
Omicron BQ Covid variants, which threaten people with compromised immune systems, are now dominant in U.S.
The BQ coronavirus subvariants are likely resistant to key antibody medications used by people with compromised immune systems.
These economies are booming as Putin’s war drives migrants and money out of Russia
As many economies reel from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from an influx of Russian migration and accompanying wealth.
Mainland China’s total daily Covid cases soar above Shanghai lockdown highs
Mainland China reported more than 31,000 Covid infections for Wednesday, including asymptomatic cases.
Apple and Elon Musk’s Twitter are on a collision course
Elon Musk has announced big plans for Twitter since he took over the social network last month.
FTX lawyer calls this case ‘a different sort of animal’ in first bankruptcy hearing
In the first day of the bankruptcy hearing for collapsed crypto exchange FTX, lawyers for the company were able to get the proceedings moved to Delaware.