Citadel CEO Ken Griffin Says Inflation May Have Peaked — Warns a Recession Is Coming

Citadel CEO Ken Griffin Says Inflation May Have Peaked — Warns a Recession Is ComingCitadel CEO Ken Griffin says inflation may have peaked but a recession is coming. “We’re in a very uncertain time for investors,” the executive cautioned, adding that the Federal Reserve “is grappling with a level of inflation we haven’t seen in a long time.” Citadel’s Ken Griffin on U.S. Economy, Inflation, Recession, and Cryptocurrency Kenneth […]

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Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch

A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported […]

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Citadel, Charles Schwab, Fidelity Join Forces to Build Cryptocurrency Trading Platform

Citadel, Charles Schwab, Fidelity Join Forces to Build Cryptocurrency Trading PlatformCitadel Securities and Virtu Financial are reportedly building a cryptocurrency trading platform with help from Fidelity Investments and Charles Schwab. “We know there is significant interest in this cryptocurrency space and we will look to invest in firms and technologies working to offer access with a strong regulatory focus and in a secure environment,” said […]

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UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin's Damaged ReputationOn Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. […]

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Citadel Plans to Start Making Markets in Crypto in Coming Months, CEO Ken Griffin Says

Citadel Plans to Start Making Markets in Crypto in Coming Months: CEO Ken Griffin SaysCitadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Citadel Getting Into Crypto The CEO and founder of financial services firm Citadel, billionaire Ken […]

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Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy

This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets supporters believe hedge funds like Melvin Capital and […]

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Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders

Robinhood Accused of Taking from Younger Investors to Benefit Wall Street TradersJournalist Logan Kane of Seeking Alpha conducted a deep dive on the practices of popular stock and cryptocurrency trading smartphone application Robinhood. According to Mr. Kane, “it seems that today’s Robinhood takes from the millennial and gives to the high-frequency trader. Not only does Robinhood accept payment for order flow, but on a back-of-the-envelope calculation, […]

The post Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders appeared first on Bitcoin News.

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