230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

230 Economists Warn the US Government's Proposed Inflation Reduction Act Will Fuel InflationLast week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. […]

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Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’

The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.” Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week […]

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Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System

Massive Gamestop Short Squeeze Highlights the Fragility of Today's Financial SystemThe bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s stock. However, members of the Reddit forum called […]

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Bitcoin’s Big Believers: 6-Digits ‘Inevitable,’ BTC Has a Better Chance of Going to $100K Than Zero

For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length. In mid-December 2017, the price […]

The post Bitcoin’s Big Believers: 6-Digits ‘Inevitable,’ BTC Has a Better Chance of Going to $100K Than Zero appeared first on Bitcoin News.

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Sources Say World’s Largest Darknet Empire Market Exit Scammed, $30 Million in Bitcoin Stolen

One of the world’s largest darknet markets (DNM), Empire Market, allegedly exit scammed after the marketplace was taken offline for a number of days this week. DNM patrons are upset about Empire Market’s departure and customers say that $30 million in bitcoin held by the darknet’s admins has been stolen. Three days ago news.Bitcoin.com reported […]

The post Sources Say World’s Largest Darknet Empire Market Exit Scammed, $30 Million in Bitcoin Stolen appeared first on Bitcoin News.

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Darknet Giant Empire Market Offline for 36 Hours, Blame Cast at Massive DDoS Attack

Darknet Giant Empire Market Offline for 36 Hours, Blame Cast at Massive DDoS AttackAccording to a number of sources, one of the largest darknet markets in the world, Empire Market has been offline for well over 36 hours. The researcher and analyst Dark.fail has been tweeting about the subject, as the market hasn’t been down for this long since 2019. It seems the popular darknet market (DNM) Empire […]

The post Darknet Giant Empire Market Offline for 36 Hours, Blame Cast at Massive DDoS Attack appeared first on Bitcoin News.

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The new Moon Token Will not go to the Moon Anytime Soon

crypto subredditThere appears to be a lot of enthusiasm regarding Reddit’s new Moon tokens. It is a very interesting asset built on top of Ethereum, and one that appears to get cryptocurrency enthusiasts rather excited. It has been coming for some time now, but different subreddits now have their own ERC-20 tokens. Moon is a new Subreddit Token In the case of /r/cryptocurrency, the token is called Moon. It is very similar to how /r/Ethtrader approached the concept of a native token several years ago. With more of these tokens being introduced for different subreddits, things are bound to get interesting.

The post The new Moon Token Will not go to the Moon Anytime Soon appeared first on The Merkle News.

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BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums

BCH-Based Microblog Member Shows the Future of Reddit-Like ForumsSince the Bitcoin Cash upgrade in May 2018, software developers have unleashed a slew of microblogging protocols that utilize OP_return transactions. One application called Member is a BCH-based browser that makes use of these types of transactions and the extra space added to the data carrier size. While still in its infancy, the Member platform […]

The post BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums appeared first on Bitcoin News.

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Former Mod Explains R/Bitcoin Censorship and Why He Was Removed

Former Mod Explains R/Bitcoin Censorship and Why He Was RemovedOn May 2, the Bitcoin.com podcast series Humans of Bitcoin published an interview with early bitcoin supporter Jason King who became a moderator for Reddit forum r/bitcoin in late 2012. During the interview, King tells podcast host Matt Aaron how the forum r/bitcoin went from a fun area on the web to an environment filled […]

The post Former Mod Explains R/Bitcoin Censorship and Why He Was Removed appeared first on Bitcoin News.

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