Crypto News

‘Dumb Money’ Investors Pouring into Virus Stocks; They’re About to Get Wrecked

Retail traders are ditching Virgin Galactic as the space exploration stock collapses from its all-time highs. The retail crowd is flooding into biotech stocks on speculation that they may benefit from the Wuhan coronavirus outbreak. These “dumb money” investors are setting themselves for failure. Many will see their investments evaporate as institutional investors pull the […]

Ethereum

‘A Loan Shark Situation’: MakerDAO Is Leaving Crypto Borrowers With Rising Bills – And They’re Crying Foul

The Takeaway An ethereum protocol for programmatic lending, MakerDAO emerged as a clear market leader in part for its rock-bottom interest rates of 0.5 percent. But the code behind MakerDAO requires interest rates to do more than extract business from borrowers, it’s a technological necessity for keeping its DAI stablecoin worth $ 1. With interest […]

Crypto News

Crypto Winter? Winklevoss Twins Say They’re ‘Totally at Home’ in this Market Climate

Advertisement Cameron and Tyler Winklevoss, early bitcoin investors and founders of the Gemini crypto exchange, don’t seem to be deterred by the current market slump. In fact, speaking to Bloomberg recently, Tyler Winklevoss said, “We’re totally at home in winter.” The twins confirmed they are pushing ahead with their firm’s plans, including a new mobile […]