WASHINGTON (AP) — The harsh sanctions imposed on Russia and the resulting crash of the ruble have the Kremlin scrambling to keep the country’s economy running. For Vladimir Putin, that means finding workarounds to the Western economic blockade even as his forces continue to invade Ukraine.Former Treasury Department officials and sanctions experts expect Russia to … Read more
The US-focused shakeout in financial markets has at least given us clarity on one point: bitcoin is not “digital gold” or a “store of value”, to mention two grand claims made about the cryptocurrency when its price was going up.At $37,000, the late-afternoon level on Tuesday, bitcoin has fallen by 22% since the start of … Read more
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we … Read more
In October this year, JPMorgan had said in a note that institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge against gold. (Image: Pexels.com)“Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto,” Goldman Sachs’ Head of Energy Research … Read more
Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve argued historically that crypto and gold do not have to cannibalize each … Read more
Queensland has recorded two locally acquired cases of COVID-19, both linked and in home quarantine, Premier Annastacia Palaszczuk announced.Both cases are female, one a child under 10 and one in her teens, and linked to the Moree cluster.Neither had been infectious in the community.Queensland COVID-19 snapshotIn the past 24 hours:Locally acquired cases: 2Other sources: 2Tests: 9,474Queensland’s vaccine rollout (percentage of … Read more
Investigations are underway to identify Uber passengers and other close contacts of a Gold Coast man who tested positive to COVID-19.The rideshare driver in his 50s from Carrara is now in hospital, has no links to known cases and was potentially infectious in the community for three days.On Wednesday it was revealed a 32-year-old man from Pacific … Read more
Online broking firm Zerodha’s co-founder Nithin Kamath on Saturday explained why his platform does not offer cryptocurrencies, US stocks, digital gold or unlisted private companies. Taking to Twitter, Kamath said that unregulated items in stock market are not the best way to buy. “When you are regulated, everything is normally black & white. People keep … Read more
The manager of the building where the Gold Coast’s latest COVID-19 case resides has been calling guests to cancel bookings while awaiting advice from Queensland Health. Key points:A Gold Coast Uber driver has tested positive to COVID-19 after returning from MelbourneThe man is believed to have been infectious in the community for 10 daysHe resides at the Island … Read more
Paul Tudor JonesLeanne Miller | CNBCBillionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold.”It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. He added, “Clearly, there’s a place for crypto. Clearly, it’s winning … Read more
By Saritha Rai,Ahead of Diwali, two of Bollywood’s leading men are pitching another option during India’s annual gold shopping spree: cryptocurrencies.India’s top two crypto platforms have each tapped stars — one, Amitabh Bachchan, may be the most famous Indian actor of all time — to promote cryptocurrencies as a superior and easy investment ahead of Dhanteras, … Read more