What the dot-com bust can teach us about the crypto crash
Lessons from the crypto crash: Just like in the aftermath of the dot-com bust, the crypto market now has to trim the fat. The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a weighing machine in the long run. While Graham likely would have been skeptical at best about crypto and its built-in volatility had he lived to see it, his economic theory nevertheless applies to certain aspects therein.Since the emergence of altcoins, the blockchain space has operated almost exclusively as a “voting....
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New York City Mayor-elect Eric Adams plans to make NYC the center of crypto and innovation. He says we must open our schools to teach cryptocurrency and blockchain technology, noting that bitcoin is “a new way of paying for goods and services throughout the entire globe.”
NYC Mayor-Elect Wants Schools to Teach Bitcoin, Crypto, Blockchain
New York City Mayor-elect Eric Adams talked about making NYC the center for innovation and cryptocurrency in an interview with CNN Business Sunday. He also explained the reasoning behind his tweet saying that he will take his first....
Revolut has entered the crypto educational sector with a new initiative designed to foster “financial literacy.” The program, which will teach crypto newcomers the basics of digital assets, starts with a primer on all things Polkadot – and there’s $15 of DOT up for grabs. Crypto saving app and debit card service Revolut has been […]
Hungary plans to be the first country in the world to erect a statue of Satoshi Nakamoto, as a life-size bronze bust of Bitcoin’s creator will be displayed in Budapest. The bronze bust design is being constructed by two sculptors, Tamás Gilly and Réka Gergely. A Reflective and Hooded Bronze Bust of Satoshi Nakamoto to be Erected in Budapest A statue of Satoshi Nakamoto is being created to be erected in Budapest, Hungary when the project is complete. The creators of the bronze bust, Tamás Gilly and Réka Gergely, have recently revealed design plans for the....
In 2015, more than a million refugees from the Middle East sought asylum in Europe, in particular those from Syria, with many landing in Greece. Resettlement of these new immigrants can prove challenging because of a difference in language, culture, and education. A new blockchain-based startup, Match & Teach Me (which recently won 1st prize in a competition for innovation at the National Technical University of Athens), aims to solve the education problem by psychometrically matching the learning and teaching styles of refugees and teachers for a more effective education process.....
3AC downfall has led to a multi-billion dollar cascade that has claimed the likes of Celsius, Voyager and many other crypto lending firms with exposure to the hedge fund. Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market. However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted crisis brought upon by an unchecked decision-making process.To put it concisely,....