Extreme Investor Network

Jamie Dimon calls crypto tokens ‘decentralized Ponzi schemes’

September 22, 2022September 22, 2022

JPMorgan Chase CEO Jamie Dimon likened crypto tokens to Ponzi schemes before a U.S. House Committee Oversight hearing on Wednesday, reiterating his well-known criticism of cryptocurrencies. “I’m a major skeptic on crypto tokens, which you call currency like Bitcoin. They are decentralized Ponzi schemes,” he said, pointing to the billions of dollars lost each year … Read more

23-Year-Old ‘Crypto King’ Allegedly Bilks Investors Out of Millions

September 22, 2022

How to Invest in Virtual Real Estat...

How to Invest in Virtual Real Estate - Metaverse Real Estate

23-Year-Old ‘Crypto King’ Allegedly Bilks Investors Out of Millions

A 23-year-old self-described “Crypto King” from Whitby, Ontario, a town east of Toronto, allegedly owes at least $35 million to investors in what is shaping up to be a cryptocurrency scam. More than 150 investors who handed over a collective $20 million to Aiden Pleterski and his company, AP Private Equity Limited, which reportedly invests … Read more

Stock futures tick higher a day after market sell-off from Fed rate hike

September 22, 2022

U.S. stock futures were slightly higher on Thursday morning following a big decline in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures rose 110 points, or 0.36%. S&P 500 futures added 0.27% and Nasdaq 100 futures inched 0.1% higher. Stocks closed lower on Wednesday, … Read more

Market Talk – September 21, 2022

September 22, 2022

ASIA: Taiwan will never allow China to “meddle” in its future, the government said on Wednesday, after a Chinese government spokesperson said Beijing was willing to make the utmost effort to strive for a peaceful “reunification” with the island. China claims democratically governed Taiwan as its own territory. Taiwan’s government rejects China’s sovereignty claims. China … Read more

Bitcoin Keeps Falling. Where It Could Stop and Why the Fed Isn’t Helping.

September 21, 2022

Bitcoin Falls After breaking through $25K barrier

BitcoinBTCUSD +1.09% and other cryptocurrencies slipped Wednesday as risk sentiment faltered across markets in the lead-up to the latest monetary policy decision from the Federal Reserve. The price of Bitcoin has fallen 0.3% over the past 24 hours to $19,177. The largest crypto remains firmly outside the $20,000 to $25,000 range in which it largely has traded since mid-June, … Read more

Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

September 21, 2022

With risk assets, including bitcoin, under pressure ahead of Wednesday’s pivotal Federal Reserve (Fed) meeting, pundits think markets have already incorporated a super-sized rate hike. So the focus will be on what the Fed says concerning the persistent core inflation, (core inflation strips out the energy and food components), and the labor market and demand conditions that … Read more

Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most

September 21, 2022

It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday. The Fed is expected to fire off another three-quarter point rate hike — its third in a row. It will also release quarterly forecasts … Read more

Market Talk – September 20, 2022

September 21, 2022

ASIA: China left its benchmark interest rates unchanged at a one-month peg on Tuesday, as expected, as authorities appeared to delay immediate monetary easing after the local currency fell sharply and central banks tightened policy elsewhere. The one-year prime rate (LPR) was left at 3.65%, while the five-year LPR remained unchanged at 4.30%. The stable … Read more

Indonesia to tighten rules for crypto exchanges, ensure more local control

September 20, 2022

JAKARTA (Reuters) – Indonesia’s trade ministry plans to issue a new rule governing crypto asset exchanges, requiring two-thirds of the board of directors and commissioners to be Indonesian citizens and reside in the country, a deputy minister said Tuesday. The measure comes following financial issues faced by Southeast Asia-focused cryptocurrency exchange Zipmex, which temporarily prevented … Read more

Best Bitcoin Casino India 2022 Betbeard

September 20, 2022

Mumbai, India –News Direct– BetBeard Betbeard is the best crypto gambling site in India. It has more than 4 000 video slot games, bespoke sports betting section with cricket markets especially for Indian players and live casino with table games such as blackjack and roulette. Betbeard requires no verification and pays out winnings in seconds making it … Read more