China’s crackdown on cryptocurrency mining has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre, Reuters has reported.
New York-based Galaxy Digital, founded by Mike Novogratz, works with over 300 institutional trading counterparties.Galaxy co-president Damien Vanderwilt told CNBC that this is the first time that Goldman Sachs used a digital assets firm as a counterparty after setting up a cryptocurrency desk in May.
Michael Burry, who is best known for shorting the 2007 mortgage bond market, warned retail investors of losses worth “the size of countries” if prices of cryptocurrencies and meme stocks decline.
Billionaire investor Mark Cuban of Shark Tank fame was hit after the cryptocurrency token Iron Titanium crashed to zero dollars following a panic selloff from a high of over $64 within hours.
Nevertheless, I’ve finally taken the baby steps in this direction and all the credit goes to my manager, Ankit Khanna for making this dream a reality for me,” said Raftaar.