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Bitcoin gains ground in gold vs. crypto debate
When gold maximalist Debra Robinson jeered, “Imagine paying $118k for a set of man-made numbers,” she echoed a familiar skepticism among precious metal enthusiasts. Lyn Alden, a respected macro a...

Billionaire Ray Dalio Warns of Potential 1970s-Style Stagflation, Says There’s ‘Not Enough Money To Go Around’
Bridgewater Associates founder Ray Dalio says that a period of stagflation similar to the one witnessed in the 1970s could be approaching. In a new interview with David Rubenstein, Dalio addresses the...

Bank of America Unveils S&P 500 Targets As Wealth Advisory Firm Says Investors Pricing In Goldilocks Scenario for Stock Market: Report
Bank of America (BofA) believes corporate America will send the S&P 500 soaring to new all-time high levels. Despite President Trump’s trade war, BofA strategists including Savita Subramanian and Ji...

Fold CEO Warns Altcoins To Remain Speculative, Says Bitcoin’s Market Dominance ‘Something That Can’t Be Reversed’
The chief executive of Bitcoin (BTC) financial services firm Fold is issuing a warning about altcoins, saying that the crypto king’s market dominance isn’t something that will backtrack. In a new ...

xAI explains the Grok Nazi meltdown, as Tesla puts Elon’s bot in its cars
Several days after temporarily shutting down the Grok AI bot that was producing antisemitic posts and praising Hitler in response to user prompts, Elon Musk’s AI company tried to explain why ...

Crypto Hacker Who Drained $42,000,000 From GMX Goes White Hat, Returns Funds in Exchange for $5,000,000 Bounty
A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a bounty. In a new threa...

Hong Kong Unveils Anti-Scam Charter 3.0 to Tackle Rising Digital Fraud
Hong Kong’s four financial regulators have teamed up with technology and telecommunications firms to launch the Anti-Scam Consumer Protection Charter 3.0, expanding a year-old initiative that target...

Novogratz calls out Schiff’s decade-long Bitcoin blunders
When Bitcoin skeptic Peter Schiff started yet another rant about Bitcoin today, it was too much for Galaxy CEO Mike Novogratz. As a salty Schiff began calling Bitcoin’s capped supply “meaningless�...

JPMorgan Chase CEO Says Traders May Be Seriously Mistaken on Fed Rate Cuts: Report
JPMorgan Chase chief executive Jamie Dimon thinks the U.S. Federal Reserve could actually raise rates, contrary to popular belief. Despite consensus expectations of a rate cut in the coming months, Di...

This Week In Techdirt History: July 6th – 12th
Five Years Ago This week in 2020, we looked at the encryption dilemma created by the EARN IT Act, while a federal case showed that cops already had plenty of options when dealing with device encryptio...

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