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Twitter-famous crypto trader AIgod has brought a smile to the community after announcing he’s doubled his “Inverse Cramer” portfolio in just a month by “simply” inverse trading against CNBC’s Mad Money host Jim Cramer. In his latest tweet on Monday, the trader, who became famous on Twitter for pre-empting the fall of Terra’s collapse earlier this year, said he has …

Editor’s Note: Below is the Week 4 version of the City Economic Recovery Tracker (CERT), originally released on January 8, 2021. Visit the CERT homepage for the latest data. The economic recovery of the five cities in Investopedia’s City Economic Recovery Tracker (CERT) was mixed during the week of December 26. Houston, Chicago and Columbus all saw gains in economic …

final verdict When it comes to the best free savings accounts, you want an account that charges a low fee while earning a high APY – and ideally it comes with a few extra bells and whistles that also encourage you to save more. Ally Bank’s online savings account has it all, which is why it wins the top overall …

Pavel Durov, the founder of encrypted messaging application Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project launched the TON DNS service, …

What was the Emergency Banking Act of 1933? The Emergency Banking Act of 1933 was a bill passed in the midst of the Great Depression that took steps to stabilize and restore confidence in the American banking system. It came in the wake of a series of bank runs following the stock market crash of 1929. Among its key measures, …

What is a debt buyback offer? A debt takeover bid occurs when a company redeems some or all of its outstanding bonds or other debt securities. This is accomplished by making an offer to its creditors to buy back a predetermined number of bonds at a specified price and for a specified period of time. Companies can use a debt …

Bitcoin (BTC) hodlers are feeling the squeeze this week as repeated tests of lower levels spark increasing losses. Data from on-chain analytics firm Glassnode shows more wallets are in the red as of Aug. 23 than at any time in the past month. Over 17.5 million wallets in the red BTC/USD has seen five trips below $21,000 since the end …

Bitcoin (BTC) first drew attention to the proof-of-work (PoW) consensus algorithm, a process that demonstrated users could maintain a secure, decentralized blockchain if only at the expense of large amounts of energy. As history would have it, Bitcoin grew in popularity and faced trouble scaling to accommodate the sheer number of transactions needed. Recognizing the gap in technology, alternatives were …

Bitcoin (BTC), the world’s most-valued cryptocurrencyhas the potential to be a significant energy consumer in the future, but only if it reaches several million dollars, according to new estimates by Arcane Research. Crypto research and analytics firm Arcane Research on Monday released a report estimating the development in Bitcoin’s energy usage toward 2040. Authored by Arcane Research analyst Jaran Mellerud, …