On July 13, 2022, Celsius Network LLC and affiliates filed petitions for relief under Chapter 11 of the US bankruptcy code. The case number is 22-10964 in the Southern District of New York. We decided to take a look inside the Celsius crypto bankruptcy.
The Fed is raising interest rates which is the best way to slow the economy and reduce inflation. But this approach will do nothing to fix supply chain disruptions or get Putin to bring his troops back home to Russia. Fed Chair Powell says that the US economy may be experiencing a new normal. If that is the case what will that new economy look like and what should be your investments in an economy with a new normal?
This will be the first recession in the crypto era. Which cryptocurrencies will survive the coming recession, and which will disappear?
The United States Federal Reserve is steadily raising interest rates in an effort to reduce and eliminate the worst inflation in four decades. The Fed needs to walk a fine line between doing too little and doing too much. Economist Nouriel Roubini believes they are going too far and that a recession is imminent.
Since President Biden issued an executive order regarding the future of US money and payment systems half a year ago government agencies have been considering cryptocurrencies and how to regulate them. The end result will be substantial regulation of the world of cryptocurrencies. That is the Biden warning to Bitcoin and the rest of the cryptocurrency world.
The markets were surprised a few days ago when inflation numbers came in higher than expected. There is now concern that inflation may be accelerating instead of cooling off. This is despite the US Federal Reserve raising interest rates every month.