JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in a 95% chance that the U.S. will see a 50 bps rate hike this month. Although, while some expect a hawkish Fed, some believe the U.S. central...
PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm, published its “4th Annual Global Crypto Hedge Fund Report” last week. It was produced together with the Alternative Investment Management...
Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview with CNBC Monday. “We are in a bloodbath,” he said. “This is...
YouTube and Facebook Are the Top ‘Pirate Sites’ in Denmark
Over the past two years, Danish law enforcement authorities have effectively dismantled the once-thriving local torrent tracker scene. These enforcement actions were combined with various court orders that compel Internet providers to block pirate sites. In theory, these efforts should be the perfect environment for piracy to decrease. On the ground, the opposite is happening. Piracy Rises in Denmark Danish anti-piracy group Rights...
The U.S. ‘Small’ Copyright Claims Board Goes Live this Week
At the end of 2020, US Congress passed new legislation that officially introduced a “small claims” process for copyright disputes. The CASE Act, short for “Copyright Alternative in Small-Claims Enforcement,” established a copyright claims board within the United States Copyright Office. This three-member tribunal provides an option to resolve copyright disputes outside the federal courts, which significantly reduces the associated...
