Standard Chartered
Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse
The value of Bitcoin (BTC) is being touted to drop as low as $5,000 in 2023 according to Standard’s Chartered global research head and chief strategist. As initially reported by Bloomberg, a note to investors published on Dec. 4 from the multinational bank’s chief strategist Eric Robertsen weighed-up a potential drop in Bitcoin’s value correlated with a surge in physical Gold. Robertsen outlined prospective scenarios for 2023 that could see interest rate reversals from hikes in 2022, further cryptocurrency sector bankruptcies and negative sentiment towards the market. This could include further downside for Bitcoin next year, with a 70% decline from its current market value while Gold could see an upside of up to 30% to the $2,250 mark per ounce. The closing months of 2022 have been tumult...
Major banks moved vast sums of illicit money – investigation
Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations. “Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financi...
Another Premier League player tests positive for novel coronavirus
A third first-team player from Brighton & Hove Albion tested positive for COVID-19 on Saturday, the Premier League club’s chief executive Paul Barber has confirmed. Two Brighton players had contracted the novel coronavirus in March and April and the latest positive result could cast doubts on the Premier League’s plans to resume the season that has been suspended due to the pandemic. Clubs are due to meet on Monday to further discuss “Project Restart” which envisages a return to play in June once given the green light from government, with the remaining 92 matches held behind closed doors at neutral venues. “It is a concern. Unfortunately we’ve had a third player test positive yesterday,” Barber told Sky Sports on Sunday. “So despite all of the measures that we’ve been taking over the ...
