Editor’s Choice

Wall Street ended October with a brutal selloff, wiping roughly $2 trillion from the Nasdaq-100’s market value as investors questioned whether the artificial intelligence boom could justify its enormous costs. The damage was concentrated in technology stocks. Intel collapsed nearly 29% on Friday, Reddit fell 29%, and Google parent Alphabet lost more than $500 billion…

China’s AI stock bubble keeps deflating. On October 27, the STAR50 index fell 4.81%, extending a roughly 40% slide from July that erased about $480 billion. Bitcoin, however, holds near $80,400, and two scenarios could decide whether the selloff reaches crypto. Scenario One: Why Global Contagion Could Hit Bitcoin The greater near-term danger is a…

Israel’s election has ended without a clear winner, leaving the future of its war with Iran uncertain. The political deadlock could have major consequences for global oil prices, inflation and financial markets. Exit polls on Tuesday, October 27, showed Prime Minister Benjamin Netanyahu’s coalition trailing the opposition led by former military chief Gadi Eisenkot. Neither…

Brazil just witnessed one of the most shocking election results of the year, as incumbent president Luiz Inácio Lula da Silva was re-elected by defeating right-wing candidate Flávio Bolsonaro, with a narrow 51.77% vote. And this result will likely have a massive impact on Brazil’s financial markets and stock market.  Lula’s victory confirms a scenario…

The world economy is entering a dangerous period, but a Great Depression-style collapse is still a remote possibility.  A prolonged economic slowdown, further stock-market corrections, and a potential recession in some major economies are much more credible risks. What’s more concerning is a combination of problems developing simultaneously. Individually, these problems are manageable. Together, they…

A critical security threat affecting millions of websites has raised concerns for cryptocurrency users, particularly those using smaller exchanges and crypto payment services. On Wednesday, October 21, PHP developers released emergency patches for two vulnerabilities known as PHP2Shell, rated 9.2 out of 10 for severity. The flaws could allow hackers to access vulnerable servers without…

Everywhere you look, financial media and conference panels are preaching the same gospel: autonomous AI agents are about to take over finance and spend serious capital on our behalf. A new BeInCrypto Intelligence report, published in collaboration with AWS, Cloudflare, Chainalysis and Zoomex, finds a striking gap between the promise of autonomous finance and what…

French lawmakers have voted to tax crypto investors who move their profits into stablecoins, just as protests over living costs have erupted into some of the country’s worst riots in years. On October 16, France’s National Assembly approved an amendment by 38 votes to 37, with 25 abstentions.  It would make certain crypto-to-stablecoin conversions taxable…

Revolut customers trying to check their crypto and stock investments on Tuesday morning found their portfolio balances missing. Several users told BeInCrypto that their investment screens had gone blank as a major outage hit the financial platform. For crypto investors, the timing of such failures is critical. Bitcoin and other digital assets trade around the…

Many of the business elites in Venezuela worry that replacing the bolivar with the US dollar would remove Venezuela’s ability to devalue its domestic currency against the dollar, and that the inability would make Venezuela uncompetitive. The elites’ worries are unfounded. But many believe that a country can devalue its way to prosperity, because the…