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Barry Silbert, the CEO of the Digital Currency Group, has revealed on social media he believes that 99% of cryptocurrencies “are overpriced,” after sharing details of a volatility bet he made by longing the Cboe Volatility Index (VIX). On Twitter, Silbert revealed he was longing the VIX via the ProShares Ultra VIX Short Term Futures […]
Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer.