Crypto parties are still raging in the bear market. Here’s what it’s like at Mainnet, where tickets cost $2,100 and attendees network on yachts.

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Alexander Spatari/Getty Images Crypto enthusiasts, Web3 founders, and investors convened at Messari Mainnet in New York City this week.  The tone was firmly upbeat, despite bitcoin, ether, and other digital assets struggling through a bear market.  Here's a look inside the event from Insider's Phil Rosen.   The Messari Mainnet crypto conference in New York drew about 2,000 attendees in person this week, with bullishness still running high and conference-goers ready to party — even as bitcoin and ether, the two largest cryptocurrencies by market cap, are each down more than 60% this year. "Enthusiasm is definitely back to where we were…

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Over 260 of the most promising startups of 2022 in edtech, fintech, crypto, proptech and more, according to VCs

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From left to right: Rebecca Kaden, Aaron Holiday, Edith Yeung, and Jules MillerUnion Square Ventures; 645 Ventures; Race Capital; Mindset Ventures; Marianne Ayala/Insider We asked hundreds of top venture capitalists to name the most promising startups of 2022.  VCs were asked to name companies inside and outside of their portfolios. They delivered an exciting list across industries like fintech, healthcare, edtech and more. Each year, we reach out to hundreds of VCs at nearly 100 firms and ask them to tell us which early stage startups are the most promising of the year.VCs were asked to name startups within their…

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Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade, MicroStrategy’s Michael Saylor says

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MicroStrategy CEO Michael SaylorJoe Raedle/Getty Images MicroStrategy's Michael Saylor said bitcoin could return $68,000 in four years and then hit $500,000 within the next decade.  At the MarketWatch Best New Ideas in Money Festival on Wednesday, the bitcoin bull shared his thoughts on the world's largest cryptocurrency.  While bitcoin has shed roughly 60% so far in 2022, MicroStrategy has continued to buy the dip on the token. MicroStrategy co-founder and CEO Michael Saylor expects bitcoin to return to its November high of nearly $69,000 within the next four years, and said the token could hit $500,000 sometime in the next…

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JPMorgan CEO Jamie Dimon slammed crypto as dangerous – and called bitcoin a Ponzi scheme

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Jamie Dimon.Kimberly White/Getty Images Jamie Dimon slammed bitcoin and some other crypto as "decentralized Ponzi schemes." The JPMorgan CEO said they enable theft, money laundering, and other crimes. However, Dimon touted blockchain and said he would welcome a properly regulated stablecoin. Jamie Dimon has doubled down on his disdain for bitcoin and some other cryptocurrencies, arguing they serve no purpose beyond vacuuming up new buyers' money to pay out profits to their existing holders."I'm a major skeptic of crypto tokens, which you call currency, like bitcoin," the JPMorgan CEO told the House Financial Services Committee on Wednesday."They are decentralized Ponzi…

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The crypto bear market will continue if bitcoin confirms its recent breakdown below $20,000, Fairlead’s Katie Stockton says

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Bitcoin price graphicGetty ImagesThe crypto bear market is likely to continue if bitcoin confirms its recent breakdown below $20,000, according to Fairlead Strategies.The technical analysis-based research firm said secondary support for bitcoin stands at $13,900."Short-term momentum has shifted negative per a new daily MACD 'sell' signal," Fairlead said.The crypto bear market is likely to continue as long as bitcoin confirms its recent breakdown below $20,000, according to a Tuesday note from Fairlead Strategies.The technical analysis-focused research firm highlighted that bitcoin is currently testing a support range of between $18,300 and $19,500 following last week's CPI-induced sell-off. Bitcoin was down about…

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Michael Saylor’s MicroStrategy buys the dip with fresh $6 million bitcoin purchase, adding to its crypto stockpile

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Michael Saylor is facing a $100 million lawsuit for tax evasionMarco Bello/Getty Images MicroStrategy said it bought roughly $6 million in bitcoin between August 2 and September 19. Michael Saylor's firm bought the 301 bitcoin tokens for an average price of about $19,851. The company holds more than 130,000 bitcoins, acquired for a total price of about $3.98 billion.   MicroStrategy, helmed by famed bitcoin-bull Michael Saylor, purchased about $6 million in bitcoin between August 2 and September 19, a Tuesday SEC filing showed.That's good for about 301 bitcoin, bought at about an average price of $19,851 per token using excess…

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Sam Bankman-Fried’s Alameda will repay $200 million in crypto to bankrupt lender Voyager – after the crash hit dollar values

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FTX Cryptocurrency exchange CEO Gabe Bankman-Fried at a hearing on Capitol Hill on May 12, 2022.Tom Williams/CQ-Roll Call via Getty Images Sam Bankman-Fried's Alameda plans to give crypto worth $200 million to Voyager to pay off a loan.  The loan was worth $377 million before the crypto slump, which helped push lender Voyager into bankruptcy. Alameda agreed to make the payment in bitcoin, ether and seven smaller cryptos by the end of September.  Sam Bankman-Fried's Alameda Research will pay cryptocurrency worth about $200 million to bankrupt lender Voyager Digital to cover an outstanding loan, according to a court filing Monday.The…

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Financial watchdog warns UK crypto fans to be wary of dealing with Sam Bankman-Fried’s exchange FTX

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The UK's Financial Conduct Authority has issued a warning against Sam Bankman-Fried's crypto exchange FTX.Getty Images The UK's financial regulator has warned Brits to be cautious when dealing with crypto exchange FTX. "This firm is not authorized by us and is targeting people in the UK," the Financial Conduct Authority said. The FCA has previously clashed with Binance over efforts to enforce greater supervision. The UK's financial watchdog has warned Brits against dealing with Sam Bankman-Fried's crypto exchange FTX as it steps up its attempts to regulate offshore digital asset firms.The Financial Conduct Authority said Friday that FTX has promoted…

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Crypto outrage over Biden’s sweeping “misguided” regulations

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Chanel Rion — OAN Chief White House Correspondent UPDATED 8:40 AM PT – Monday, September 19, 2022 Despite a bleak week for the Biden economy the White House plowed forward to alienate those in the Wild West of crypto currencies. As Wall Street continues to buckle under the weight of persistent Biden spending policy, the White House announced more bad news, Friday introducing a sweeping wish list for how it wants to regulate Cryptocurrencies. The first framework of its kind, crypto advocates panned the Biden’s framework as one that fundamentally misunderstood the very nature of cryptocurrency. Biden’s new cryptocurrency regulation framework comes six months after he signed an Executive Order calling on…

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