Category Business

Citadel Securities demolishes viral doomsday AI essay

Over the past week, a highly speculative piece of financial fiction has gripped Wall Street. Titled “The 2028 Global Intelligence Crisis,” the viral essay by Citrini Research and Alap Shah paints a catastrophic picture of an economy destroyed by artificial…

Is Jane Street responsible for the Bitcoin slump?

It’s been a bad few months for Bitcoin, as prices have fallen over 40% since October. For investors this has been especially frustrating since, unlike in previous downturns, there has no obvious explanation for the market malaise. This week, however,…