The US Federal Reserve’s balance sheet declined by $8 billion in the week ending July 8. It now has a total of $6.97 trillion from the record high of $7.16 trillion in early June. According to the Fed bank in Saint Louis, the decline was its largest in 11 years. Fed began to launch liquidity-boosting …
The Fed’s Balance Sheet Declines: Will Bitcoin Rise or Fall? Read More »
It looks like this week is full of crypto optimism. With the help of social media, a meme-based cryptocurrency spiked nearly 2,000% for the past two days. Dogecoin, a “joke” cryptocurrency, reached prices around $0.0035 when TikTok user James Galante encouraged them to invest. He said that they could all “get rich” if they push …
Dogecoin Breaks Records, and Its Maker Isn’t Pleased Read More »
The eighth-largest cryptocurrency by market cap skyrocketed by 170% during the quarter. Cardano (ADA) reached its highest price to $0.1021 on Saturday, its highest price since June 2019. ADA is now seeing a 200% gain year-to-date with the price of $0.098. Notably, the increase was much higher in comparison to Bitcoin (BTC)’s 30% increase this …
In the last article, we discussed the main advantages of using cryptocurrencies as it currently stands. Here, we shall march on and look at the less positive side of things. Therefore, we will be looking at the disadvantage of using cryptocurrencies. The disadvantages of cryptocurrencies The lack of regulation on cryptocurrencies is both a good …
The advantages and disadvantage of cryptocurrencies, part 2 Read More »
Bitcoin (BTC) miners have already been struggling since the top cryptocurrency’s halving. But seeing the fall in numbers amid financial concerns from the coronavirus pandemic leaves investors at the edge of their seats. A month after the halving, when Bitcoin’s mining rewards were shed by half, miners have suffered a 23% decline in revenue. Reduced …
Cryptocurrencies, being as new as they are, are still an uncertain technology. As such, they have their balance of benefits and disadvantages. Here, we will discuss some of these. Advantages of cryptos There are several advantages one can list in connection to cryptos. For one, they are finite in number. This means that they will …
The advantages and disadvantage of cryptocurrencies Read More »
The total number of consumers investing in cryptocurrencies more than doubled in a yearly comparison. Since last year, 2.6 million more people jumped into the cryptocurrency train. However, studies found that one out of 10 don’t know the crypto they own were unregulated. Therefore, these assets likely lacked financial protection. While technical knowledge appeared high, …
As we discussed before, cryptocurrencies will not be very useful until governments start regulating them. This will reduce their volatility and boost peoples’ trust in them. As it stands, there is still plenty of headway to be made. The case for regulation As it currently stands, governments are unsure of what an appropriate use for …
Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.
Disclaimer:
TradeMarketNews.com provides information and news solely for reference purposes. The accuracy, relevance, and completeness of any information and news may vary and cannot always be guaranteed. Readers are responsible for their use of such data (as stated in the ToS) and its appropriateness for the user.
Email: [email protected]
Connect with: trademarketnews
