The crypto market has had a very turbulent year so far. After several significant cryptocurrencies reached record highs during the last few months, many of them now see their prices decreasing. In some cases, investing when prices are lower can be a clever investing strategy. However, buying stocks is not the same as investing in …
Crypto Is About to Crash: Time to Invest Now or Wait? Read More »
Bitcoin shares prices are bouncing. On Tuesday, Coinbase fell by 2% and traded around $218, close to its all-time low of about $429.55. Coinbase went public two months ago via a direct listing of the stock. Coinbase shares are lower than 36% from the closing price on the first day of trading. Bitcoin suffered over a …
On Monday, Bitcoin dropped low as China intensified its crackdown on cryptocurrency mining. According to data from Coin Metrics, on Monday morning, the world’s largest digital currency fell $31,766, dropping below $33,000 for the first time since the beginning of June. It was trading at $32,473 at 4:00 p.m. ET, down 9% on this day. …
Bitcoin Sank as China Intensified Crypto Mining Crackdown Read More »
On Monday, China’s central bank announced it had urged several payment companies and banks to clamp down on cryptocurrency speculation. The bank summoned major leaders, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, and Alipay. The PBOC urged them to crack down harder on cryptocurrency trading and tell them they …
PBOC Urges Alipay and Banks to Crack Down on Cryptocurrency Trading Read More »
Hedge funds might significantly increase the exposure to cryptocurrencies in five years. A new survey showed that the company has a significant vote of confidence for digital assets after recent price falls. Fund administrator Intertrust surveyed 100 chief financial officers globally. It found out that executives might hold an average of 7.3 percent of their …
Hedge Funds Might Hold 7% of Assets in Crypto for Five Years Read More »
Police in the United Kingdom says they accidentally discovered an illegal bitcoin mine while looking for a cannabis farm. Police have discovered a crypto operation that utilized stolen electricity to mine bitcoin in the West Midlands. Officers from West Midlands Police raided a building in an industrial estate on May 18. They were expecting to …
UK Police Found an Illegal Bitcoin Mine in West Midlands Read More »
Lately, cryptos have appeared to be far from the investments that would attract CFOs to diversify corporate portfolios. The joke seems to be over as executives seek to load corporate cash into electronic currencies. Novelty assets now are popular options to add to corporate ledgers. However, this expansion comes with additional risks from regulatory scrutiny …
Most people in the crypto community refer to Bitcoin as the new gold, especially young investors. They see it as a more valuable investment than gold. Bitcoin has earned the “millennial gold” nickname. However, the trend may be changing, at least in the short term. Investors have been withdrawing money from Bitcoin futures and funds …
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