Financial Industry News
Untied to any single government or country, Bitcoin is often labeled as a store of value asset and a hedge against other areas of finance. Nassim Taleb, a former risk analyst and author, thinks otherwise, however. In an interview with CNBC on Friday, after noting Bitcoin’s (BTC) similarity to a Ponzi scheme, Taleb said: “There’s […]
Continue ReadingThe price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction. Five factors likely caused the price of Bitcoin and Ethereum to steeply drop in a single day include mass liquidation, an overheated futures market, the decline of Kimchi […]
Continue ReadingBitcoin is back below $50,000 and fear is in the air. The historic bull market is now in jeopardy, even though holders thus far haven’t been willing to part with their coins. They might be faced with the difficult decision of doing so as prices dip lower and have to consider selling. The selloff has […]
Continue ReadingBitcoin price is now below $50,000 for the first time in a month, and despite the still-high prices the market is in a panic. There’s now widespread fear that the current market cycle has peaked and things will soon fall back into a bear phase. At the same time, there’s a looming bubble about to […]
Continue ReadingUnlike its neighbor to the south that continues to procrastinate, Canada seems to be fast-tracking crypto assets — as evident again last week in its regulatory green light for three new Ether (ETH)-based exchange-traded funds, North America’s first. “Having an easily accessed ETF in Canada changes the competitive landscape,” Campbell Harvey, professor of international business […]
Continue ReadingWith major cryptocurrencies bleeding out in the past day, fear seems to be taking over the market. However, the CEO of Galaxy Digital and Bitcoin Bull Mike Novogratz is optimistic for the medium and long term. In an interview for CNBC, Novogratz spoke about the danger of being short Dogecoin, BTC, and made some predictions […]
Continue ReadingNvidia’s RTX 30 series of graphics cards have been subject to unending speculation, rumor and even ridicule since the firm first announced it would ship its latest GPU’s with a built-in Ether (ETH) mining limiter. A series of missteps saw the mining limiter on Nvidia’s RTX 3060 card first undone by crafty hackers, and then […]
Continue ReadingThe Norwegian central bank, Norges Bank, is set to test various technical solutions for a central bank digital currency following years of research. Norges Bank officially announced Friday that it will be conducting CBDC tests over the next two years upon recommendations from an internal working group. “The working group is of the opinion that […]
Continue ReadingBitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages — causing a record $10 billion in futures liquidations. Now, fears over President Biden’s proposed capital gains tax hike […]
Continue ReadingGrowing up in poverty in Suriname, Etiënne vantKruys was told by his teacher he’d never succeed — but it only made him more determined to not follow in the footsteps of his parents. Thanks, in part, to crypto, he’s now living the dream. Despite his high-flying crypto VC lifestyle today, vantKruys keeps at least one […]
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