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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple, in a Sept. 1 court filing, rebuts a regulatory assertion that XRP lacks intrinsic value, emphasizing its role as a bridge virtual asset. In the ongoing legal showdown with the U.S. Securities and Exchange Commission (SEC),
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Retail traders commonly engage in options trading. In this practice, distinguishing between intrinsic and extrinsic value is a crucial aspect to comprehend. Understanding these two components can help traders better evaluate options contracts and develop effective
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In her ”3 Reasons I’m Investing in Bitcoin,” Lyn Alden puts it best, “Although it has no industrial use, [bitcoin] is scarce, durable, portable, divisible, verifiable, storable, fungible, salable and recognized across borders, and therefore has the properties of money. Like all ‘potential’ money, though, it needs sustained demand to
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Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that while cryptocurrency regulation is a good answer to the problem, it must also
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Ethereum is shifting from a proof-of-work (PoW) to a proof-of-stake (PoS) governance mechanism in the foreseeable future, resulting in a faster and more efficient blockchain. The Ethereum Network has experienced a considerable spike in transactions volume and size since DeFi and NFTs have captured the finance and art worlds.
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Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to
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The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be very careful.” JPMorgan Boss Jamie Dimon Warns About Investing in Crypto JPMorgan Chase and Co’s (JPM.N) chief executive officer, Jamie Dimon, shared
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Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of a Ponzi scheme” and for that reason, he has not invested in them. A ‘Wonderful Technology’ In remarks made during
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Speaking in a recent interview, subprime short investor and billionaire portfolio manager John Paulson criticized the volatile nature of digital assets, while advocating for investments in traditional safe-havens such as gold.The co-founder of Paulson & Co, a New York-based firm launched in 1994, Paulson was a historic beneficiary from the U.S.
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