Cryptocurrency Analysis and News Portal
According to the report by the Bank of America, Bitcoin is expensive to mine, it offers a low throughput in comparison to Visa, and is very volatile to be used as a store of value. New research by strategist at the Bank of America, Francisco Blanch, featuring contributions from Philip Middleton and
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In brief:Bitcoin is more sensitive than gold to inflows of fiatAccording to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1%Gold would need $2 Billion to achieve a similar featBitcoin’s price action is yet to be overheated on a fundamental level1% of Stimmy Checks
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Texan regulators have, for some time now, viewed cryptocurrency investment schemes as a risk to Main Street investors, and have continued to issue public warnings against possible crypto-related scams during the COVID-19 pandemic. The latest move from the Texas State Securities Board, or TSSB, is action not words — an emergency
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Crypto lender BlockFi has launched its bitcoin trust with an annual fee that falls 0.25% below what industry-leader Grayscale Bitcoin Trust (GBTC) charges investors. With a 1.75% management fee, the fund started taking subscriptions last Friday and the fund has nearly $30 million in assets under management, according to its website.
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Bitcoin made some gains Friday, but ether hit another brand-new price high ahead of CME’s ether futures launching on Monday.Bitcoin (BTC) trading around $37,751 as of 21:00 UTC (4 p.m. ET). Gaining 0.32% over the previous 24 hours.Bitcoin’s 24-hour range: $36,637-$38,332 (CryptoX 20)BTC below the 10-hour but above the 50-hour
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Hundreds of thousands tuned in to a Twitch stream today as U.S. congresswoman Alexandra Ocasio-Cortez discussed Robinhood’s controversial decision to suspend trading in GameStop after the short squeeze engineered by r/WallStreetBets.Hours earlier, Ocasio-Cortez, who sits on the House Financial Services Committee, slammed Robinhood for favoring the interests of the ultra
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Federal prosecutors struck back at a favorite tool of the ransomware community Wednesday, indicting one alleged NetWalker user, a Canadian national named Sebastien Vachon-Desjardins, on wire fraud, hacking and network extortion charges, and coordinating the takedown of a victim guidebook hosted on the darkweb.The action, which included assistance from Bulgarian
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The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services. Source
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Bitcoin price surged above $32,000 and traded to a new all-time high near $34,780 against the US Dollar.
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With Tesla up about 700% this year, investors should avoid thinking about growth at any price and rather diversify their portfolios to older stocks.Wells Fargo Securities, the securities arm of American multinational financial services company, Wells Fargo & Co (NYSE: WFC) has released its top 10 predictions for 2021 and
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