Cryptocurrency Analysis and News Portal
According to the Wall Street Journal, central bank digital currencies (CBDCs) could actually negatively impact interest rates by giving policymakers an additional tool. In his article, "Digital Currencies Pave Way for Deeply Negative Interest Rates," senior columnist James Mackintosh argues that the difference between a CBDC and cash would be highlighted if
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Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap?“We are in
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According to the bank’s spokesman on Tuesday, Wall Street giant Citigroup (NYSE: C) is eager as they await regulatory approval to start offering bitcoin (BTC, -3.59%) futures trading contracts on the Chicago Mercantile Exchange (CME). Institutional Clients Another individual familiar with cryptocurrency derivatives markets noted that Citi is gathering a team to
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Demand for Aave (AAVE) boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment's upcoming institutionally-focused investment vehicle.The San Francisco-based asset management firm announced Wednesday that it would invest directly in AAVE to back its "Bitwise Aave Fund," a fund created to build a bridge
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Despite a strong profit and raising its guidance for the year, General Motors announced second-quarter earnings, which did not meet Wall Street’s estimates.General Motors (NYSE: GM) posted second-quarter (Q2) earnings of $34.2 billion in revenue and $1.97 in adjusted EPS, which missed Wall Street expectations. In comparison, Wall Street projected
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Dow Jones recovers all losses from Monday with two-day consecutive rallies. Interestingly, the bond market is also fuelling optimism on Wall Street. On Wednesday, July 21, Wall Street cheered with US stocks climbing for the second consecutive day. The Dow Jones Industrial Average (INDEXDJX: .DJI) was up 0.83%
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Chief Investment Officer at Second Foundation Partners, Ben Hunt, believes Bitcoin going mainstream dulls its original use case and brings unacceptable compromises. The leading cryptocurrency was founded on the principles of being permissionless and censorship-resistant. In short, a way to stick it to the establishment. But with Wall Street increasingly co-opting
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Apart from mobile gaming, AppLovin has built its position in the market by developing marketing software for app developers to help them promote their products.It certainly wasn’t a great start on Wall Street for mobile gaming company AppLovin Corp (NASDAQ: APP). On Thursday, April 15, as the company debuted on Wall
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Investors see Bitcoin as a potential inflation hedge as trillions of dollars were pushed into financial institutions by central banks across the globe in an attempt to restore a coronavirus-affected economy.According to reports, the Wall Street firm Goldman Sachs took back its 2018 launched cryptocurrency trading desk and gave it
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Bitcoin once again just pierced past $50,000 for the second time in history. The first time was earlier today, which was when the cryptocurrency shot past $50,400 early Monday morning as MicroStrategy doubled down on its support for the leading digital asset. The cryptocurrency recently began to flirt with that milestone
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