Cryptocurrency Analysis and News Portal
Wall Street billionaires have little intention of re-entering the stock market despite its strong rally. Carl Icahn’s failed $1.5 billion bet on Hertz shows why billionaires are cautious. Big cash-buffer at a time like this is necessary to rescue struggling businesses. Carl Icahn is the latest billionaire to be
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Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo.However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto
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The economy may have reached a bottom, but the stock market hasn’t. At some point, the stock market has to reflect the reality of the U.S. economy. The quick recovery many are banking on isn’t going to materialize. At the start of May, the stock market got some great
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The Dow Jones rallied more than 300 points on Wednesday, erasing most of the previous day’s losses. Stock market bulls ignored several big warnings from the Federal Reserve and World Health Organization. The Dow is proving remarkably resilient as Donald Trump gets tough on China. The Dow Jones leaped
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Bitcoin's rally last week as the Standard & Poor's 500 Index of U.S. stocks floundered served to underscore just how different the conversations are right now in digital asset markets and traditional finance.As high-profile investors including Stanley Druckenmiller and David Tepper were warning of looming bankruptcies, overvalued stocks and the increasingly distant chances of a rapid economic recovery,
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The price action over the past few days has undoubtedly been positive for Bitcoin. After bottoming at $8,180 on the day of the block reward halving, the cryptocurrency has shot higher, approaching $9,900 just hours ago.With the price now consolidating around $9,800, analysts are hopeful that BTC will break past $10,000.
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The price action over the past few days has undoubtedly been positive for Bitcoin. After building momentum for weeks, the cryptocurrency finally burst past $10,000 this week, hitting a $10,100 high.Since this initial breach, BTC has slowed. The cryptocurrency has traded within a percentage point of $10,000 for the last 12
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CoinLinked, a social media network and marketplace platform founded by Wall Street veteran Jenny Q. Ta, launched on May 7.The platform will feature a utility token that rewards users for activity on the platform, and can also be redeemed for discounts on CoinLinked’s marketplace.Speaking to Cryptox, Ta described CoinLinked as
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JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager. Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention.In an interview
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The price action over the past few days has undoubtedly been positive for Bitcoin. Case in point: the cryptocurrency ripped over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours.Prices have since consolidated at $8,800, with BTC finding itself stuck between
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