Markets

The CEO and founder of Barstool Sports – Dave Portnoy – admitted that at the beginning, he thought Bitcoin was a ”Ponzi scheme.” Eventually, he changed his stance and even opposed Donald Trump, who called the primary cryptocurrency a ”scam.” Trump Is Wrong In a recent interview for ”Varney & Co,” the founder of Barstool Sports – Dave Portnoy – shared his current view on bitcoin and the crypto market. He revealed that years ago, when the primary digital asset was...

After riding high for a few days, the bitcoin bears have regained control and pushed down the asset by a few thousand dollars to around $35,000. Most alternative coins have suffered even more severely, with ETH down to $2,300 and BNB to $330. Bitcoin Falls to $35K Bitcoin performed rather well in the past few days following bullish news from El Salvador, India, and some large corporations wanting to get a piece of the cryptocurrency pie. BTC spiked to a six-day high at...

President Donald Trump is in the news after spending a few months out of the limelight. In a recent interview, Trump took aim at bitcoin, the world’s number one digital currency by market cap, calling it a “scam” and saying that it was a threat to the U.S. dollar. Donald Trump Believes BTC Is a Scam In the interview, Trump says the following: Bitcoin, it just seems like a scam. I do not like it because it is another currency competing against the U.S. dollar. He went on...

Crypto analyst Mike McGlone is predicting that Ethereum, at some point, will likely eclipse bitcoin and become the number one digital currency by market cap. Mike McGlone Thinks Highly of Ethereum As a senior commodity strategist for Bloomberg, McGlone has been following cryptocurrencies for a long time just like the rest of us. In a new report, he details why Ethereum – still only the second largest digital currency in the world at the time of writing – could...

Kraken is reevaluating its plans on how to go public next year after Coinbase’s unimpressive performance, said the exchange’s CEO – Jesse Powell. Instead of taking its competitor’s method of a direct listing, Kraken could go down the initial public offering road. Kraken Rethinks Going Public Plans The largest US cryptocurrency exchange – Coinbase – made the news in mid-April when it became a publicly-traded company after a direct listing on Nasdaq. The move, perceived by many...

China is moving forward with its anti-crypto attitude. It has now shut down the social media accounts of several bitcoin and cryptocurrency influencers as a means of stopping people from learning about and investing in digital currencies. China Makes Another Anti-Bitcoin Maneuver China has long had an up-and-down relationship with bitcoin. While the country has always been a hotspot for bitcoin and digital currency activity, government officials and regulators have never...

The past seven days, despite being intensive in terms of important news, were less than exciting when it comes to pricing. Most of the cryptocurrencies experienced substantial losses. Bitcoin, unlike the majority of altcoins, performed relatively well in comparison. It’s still down about 5% on the week, but its market dominance has increased to about 44%, which is a considerable improvement. The downward pressure started last Saturday when the price tanked from about $38K...

Elon Musk manipulates the financial markets, including the cryptocurrency one, for his own personal gain, alleged the South African billionaire Magda Wierzycka. The founder of Sygnia further blamed the recent BTC volatility on Tesla’s CEO. Musk Manipulates the Markets For Personal Gains During an interview on The Money Show, the 52-year old businesswoman accused her fellow countryman Elon Musk of publishing controversial tweets and engaging in other social media channels to...

Anticipated to be one of the biggest tech IPOs of 2021, Didi IPO could fetch the company a $100 billion valuation while raising $10 billion.Didi Chuxing, founded in 2012 by Cheng Wei, filed for an Initial Public Offering (IPO) under its formal name Xiaoju Kuaizhi Inc. It has become a market leader in the mobility technology industry in a short time, having acquired its biggest competitor, Uber’s China unit, in 2016. In return, Uber now has a 12.8% stake in Didi. Other high-profile investors...

Pieter Hasekamp, head of the central planning bureau CPB, opined that the Dutch government must ban digital assets. He further stated that a crypto collapse is inevitable. Cryptocurrencies Are ”Neither Money Nor a Financial Product” The director of the CPB Pieter Hasekamp urged the ruling cabinet of the Netherlands to officially forbid trading, possession, and mining of bitcoin and digital assets. The move could protect local investors as, in his opinion, the crypto market...