Markets

Coinbase has had a spectacular 2021. The company announced $1.80 billion of revenue, $585 million more than the fourth quarter of 2020, and $191 million more than its results from a year ago. Much of these numbers are driven by the growing interest in cryptocurrencies. 56 million users and 6.1 million monthly transactions put the company right on the money radar, primarily since Coinbase benefits from the fees generated by every trade made on its platform. The IPO was also...

Bitcoin appears rather stable as of late. The currency has had some relatively wonky up-and-down moments over the past few weeks, but for the most part, the currency has found some sturdy ground to stand on over the past two days and is trading for a little over $56,000. It is not the $64,000 it was at just a few weeks ago, but it is certainly not the $49,000 it briefly dropped to after that. Bitcoin Is Seeing Some of the Same Patterns Either way, one research group is...

However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the cryptocurrency due to environmental concerns. The asset shed over 10k in a few hours, with over $365 billion wiped out in the liquidation. Consequently, almost the whole cryptocurrency market was affected by the...

Assuming that BTC can reach over $1,000,000 by 2030, it’s possible that Bitcoin can reach $10,000,000 if it’s still in its current form and has not been converted into another high-valued asset.Since its inception, Bitcoin has changed the financial world and more. It’s cut the use of intermediaries and increased the assets it can be used on. However, the price of any cryptocurrency is captive to market price volatility, making it difficult to predict the coin’s future. We can watch for trends...

May 13, 2021: FXT, a blockchain-based trading technology platform that successfully completed the ICO of its FXT token for global investors, recorded a whopping 1,500% increase in its token price in the first half of May. FXT tokens are Ethereum-based tokens created to serve as a digital currency for different payments and trading. Powered by disruptive blockchain technology, FXT tokens can potentially drive more transparent, secure, expedited, and cost-efficient...

[Featured Content] The cryptocurrency market is known for its tremendous volatility. Just recently, we saw Tesla revealing that they will no longer support BTC payments, sending the entire market into a steep downturn that wiped off over $400 billion from its capitalization. Trading, while appealing, can also be devastating for the unaware, prompting many to seek more passive approaches at generating profits. With this in mind, one of the more popular cryptocurrency...

Despite the volatile market conditions, Michael Saylor’s business intelligence giant has doubled down on its BTC-related strategy. The firm bought another chunk of 271 bitcoins, and its total stash is now nearly 92,000 coins. The NASDAQ-listed company announced the latest purchase of 271 bitcoins on May 13th. The firm said it had bought the amount for $15 million. Despite being brought to the world today, the purchase was most likely made yesterday, as MicroStrategy said the...

SPCE stock has now lost over 50% of its value since ARKX began trading back in the latter stages of March when it debuted on the market with a total stake of almost 672,000 shares of Virgin Galactic which was worth $20 million at that time.Virgin Galactic Holdings Inc (NYSE: SPCE) shares took a hit in Wednesday’s trading after news broke that Ark Invest’s space exploration ETF sold almost its entire remaining stake in the American Spaceflight company, on a day the stock market mostly saw red....

Granted bitcoin moves up towards gold’s market cap, Mark Yusko of Morgan Creek Capital Management fame believes that the world’s number one digital currency could shoot up to about $250,000 per unit within the next five years. Mark Yusko: $250,000 for BTC in This Decade In a recent interview, Yusko commented that many investors were not giving bitcoin its due and “underestimating” its ability to move about and serve a higher purpose in the world of finance. He says it is...

The cryptocurrency bank Mineplex is one of the first in the market to launch crypto processing services that has already gained popularity among not users not only from Europe but also from CIS countries. It is because the bank founders deeply examined the market needs and offered a solution that significantly simplifies the usage of cryptocurrencies even for those who are making the first steps in this arena. Convenient, user-friendly, and most importantly, secure...