Markets

Gold investments have recently become a lot easier than they were before. With a huge wave of new cryptocurrencies appearing on the market, one does not have to stress about soliciting a broker to buy the asset. The driving force behind this innovative era is gold-backed cryptocurrency (aka. Stablecoins). The value of this type of cryptocurrency relies on the value of gold, which a third party puts into storage. In comparison to other cryptocurrencies, the ones that are...

For diehard cryptocurrency investors, the answer to their prayers has typically been bitcoin, the world’s number one digital currency by market cap. However, while the currency has been spiking like no other asset, it remains as volatile as ever. Many traders still see bitcoin as risky, and for this reason, stock shares in Coinbase – set to debut on the Nasdaq next week – might be the alternative tool they seek. The Coinbase Stock Is Heading Our Way Coinbase initially announced in late 2020...

Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM) AUM Growing As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings by adding five new tokens for their eligible accredited investors.  04/09/21 UPDATE: Net Assets Under...

Despite overcoming its nemesis at $60,000 yesterday, bitcoin’s struggles with that particular benchmark level continue as the asset has dipped beneath it. Most altcoins have also retraced slightly, with the apparent exception of Ripple (XRP), which surged to a new 3-year high of $1.4 following more positive news in the ongoing legal battles with the SEC. Bitcoin Dips Below $60K Once Again After a three-week-long wait, bitcoin finally overcame $60,000 yesterday. Furthermore,...

Mike Novogratz, a veteran investor, and a huge Bitcoin supporter noted the U.S. is currently in a good economic position. Still, the nation can face a major competitive disadvantage unless it engineers a digital dollar soon. The Importance Of An E-Dollar Novogratz, chief executive of digital merchant bank Galaxy Digital GLXY, underlined the value that a digital dollar could bring to the US. In a Friday interview with MarketWatch, he stated: ”To me it is an existential crisis,...

Several leading digital currency businesses – including Square, Fidelity, Paradigm and Coinbase – are launching an organization known as the Crypto Council for Innovation (CCI) designed to help regulators, policymakers, business owners and investors better understand the benefits of digital currency. The CCI Is Here to Dispel Some Myths The CCI is all about education and seeks to provide the information necessary to ensure companies and individuals alike know what it is...

Bitcoin and Ethereum have entered their second-most bullish month and could continue their respective runs with new highs by the end of it, reads Kraken’s monthly report. However, the paper outlined a potential $10,000 price drop for the primary cryptocurrency if history is to repeat itself before heading north again. BTC and ETH: The Bull Side Overall, March was a positive month for the cryptocurrency market, with the two largest digital assets, namely BTC and ETH,...

After failing to overcome its round-numbered nemesis of $60,000 for weeks, bitcoin has finally broken above it. Most alternative coins are also well in the green, with ETH and BNB surging to new ATH records at just shy of $2,200 and $485, respectively. Bitcoin Skyrockets Above $60K Bitcoin was unable to continue north following its all-time high in mid-March at $61,800. Just the opposite, the cryptocurrency reversed its trajectory and a few weeks later even threatened to dump...

By combining its core network technology with Filecoin IPFS (InterPlanetary File System), VideoCoin aims to build a next-generation video NFT trading platform.If you’re a follower of the crypto/blockchain world, there’s a good chance that you might have heard of NTFs (non-fungible tokens) by now. Though once an ambiguous part of blockchain technology, NFTs are now taking on the digital art and gaming world by storm. Musicians are selling snippets of their songs as NFTs, NBA is selling video...

Mark Yusko – the founder and chief executive officer of Morgan Creek Capital Management – feels that bitcoin has become large enough and strong enough in recent days that it can no longer be ignored by investors or companies. Mark Yusko: We Can’t Ignore Bitcoin In a recent interview, he comments: We really believe that we’ll look back five years from now and it will be deemed fiduciarily imprudent to have zero exposure to digital assets. As it stands, many companies –...