The bitcoin halving has come and gone, and it appears the crypto community is seeing a whole new wave of traders entering the mix.Bitcoin Has Gained Heavy PopularityAccording to some analysts, more people are beginning to direct their eyes towards the world’s number one cryptocurrency by market cap, which now seems like a relatively valuable and attractive financial tool given its newfound rarity. While bitcoin itself is widely in circulation – approximately 18 million BTC units have been...
Read More »Are Traders Coming Back to Bitcoin?
New data suggests that investors are once again gaining confidence in bitcoin.Bitcoin Is Back, BabyThe currency – which is often seen as a speculative asset – shed several points off its reputation during the past few weeks, though to be fair, the same can be said for many assets (i.e. stocks, oil, etc.) The coronavirus pandemic sent everyone into a solid panic, and people began selling off everything they owned in the hopes of gaining cold hard cash before the global economy suffered too...
Read More »Forget FANG, FAANG or MAGA: DAWN Is New Kid in Coronavirus-Fueled Panic Town
DAWN is the new Wall Street’s stock acronym that stands for Domino’s Pizza, Activision, Walmart, and Netflix. These stocks, as well as tech shares, are now worth investing in.Now the market is surrounded by coronavirus concerns. These fears are in the first place reflected in stocks that continue sliding. As a result of the downward movement, investors wonder which shares to buy to stay in the black and boost their fortune under the conditions given. And the answer is simple: DAWN.Obviously,...
Read More »Bakkt Closes Series B Funding and Raises $300 Million from Microsoft, Pantera and Others
Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.Bakkt, the cryptocurrency derivatives exchange, has undergone series B funding. This was to the tune of $300 million. Sources say that the exchange involved many partners. Intercontinental Exchanges (ICE), which is Bakkt’s parent company, Microsoft‘s M12, Pantera Capital, PayU, CMT Digital, Boston Consulting Group, and Goldfinch Partners were among...
Read More »Market amid Coronavirus: When Investing in Times of Crisis, Think Long-Term
There is nothing so far to suggest that there will be a permanent impact on businesses, or that earnings will not eventually recover. But when you want to invest during the crisis, you need to think about long-term benefits.As coronavirus is spreading at an incredibly fast pace, people all over the world are watching eventual developments in the markets to find stocks for investing. However, it is important to stress that making an investment just because the markets are down and/or you are...
Read More »TSLA Stock 10% Down, Top Tesla Investor Says Tesla Achieves More after Leadership Shuffle
James Anderson, a major investor in Tesla Inc. said the company is better run after independent directors were appointed to supervise Elon Musk. But today TSLA stock is in red.Today Tesla Inc (NASDAQ: TSLA) stock is down more than 10%. At the moment of writing, it is trading at $631.27.James Anderson, head of global equities for Baillie Gifford, one of Tesla Inc’s biggest institutional investor, said TSLA stock is now considered a “better run”. The company had its legal problems after it...
Read More »Virgin Galactic Chairman Recommends Keeping 1% of Assets in Bitcoin
Fear, uncertainty, and doubt are causing the global community at large to panic over the potential implications of the coronavirus. The chairman of Virgin Galactic Chamath Palihapitiya believes that in the current situation it would be sensible to keep 1% of assets in Bitcoin.We were already writing numerous times how Bitcoin (together with other cryptocurrencies) is a good asset to have when things are going rough. Nowadays, we are witnessing, not just geopolitical tensions between the...
Read More »Ripple Provides Additional $11 Million in Investments to MoneyGram
MoneyGram is one of the major partners of Ripple. And it received good investments from it. In the last half-year, it got a sum of another $11 million.It appears that in the last 6 months Ripple provides to MoneyGram an additional $11 million in investments. These indications were reportedly noticed in recent filings with the U.S. SEC by MoneyGram. Last year Q3 and Q4 reports indicate remittances to MoneyGram by Ripple Labs Inc. The sums were broken down into $2.4 million in Q3 and $8.9...
Read More »Revolut Triples Its Valuation to $5.5B and Is Named the Most Valuable Fintech Start-up in Europe
Revolut raised over $500 million in a funding round and saw its valuation achieve $5.5 billion. The company was also named as one of the most valuable fintech start-ups in Europe together with Klarna.British digital bank Revolut has tripled in valuation from the previous $1.7 billion to the current one $5.5 billion. This came after the company was involved in a fresh round of funding led by TCV, a silicon valley based company, where it raised $500 million.The fundraising was also backed by...
Read More »Warren Buffett Claims Cryptocurrencies Has No Value and Doesn’t Want to Own Any
Warren Buffett stated in an interview that Bitcoin and other crypto have no value. He didn’t change his opinion even though Justin Sun claimed to have given him some crypto assets after the lunch they had together.Warren Buffett claimed crypto including Bitcoin has no value, which is the main reason he does not own any and never will. His sentiments were taken strongly by the crypto community that thought he had changed his mind after spending a lunch meeting with Tron Foundation CEO Justin...
Read More »