(Bloomberg) — The argument Bitcoin as a form of “digital gold” is falling apart. As the world’s largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold. Cryptocurrencies have plunged alongside equities in a […]
Read More(Bloomberg) — For Bitcoin, there’s only been one constant recently: decline after decline after decline. And the superlatives have piled up really quickly. With the Federal Reserve intending to withdraw stimulus from the market, riskier assets the world over have suffered. Bitcoin, the largest digital asset, lost more than 12% Friday and dropped below $36,000 […]
Read MoreCrypto mining, natural resources, and the environment are hot topics for governments and the crypto market at present. China’s ban on Bitcoin (BTC) mining put the spotlight on crypto mining and the environment. While governments have taken greater interest, manufacturers of crypto mining equipment have yet respond to the increased level of scrutiny, until now… […]
Read MoreBitcoin (BTC-USD), the premiere digital currency first introduced in 2009, raised eyebrows this week when it dropped below $40,000 for the first time in three months, stoking fears of uncontrolled volatility. But by Wednesday, the coin’s price had risen back to $43,000 and many financial leaders are predicting Bitcoin to surpass $75,000 before the year […]
Read MoreNon-Fungible Tokens, better known as NFTs, have continued to grab the news headlines at the turn of the year. While the crypto market has struggled amidst concerns over regulatory risk and FED monetary policy, the NFT market has flourished. One of the most popular NFT market places is OpenSea, where users can buy, sell, and […]
Read MoreCryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, to buy a Tesla TSLA, and to buy or pay for lots of other things. However, using cryptocurrencies has federal income tax implications. Here’s what you need to know at 2021 tax return time if you […]
Read More(Bloomberg) — The world’s second-biggest gold miner is confident prices will hold firm this year, if not rise, as investors use the metal rather than cryptocurrencies to hedge against inflation and jewelry demand picks up. “The risk is on the upside,” Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview in Riyadh, […]
Read MoreInvesting in Bitcoin (BTCUSD) can seem complicated, but it is much easier when you break it down into steps. Investing or trading Bitcoin only requires an account at a service or an exchange, although further safe storage practices are recommended. There are several things that aspiring Bitcoin investors need: a cryptocurrency exchange account, personal identification […]
Read More(Bloomberg) — Kim Kardashian and Floyd Mayweather Jr. were sued for allegedly scamming investors in a cryptocurrency called EthereumMax. The reality television star and ex-boxing champion were paid to hype the blockchain-based digital tokens to their fans, “causing investors to purchase these losing investments at inflated prices,” according to the complaint filed in Los Angeles […]
Read MoreBitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but also has become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs. Key Takeaways A cryptocurrency, broadly defined, is a form of digital tokens or “coins” that exist on a […]
Read MoreWhat Is Bitcoin Mining? Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. “Mining” is performed using sophisticated hardware that solves an extremely complex computational […]
Read MorePayPal (PYPL) is looking into launching its own stablecoin as the company grows its crypto business, a company spokesman confirmed to CoinDesk on Friday. Sources told CoinDesk in September that PayPal subsidiary Curv was actively working on developing a stablecoin. “We are exploring a stablecoin; if and when we seek to move forward, we will […]
Read MoreWith 2021 just about in the rearview mirror, it’s a good time to reassess the notion that cryptocurrency is still a risk-on asset class. After all, crypto’s risk will help determine how to allocate assets in 2022. For many traders, the massive selloff of March 2020 is still a memory, be it one of great […]
Read MoreThis morning, the U.S. Bureau of Labor Statistics released updated numbers for its inflation-tracking Consumer Price Index (CPI), showing U.S. inflation has hit a 6.8% annualized rate. That adds up to the highest year-over-year inflation rate since 1982, which is decidedly not great. Among other implications, the number is another nail in the coffin of […]
Read MoreGritstone bio, Inc. (GRTS) Gritstone bio, Inc., a clinical-stage biotechnology company, engages in developing tumor-specific cancer immunotherapies to fight various cancer types and infectious diseases. Its lead product candidate is GRANITE, which is in Phase I/II clinical trial for the treatment of solid tumors, including metastatic non-small cell lung cancer, as well as gastroesophageal, bladder […]
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