The co-manager of an $800 million ETF says bitcoin will hit $250,000 within the next 3 years | Currency News | Financial and Business News

Bitcoin logo is seen displayed on an Android mobile phone Omar Marques/SOPA Images/LightRocket via Getty Images The astonishing rally in the price of bitcoin in recent weeks shows few signs of losing steam, with some observers saying that the cryptocurrency is set to rise even further.  Mike Venuto, co-portfolio manager of the Amplify Transformational Data…

The world’s biggest holder of Dogecoin owns 28% of the cryptocurrency – a position now worth $2.1 billion | Currency News | Financial and Business News

Dogecoin is a ‘meme’ cryptocurrency, seemingly created as a joke Yuriko Nakao/Getty A dogecoin “whale” owns 28% of the meme-based token, according to a report from the Wall Street Journal.  Records reveal that 28% of the cryptocurrency in circulation is owned by a single investor, though the person or entity has not been identified. The…

Bitcoin soars. What is it? How can you buy it? What are the risks?

In 2017, the price of bitcoin saw a similar run-up when within the year speculators drove bitcoin from about $1,200 to its then-high of $19,783. The “great crypto crash’ followed with its value tumbling 80 percent. It languished under $10,000 until July 2020 when bitcoin began to regain strength, fueled by concerns about the federal…

Crypto Broker Floating Point Group Announces Support For Circle’s USDC on Algorand

HOBOKEN, N.J., Feb. 17, 2021 /PRNewswire/ — Floating Point Group (FPG) has added support for USDC on Algorand (USDCa) for faster trade settlement and to streamline flow of funds. The company’s integration of USDCa is one of its many efforts to solve the capital efficiency problems faced by institutions. The ability to transfer U.S. dollars…

Labor SMART, Inc. To Accept Bitcoin and Ethereum as Payment

ATLANTA, Feb. 17, 2021 (GLOBE NEWSWIRE) — Labor SMART, Inc. (LTNC) (the “Company”), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced the decision to accept Bitcoin and Ethereum as payment methods for its services. As more institutions adopt cryptocurrency into their asset management strategies, the Company believes…