A crypto frenzy in open defiance of our ban plan

When strangers start offering stock tips, went the old saying, it is time to exit a frothy market. With Bitcoin punts, online advice could soon be at that point in India, as a crypto frenzy fed by federal easing of fiat money plays out globally, and bets on its value are confidently spoken of as…

Interest in DeFi Is Surging. You Can Thank GameStop

One of the most iconic moments of the past week was when Keith Gill, otherwise known as Reddit trader DeepF**kingValue, testified in front of the House Financial Services Committee: “I am not a cat.” All who enjoyed the video of the meeting in which a frustrated lawyer struggled with Zoom settings (who among us hasn’t…

Bitcoin hits fresh high | Reuters

FILE PHOTO: A representation of virtual currency Bitcoin is seen in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Bitcoin continued gaining on Sunday, rising to a fresh high and extending a two-month rally that took its market capitalization above $1 trillion on Friday. The world’s most popular cryptocurrency rose to a…

I’m Bullish on Crypto, But Not on Marathon Patent Stock

As the price of Bitcoin (CCC:BTC-USD) continues to climb, so does the price of Marathon Patent (NASDAQ:MARA) stock. The patent troll-turned-crypto miner has seen its shares soar more than 20-fold since November. But is this sustainable for MARA stock? MARA stock Source: Shutterstock These gains have far outpaced even Bitcoin’s impressive run during the same…

‘Shoe drops’ for Aussies amid crypto surge | The Canberra Times

news, latest-news The skyrocketing price of Bitcoin has spurred an uptick in cryptocurrency investment among Australians looking for a financial safe haven and hedge against inflation, analysts say. Driven by investors seeking returns amid low interest rates and a weakening US dollar, cryptocurrency speculation has boomed since the start of the COVID-19 pandemic. The value…

Stocks week ahead: How bitcoin is like a teenager

What’s happening: Bitcoin’s dizzying ascent has reached new heights. The price of one bitcoin passed $20,000 for the first time in December. Last week, it breached $50,000. The euphoria that’s swept through markets certainly plays a role, as investors chasing returns in a low-interest world eye alternative investments. But a spree of recent announcements has…

What’s So Great About It, And Why Buy It?

A Polkadot logo sits blurred over a screen displaying the icons of numerous cryptocurrencies, led by … [+] Bitcoin. KMR Images Last week, I reached out to some professional crypto fund managers I know in Russia to give me their top crypto investments so I could get in on the action. One of the names…

Banks will be required to work with crypto, e-money and CBDCs to survive

Image a scenario where you need different messengers to send different types of messages — for example, WhatsApp for text messages, Viber for audio, Telegram for video, etc. Rather inconvenient, right? But this is exactly what happens in finance: There is no way to send both digital fiat money and cryptocurrency from a bank account…

bitcoin price: Bitcoin hits $1 trillion value as crypto jump tops other assets

By Eric Lam Bitcoin’s market value reached $1 trillion for the first time, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. The largest token has added more than $450 billion of value in 2021 to about $1 trillion, data compiled by Bloomberg show. The Bloomberg…