(Photo by Chesnot/Getty Images) Getty Images Key takeaways Bitcoin has gained in popularity as an alternative investment and has recovered surprisingly well after last year’s crypto winter Bitcoin and Ethereum have stalled since the debt-ceiling crisis picked up speed, but could break new markers once deal is signed off by Congress Ripple’s XRP currency could…
Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co. © 2021 Bloomberg Finance LP Gemini Exchange plans to file a $1 billion claim against Genesis today as it turns up the heat on Digital Currency Group to pay back a loan to the subsidiary, which is operating under bankruptcy-court protection. DCG missed a…
Bitcoin2023 Joseph Guyer Once a year, Miami becomes a global Mecca for Bitcoin enthusiasts and advocates when the city hosts the titular conference celebrating the largest digital asset by market value. With a $525 billion market cap, Bitcoin is currently the world’s 12th biggest asset, just behind Tesla ($550 billion) and ahead of Visa ($485…
Hedge funds and other institutional investors are increasingly interested in cryptocurrencies, and a review of various performance-related crypto data sets makes it easy to see why. Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the … [+] Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. (Photo…
(Photo by Win McNamee/Getty Images) Getty Images Key takeaways The Federal Reserve increased interest rates by 0.25% as anticipated The decision comes amid a turbulent week for the banking sector, the debt-ceiling crisis gaining speed in government and growing recession fears Stock markets were down, Treasury yields fell and Bitcoin was up at the news…
Photographer: Eva Marie Uzcategui/Bloomberg © 2021 Bloomberg Finance LP While shareholders are likely to key in on near-term weakness in its core retail payments business when it announces Q1 earnings on Thursday, Block is investing further afield, seeking to encourage bitcoin miners as it attempts to create an ecosystem that goes far beyond money transfers.…
Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain … [+] connection, Technology and financial investment background concept. getty Cryptocurrency adoption in the U.S. increased amid fears of a full-blown banking crisis, a new poll finds. According to Morning Consult, 22% of Americans, over one in five, said they owned at…
Bitcoin held over the long-term recently became profitable, according to one metric. (Photo by … [+] Chesnot/Getty Images) Getty Images Recently, a particular blockchain indicator shifted, indicating that selling units of bitcoin held for a certain minimum time frame would turn a profit. Earlier today, CoinDesk reported that the long-term holder spent output profitability ratio’s…
In this photo illustration a Bitcoin sign is seen on a mobile phone in front of Visa, Mastercard and … [+] Paypal logos. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images One of bitcoin’s biggest technical challenges is its so-called scalability. To function effectively as a means of transaction…
Bitcoin fell roughly 8% in under 48 hours. (Photo by Dan Kitwood/Getty Images) Getty Images Bitcoin prices dropped today, flirting with the $28,000 price level after building upon their recent losses. The world’s most valuable digital currency by market capitalization declined to $28,010 this afternoon, according to CoinDesk data. At this point, it was down…