Now that 401(k) investors can gamble on private equity and crypto—why not lottery tickets? getty Now that 401(k) investors are free to jeopardize their retirement security by gambling on private equity and crypto, maybe its time to allow lottery tickets in 401(k)s. Get ready for “slots of fun!” In June 2020, the U.S. Department of…
Cryptocurrency may be a new thing, but it has to fit into existing legal pigeonholes nonetheless. getty A number of folks got together to create a business that would take advantage of a crypocurrency protocol known as bZx that was supposed to be super-duper secure, or, as they put it, no depositor of cryptocurrency should…
Topline Shares of popular stock trading app Robinhood surged higher on Monday after reports that billionaire Sam Bankman-Fried’s cryptocurrency exchange, FTX, is considering a deal to buy the company just over a month after he first disclosed a stake. The news comes just over a month after FTX’s billionaire founder, Bankman-Fried, disclosed a sizable ……
Average Credit Card Interest Rates Have Topped 20% Rising interest rates have pushed the annual percentage rates on credit cards to new highs. The average annual percentage rate on a new credit card is now more than 20%, according to LendingTree’s tracker. It’s the first time that rates have topped 20% since the tracker began…
The recent sell-off in cryptocurrency has been eye-watering. Bitcoin BTC lost more than 70% of its value since November highs, and Celsius, a lending platform, announced that it would be pausing a significant portion of its activity. The broader market volatility seems set to continue, and the digital currency ecosystem is bracing itself for more…
Bitcoin has encountered significant volatility lately, falling more than 70% from its all-time high. … [+] getty Bitcoin prices have suffered some turbulence lately, repeatedly approaching $20,000 and falling to some of their lowest values since late 2020. The digital currency dropped to $20,079.72 yesterday morning, TradingView figures show, its lowest since December 2020. The…
Virtual implosion getty The virtual investment promises were compelling: High return, no inflation risk, complete safety, absolute privacy, and immediately transferable to anywhere. Moreover, there was no interference – no regulations, taxes, fees, red tape. Clearly, this virtual investment would be the top choice in the modern age. Nothing could go wrong with the latest…
Many coins of various cryptocurrencies getty Cryptocurrencies have been in a bear market for months, but this week’s action took the majors below previous price support levels, an unfortunate event for those who own the stuff. A support level is where buyers entered the market at earlier dates, enough to stop the selling. This time…
Bitcoin prices have fallen more than 66% from their all-time high. (Photo Illustration by … [+] Chesnot/Getty Images) Getty Images Bitcoin prices have plummeted lately, falling to their lowest in more than a year as the digital currency struggles with multiple headwinds. The world’s most prominent cryptocurrency dropped to as little as $22,600 today, TradingView…
Bitcoin prices have suffered some serious losses lately. getty Bitcoin prices have suffered some serious losses lately, dropping to their lowest level in roughly 18 months as risk assets face difficult market conditions. The highly visible digital currency fell below $21,500 today, TradingView figures show. At this point, it was trading at its most depressed…