Bitcoin

IMAGE: NurPhoto via Getty Images For many people, the main obstacle to using cryptocurrencies is that they are volatile; their value fluctuates sharply across time depending on, apparently, many different factors. To put the issue in context, the original paper on bitcoin was published in late 2008 and the first transaction in early 2009: since then, its value in dollars or euros has risen by more than 15,000%. BTC/USD and BTC/EUR E. Dans In contrast, over the… Source link

Bitcoin has soared so far this year, climbing to a price of around $60,000 and helping the broader cryptocurrency market hit an eye-watering $2 trillion. The bitcoin price has soared by around 400% since its latest bull run began as long-awaited institutional adoption started to materialize and Tesla billionaire Elon Musk whipped the crypto market into a frenzy. Now, with many bitcoin and crypto analysts trying to call where the market top will be, a Bloomberg analyst has predicted the… Source link

The debate around the value of cryptocurrencies, and bitcoin in particular, continues in financial markets as leading institutional investors debate its role in portfolios. One strategist with an optimistic take on bitcoin’s value is Dhaval Joshi, chief strategist for BCA Research’s Counterpoint product. He shared questions from one of his skeptical clients and answered them. Joshi’s major argument is that bitcoin BTCUSD, +0.60% will… Source link

Gradually, then suddenly. It is the way that Hemingway penned the process of going bankrupt: first comes a series of incremental steps which bring you closer to bankruptcy, until reality hits you and a sudden realization of what has occurred dawns upon you. This process can be thought of as a universal one: it applies to many things in life, like achieving success, declining health or the once-in-a-lifetime emergence of a brand-new asset class. Across the “gradually, then suddenly”… Source link

Over the last couple of years, more and more publicly traded companies have entered the cryptocurrency sector in some form or another. Some have opted to add new products and services catering to the nascent market, while others have put Bitcoin directly on their balance sheet.  This means that a public company’s association with Bitcoin or cryptocurrency doesn’t necessarily mean purchasing the stock will offer exposure to price movements within the asset class itself. Below, we review five… Source link

The upcoming direct listing of Coinbase is making many well-deserved headlines, but let’s take a look at a few of the longer term implications that could result from this first-of-its-kind event. Getty SOPA Images/LightRocket via Getty Images A potential valuation of nearly $100 billion, billions in revenue, highly profitable operations, and a fast-growing customer base that already numbers in the millions; what more could an organization ask for? The Q1 earnings of… Source link

Bloomberg Amundi Buys SocGen’s Lyxor in Bid To Reshape Europe’s ETF Sector (Bloomberg) — Amundi SA agreed to buy Societe Generale SA’s fund management arm Lyxor as outgoing Chief Executive Officer Yves Perrier used his last major deal to upend Europe’s exchange-traded funds industry.The Paris-based firm has entered into exclusive talks with SocGen for an 825 million euro ($980 million) cash deal, according to a statement Wednesday. The acquisition, expected to close by February next… Source link

A group of researchers have warned China that without more stringent regulations and policy changes, the amount of bitcoin mining performed in the country could undermine global sustainability efforts. The energy consumption and carbon emissions associated with bitcoin mining are accelerating rapidly in China, the researchers claim in work published in Nature Communications this week.  The researchers… Source link

Bitcoin‘s (CRYPTO: BTC) struggle to breach $60,000 has proved that the price is a crucial resistance level in the current bull run. What Happened: However, the cryptocurrency has also found strong support at $50,000 and an even stronger price floor at $40,000, according to research from Chainalysis. According to the firm’s chief economist, Philip Gradwell, recent data indicates “strong support for high prices.” Gradwell finds that 3.1 million Bitcoins have… Source link

Topline The Sacramento Kings plan to offer bitcoin as a payment option to all players and coaches, the team’s owner, Vivek Ranadivé, said Monday night, in the most recent example of the NBA’s rush to embrace cryptocurrency and digital assets.  Owner of the Los Angeles Clippers, Steve Ballmer, (L) poses with owner of the Sacramento Kings, … [+] Vivek Ranadivé, (R) before a game at Golden 1 Center on March 01, 2019 in Sacramento, California. (Photo by Cassy Athena/Getty Images) … Source link