Bitcoin

This week, two developments point toward continued interest in bitcoin as a medium of exchange, the reason the “commerce on the internet” meme may be more accurate than the “digital gold” narrative.  One of the developments is the debut of a service allowing use of Lightning – a protocol built to scale transactions on the Bitcoin blockchain – for payments with online merchants that use the Visa network. The company behind the service is called Moon, and it uses a similar… Source link

As the price of bitcoin soars past $56,000, the cryptocurrency’s negative environmental impact is becoming harder to ignore. Energy-hogging crypto miners have been blamed for power outages in Iran, while China — a crypto mining hotbed — is cracking down on the practice as it takes a heavier hand with polluting industries. More such crackdowns may be needed to keep crypto’s carbon emissions under control. According to research released this week, bitcoin’s record-high prices have… Source link

Bitcoin has shown a tendency lately to clock its intraday low in the Asian or European session, and end near daily highs in the U.S. For example, the low on Monday was after 3 a.m. New York time and the high around 4 p.m. Tuesday’s low was right at the start of the Asia session before a run higher and steadying out near $54,000. Somewhat similar… Source link

Share to Facebook Share to Twitter Share to Linkedin In first place: a product traded in Toronto. Brian Armstrong, founder of Coinbase Jamel Toppin/Forbes Collection What’s the best way to invest in cryptocurrency? Here I survey 11 possible answers. They appear in descending order of how favorably I view them, but, as the details will make clear, your preferences may vary. Large, long-term investors will prefer #2 to #1. #1. Purpose Bitcoin ETF This new… Source link

The bitcoin price hit a record high of $49,998 on the Binance exchange Ozan Kose/Getty Images A bitcoin “fear gauge,” similar to the Cboe Volatility Index (VIX) investors use to gauge volatility in the stock market, saw its first trades on Wednesday. The T3i BitVol Index measures the expected 30-day implied volatility in bitcoin derived from tradable bitcoin option prices. It was launched in July 2020 by T3 Index, a research-driven financial firm. It also has a separate index for… Source link

IMAGE: getty The combined effect of the pandemic and technology on capital markets is generating all kinds of poltergeists, strange phenomena that are turning out to be a horror movie for some, and for others, an opportunity to explore new territory. Let’s start with the facts: since the beginning of the pandemic, which saw a halt or a sharp reduction of economic activity for a lot of people, many of whom were already in a vulnerable situation, the US… Source link

Peter Schiff. Reuters/ Rick Wilking Bitcoin critic Peter Schiff’s son has moved all of his portfolio investments into the cryptocurrency. Schiff called his son “brainwashed” and said he needs to “disinherit” him, or his money would be wasted. The wealth manager regularly clashes with crypto advocates over his bitcoin predictions. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Spencer Schiff, the son of bitcoin detractor Peter Schiff, has decided to move… Source link

Bitcoin has soared back this week after struggling to maintain its early 2021 momentum through the last week of February and into March. The bitcoin price has added more than 10% in recent days, climbing back above $50,000 and toward its all-time high of $58,000 per bitcoin as the U.S. approved a huge $1.9 trillion coronavirus stimulus package. With the bitcoin price up a blistering near-600% over the last 12 months, investing legend Mark Mobius has warned a sharp bitcoin decline could… Source link

Bitcoin (BTC) trading around $56,248.28 as of 21:00 UTC (4 p.m. ET). Climbing 3.54% over the previous 24 hours.  Bitcoin’s 24-hour range: $53,101.24-$57,336.75 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on CoinbaseSource: TradingView Bitcoin gained for a sixth straight day, extending its longest winning streak of the year and approaching the record high price reached last month.  The largest… Source link

U.S. largest bank launches a crypto-related stock basket, raising questions about the true extent of … [+] exposure to bitcoin and other cryptocurrencies. LightRocket via Getty Images JPMorgan JPM is giving clients a way to gain exposure to bitcoin and other cryptocurrencies through a structured note offering tied to a basket of stocks related to the assets. According to the U.S. Securities and Exchange Commission filings, the notes do not… Source link