Biden administration showing more proactiveness to co-ordinate the regulation of cryptocurrencies Regulators are being seen to work together to carve up jurisdictional boundaries, which should bode well for the longer term development of the industry For years, some corners of the cryptocurrency universe have been calling out for regulation, to not just protect investors, […]
Marked fund flows into gold ETFs coincides with decline in Bitcoin’s price Cryptocurrency flash crash because of derivatives more likely the cause of Bitcoin’s recent price decline than any sustained shift from digital to physical assets After months of losing its luster to its digital cousin, gold is back with a vengeance this month, […]
Billionaire activist investor Carl Icahn is on the edge of making a big move into cryptocurrencies Icahn joins a growing list of high-profile Wall Street names, including Ray Dalio, who are championing cryptocurrencies in the face of major macroeconomic changes First, Paul Tudor Jones came for Bitcoin, it was less than US$10,000. Then Stanley […]
As cryptocurrencies attract broader appeal and perhaps even institutional adoption, governments concerned over decentralization of economic life may be forced to intervene The possibility of a decentralized medium of exchange and store of value controlled by no centralized entity may force some governments, particularly totalitarian ones, to act When Borders was first confronted with […]
Financial markets globally clocked gains last week, even as Bitcoin and other cryptocurrencies tumbled Cryptocurrency markets are still too small to have significant spillover effect on financial markets, but broader acceptance may change that dynamic While mayhem may have been the order of business in the cryptocurrency markets last week, it clearly didn’t affect […]
Bitcoin once again battered by volatility over the weekend, with double-digit price swings in either direction Investors need to recognize that weekend trading for Bitcoin is not necessarily indicative of the broader market, as thinner volumes and heavily bot-led trading means that price swings are exacerbated The weekends are perhaps the most dangerous time […]
Chinese industry associations remind financial services providers not to get caught up with cryptocurrencies No new restrictions set on cryptocurrencies by Beijing, status quo prevails, China has banned cryptocurrencies since 2017, but bearish sentiment not helped by the timing of the Chinese industry association announcement If you just got invested in cryptocurrencies over the […]
Nvidia (-1.06%) tries to fix a shortage of high end GPUs by nixing the cryptocurrency mining capabilities of some of its newer graphics cards Economics behind cryptocurrency mining has improved amidst rising cryptocurrency prices, ease of ability to defeat Nvidia’s modifications means that GPUs will continue to be in short supply for some time to come […]
Elon Musk reintroduces large volatility swings to cryptocurrencies through his relentless tweeting Institutional investors who were preparing to invest into cryptocurrencies are now taking their time about it as volatility swings make them skittish It was all going so well for Bitcoin. Paul Tudor Jones was in. Stanley Druckenmiller was in. Fidelity Investments […]
Bitcoin maximalists dismayed by hints that Tesla may either have sold or is preparing to sell its Bitcoin stash Media attention on Musk distracts from the more major news that more institutions are getting involved in trading cryptocurrencies, most significantly is billionaire hedge fund manager Steven Cohen’s Point72 Asset Management The thing about an […]