Since we last wrote about bitcoin two weeks ago, it rallied 14% and we saw a subsequent rally in equity markets here in the US.
As speculators gain confidence in bitcoin and join the rally, speculators in equity markets gain confidence as well.
Equity markets have had two very good weeks back to back, and the S&P 500 has rallied just over 3%.
Sum-Up This is how to be smarter with money: Reminder – You Cannot Predict The Future: Timing the market isn’t investing, it’s gambling.
Be Ignorant And Lazy: “TMI” is a bad idea with people you’ve just met and with investing.
Bitcoin has “gotten caught up into the speculative bubble,” says Scott Minerd, who is bullish on the economy and expects the inflation to go down in the second half of the year.
The post Bitcoin Bear Guggenheim CIO is Back, Calling for Risk-off in Crypto & Equity Alike first appeared on BitcoinExchangeGuide.
Bitcoin as a safe-haven has long been a tried-and-tested claim, often not reaching fruition. Backed up by its store-of-value principle, the political hedge to the global economic order has always beenThe post Bitcoin changes its tune on gold and equity appeared first on AMBCrypto.
Various banks around the world have shown a tendency to oppose cryptocurrency. Bank of Queensland is doing exactly that, even though its decision makes a lot of sense. Clients were tapping into home equity loans to buy cryptocurrency, which is ill-advised.
One of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia.
Decentralized payment platform TokenPay transferred to Litecoin its 9. 9% equity share in the German WEG Bank AG, setting the basis for a strategic partnership between the two companies. TokenPay had originally bought the stakes in the abovementioned bank for an undisclosed amount back in May, along with the option to purchase the remaining 90% once […]
Litecoin Foundation Partners With TokenPay and Acquires 9.
Still in a prevailing bear market, cryptocurrency volatility has investors wondering whether a trend reversal is imminent. Co-founder at Fundstrat Global Advisors, Tom Lee confirmed his Bitcoin price prediction of $25,000 by end-of-year on July 5, 2018.
According to sources, Bitmain, the Chinese Bitcoin [BTC] mining company, has recently closed a Series B funding round. This values the firm at $16 billion. The news emerged from the Chinese business media outlet Caixin, which reported earlier today that Bitmain had new equity funding.
$12 Billion: The Value of Mining Giant Bitmain in the New Funding Round Bitmain, the Chinese bitcoin mining giant reportedly closed a Series B funding that valued the company at around $12 billion. Caixin, Chinese business media reported on Friday the equity financing was somewhere between $300 and $400 million, though it is still unclear […]
Fundstrat Global Advisors’ price target for Bitcoin was updated to “over $20,000 by the end of the year”, according to Tom Lee, founder and head strategist of the equity research house.
The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.
The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice.