Tag: Investors

Tokenized Gold Market Cap Passes $1B as Investors Seek Safe-haven Asset

The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data. The total market capitalization of tokenized gold has surpassed $1 billion. CoinGecko data places it at $1.02 billion, up 2.3% over the past 24 hours, with a trading volume of $35,508,696 over the same period. The largest gainers are PAX Gold and Tether Gold with gains of 2.7% and 1.9% respectively. Both are currently trading over $2,000, with PAX Gold at $2,036 and Tether Gold…

Acorns to Serve EU Retail Investors with Acquisition of GoHenry

The linkup between GoHenry and Acorns is destined as both companies have been working together for some time already. American financial technology and financial services firm Acorns has revealed it has acquired GoHenry, a teen-based investing application with a diversified user base. As reported by CNBC, the acquisition is the first of its kind for Acorns which is set to use the new acquisition to expand into Europe, in line with its global expansion strategy. The financial cost of the deal was not revealed, however, the company’s co-founder and Chief…

Bitcoin BTC Price Holds Above $28 as Investors Await Fresh Productivity, Jobs Data

This week, Investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March’s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in…

Is a housing crisis underway? Why crypto investors should care

boss

The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In today’s episode, Pechman discusses the housing crisis, especially after the United States Case–Shiller Index dropped for the seventh straight month. Increased mortgage rates certainly played a part, considering 15-year financing rose to 5.6% from 3.7% in March 2022.  However, Pechman explains why…

Investors Pour Money Into Crypto Investments for 4th Straight Month

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

Crypto industry pushed to bank with institutional investors

Crypto YouTuber Lark Davis points to several significant events have been unfolding in the cryptocurrency space, and how big banks are entering the space. Among these developments are MicroStrategy’s additional bitcoin purchase, the launch of the first zero-knowledge proof Ethereum virtual machines, MetaMask’s new sign-in feature, and the Nasdaq stock exchange’s plan to introduce crypto custody services. MicroStrategy, a leading cryptocurrency intelligence firm, has acquired an additional $150 million worth of bitcoin, bringing its total holdings to $138,955. The firm recently paid off a $161 million loan from Silvergate Capital,…

First Mover Americas: Investors Dig Risk Again

Crypto investors are fleeing Circle Internet Financial’s USD coin (USDC) stablecoin, with many of them switching to tether, another stablecoin, which has reached a 22-month high in market share. Net outflows from USDC have surpassed $10 billion since March 10 That’s when regulators shuttered Silicon Valley Bank, a firm Circle banked with. Circle, a payments firm, has weathered SVB’s collapse as USDC has re-established the U.S, dollar price peg it lost in the immediate aftermath of SVB’s failure, but the token has still dropped 23% from its one-time $43 billion…

INTC Shares Up 7% as Intel Tells Investors to Expect New Products Earlier than Planned

Intel was working on developing the Intel Developer Cloud with 256 Xeon chips and 512 Gaudi chips for AI. Upon completion, AI developers will be able to use the technology to train and run new models. Shares of semiconductor corporation Intel Corporation (NASDAQ: INTC) began to pop amid the company’s Investor Day event on announcements of incoming sooner-than-expected products. Intel shares surged, closing up 7.61% to $21.52. Before the investor event, Intel Data Center and AI Group head Sandra Rivera discussed product releases. Notably, the company experienced some delays with…

Investors can diversify their crypto portfolios with bitcoin, digitoads, mdex and lido

boss

A well-prepared should be appropriately diversified with a range of cryptos. With so many different currencies and tokens, deciding which ones are the most beneficial in terms of potential return on investment (ROI) can be challenging. It is wise to seek counsel from industry experts with experience when navigating the crypto markets. They will often have insight into which coins can offer the greatest ROI potential. Additionally, spread your investments amongst multiple currencies or tokens rather than betting all of your eggs in one basket. This diversification reduces risk and…