CryptoX – Cryptocurrency Analysis and News Portal Do Rate Hikes Matter? Bitcoin Traders Learn How Fed Moves Markets in Twitter Era Source The post Do Rate Hikes Matter? Bitcoin Traders Learn How Fed Moves Markets in Twitter Era appeared first on CryptoX. CryptoX Portal
The upshot: A blend of stocks, bonds and bitcoin has outperformed stocks and bonds. Let’s say, for whatever reason, you couldn’t own spot bitcoin and only had access to the Grayscale Bitcoin Trust (GBTC). The GBTC currently trades at a 35% discount to its net asset value (NAV), has lagged the spot price of bitcoin, and has a 2% management fee attached to it. We will use it as the proxy given the wide availability of its ownership – again, spot would only improve the following figures. (Disclosure: Grayscale is…
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. He added that he will buy more if the cryptocurrency recovers from that price level. Robert Kiyosaki on Bitcoin Testing $1,100 The author of Rich Dad Poor Dad, Robert Kiyosaki, has returned with a new bitcoin outlook. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years.…
The crypto markets are going through a rough phase. Bitcoin has crashed more than 70% in 8 months. Amidst the crash, several companies are laying off their employees, desperately trying to save cash. However, not all companies are facing the hammer of fate. Bit.com, the second-largest crypto options exchange, seeks to double its workforce amidst layoffs. But why? Let’s explore. The Crypto Recession Crypto winter is frequently used in the cryptocurrency, DeFi and blockchain industry to denote the current recession that has hit the industry after it made phenomenal gains…
The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.” CBDC Gateway to Digital Economy The Nigerian central bank governor, Godwin Emefiele, has said the recently introduced digital currency, the e-naira, ensures Nigeria will remain competitive in a world that has gone digital. Specifically, the introduction of the central bank digital…
Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — shutting down accounts and requiring KYC controls that some users deemed excessive — declares that the exit from Venezuela has to do with the “complexity of complying with U.S. sanctions.” Uphold Abandons Venezuelan Markets Uphold, a New York-headquartered cryptocurrency exchange and stock trading platform, has announced that it will no longer serve customers registered in Venezuela.…
Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies. The authors of a recently published EUBlockchain Observatory report “Blockchain Applications in the Energy Sector” are convinced that distributed ledger technology (DLT) could become a key enabler technology and has a very high potential to influence or even disrupt…
Billionaire investor Seth Klarman says he cannot see the point of crypto. “I don’t think anybody needs to own it. It just seems to me that it could end up very much in tears,” he added. Seth Klarman on Crypto Investing, Gold, and U.S. Dollar American billionaire investor and hedge fund manager Seth Klarman shared his views on a variety of topics, including cryptocurrency, gold, and the U.S. dollar, in an interview with Harvard Business School, released this week. Klarman is the chief executive and portfolio manager of the Baupost…
Bitcoin is now officially in another bear market after the crash that rocked the market last week. After falling more than 70% from its all-time high, investors across the space had started to retreat from the digital asset due to this new price trend. However, trends like these are not new for bitcoin. Although the present market may seem worse than previous ones due to it still ongoing, there have been some brutal bear markets in the past. A Blast From The Past It can often be helpful to take…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It is time to put back on our #Ethereum on-chain analysis hat! In this video, we investigate supply count statistics. Specifically, we discuss the total amount of #Ethereum held by wallets holding between certain amounts of #Ethereum. Do remember that on-chain analysis does not capture everything, but hopefully can provide a bit more insight than just relying on price charts. What do you think of this on-chain analysis on #Ethereum? Let me know in the comments! Premium List SALE: LIFETIME OPTION: Alternative…