While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20.In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced […]

Continue reading >

Bitcoin’s (BTC) bulls are struggling to push prices higher, despite a still-favorable short-term set-up on the technical charts.Bitcoin rose to a six-day high of $6,580 on Monday on Bitfinex, adding credence to indications that the cryptocurrency could be in for a relief rally.The bullish bias has strengthened further in the last two days too, courtesy […]

Continue reading >

The St. Louis branch of the US Federal Reserve has added four cryptocurrency price trackers to its extensive research database.St. Louis Federal Reserve Adds Crypto Price ChartsAnnounced on Tuesday, the Federal Reserve Economic Data (FRED), a database curated by the St. Louis Fed, will now include pricing data for bitcoin (BTC), ethereum (ETH), bitcoin cash […]

Continue reading >

Days after the Federal Reserve’s major announcement that it would hike short-term interest rates four times instead of three in 2018, bank stocks have failed to improve as expected. Jim Cramer shared his take on the matter, outlining the rising popularity of Bitcoin and other blockchain-based technologies as one of the possible reasons. Currently hosting CNBC’s “Mad […]

Continue reading >

More than 1 million people signed up to trade cryptocurrencies in the days after mobile trading app Robinhood first announced the feature, co-CEO Vlad Tenev said at CB Insights’ Future of Fintech conference on Wednesday.The co-founder of the investing app and web platform was bullish on bitcoin despite the price declines seen over the last […]

Continue reading >

Bitcoin’s decrease in volatility may signal that the bottoming process has already begun — but it may still have a way to fall.‘A BOTTOMING PROCESS CAN BEGIN’While everyone and their grandmother know about Bitcoin’s dramatic decrease in value following exorbitant prices in December 2017, many investors and traders in the first and foremost cryptocurrency are […]

Continue reading >

The Wall Street Journal ran an op-ed yesterday examining the future of Bitcoin by drawing parallels to private currencies in the past in order to try and make sense of the current cryptocurrency market.Everything Old is New AgainThe piece begins with the statement that for “most of its 10-year history, the digital currency bitcoin has […]

Continue reading >

On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb.Although the breach may not be as severe as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as the sixth biggest trading venue in the […]

Continue reading >

Goldman Sachs’ CEO Lloyd Blankfein continues to swagger back and forth about cryptocurrency.Blankfein, who is expected to step down from his CEO position at Goldman Sachs in December, wore his “pro” bitcoin mettle Tuesday in an interview with Bloomberg Editor-In-Chief John Micklethwait at the Economic Club of New York. His latest statements are in line […]

Continue reading >

The Capgemini World Wealth Report 2018 has revealed the rich are getting richer — and want better advice from their wealth managers on cryptocurrency investments. According to the report published June 19, 2018, high net worth individuals (HNWIs), with at least $1 million to invest outside of their main property investments, aren’t getting enough information about […]

Continue reading >