Digital currency-based cryptocurrency is said to be a high risk investment. The Financial Conduct Authority (FCA), a British Regulator, cautioned investors about signing contracts for CFDs or contract for differences. The FCA warned investors about crypto-based CFDs. CDFs are high risk. Some of the risks include charges and funding costs,…
19 posts by author
Cathy Thompson
Cathy is a multidisciplinary author with expertise in cryptocurrency & investing. Her degree in business administration and 20+ yrs writing experience gives her unique insight into crypto markets.
Coup in Zimbabwe Could Positively Impact on Bitcoin Prices
Instability in Zimbabwe could send bitcoin prices higher. Zimbabwe’s military initiated a coup against President Robert Mugabe, the controlling leader who has been the head of Zimbabwe for nearly 40 years. The military denies it is trying to over throw the government, but the 93-year-old president has purportedly been…
According to Forbes, Bitcoin Prices Could go as High as $196,165.79
Now, Bitcoin prices are around $196,165.79 per coin. This is per coin or about 30x the current value. A survey including 564 American investors, published in LendEDU, shows that bitcoin is rising in value according to polling Data. Michael Brown, a research analyst with LendEDU claims this is…
DBS, One of Asia's Largest Banks, Claims Bitcoin is a Ponzi Scheme
Several legacy or traditional financial institutions turn their noses up at Bitcoin with the feeling that the world's most known decentralized cryptocurrency is fraudulent and should be considered as a Ponzi scheme. At the Singapore FinTech Festival, DBS's group chief information officer BS said to CNBC: Bitcoin is a Ponzi…
Bitcoin Surges After Square Announces Limited Ability to Buy / Sell the Cryptocurrency
Some chosen users of the Square Cash platform are now able to buy and sell bitcoin. TechCrunch reported this new development from Square, and Square's stock jumped to an all-time high of $41.80 per share. Some of these gains, however, were given up during the trading day. Still, the…
SEC Calls for Auditors to Watch Cryptocurrencies
Wesley Bricker, chief accountant for the U.S. securities, informed the public that his office was looking into cryptocurrencies, coins, and tokens and the way they are traded and exchanged. He advises that private cryptocurrency practitioners make sure their cryptocurrency skills are up to par. Bricker stated that his accounting…