Cryptocurrency has allowed rampant fraud, but so too has the U.S. dollar. Where is the line and are Bitcoin, Ethereum, and Litecoin still good investments?…
33 posts tagged
Investment
Cryptocurrency is a New Investment Media as Bitcoin Futures Rise
Chris Concannon, president of Cboe Global Markets, Inc., stated that offering bitcoin futures is a smart deal. It is a response to user demand and the belief that digital currencies will continue to grow worldwide. Cboe Global Markets Inc. is one of the three entities who will be offering bitcoin…
Gold Fund Purchases $11 million in Bitcoin
The Old Mutual Gold & Silver Fund is moving into the crypto space’s “digital gold,” the fund just announced. They have been steering a huge buy-up of bitcoins for months. Ned Naylor-Leyland, the fund’s manager, stated that the modification included a 5% rebalancing of their ledgers from precious…
Coinbase Custody Caters to Investment Giants
The popular cryptocurrency exchange Coinbase recently added a new custodian service for major institutional investors. Catering to hedge and state run wealth funds, the new service, Coinbase Custody, has a whopping $10 million minimum deposit with a hefty $100,000 set-up fee. So what will Coinbase Custody provide for its…
Can Derelict Power Stations Solve Bitcoin’s Energy Crisis?
The last few months have seen a growing concern over the environmental costs of mining Bitcoin . As the computational requirements of mining the signature cryptocurrency become increasingly demanding, the system has begun to approach a dramatic tipping point. Citigroup recently reported that for mining to remain marginally profitable, Bitcoin’s…
American Express and Ripple work Together for Instant Blockchain Payments
NOTE: Ripple’ same day increase was over 10% recently due to their partnering with American Express. Instant blockchain-based based payments have been instigated by American Express. They are using Ripple, a fintech startup, to help U.S. commercial customers pay funds to U.K.-based businesses that bank with Santander…