Investor reveals strategy that gave him million-dollar profits in Bitcoin. Bitcoin price with support at $10,420 could go up to $11,000. Legendary Bitcoin investor Chamath Palihapitiya has published the secret that allowed him to make a $10 billion profit in Bitcoin. The investor made a big bet in 2012 and 2013 to Read more…
Elon Musk sold one of his LA estates to William Ding (or Ding Lei), a prominent Chinese blockchain proponent. Ding is the founder and CEO of Internet and gaming firm NetEase, which has released blockchain apps. Ding is listed as an advisor to blockchain firm ArcBlock, but has publicly denied Read more…
Shedding light on compulsory sellers Bottoming out On-chain research firm Glassnode has noted that Bitcoin’s Puell Multiple metric is now in the green for the first time since January 2019. Hence, the firm states that it could be an ‘excellent period’ for investors to accumulate more BTC in order to be able Read more…
Bitcoin investments in China could grow as global funds increase their exposure in Chinese equities in a significant capital reshuffling. The cryptocurrency eyes more demand as a V-shaped rebound in the Chinese economy seems unlikely per top analysts. History shows that unsettling economic conditions send Chinese investors to the safety Read more…
Bitcoin’s recent rally has closely coincided with a trend of investors fleeing exchanges It appears that the two primary factors behind this trend are degrading trust in centralized platforms coupled with more investors moving towards a long-term “hodling” strategy Either way, this trend does bolster Bitcoin from a fundamental perspective Read more…
A fake BBC news report featuring Prince Harry and Meghan Markle is being used by Bitcoin scammers promising investors daily profits of $1,300. In brief Another crypto scam is using fake celebrity endorsements. This time round it’s the Duke and Duchess of Sussex. The “Bitcoin Evolution” scam claims to make Read more…
The coronavirus pandemic has changed the world like never before. The economic meltdown is staring at our face, and the recent announcement of Federal Reserve to print infinite currency has come across as a double-edged sword. While this move will bring much-needed relief for investors, it is surely going to Read more…
A former stock broker has already been charged with wire fraud and money laundering. A group of investors is targeting his company’s co-founders, too. Another alleged crypto trading scam is in the books. This one involves a stock trader, a financial advisor, a surgeon, and an enterprise called Q3 I LP. Michael Read more…
Shuttered shops. Empty streets. Scant traffic. The world’s financial centers are increasingly looking like ghost cities. The world’s financial markets, on the other hand, are a frenzy of activity as dealers and traders try to ride the wild swings each headline and sentiment shift brings. Yet, even though almost all trading Read more…
Crypto taxation tool CoinTracker has released a report comparing the prevalence of cryptocurrency ownership across major cities in the United States. The report is based on user data that CoinTracker has been collecting since 2013. CoinTracker found that the top four ranked cities by average crypto portfolio size are all in California’s Read more…