In the world of cryptocurrency investing, the practice of “HODLing” has long been celebrated as a way to weather the storm of extreme price fluctuations. However, with the rise of exchange traded funds (ETFs) that track bitcoin’s price, the traditional strategy of simply holding on may be losing its appeal. As more traditional investors enter
Cryptocurrency
Financial technology startup Nium recently announced a $50 million fundraising round, with plans to go public within the next 18 months. The round was led by a Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital. Despite the significant amount raised, Nium’s valuation now stands at $1.4
Rashawn Russell, a former investment banker at Deutsche Bank, was sentenced to 41 months in prison after admitting to a Ponzi-like fraud that involved promising investors guaranteed returns from cryptocurrency trading. The scheme, which ran from November 2020 to August 2022, targeted friends, former college classmates, and colleagues at Deutsche Bank. Russell claimed that he
The London Stock Exchange is set to see the launch of exchange-traded products (ETPs) backed by cryptocurrencies, marking a significant development in the world of digital assets. WisdomTree and 21Shares have announced their plans to introduce these innovative financial products, following approval from the UK’s financial regulator. In a move that signals growing acceptance of
The U.S. Securities and Exchange Commission is set to decide on the approval of ether exchange-traded funds in the coming week. However, industry experts like Ric Edelman believe that the lack of a comprehensive regulatory framework for cryptocurrencies will likely result in a rejection. Edelman emphasizes the importance of regulations to safeguard investors from falling
In the first quarter of 2024, U.S. crypto exchange Coinbase reported a total of $56 billion in consumer trading volumes. This period coincided with bitcoin reaching record highs of close to $74,000. However, this figure pales in comparison to the $133.75 billion quarterly average seen during the 2021 rally, indicating a shift in retail trader
Coinbase, the leading digital token marketplace in the United States, recently released its first-quarter earnings report, exceeding analysts’ expectations. The company reported a revenue of $1.64 billion, surpassing the estimated $1.34 billion. Additionally, Coinbase reported a net income of $1.18 billion, equivalent to $4.40 per share. These figures mark a significant improvement compared to the
Wall Street experienced a day of volatile trading on Monday as investors awaited the Federal Reserve’s upcoming interest rate decision. Key players like Tesla and Apple saw gains in their stock values, propelling the consumer discretionary sector upwards. While Tesla shares climbed due to regulatory approvals for self-driving tech in China, Apple surged following reports
The fourth installment in the popular Korean franchise, The Roundup: Punishment, has made history by setting a new all-time opening day presales record in its home market. With over 834,000 ticket reservations as of Wednesday morning local time, the crime actioner has accounted for an impressive 95.5% of all sales. This surpasses the franchise’s own
In a shocking turn of events, Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, has been dealt a massive blow. U.S. prosecutors have recommended that Zhao be sentenced to 36 months in prison after pleading guilty to violating laws against money laundering. This revelation has sent shockwaves throughout the cryptocurrency
U.S. prosecutors are recommending a harsh sentence of 36 months for the former CEO of Binance, a major cryptocurrency exchange, due to charges related to enabling money laundering. This recommendation goes above and beyond the advised sentencing guidelines and aims to emphasize the gravity of the crimes committed by the accused individual. The allegations against
Bitcoin halving is a process that occurs in the Bitcoin network every four years, reducing the rewards earned by miners. This event is designed to control the supply of new bitcoins entering the market, ultimately leading to a total of 21 million bitcoins in circulation. The most recent halving, which took place on Friday evening,
Learn how to safely invest in cryptocurrencies and make money. Explore valuable tips to navigate the market and maximize profits while minimizing risks. Read on to find out more!