Bitcoin and other digital currencies experienced a major sell-off this week following the crackdown by China.
However, the crypto cynics should not rebuff cryptocurrencies.
It’s been something of a turbulent week for crypto. Around $400 billion has been wiped off the total digital currency market since last Friday, when a key Bitcoin mining hub instructed miners to cease operations.
This followed reports that the People’s Bank of China ordered banks to freeze all payment Read More
Wednesday 9June was a momentous day for crypto.
El Salvador became the first country in the world to adopt Bitcoin as official legal tender.
The Legislative Assembly of El Salvador voted to pass a bill that declared Bitcoin as legal tender, as per the Communications Secretariat of the Presidency of the Republic of El Salvador, receiving 62 out of 84 votes.
As I was quoted by Forbes, Yahoo News, City AM and Verdict, amongst others, although it is the first to adopt the Read More
deVere is now able to offer clients a new and exclusive product linked to the movements of Bitcoin and Ethereum, due to soaring demand for cryptocurrencies.
The fixed-yield bond tracks futures of Bitcoin and Ether on the Chicago Mercantile Exchange over a one-year maturity period.
As I was quoted by Yahoo News and International Investment, amongst other media, I believe this structured note will be an incredibly popular addition to investors’ asset Read More
Banks and other financial institutions who are still not recognising major cryptocurrencies as a legitimate asset class are on the wrong side of history.
Over the last six months, Bitcoin and other digital currencies have had such an impressive run. So, when the crypto market shed over $1 trillion in a week after hitting record highs, a number of financial institutions have spoken out.
A period of consolidation and short-term correction isn’t surprising in Read More
Tesla boss Elon Musk’s about turn regarding Bitcoin on Twitter is likely nothing more than a PR stunt.
Musk’s announcement that the electric vehicle company is halting sales of cars using Bitcoin due to the environmental impact of mining that cryptocurrency, sent prices tumbling.
We’re once again seeing the influential billionaire CEO take to Twitter, this time to unveil a major U-turn.
As I was quoted by Yahoo Finance, Business Insider and others, and also talk about Read More
The price of Ethereum will likely hit $5,000 over the coming seven days as the world’s second largest cryptocurrency after Bitcoin reaches record highs.
On Monday Ether – the token transacted on the Ethereum blockchain – surpassed $3,000 for the first time.
So far in 2021, Ether is up more than 300%, far exceeding the 95% rise in Bitcoin.
Ether has been one of the main beneficiaries of the crypto market boom. Over the past few months, this boom has been driven by Read More
Today is a huge day for Bitcoin and crypto as the largest cryptocurrency exchange in the U.S., Coinbase, gets ready for its IPO.
During an interview with BBC News on Wednesday morning, I talked about how Coinbase’s direct listing really is a momentous day for the cryptoverse.
Under the symbol COIN, Coinbase is launching its IPO on the Nasdaq today, and should it reach its $100 billion private market valuation, it would straight away become one of the 85 Read More
The recent full decentralization of the cryptocurrency Cardano will drive up its appeal and price, making it better placed to compete with rivals Bitcoin and Ethereum.
The price of Cardano has skyrocketed over the last few months, rising around 600% since the start of the year, to become the third largest cryptocurrency by market cap, just trailing Bitcoin and Ethereum.
Yet now, Cardano has come of age by becoming totally decentralized, with its parent Read More
Baby boomers and Generation X are really getting behind Bitcoin and other cryptocurrencies.
A recent deVere poll of our clients over the age of 55 revealed 70% are already invested in digital currencies or are planning to do so in 2021.
Following Bitcoin hitting fresh highs over $58,000 last weekend, and Ethereum racing past $2,000 for the first time, the crypto market has grabbed people’s attention across the globe.
And not just the so-called 'digital Read More
Monday saw the highly anticipated Bitcoin halving event take place, only the third in the history of the event.
These halvings happen every four years, and as of Monday’s 2020 halving, the number of new Bitcoins issued every 10 minutes dropped from 12.5 to 6.25. The halving happened on block 630,000.
This historic event has shown in two ways how secure Bitcoin’s long-term future is.
First, the Bitcoin price has been steadily increasing ahead of the halving event. Almost Read More
It’s likely that we’ll see the price of Bitcoin continue to increase until the coronavirus reaches a peak.
The price of the world’s largest cryptocurrency by market cap gained over 10 per cent in a week and is also up 30 per cent since the end of last year. This makes 2020 the best start to year for Bitcoin in eight years.
Up to now, there have been 17,335 confirmed cases of the coronavirus with a death toll of 362. The epicentre of the virus outbreak is still mainland Read More
Bitcoin will likely receive a price boost by the U.S. Federal Reserve today.
During the U.S. central bank’s meeting on Wednesday it is highly likely it will slash interest rates by perhaps a quarter of a percentage point.
This follows the July rate cut, the first one in a decade, due to the trade war tensions with China.
As such, and as I talk about in this video, Bitcoin – the world’s largest cryptocurrency by market capitalisation - will likely break out of its Read More