Launch of crypto-linked investment fund lends ‘professional’ edge to swashbuckling asset class
Bitcoin (BTC) is the preeminent cryptocurrency and the first to be used widely. However, hundreds of cryptocurrencies exist, and more spring into being every month.
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The Bank of England's Sir Jon Cunliffe raises concerns about the financial stability risk of cryptocurrencies.
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It’s always hard to know exactly what is driving crypto prices given the opacity of the market and a certain rather large player whose name rhymes with weather, but we think it’s probably partly related to the same market madness that drove GameStop to da moon, as well as to a desire for an alternative to central bank-issued money due to worries about the government overreach (by means of Covid restrictions), and also endorsements from chief executives at the likes of PayPal, Tesla and Twitter/Square.
The global cryptocurrency market cap has grown by 2.63 percent over the previous day to $2.94 trillion, data from coinmarketcap.com shows.
The White House signaled that the US will gather 30 other countries to discuss responses to cybercrime.
One investor who wasn’t deterred was Barstool Sports Inc. founder Dave Portnoy. In May, he announced to his 2.6 million followers on Twitter that he’d bought $40,000 worth, despite saying that SafeMoon could be a Ponzi scheme, a scam in which early investors’ returns are paid with funds coming from later buyers that collapses when new deposits dry up or too many people try to cash out.
The late 1990s and early 2000s saw the rise of more conventional digital finance intermediaries.
Tim Cook says he owns cryptocurrency - but don't expect it at Apple any time soon
Facebook’s closely guarded Libra project could be the first true cryptocurrency alternative to fiat currencies, although its growing pains suggest that true parity remains well in the future.
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Despite the massive swing in value on the Binance US exchange, Bitcoin’s value on other exchanges remained stable. There has been speculation on the exact cause of the spike, though Binance offered a short statement to Bloomberg explaining that one of its institutional traders was responsible.
Binance launched the U.S. arm in 2019. But the company’s main exchange, initially based in China, blocked Americans in an effort to stay on the right side of regulators.
At IG, our markets for bitcoin, bitcoin cash, ether and litecoin are quoted against the US dollar. This is how you’ll usually see these cryptocurrencies quoted elsewhere, too.
Re-imagined NFT Lending Services: Other classes of attractive services offered by the platform are related to NFTs. NFTs represent unique digital assets such as digital artworks, trading cards, image files, video clips, property assets, etc. These digital assets are traded on a unique platform called the NFT marketplace. The EverGrow platform aims to develop one of the largest BSC-based NFT marketplaces in the world. Users will create new NFTs, sell and buy their NFTs securely and economically on this marketplace.
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