Tag: Bitcoin

Bitcoin

BlackRock Looks to Add Bitcoin Futures to Two Funds

BlackRock has indicated it is delving into the cryptocurrency business based on recent US Securities and Exchange Commission (SEC) filings in which the world’s largest asset manager has applied to include Bitcoin futures in two of its funds. According to the filings, BlackRock is looking to add the Bitcoin investments to the BlackRock Global Allocation […]

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Bitcoin

Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile

Cryptocurrencies might never be able to work as actual money, according to UBS. Reason: Crypto’s volatility renders it unreliable as a store of value. The “fundamental flawâ€� inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping, in most cases, said Paul Donovan, chief economist at UBS Global Wealth Management, in a […]

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Bitcoin

Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile

Cryptocurrencies might never be able to work as actual money, according to UBS. Reason: Crypto’s volatility renders it unreliable as a store of value. The “fundamental flawâ€� inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping, in most cases, said Paul Donovan, chief economist at UBS Global Wealth Management, in a […]

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Bitcoin

7 SPACs to Play the Rise of Bitcoin, Crypto Stocks

The rise in the value of Bitcoin and media coverage of cryptocurrencies could make the industry ripe for startups going public in 2021. One of the methods for cryptocurrency companies to go public could be through a special purpose acquisition company. Coinbase is considering a 2021 initial public offering but could also be a candidate […]

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Bitcoin

Bitcoin values poised to ‘drop’ as Joe Biden presidency to create ‘volatile market’ | City & Business | Finance

Mr Biden will be inaugurated as US President today, leaving business leaders to speculate on how his new agenda could impact the economy and business. Bitcoin traders are no different, but senior analyst at Investing.com Jesse Cohen believes Mr Biden’s presidency could hurt the value of the cryptocurrency. She said earlier this month: “While many […]

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Bitcoin

Hack Shuts Down Crypto Exchange Livecoin

Share Tweet Share Share Share Email After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. “Our service has been damaged hard in technical and financial way,â€� the exchange said in the note. “There is no way […]

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Bitcoin

Bitcoin ‘will surge to value of $1million’ as expert predicts ‘enormous money’ | City & Business | Finance

Bitcoin‘s value has began to rise again after a chaotic last couple of weeks. The cryptocurrency was valued at £25,000 on January 5 before rising to a price of £30,000 on January 7. But following this, it endured its worst decline since March last year, losing around 20 percent of its value in just two […]

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Today In Payments: CT AG Launches Amazon Probe

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In today’s top news, Connecticut’s Attorney General has opened an antitrust probe into Amazon’s eBook business, and Petco beat expectations in its IPO. Plus, Grab Financial raised $300 million. Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business Connecticut Attorney General William […]

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Bitcoin

Bitcoin price latest: New 2021 target price of ‘$220,000’ per coin, claims expert | City & Business | Finance

Last week bitcoin pioneer Max Keiser tweeted: “My 2021 Bitcoin target is $220,000 He added: “I’m lifting my short-term target to $65,000.” The reason for his optimistic price prediction was due to multiple factors. One of these reasons is the upcoming cryptocurrency exchange Coinbase’s planned US stock listing. The bitcoin expert also suggested that the […]

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Bitcoin

Bitcoin price: ‘Next target $35,000’ after 170% rise in 2020 | City & Business | Finance

Bitcoin pioneer Mr Keiser recently tweeted: “$28,000 bitcoin confirmed. Next short term target $35,000.” This was followed by a suggestion that money printing by central banks, particularly the US Federal Reserve, was driving the price of bitcoin higher. Mr Keiser tweeted: “The price of bitcoin has no ceiling because the amount of US dollars that […]

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