Cryptocurrency News

Investors Expect Bitcoin Price to Rip to $11,000 Before the Nasdaq Hits 11k

After a brutal liquidation event in March on the back of pandemic fears, both Bitcoin and stocks have mounted an impressive comeback. Yet it is cryptocurrencies that are leading the pack, posting a strong performance in one of the worst economies since the Great Depression. The leading cryptocurrency is up more than 150% from the Read more…

blank
Cryptocurrency News

Bitcoin Crashes $1,000 as S&P 500 Dips 4.5%: What Analysts Think Comes Next

Bitcoin continued to slip lower after Bitcoinist’s previous market update. The cryptocurrency slipped from the $9,500 support where it was attempting to hold to a low of $9,070 on major exchanges. This means that from the daily high of ~$10,000, BTC has dropped by nearly $1,000 — one of the biggest moves since last week’s Read more…

blank
Altcoin Bitcoin Cryptocurrency News

Bitcoin, Gold uncorrelated while major U.S assets collapse amidst global chaos

Bitcoin has long been touted as an uncorrelated asset and surely enough, it has measured up to that narrative. The same can be said of gold. As major assets across the world feel the heat of chaos, Bi

The post Bitcoin, Gold uncorrelated while major U.S assets collapse amidst global chaos appeared first on AMBCrypto.

blank
Bitcoin Cryptocurrency News

Bitcoin is the Only Asset With “Sharpe Ratio” More Than 1: PlanB

Bitcoin Twitter commentator PlanB has claimed that BTC is the only asset that has a Sharpe ratio of greater than 1. The Sharpe ratio describes the increased rate of return received for the extra volatility sustained when holding a riskier type of asset. Risk vs. Reward To understand the Sharpe ratio, one must take into Read more…

blank
Bitcoin Cryptocurrency News

Why Fund Managers Will Buy Bitcoin at $1 Trillion

Large funds are constrained by rules about profitability and portfolio balancing – hence they may be forced to shed assets like bitcoin that have the potential to return magnanimous gains. Diversification and Profitability Constraints Make Fund Managers Sell So far, stock selection rules and the fact that fund managers need to show profitability in their Read more…

blank
Bitcoin Cryptocurrency News

Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa

It was my junior year of college when I had my formal introduction to Bitcoin. On that bright but brisk autumn day in 2015, my buddies and I ventured into the lone drug store in the parish-pump, truckstop town that accompanied my woodland-tucked university.  Being one of the only convenience stores in town, most students Read more…

blank
Bitcoin Cryptocurrency News

Millennials Trust Bitcoin-Based Equities Over Microsoft, Disney Stock

Bitcoin-based investment has made its way into the portfolios of the youngest investors, as millennials allocate a part of their retirement to Bitcoin-based stock. Millennials Allocate Funds to Different Asset Mix Analysis of self-directed brokerage accounts show a generational divide in selecting assets. Older GenX investors have no exposure to Bitcoin (BTC) through financial instruments, Read more…

blank
Bitcoin Blockchain Cryptocurrency News Ethereum

What is Ethereum, and how does it work?

Ethereum is second to Bitcoin on the cryptocurrency market rankings. But what is it? What powers the second most valuable blockchain? How does it function?  In this digital age, we are dependant on the internet for almost all aspects of our personal and professional lives. But is the internet functioning today in-line with the ideals Read more…

blank
Altcoin Cryptocurrency News

Mimblewimble Attacked Using $60 Per Week on AWS

Ivan Bogatyy of Dragonfly Research says he was able to use as little as $60 per week on Amazon Web Services (AWS) to expose a critical vulnerability on the Mimblewimble (MW) privacy architecture. This flaw in the MW protocol may dent the network’s aspiration of being a viable alternative to other privacy-focused blockchains like ZCash Read more…

blank
Blockchain Cryptocurrency News Market

Another Major US Company To Launch Crypto Trading Platform

Despite its wild volatility and mounting regulatory pressure in the US, another company has joined the ranks of those offering crypto trading services. SoFi Enters Crypto Arena San Francisco based student loan refinancing firm SoFi announced this week that it would offer crypto trading for three major digital currencies. According to CEO Anthony Noto, the Read more…