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Is crypto the (new) trade of our lifetime? I ask this question as the price of Bitcoin (BTC-USD) — a proxy for all cryptocurrencies — has fallen almost 50% since mid-April, from $63,000 to $32,000. (I’ll get to the parenthetical “new” in a second.) We may even be heading into another so-called crypto winter, where the price … Read more
A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible. The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital … Read more
Today bitcoin stands somewhere at a 50% discounted rate than it was trading around an year ago. Accept it or not, when you first put that first dollar into bitcoin (had this been in last year or so) all you knew was that it was rising every day and it will probably end up on … Read more
India is about to launch one of the world’s strictest policies against crypto currencies, which would criminalize possession, issuance, mining, trading, and transferring crypto-assets, said the official, who has direct knowledge of the plan. The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while … Read more