Tag: cryptocurrency
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DCG-owed crypto exchange Luno replaces CEO, seeks outside investment
DCG, Luno’s parent company, has been grappling with the ongoing fallout from last year’s plunge in token prices and the collapse of FTX. Rafael Henrique | Sopa Images | Lightrocket via Getty Images LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations, the company ... -
A warning against fake crypto currency ad
If, by any chance, you come across an ad on crypto currency investment involving me and former President and now representative of the Second District of Pampanga Gloria Macapagal-Arroyo, I want you to know that it is FAKE. I made mention on my show, Fast Talk with Boy Abunda (GMA 7) a couple of days back, ... -
Bitcoin Overcomes Industry Headwinds To Reach Highest In 9 Months
today. Concept. 3D render Getty Bitcoin prices rallied today, setting multiple multimonth highs as the digital currency continued to extend its recent gains. The world’s most prominent digital currency surpassed $27,300 around 6:15 p.m. EDT, CoinDesk data shows. At this point, the cryptocurrency was trading at its highest since June and had appreciated roughly 35% ... -
Bitcoin (BTC) price is up 50% this year outperforming stocks and gold
Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indexes and commodities. On Jan. 1, bitcoin began trading at just over $16,500. On Wednesday, it was hovering around the $25,000 mark, thanks to a rally that began on Sunday. The recent rise has come as somewhat of a ... -
Investing in 2023 will be ‘rocky.’ Stay the course, says advisor
The failures of Silicon Valley Bank and Signature Bank are the latest examples of a surprise event that may spook the markets. While investing in 2023 will be “rocky,” those who stay the course will be rewarded, one advisor says. More from Ask an Advisor Here are more FA Council perspectives on how to navigate ... -
When It’s Time to Ban Crypto, According to the IMF
Kristalina Georgieva, the Managing Director of the International Monetary Fund, said the IMF supports countries with their own, monetarily backed digital currencies.Photo: Britta Pedersen/picture-alliance/dpa (AP) The world needs a new crypto crackdown, or else there’s the nuclear option—at least according to one of the world’s biggest financial bodies. Kristalina Georgieva, the Managing Director of the ... -
Robinhood plans to buy back Sam Bankman-Fried’s $578 million stake
Rafael Henrique | Sopa Images | Lightrocket | Getty Images The board of directors of Robinhood has approved a plan to buy up to 55 million shares bought by Sam Bankman-Fried last year. The ex-CEO of the now bankrupt crypto exchange FTX originally purchased his stake in May 2022 through Emergent Fidelity Technologies. The retail ... -
vCASH – A New digital currency that enables Private
San Fransico, CA, Feb. 01, 2023 (GLOBE NEWSWIRE) — vCash is a digital currency or cryptocurrency that’s designed to be used as electronic cash. Updated with the revolutionary privacy protocol, ensuring complete anonymity, scalability and fungibility. vCash – decentralized, confidential, hard money that can’t be controlled or stopped. Financial freedom for the masses. Just like ... -
1Konto Expands OTC Desk to Include G11 Foreign Currencies,
PHILADELPHIA, Jan. 31, 2023 (GLOBE NEWSWIRE) — via InvestorWire — 1Konto, a leading digital asset liquidity provider, is proud to announce the expansion of its OTC desk to include G11 foreign currencies and to enhance its white-glove service experience. This new service complements the existing OTC desk launched in June 2022, which specializes in BTC, ... -
Why You Should Avoid Investing In Cryptocurrency In Retirement
Is Crypto a good investment for retirement? (Photo by Chesnot/Getty Images) Getty Images Many people feel that investing in cryptocurrency is a way to increase their retirement savings, but it is not without risks. Cryptocurrency is a highly volatile asset class with prices that can fluctuate wildly in a short amount of time. This makes ...