Financial guru Dave Ramsey has given advice on whether one should invest in cryptocurrencies, like bitcoin. Ramsey sees cryptocurrency as a get-rich-quick scheme, preferring to make his money in a “methodical” and “boring” way. Dave Ramsey’s Advice on Investing in Bitcoin and Other Cryptocurrencies Dave Ramsey has given advice on cryptocurrency investing. Michael from Dayton, …
Yearly archives: 2021
Bitcoin Price Prediction: BTC/USD Climbs to $36,500
Bitcoin Price Prediction – May 30 Bitcoin (BTC) begins to flash some signs of strength as this could mark a notable rise from its recent lows that were set earlier today. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $46,000, $50,000, $54,000 Support Levels: $28,000, $24,000, $20,000 BTCUSD – Daily Chart BTC/USD is …
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Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency Scams
Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving cryptocurrencies. “If you ignore the above advice, you could lose all …
Notorious ‘Tiger King’ Joe Exotic Launches ETH-Based Token to Help Legal Fund
The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king.org, the project will also feature non-fungible tokens (NFTs) and the proceeds from NFT sales will go toward helping Joe Exotic’s legal defense team and tiger rescue funding. ‘Tiger …
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EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin
While a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil …
2 Bitcoin price indicators suggest BTC has not bottomed yet
Traders are using a variety of strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? …
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Top 5 cryptocurrencies to watch this week: BTC, MATIC, EOS, XMR, AAVE
MATIC, EOS, XMR and AAVE could rally higher over the coming days if Bitcoin price can sustain within the $30,000 to $33,000 support zone. Bitcoin (BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and …
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Cardano leads tepid crypto market recovery ahead of Memorial Day
Fears of a nasty pre-Memorial Day selloff in cryptocurrencies may have been overstated, early indicators suggest. Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts. Market update The combined value of all cryptocurrencies rose 4.4% on Sunday …
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Experts answer: How does Elon Musk affect crypto space?
Here’s what crypto and blockchain industry experts think about Elon Musk’s recent comments on cryptocurrency. Wes Levitt, the head of strategy at Theta Labs: “Musk’s tweets and the resulting effects certainly may have hurt crypto in the eyes of some institutional investors. While a good deal of investors already consider Musk a bit of a …
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SEC charges 5 for illegally promoting $2 billion Bitconnect Ponzi
The SEC says five individuals “promoted a global unregistered digital asset securities offering.” Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme. “The SEC’s complaint alleges that these promoters offered and sold the securities without registering the …
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US Senator Urges Treasury Secretary Yellen to Take Action on Cryptocurrency Scams to Protect Investors
U.S. Senator Rick Scott has urged Treasury Secretary Janet Yellen to take action on cryptocurrency scams, which he said have risen 1,000% in the past year and cost consumers at least $80 million. “This is an unregulated industry, and the alarming amount of criminal activity surrounding cryptocurrency demands action,” he told Yellen. Senator Scott Alerts …
Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face …
Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Markets
Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While …
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Litecoin Price Prediction: LTC/USD Lowers Rallying Moves
Litecoin Lowers Rallying Moves– May 30The recent uprising in the LTC/USD market now experiences price lowers rallying moves after the crypto lost momentum to surge past a resistance trading area of around $200. During the time of writing, the trading pair records about a 7.58% increase around the level of $176. Begins a Rally: LTC …
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Understanding the systemic shift from digitization to tokenization of financial services
Another hurdle financial services and institutions need to address is mainstream digital asset adoption. The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset …