Tag: cryptocurrencies

America's oldest bank will start transacting bitcoin for clients as the cryptocurrency's popularity explodes, report says

America’s oldest bank will start transacting bitcoin for clients as the cryptocurrency’s popularity explodes, report says

Bank of New York Mellon plans to issue, hold, and transfer clients’ bitcoin, The Wall Street Journal reported Thursday, marking a key development in bringing cryptocurrencies into the mainstream.

How Blockchain Technology Is Helping Companies Solve Operational Issues

How Blockchain Technology Is Helping Companies Solve Operational Issues

The current pandemic has had a tremendous effect on global markets as many companies have been forced to close, temporarily halt their operations or attempt to work from home. Additionally, it has revealed the weaknesses in the daily operations of companies across the world, namely in supply chain management, resource allocation and data security and sharing.

Bitcoin Is Still Maturing As An Institutional Asset

Bitcoin Is Still Maturing As An Institutional Asset

Bitcoin emerged from the scars of the 2008 financial crisis as distrust in governments and central banks inspired the digital currency to thrive outside the establishment. Unlike traditional currencies backed by sovereign credit and taxing authority, Bitcoin has no equivalent support. This push for monetary independence found early adopters in those that wanted to transact anonymously. Then with time, it captured broader investor interest. Yesterday, Tesla announced that it has bought $1.5 billion of bitcoin, which it plans to accept as payment.

Here We Go Again... As Bitcoin Nears $40,000, Tesla CEO Elon Musk Has Sent The Dogecoin Price Sharply Higher

Here We Go Again… As Bitcoin Nears $40,000, Tesla CEO Elon Musk Has Sent The Dogecoin Price Sharply Higher

Bitcoin has broken out over the last few days, climbing almost 15% since the beginning of the week and nearing $40,000 per bitcoin.

Bitcoin Exchange-Traded Funds? How ETFs Can Help The Crypto Market

Bitcoin Exchange-Traded Funds? How ETFs Can Help The Crypto Market

With the new pick for the head of the Securities and Exchange Commission (SEC) – Gary Gensler – bringing a wealth of crypto knowledge to the role, the time might be right for a crypto exchange traded fund (ETF).

Cryptocurrency Stocks Higher After Tough Week for Bitcoin

Cryptocurrency Stocks Higher After Tough Week for Bitcoin

Cryptocurrency-exposed stocks began climbing again on Friday after a brutal week for the digital asset.

Five New Year’s Resolutions For Cryptocurrency

Five New Year’s Resolutions For Cryptocurrency

With a new President, Congress, and SEC Chair, the US can reset its approach and win the cryptocurrency race against China. Here are five resolutions to achieve those goals.

How to invest in blockchain, the high-risk but high-potential technology behind bitcoin and other digital transactions

How to invest in blockchain, the high-risk but high-potential technology behind bitcoin and other digital transactions

Bitcoin often dominates the financial news, riveting investors with its volatile price swings and appreciation potential. Getting far less attention, though, is blockchain, the database technology on which the cryptocurrency rests.

Is This Why Bitcoin, Ethereum, Litecoin And Other Cryptocurrencies Have Suddenly Shot Higher?

Is This Why Bitcoin, Ethereum, Litecoin And Other Cryptocurrencies Have Suddenly Shot Higher?

Bitcoin has continued its huge December rally over the last few days, climbing to a total value of around half a trillion dollars ($500 billion).

How To Save On Bitcoin Taxes Using An IRA

How To Save On Bitcoin Taxes Using An IRA

Many investors believe that bitcoin and the technology behind it, blockchain, will reshape the global financial markets. Even though the cryptocurrency market is still in its infancy, demand is growing from investors who wish to buy into an emerging asset class. Accordingly, since bitcoin is still not widely used as a form of digital money for consumption purposes, from an investment standpoint, its main benefit is as a long-term investment into a future asset category. (Full disclosure: Author owns bitcoin and other cryptocurrencies in a retirement account.)