Tag: cryptocurrencies
-
These are now the hot cryptocurrencies for crime
[ad_1] As Wall Street ramps up its campaign to sell bitcoin funds to the public, a new report reveals just how far the original cryptocurrency has already been displaced by thousands of newer rivals in the field where it was arguably most influential —financing crime. Bitcoin’s share of “illicit cryptocurrency activity” has collapsed by an astonishing 80%…
-
A ‘wild outcome’: How the Ripple decision scrambles the battle between SEC and crypto industry
[ad_1] A federal judge dealt a significant blow Thursday to Security and Exchange Commission Chair Gary Gensler’s quest to bring the crypto industry to heel, but securities-law experts warn that the legal and political implications of the decision are difficult to predict and may not prove to be a lasting victory for investors in digital…
-
Crypto bulls are thrilled by court ruling that XRP isn’t always a security
[ad_1] Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Crypto bulls are excited that a federal judge on Thursday ruled XRP, a token associated with Ripple Labs, isn’t a security when sold to the public in a programmatic on digital-asset exchanges. XRP rallied almost 70% Thursday to around $0.78, representing…
-
Bitcoin finally decoupled from U.S. stocks. Here’s why it matters
[ad_1] For more than two years, bitcoin and stocks often traded in tandem with each other but maybe no longer. The correlation between bitcoin BTCUSD, -0.79% and the S&P 500 index SPX, +0.31% has fallen to close to zero, according to a Tuesday note by Dan Morehead, founder and managing partner at Pantera Capital. …
-
Bitcoin to top $100,000 by end of 2024, says Standard Chartered strategist
[ad_1] Bitcoin’s price is likely to reach $50,000 by the end of this year and has upside above $100,000 by the end of 2024, according to Geoff Kendrick, head of crypto research at Standard Chartered Bank. In a previous note in April, Kendrick said he expected bitcoin BTCUSD, -0.12% to rise to $100,000 by the…
-
BlackRock CEO Larry Fink compares bitcoin to digital gold as ETF applications at SEC stack up
[ad_1] BlackRock Chairman and CEO Larry Fink has never been outright dismissive of bitcoin, but he sure sounds more enthusiastic now that his firm, and others, are seeking regulatory approval for a spot bitcoin exchange-traded fund. “I was skeptical because the early users were — it was heavily used for, let’s say, illicit activities,” said…
-
Here are the top-performing ETFs in first half of 2023 as crypto-related funds soar
[ad_1] Hello! This week’s ETF Wrap looks at top performers in the first half of 2023, as well as flows, as stocks rally and crypto-related funds jump so far this year. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on Twitter at @cidzelis and find me on LinkedIn. Isabel Wang is on…
-
Coinbase’s stock has been on a surge, but analyst says the pop ‘may prove short-lived’
[ad_1] Coinbase Global Inc. shares have been on a tear over the past two weeks, but an analyst warns that enthusiasm for the stock “may prove short-lived.” Berenberg Capital Markets analyst Mark Palmer attributed the more than 30% rally in Coinbase’s stock COIN, +2.09% since June 15 in part to optimism about BlockRock’s application with…