Ahead of Federal Reserve’s Open Markets Committee (FOMC) meet outcome, billionaire hedge fund manager Paul Tudor Jones said investors should double down on defensive investments like cash, commodities, bitcoin. The billionaire who has invested two percent of his portfolio in Bitcoin touted the reliability of the…
Cryptocurrencies have been around for roughly a little over a decade but never have they captured the public’s popular imagination as they have in 2021, thanks to the spectacular rise in their prices led by Bitcoin, which at some point recently had risen more than 500 percent in five months. The wider public interest…
Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday. Total crypto ouflows hit USD 21 million for the week ending June 11. Since mid-May, total…
Cryptocurrency market was trading in green on Tuesday after a string of good news helped Bitcoin test $40k. The world’s largest cryptocurrency surged over 25 percent in the last seven days, and touched the $40k level twice during this period. The latest surge came after Elon Musk said Tesla would allow bitcoin…
A new survey has found that 47 percent of young millionaires have more than 25 percent of their wealth in cryptocurrencies. According to the CNBC Millionaire Survey, more than 33 percent of millionaire investors belonging to the millennial generation have over half their wealth in cryptocurrency. As many as 750…
El Salvador became the first country in the world to adopt bitcoin as a legal tender after Congress approved President Nayib Bukele’s proposal to embrace cryptocurrency. Bitcoin’s use as a legal tender will become law within three months. Lawmakers in the South American country voted by a…
The Indian market may open lower on Monday amid mixed global cues as the trend on SGX Nifty indicates a negative start for the broader index in India. The Nifty futures were trading 56.00 points or 0.36 percent lower at the 15,436.50 level on the Singaporean Exchange at 7:45 am. 1. Wall Street | US stocks climbed on…