Goldman Sachs knows what the market wants. With that, and knowing that business banks make their money charging percentages or handling fees, what the market wants, the market gets of course.As such, Goldman has filed with the SEC to introduce a copy of the ARK fund of Cathy Wood and offer to its clients a basket […]
Bitcoin is trading sideways at around $53,700 as traders are waiting on the sidelines to see how the $6 billion options expiry, scheduled for today, will play out. In the broader altcoin market, most coins are waiting to see what would happen as well, except for XRP and Theta, which both climbed more than 10%.For […]
Charles Hoskinson, the founder of Cardano and CEO of Input Output HongKong, is a centre-right American who will rather support the Republicans than the Democrats. He is thus not too hyped up when it comes to the new Biden stimulus. Wait, you think we’re still talking about the $1.9 trillion Covid stimulus that the White […]
The crypto market is undergoing a correction, with all major coins down several percentage points. Bitcoin is trading near $53k while Ethereum is trading around $1,600. Over in the broader altcoin market the losses are far greater with Polkadot losing 14%, XRP near 9% and Uniswap 14%. The first winner on the board was on […]
Yesterday, Tesla CEO Elon Musk once again grabbed headlines with a simple tweet. Whereas in 2020 that role was considered to be President Donald Trump’s, this year it’s been mostly Elon Musk’s role as the newest Twitter news maker.He has spoken in the past about how Tesla would invest directly in Bitcoin, how much he’s […]
Dictators and control of central banks, it’s a love that history never seems to get enough of. Recep Tayyip Erdoğan, the current President of Turkey, understands that in order to maintain a hold on power, he has to accept a devaluating currency and a sliding stock market from time to time to come across as […]
Classic finance is still influencing classic media in a way that the crypto world can only dream of. Our colleagues over at City AM, the London City’s newspaper par excellence, headlined yesterday that Bitcoin’s $60,000 level now feels like a distant memory, probably hoping to push investors back to bonds and stocks.They seem to be forgetting […]
Bitcoin still refused to go decisively in any direction and at the time of writing is trading slightly higher round the $56k level. With a record number of options contract expiring on Friday, it could be that traders are waiting to see where this will take them.Meanwhile Theta and its fuel token Theta Fuel, which we last discussed […]
China’s paper cash is going digital with the launch of the E-Yuan. When the world will see China’s renewed strength at next year’s Winter Olympics in Beijing, the communist government in Beijing wants to make the Digital Yuan (or E-Yuan) a showpiece of Chinese strides in e-commerce. Problem for the US companies doing business in […]
The number of Wall Street analysts that are discussing a possible $100,000 price tag for Bitcoin before 2021 are growing greater and greater as the year progresses. For one there is optimism that the current crypto market can only grow as millennials prefer digital over cash money and secondly institutional money is clearly pouring into […]
