Famed value investor Bill Miller claimed to have 50 percent of his personal investment portfolio in Bitcoin, which could signify a move towards the niche segment by fundamental investors who prefer to place bets based on intrinsic values rather than volatile trends, despite the recent significant fall in value. In an interview with WealthTrack, Miller…
Value Investor Bill Miller Claims Around Half of Personal Assets Now Invested in Bitcoin
GameStop Enters NFT Market
New reports indicate that GameStop has taken steps to develop a marketplace for non-fungible tokens (NTFs), marking the latest development in its ongoing effort to transform its core business. A source familiar with the matter told The Wall Street Journal that the video game retailer has hired over twenty people to facilitate the creation of “an online…
PayPal Plans Launch of Its US Dollar Backed Cryptocurrency
PayPal confirmed on Jan. 7 that it is preparing to launch its own stablecoin cryptocurrency backed by the U.S. dollar, after signs of the move were found on its iPhone app. Developer Steve Moser of The Tape Drive discovered evidence in the PayPal app of an experimental cryptocurrency called “PayPal Coin,” which he shared with Bloomberg….
Bitcoin Falls Under $40,000 to a 5-month Low
LONDON—Bitcoin fell over 5 percent on Monday to its lowest in over five months, tumbling under the $40,000 level. The largest cryptocurrency fell as far as $39,558, its lowest since Aug. 5. It was last down 4.7 percent, more than 40 percent below a record high of $69,000 hit in November.
Dollar Ticks Up as Case for March Fed Hike Grows
LONDON—The dollar ticked up on Monday amid rising bets U.S. inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline U.S. job-creation figure squeezed traders out of long dollar…
Wall Street Set for Weaker Start After Mixed Payrolls Data
January 7, 2022
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LONDON—Wall Street headed for a lower start on Friday as investors sought to interpret a ‘mixed bag’ of payrolls numbers before the final session of a rollercoaster first trading week of the year. U.S. employment rose by a less-than-expected 199,000 jobs last month as the impact of a resurgent pandemic bites, well below the 400,000…
Crypto Markets’ Downward Slide Continues, Bitcoin Loses 37 Percent Value
Bitcoin is trading below $43,000, after a significant fall Thursday, in the midst of a broader decline across markets, following the news on Federal reserve tightening monetary policy shifting investors away from riskier assets like stocks and cryptocurrencies. Bitcoin has touched a new low since September, as the world’s largest cryptocurrency with a market capitalization…
SEC Delays Decision on NYDIG Bitcoin ETF
January 5, 2022
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NEW YORK—The Securities and Exchange Commission on Tuesday said it delayed its decision on a bitcoin exchange-traded fund (ETF) proposal from NYDIG, which would be based on the price of bitcoin held in a trust. The SEC said it will make a decision about whether to allow the bitcoin ETF from NYDIG, a subsidiary of…
Market Analyst Says Shiba Inu and Dogecoin Unlikely to Rally in 2022, Only Elon Musk Tweets Can Pump the Cryptos
During an end-of-year interview, senior currency strategist at Forex analysis site DailyFX Christopher Vecchio said that he would be very surprised if Shiba Inu or Dogecoin have a good 2022. Adding that he believes that only Tesla Inc. CEO Elon Musk would be able to save these coins. “Ultimately, I do think there’s a little bit of a sentiment…
Top Cryptos of 2021: We Bet You Have Never Heard of the Top Gainer
In a collaboration with cryptocurrency market data platform CoinStats, Benzinga gained insight into which cryptocurrencies saw the best price-performance in 2021—with results that could be surprising to most. Data shared with Benzinga shows some of the top five cryptocurrencies of 2021 are assets so unknown that even the most expert crypto pundits could be surprised…
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