Category: cryptocurrency

The Dangers of a Central Bank Digital Currency

March 8, 2021
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Commentary In recent weeks, Jerome Powell at the Federal Reserve and Christine Lagarde at the European Central Bank have commented on the likelihood of implementing digital currencies in the next few years. The positives have been well explained: more transparency, ease of use, and lower cost. The European Central Bank (ECB) has stated that “a…

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Ethereum Gets Bulk of Crypto Flows in Latest Week: CoinShares

February 9, 2021
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NEW YORK—Investment inflows into cryptocurrency funds and products amounted to $245 million last week, with 80 percent of the money going into ethereum ahead of the listing of its futures on the Chicago Mercantile Exchange, according to the latest data on Monday from asset manager CoinShares. Total inflows so far this year into the space…

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Should You Invest in Bitcoin in 2021?

January 28, 2021
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No matter where you stand on bitcoin, we can agree on one thing: It’s polarizing. Some investors believe it’s the way of the future and others think it’s a scam. However, it’s gaining popularity. It’s likely that the coronavirus pandemic accelerated its acceptance by pushing more retail online. Now, more than one-third of small- and…

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Day of the Cryptocurrency Is Here

January 13, 2021
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Commentary The age of digital currency has arrived. Unfortunately, it’s less of a brave new world than it is an uncertain one, marked by political upheaval and economic excesses. Anyone not living under a rock knows that the world today is very different—and far less stable—than it was even a year ago. Of course, on…

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Bitcoin Tops $35,000, Setting New All-time Record

January 6, 2021
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The world’s most famous cryptocurrency topped $35,000 late Tuesday, setting a new all-time high as part of an extended upswing. Bitcoin hit $35,868.69 at 11:25 p.m. before falling about $2,000 about five hours later. As of 7:30 a.m. on Wednesday, the price had jumped back to $34,997.96. Bitcoin is a form of currency that was…

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Big Tech Bets and Cryptocurrencies Power 2020’s Top US Funds

December 28, 2020
Big TechBusinesscryptocurrencyEconomieseconomyETF industryexchange-traded fundsMarketsmutual fundsU.S. economyUS
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NEW YORK—Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year’s top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100 percent, according to data from fund-tracker Morningstar. The year was a challenge like few others…

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Big Tech Bets, Cryptocurrencies Power 2020’s Top US Funds

December 28, 2020
Big TechBusinesscryptocurrencyEconomieseconomyETF industryexchange-traded fundsMarketsmutual fundsU.S. economyUS
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NEW YORK—Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year’s top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100 percent, according to data from fund-tracker Morningstar. The year was a challenge like few others…

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