Why investors should ignore crypto and stick with gold

CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoins‘s recent gains and instead look to golden. “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says … Read more

Cameron Winklevoss and Barry Silbert are in a bitter battle in crypto

Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Miami, Florida, US, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cameron Winklevoss and Barry Silbert were both early believers in … Read more

FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus … Read more

Binance backing for Elon Musk’s Twitter bid boosts ‘Web3’ vision

Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. … Read more

Bitcoin down, El Salvador bitcoin city, ConstitutionDAO

Most of the major cryptocurrencies by market value suffered losses in the past week. Bitcoin is down nearly 14.6% in the past seven days, according to CoinGecko. After hitting an all-time high of $ 69,044 on November 10, bitcoin fell below $ 60,000 on Tuesday. It is currently trading at around $ 56,201. Ether is … Read more

Bitcoin (BTC) price slumps to 3-month low

Chukrut Budrul / SOPA Images / LightRocket via Getty Images Bitcoin fell to a three-month low on Friday night amid nervousness over the tightening of US monetary policy and the shutdown of the internet in Kazakhstan, the world’s second-largest bitcoin mining hub. The price of bitcoin fell below the $ 41,000 mark to $ 40,749.90 … Read more

Bitcoin slump offers tax play for investors — for now

A young woman walks past a Bitcoin symbol in the window of a company that offers blockchain application services. Sean Gallup | Getty Images News | fake images Bitcoin took a beating in December, but that price drop opens up a tax loophole for investors. The cryptocurrency lost around 18% this month through Thursday, with … Read more

12 key moments that fueled crypto’s record growth in 2021

It has been a record year for the cryptocurrency market, briefly surpassing $ 3 trillion in value in November. Bitcoin, the largest cryptocurrency by market value, and Ether, the second largest, hit all-time highs, while altcoins, such as meme-inspired dogecoin, surged in popularity. Other digital assets, such as non-fungible tokens, or NFTs, sold for millions … Read more

Top predictions for crypto in 2022, from bitcoin crash to regulation

Vertigo3d | iStock | fake images Crypto crash Some experts believe that Bitcoin will suffer a sharp drop in the coming months. Bitcoin rose to a record high of nearly $ 69,000 in November. It is now below $ 50,000, almost 30% below its peak. Wall Street wisdom defines bear markets as a decline of … Read more

$7B stolen in crypto scams in 2021, RadioShack DeFi

The top cryptocurrencies by market value remain in the red this week. Bitcoin is currently trading at around $ 46,766, according to Coin Metrics, and Ether is trading at around $ 3,880. Both are down about 6% in the last seven days. But some cryptocurrencies in the top 10 managed to weather the recession. Terra’s … Read more