Days after the Federal Reserve’s major announcement that it would hike short-term interest rates four times instead of three in 2018, bank stocks have failed to improve as expected. Jim Cramer shared his take on the matter, outlining the rising popularity of Bitcoin and other blockchain-based technologies as one of the possible reasons.
The Capgemini World Wealth Report 2018 has revealed the rich are getting richer — and want better advice from their wealth managers on cryptocurrency investments.
Humanity’s reliance on centralized financial institutions is coming to an end thanks to the power of decentralized cryptocurrency platforms.
The price actions of Bitcoin and Ethereum have failed to break out of their bearish trends this past month – and investors are preparing for lower support levels in the near future. Positive market conditions could likely lead to an influx of first-time investors as well as veterans adding to their positions at the bottom.
Ever since the arrival of Bitcoin, many people have predicted that “soon” all of the cryptocurrencies will crash. The trends in cryptocurrencies have been compared to global events such as tulipmania, the 1929 stock market crash and the dotcom bubble. However, even after the recent fall in crypto prices, the industry continues to attract new investors.
Former Wall Street macro trader and vocal Bitcoin proponent Mike Novogratz has expanded his involvement in the cryptocurrency field, investing $15 million in a startup company which aims to facilitate the launch of trading platforms and tokenizes assets through blockchain-based technology. Despite the current market correction, Novogratz remains overly positive towards the field in general.
Cryptocurrency exchange Japan HitBTC is pushing ahead with plans to establish a Japanese subsidiary after banning accounts allegedly linked with the country.