Bitcoin’s decline has been so strong that it even touched $21,200 today, after a rocky year for cryptocurrencies, stocks, and bonds. The capitalization of the sector is below a trillion dollars. This main digital asset collects losses close to 70% from its November highs, when it almost touched $70,000. WithContinue Reading
In a note to clients issued on Wednesday and signed by Nikolaos Panigirtzoglou, the bank also announced that it is replacing real estate with digital or crypto assets as its preferred alternative asset class. In addition, he said how much he thinks Bitcoin is really worth today and what willContinue Reading
A South Korean entrepreneur, Do Kwon, called the cryptocurrency he created “my greatest invention” in 2018. In endless tweets and interviews, Kwon heralded the potential of the currency, Luna, to change the world and amassed a band of investors and supporters he proudly referred to as “lunatics.” Kwon’s company, TerraformContinue Reading
Rating agency Moody’s issued a report warning on Wednesday that the adoption of cryptocurrencies could lead to excessive fragmentation of the payment system and weaken financial stability, especially in countries with weakened macroeconomic systems. The rating agency emphasizes that sovereigns with lower ratings are increasingly using cryptocurrencies, as it canContinue Reading