Centralized Exchanges like Coinbase are seeing more competition from so-called decentralized exchanges like Uniswap. Each option carries certain advantages and disadvantages. But with U.S. politicians and regulators making moves to require more reporting from centralized exchanges, there has been a discernable growth in decentralized alternatives for crypto investing. The main benefit of decentralized exchanges is...
Category: TRENDS IN CRYPTOS
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CRYPTO WORTHLESS? AN EXCUSE TO TRADE?
Cryptocurrencies have “no inherent worth” but make good trading opportunities because their prices gyrate, Luke Ellis, CEO of London-based Man Group, the world’s largest manager of listed hedge funds, said in a Financial Times interview. “If you look at cryptocurrencies as a whole, it’s a pure trading instrument,” he said. “There is no inherent worth,”...
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WILL A CRYPTO TAX HELP PAY FOR INFRASTRUCTURE?
A section of the bipartisan infrastructure spending bill now snaking its way through Congress would require cryptocurrency investors and brokers to give more details about their deals to the U.S Internal Revenue Service (IRS). The goal is twofold. First, the provision would give regulators a window into a blacked-out sector of the economy that critics...
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REGULATORS WRESTLE WITH CRYPTO
At least 372 Americans are trading cryptocurrencies on foreign exchanges, skirting a ban on such trades, while those exchanges dodge U.S. regulations meant to protect speculators against market manipulation and safeguard against money-laundering, according to a study by data firm Inca Digital that The Wall Street Journal reported. To reach its conclusion, Inca sifted through...
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BLOCKCHAIN BATTLES
WORLDWIDE CRYPTO INVESTORS DOUBLED IN FOUR MONTHS. There are a lot of metrics and info about what various cryptos do that can and should be analysed when making investment decisions. But the explosion in the numbers of people entering the crypto sphere may be one of the telling signs that in 2021, cryptos have taken...
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BLOCKCHAIN IDENTITIES WILL SEE A BOOM OVER NEXT FEW YEARS
Blockchain technology will see expanded use in the identity industry over the next several years, with networks like Ethereum and Cardano likely to see some of that action. How much money is potentially involved? More than $3.5 billion, according to ReportLinker, a market research firm which conducted a recent study on the industry. The projected...
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BLOCKCHAIN MOVING FAST TO DIFFERENT SECTORS
Blockchain technologies are impacting many sectors, including banking and financials, Ecommerce and retail, but also healthcare and insurance, media, and even politics. Some of the more interesting potential or emerging uses of blockchains include things like smart solar power grid utilization, voting systems and combating cyber threats and attacks. The general principle of blockchains is...
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HEDGE FUNDS BACK AWAY FROM BINANCE
Several hedge funds have suspended trading on Binance, one of the largest cryptocurrency exchanges, after the company has come under fire from regulators in several countries. Regulators in Britain, Hong Kong, Japan, and Lithuania have turned their sights on Binance in the last four weeks, alleging a variety of infractions. (See “More Trouble for Binance,”...
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BITCOIN: AN INFLATION HEDGE?
Bitcoin’s proponents have long touted the cryptocoin as a hedge against inflation, in part because there is only a fixed number of the coins in existence . Now, after rising from a high price below $7,000 in January 2020 to more than $60,000 this year, Bitcoin’s value haD been cut nearly in half since mid-April,...
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JPMORGAN GIVES ALL ADVISED CLIENTS ACCESS TO CRYPTO TRADES
JPMorgan Chase will give all clients asking investment advice, not just the wealthiest, the chance to trade cryptocurrency funds, according to Business Insider. Although clients have been pressing banks for access to crypto through their accounts, JPMorgan would be the first to grant the request. The bank’s advisors will not be allowed to recommend investments...