Tag Archives: Bitcoin

Yahoo Finance’s Brian Cheung breaks down the differences between banking and Bitcoin. Video Transcript [MUSIC PLAYING] ZACK GUZMAN: Welcome back to “Yahoo Finance Live.” I want to spotlight here the update we’re seeing play out in the crypto markets. Of course earlier this week we saw Bitcoin top $20,000 a coin for the first time in history. A lot of people tying that back to what we saw at the end of 2017 when we got close to those levels. But some investors are saying this time is very… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link

Bitcoin’s price continues to climb, a consistent flow of BTC is leaving exchanges and bitcoin “whale” sightings are becoming more frequent. But beyond the market frenzy, how does it all work?  Is bitcoin money or a technology? Is it a store of value like gold or does it emulate Milton Friedman’s “e-cash” idea?  And while the world struggles to come to terms with bitcoin – perhaps most clearly shown in the discrepancy between bitcoin’s current price and asset manager Source link

The price of bitcoin surged past the $20,000 mark on Wednesday morning to $20,820, a new all-time-high and the latest milestone in a 2020 surge that accelerated during the COVID-19 pandemic. The new high took bitcoin’s market cap to $384 billion. Bitcoin already bested its December 2017 peak on Nov. 30 when it topped $19,800, but it swung wildly in the days after, and $20,000 was seen as a major resistance level. The majority of cryptocurrency exchange sites say this is the first time… Source link

The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040. The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no. If you answer inaccurately, you could find yourself in hot water with… Source link

Benzinga Barron’s Picks And Pans Of The Week: Time Is Ripe To Sell NIO, XPeng, Li; And Lessons From The IPO Frenzy * This weekend’s Barron’s cover story makes a case for taking profits on Chinese electric vehicle makers. * Other featured articles examine who is hurt if Chinese companies are delisted, an outlook for the markets and money management trends, and lessons from a crazy week in IPOs. * Also, the prospects for an auto insurer, two old-school stocks still offering growth and a… Source link

While 2020 has been a very difficult year, it has, ironically, been a catalyst year for fintech and crypto. And there are no signs of the momentum slowing down in 2021! Henri Arslanian is Global Crypto Leader, PwC and an Adjunct Professor, University of Hong Kong. Here are my 10 crypto predictions for the coming year: 1. China leading the CBDC and future of money race As we predicted last year, 2020 was a banner year for central bank digital currencies (CBDCs). With 80% of central banks active on… Source link

The price of bitcoin hit a new all-time-high on Nov. 30, driven by institutional buying and other factors that have accelerated in 2020. Read more: Bitcoin: 74 questions answered Bitcoin’s previous peak was in mid-December 2017, almost exactly three years ago. But different bitcoin exchanges and data sites vary on what that 2017 peak actually was: Bloomberg, using terminal data, pegs it at $19,511; CoinDesk, the bitcoin news site, lists it at $19,783; CoinMarketCap, the data partner Yahoo… Source link

(Bloomberg) — Bitcoin and other digital coins steadied Friday after posting some of the biggest declines since the onset of the pandemic, a selloff that stoked fresh questions about this year’s boom in cryptocurrencies. Bitcoin climbed above $17,400, following a slide of as much as 14% to $16,227 on Thursday. Fears over tighter crypto regulations and profit-taking after a frenetic rally were among the reasons cited for the tumble. “After big rallies in shares and various other assets,… Source link