Tag Archives: Bitcoin

As commodities prices spike and stocks swoon as a result of Russia waging war against Ukraine, the monetary system could be changed in profound ways, some analysts say. At some point in the future, digital tokens may revert to the inflation hedge and safe-haven from fiat turmoil, as envisioned when they were first created. Traditional safe havens like gold, U.S. Treasuries and the U.S. dollar have surged in the current environment of risk-aversion. In a recent analysis, Zoltan Pozsar, global… Source link

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action. Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation,… Source link

After raising almost $47 million through donations in Bitcoin and other cryptocurrencies, Ukraine announced Wednesday it would reward those who have helped fund the country’s war against Russian invasion through a promotional “airdrop,” distributing crypto tokens directly into user wallets. Usually, a company conducts an airdrop as a promotional tool to increase the number of users for a new token or blockchain project. To unlock the free tokens, recipients are asked to complete a… Source link

With a global conflict afoot, gold (GC=F) has revived its status as a safe-haven in times of turmoil. But Bitcoin? Not so much. Bullion on Thursday surged close to $2000 per ounce, its highest since 2020, after Russian forces attacked multiple targets across Ukraine, which prompted investors to flee risky assets. Meanwhile, the U.S. dollar — the world’s premier reserve currency and another safe-haven during market duress — is gaining ground against a broad basket of currencies. However,… Source link

Warren Buffett.Alex Wong/Getty Warren Buffett has advised against swapping stocks for cash, gold, or bitcoin during wars. The Berkshire Hathaway CEO favors productive businesses over dollars, crypto, or haven assets. Buffett touted Russia’s invasion of Ukraine in 2014 as a buying opportunity for long-term investors. Warren Buffett has warned against dumping stocks, hoarding cash, and buying gold or bitcoin when war breaks out, as he believes investing in businesses is the best way to build… Source link

Valkyrie Investments announced on Tuesday it has crossed $1 billion in assets under management (AUM), partly underscoring the volatile cryptocurrency market’s tentative recovery from a brutal fall-winter slump. To be sure, digital tokens are a long way from the crypto market’s rip-roaring heyday back in the fall, when Bitcoin (BTC-USD) scaled to a fresh record near $69,000, but Valkyrie’s announcement showed how some crypto asset managers are positioning themselves to outlast the whipsaw… Source link

China made headlines in 2021 when it first banned all domestic cryptocurrency mining in June and then outlawed cryptocurrencies completely in September. Following Beijing’s decision, questions remained as to where large scale mining companies would move their operations to next, with China being responsible for much of their world’s mining activity up until the crackdown. GEM Mining CEO John Warren believes that the U.S. has been able to fill the vacuum left by the Chinese pullout of the… Source link

As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake earlier in 2021; has now taken a $101 million impairment on the holding as bitcoin’s value has diminished; and currently Tesla’s bitcoin stake has a market value of nearly $2 billion, and a ‘carrying… Source link

Bitcoin’s (BTC-USD) arrival into the mainstream has seen companies like Microstrategy (MSTR), Block (SQ) and Tesla (TSLA) add the digital coin to their balance sheets — and spawned a new class of investors drawing all or part of their salaries in cryptocurrency. But with Bitcoin slumping by nearly half since hitting a November high under $69,000 in the midst of crypto’s grim winter, the strategy is not without risk — especially for companies bound by strict corporate accounting rules that… Source link

Jeff Fenster, Everbowl CEO and Founder Jeff Fenster, Everbowl CEO and Founder Jeff Fenster, Everbowl CEO and Founder SAN DIEGO, Feb. 04, 2022 (GLOBE NEWSWIRE) — California-based, craft superfood chain, Everbowl™ (https://www.everbowl.com), will now run its business operations off the Bitcoin Standard and is converting cash reserves to Bitcoin. As Founder and CEO, Jeff Fenster explains, “We’ve concluded that running the business exclusively on cash isn’t the most advantageous, nor the safest,… Source link