Tag Archives: crypto

Kevin O’Leary sees ‘trillions’ coming to crypto — but he still loves these dividend stocks “For the first time ever, my crypto exposure is greater than gold.” That’s what investment mogul and Shark Tank personality Kevin O’Leary told Stansberry Research in an interview earlier this month. In fact, Mr. Wonderful plans to double his crypto holdings to 7% of his portfolio by the end of this year, largely because he sees “trillions of dollars” of interest coming into the… Source link

In July, major crypto lender BlockFi officially launched its credit card that lets customers earn cryptocurrency rewards based on spending. Today, the company said the number of BlockFi cardholders has grown to over 50,000 in the last three months. Unlike cryptocurrency debit cards offered by companies like BitPay and Coinbase – which let customers spend their crypto – the BlockFi credit card incentivizes users to spend U.S. dollars in order to earn crypto. BlockFi first announced its… Source link

Bitcoin and other cryptocurrencies are shooting up the charts this week, continuing their break-away pattern from the stock market over the last month. While bitcoin’s (BTC-USD) volatile behavior still baffles plenty of investors, it’s increasingly the safest bet as regulators worldwide signal a tightening over the crypto sector. While the overall crypto market at times moves in lockstep with other risk-on assets, since October the asset class is showing some divergence. The S&P 500 (^GSPC)… Source link

At least one voice at the U.S. Securities and Exchange Commission (SEC) is growing louder in speaking out against the way the agency is regulating cryptocurrencies. Commissioner Hester Peirce, affectionately dubbed “crypto mom” by crypto enthusiasts for her understanding of the technology, has not been shy about her desire to provide a more clear regulatory framework around the industry. But in a new interview with Yahoo Finance, she may have delivered her harshest assessment yet. “It is… Source link

Toronto-based personal light electric vehicle (LEV) producer Daymak plans to launch a cryptocurrency-mining car that will allow owners to make money when parked, plugged in, or wireless charging. The car, known as the Spiritus, is a three-wheeled all-electric vehicle able to seat two adults aimed at being a daily commuter “designed with the track in mind,” according to Daymak’s website. The base model Spiritus Deluxe has a top speed of over 85 mph, a 0-to-60 time of 6.9 seconds, and a… Source link

Bitcoin (BTC-USD) spiked by more than 10% on Friday, joining cryptocurrencies in a broad relief rally as investors cheered constructive remarks from officials about the industry’s regulation. Battered by developments in China and a volatile environment for risk appetite, digital currencies had a rough September. However, signals this week from U.S. regulators also appear to have given sentiment a boost, sending Bitcoin to its biggest intraday rally since July.  Other cryptocurrencies like… Source link

As regulators circle cryptocurrency, acting Comptroller of the Currency Michael Hsu warned that the U.S. could be heading for a new financial crisis if oversight over the industry isn’t tightened. “If the crypto industry doesn’t evolve or is more responsible, then we will be headed” for a potential rerun of 2008, Hsu told Yahoo Finance in an exclusive interview. The official is one of several crypto skeptics within the Biden administration who have taken more of a hardline on… Source link

Wasting no time, crypto bulls already see last week’s banishment of crypto trading by the Chinese government as a boon to the emerging sector. Speaking at Yahoo Finance’s Crypto Investing Summit this week, the investor and podcaster, Anthony Pompliano, echoed the sentiment of many longtime investors of the asset class.  The Chinese government banned cryptocurrency activities at least 5 different times before last week, with this most recent action making crypto trading or offering any… Source link

Developing economies are once again leapfrogging prior waves of technological innovation with the help of cryptocurrency. Much like the way consumers in India and Indonesia a decade ago skipped landlines for cellphones, institutions in Africa are embracing the advancements in crypto over alternatives offered by the traditional plumbing of the global financial system. As Elizabeth Rossiello, founder of the Africa-focused fintech platform AZA Finance, described at Yahoo Finance’s All Markets… Source link

The vast majority of money managers remain cautious on cryptocurrency investing, despite some big name investors putting their money behind digital coins, according to one analyst. Speaking at Yahoo Finance’s All Markets Summit Plus, Fairlead Strategies founder Katie Stockton said crypto adoption still remains in the “very early stages” with limited institutional money flowing into the space. “We’re kind of at the very low end of that curve, right? That could accelerate to the upside,”… Source link