Warren Buffett has a message to young investors: dollar-cost average into major stock market indices. However, data shows that the same strategy has worked quite well for Bitcoin (BTC) too over the past decade. The term dollar-cost averaging or DCA refers to a strategy when an investor divides up the total amount to be invested into periodic purchases of the given asset. The theory behind this investment strategy is that when an asset goes up or down, investors can benefit Read more …
In a Twitter thread on Sunday, Christine Lagarde, former Managing Director of the IMF and current President of the European Central Bank, invited public commentary on a potential eurozone central bank digital currency (CBDC). “We are still in the review and considerations stage, but we’ve just launched a public consultation so that consumers and Europeans can actually express their preference and tell us whether they would be happy to use a digital Euro just in the way they use a Read more …
The Celo Foundation has launched Wave III of its grants program. The 3rd wave is part of Celo’s mission of supporting financial inclusion and creating conditions of prosperity for all. In the first two waves, over 200 teams from over 50 countries have applied for funding. Celo has given over $1.8M in funding value to applicants to date. You want the latest news about Crypto? Then follow us on Google News! Developers, communities, content creators, and entrepreneurs who want to Read more …
A study by Etoro and The Tie find listing and partnership announcements as significant developments (Sigdev) that have an immediate, large, and positive influence on token price. This influence, which peaks within the first 24 hours, usually wears off after a week, according to the study report. The Impact of a New Token Listing Yet, on the other hand, funding, as well as Merger and Acquisitions announcements, tend to have positive effects on the token price that extend beyond one Read more …
What an October it was for Bitcoin. The number one cryptocurrency by market cap has seen a 30% rise in its price over the last four weeks, making a 17-month high in the process. Even more impressive is how Bitcoin managed to shrug deteriorating macro-factors to achieve this. Source: BTCUSDT on TradingView.com This is mostly thanks to a glut of positive sentiment coming from corporate America, who it seems, is starting to warm to the idea of a decentralized store Read more …
In a move on Friday that may help bring some peace to jilted investors, a five-judge panel from New York formally disbarred Mark S. Scott, the former Locke Lord LLP lawyer and attorney for the notorious scammer Ruja “Cryptoqueen” Ignatova, following his November 2019 conviction on charges related to the multi billion-dollar OneCoin scam. Scott, who was convicted of conspiracy to commit money laundering and conspiracy to commit bank fraud, fought the disbarment, arguing that he has a post-trial motion Read more …
The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches by next year. Considering that India is largely a savings-driven economy, Unicas will also offer crypto saving accounts that pay interest on deposited crypto. This could act as a catalyst Read more …
Usually, blockchains that can handle greater numbers of transactions per second have lower fees. Today, there are dozens of popular blockchain projects that charge different transaction fees. A simple rule of thumb is this: the higher the network’s throughput, the lower the transaction fee. For example, the standard fee of a Ripple transaction is 0.00001 XRP as of today, and it peaked at over 0.40 XRP for a very short period in 2017. Considering that the price of XRP is Read more …
Think you got the chops to be a Popular Investor on eToro? Want to first know what that even means? We can explain. The Popular Investor Program allows crypto traders to turn their skills into bankable income through eToro’s CopyTrader platform. With CopyTrader, eToro users can replicate the moves of Popular Investors in real time. Every time a new user copies your trades, you earn more money and move up in the ranks of the program. You want the latest Read more …
Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as the price action has tapered Read more …
Bitcoin has undergone a massive rally over the past two weeks. From the lows set after the news broke regarding OKEx, the leading cryptocurrency has surged higher by almost 25%. As of this article’s writing, Bitcoin trades for $13,800. Despite this rapid move to the upside, not all analysts are convinced that the true Bitcoin breakout has taken place. That’s to say, Bitcoin could soon see even more explosive movement. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near Read more …
The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level. Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading activity. The monthly Read more …