Bigger Risks More Returns: Ethereum’s Volatility Surpasses Bitcoin’s by 50%, ...
Despite Bitcoin (BTC) and Ethereum (ETH) still struggling to reclaim their all-time highs, there appears to be a distinct fact amongst both assets now, as shown in the latest data. Particularly, according to Matrixport’s recent report, Ethereum is now displaying greater price fluctuations compared to Bitcoin in the past weeks. Related Reading: Ethereum Price Gains Strength, Outpaces Bitcoin With An 8% Surge Ethereum’s Volatile Outpacing Bitcoin’s Volatility measures the price variations of an asset over time, with higher volatility indicating more significant price....
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Ethereum’s switch to proof-of-stake is scheduled for mid-September. What are the possible risks? How does it work compared to Bitcoin’s proof-of-work consensus?
The CEO of Commonwealth Bank of Australia (CBA), the country’s largest bank, sees big risks in not participating in cryptocurrency. “We see risks in participating, but we see bigger risks in not participating,” he explained.
Crypto FOMO, Banks Need to Get Involved, Says CEO of Commonwealth Bank
Commonwealth Bank of Australia CEO Matt Comyn talked about the fear of missing out (FOMO) when it comes to bitcoin and cryptocurrency in an interview with Bloomberg Television in Sydney Thursday. Commonwealth Bank, or Commbank, is an Australian multinational bank with....
Word on the street is that every time people start talking about “The Flippening,” the market crashes. The possibility of a mythical time when Ethereum’s market capitalization surpasses that of Bitcoin is a common meme in the crypto industry. And this time, it was close. This year, Ethereum’s growth is not to be ignored. Is […]
Since its birth in 2008, financial experts and institutional investors have criticized the viability of Bitcoin as an independent currency, due to its highly unstable volatility rate. According to data provided by the Bitcoin Volatility Index, however, the volatility of bitcoin price against major currencies such as US Dollars have declined significantly since 2010. More importantly, the rate of volatility has decreased at a consistent pace, dropping at an average rate of 25% per year. At the beginning of 2011, the standard deviation of daily returns (volatility rate) recorded around 8.5%.....
“We see risks in participating, but we see bigger risks in not participating,” said CBA CEO Matt Comyn on the bank’s recent crypto adoption play. Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the “big four” banks in Australia to offer crypto-based services, after the company announced on Nov. 3 that it will support the trading of 10 digital assets directly via its banking app. Speaking with Bloomberg TV on Friday,....