‘Stay Away From Bitcoin’: Top UK Investment Firm Issues Strong Warning—Find O...
The recent crash in the broader crypto market, which saw Bitcoin (BTC) plummet to as low as $102,000 on Friday, has ignited renewed criticism, leading to a cautionary statement from Hargreaves Lansdown (HL), the largest retail investment platform in the UK, which manages approximately $225 billion in assets. Bitcoin As Non-Asset Class? The firm issued […]
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The New York State Department of Financial Services (DFS) reaffirms that bitcoin is an “official” US name for virtual currency. Incidentally, many find the name Bitcoin an “unattractive” brand name. Indeed, some have been calling for replacing its name, and its differing logos, to prevent Bitcoin’s demise. Critics also point out that Bitcoin still lacks....
His firm added exposure to Bitcoin before the winter surge. The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable. His firm, Ruffer Investment company, converted a portion of its gold holdings into Bitcoin in November.Ruffer Investment Company Limited reallocated 2.5% of its Multi-Strategies Fund from gold to Bitcoin in November as a hedge against the “continued devaluation” of fiat. Since then, the value of gold appreciated by 4%, while the value of Bitcoin....
Ethereum started a sharp downside correction below $1,200 against the US Dollar. ETH price is down 20%, but is approaching a crucial support at $1,000 and the 100 hourly simple moving average. Ethereum failed to stay above the $1,200 support and declined heavily below $1,150. The price is down 20%, and it is approaching the […]
Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment Management, also known as Ark Invest, published a research note last week explaining three key reasons why ethereum is breaking out to new all-time highs. The first reason the firm’s analyst mentioned was “Increased institutional interest.” Ark Invest pointed out that a number of....
Bakkt's CEO did not mention whether the company decided to stay away from XRP due to Ripple’s ongoing legal issues. Bakkt, one of the biggest cryptocurrency companies in the United States, will not support XRP as part of its further product development, according to the CEO.On Jan. 11, Bakkt CEO Gavin Michael sat down with the Axios Re:Cap podcast to discuss the mainstream adoption of Bitcoin (BTC) and other digital assets. Michael said that Bakkt is planning to roll out support for a number of altcoins on its platform in the future, but XRP is not one of them.Michael declined to comment....