Cryptocurrencies
Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed....
Bitcoin holds at about $60,000; analysts predict ‘new bull leg’
The world’s most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday’s record high of $61,781.83, then came back...
‘Crypto art’ (NFTs) is all the rage for investors
Why are investors are shelling out large sums for so-called crypto art – Non-Fungible tokens or NFTs? For example, the cartoon frog HomerPepe sold for $320,000;...
Wealth managers frustrated over bitcoin, anxious for piece of the action
The rollercoster ride in bitcoin since the start of the year has not dampened wealth manager Jim Paulsen’s enthusiasm for the cryptocurrency. Yet Paulsen, chief...
Rapper Jay Z takes $300m from Square for Tidal music
Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z’s Tidal music streaming service for $297 million in a deal...
Bitcoin to see continuing increase in value — Citigroup
Bitcoin is forecast to become an important instrument in international trade, as well as a means to protect businesses from forex risk, according to a...
Bitcoin set for worst week since March, loses over $100bn in market cap
Bitcoin was headed on Friday for its worst week since March as a rout in global bond markets sent yields flying and sparked a sell-off...
Ethereum’s ether surges above $2,000; derivatives may be ‘overheating’
Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12 per cent. It has...
Revolut revs up its role in Cyprus
Revolut, the global financial platform with more than 15 million customers worldwide, on Wednesday announced its opening as a bank in Cyprus. Customers in Cyprus...
Ethereum’s ether steps out of bitcoin’s shadow
Ethereum’s ether (ETH), the world’s second-largest crypto asset, has long been overshadowed by its predecessor bitcoin. But it seems to finally be coming out on...