The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

WASHINGTON — With the proliferation of cryptocurrencies, prices of bitcoin and other digital tokens are often displayed on cable news tickers and financial apps as if they were common stocks, bonds or oil futures. They are not. This makes them a challenge to US financial lawmakers. Cryptocurrency censorship, which appeared in 2009, is sporadic. Regulators … Read more

Bitcoin Steadies After Flash Crash

Bitcoin Steadies After Flash Crash

Bitcoin sell-offs plummeted on Wednesday, providing some relief to holders of the volatile cryptocurrency after a sudden crash the previous day wiping out billions of dollars of its value. The largest cryptocurrency by market capitalization is down 1.3% to settle at $4,6154.44 a piece, according to 5pm ET data from CoinDesk. It briefly fell 17% … Read more

Different crypto will be less correlated, as healthcare stocks ‘won’t move in the same way’ gold ETF moves, a crypto asset manager says

Different crypto will be less correlated, as healthcare stocks 'won't move in the same way' gold ETF moves, a crypto asset manager says

Hello! Welcome back to Distributed Ledger, the weekly crypto newsletter that hits your inbox every Thursday. I’m Francis Yu, a crypto reporter at MarketWatch, and I’ll share with you the latest and best digital assets this week so far. Find me on Twitter at MustafaHosny Oh God, Amen To send feedback or tell us what … Read more

Crypto can no longer hedge your investments – POLITICO

Crypto can no longer hedge your investments – POLITICO

The value of bitcoin and other cryptocurrencies moves more with market volatility in the stock market, and thus serves as a poor hedge for investment portfolios, according to the International Monetary Fund. The International Monetary Fund disclosed its research in a blog on Tuesday, repeating last month’s calls for global regulatory action. He warned that … Read more

Errant quotes made cryptocurrency investors ‘quadrillionaires’ on paper today. Here’s how the crypto community reacted.

Errant quotes made cryptocurrency investors ‘quadrillionaires’ on paper today. Here’s how the crypto community reacted.

Bitcoin has minted more than a few million millionaires in recent years as its value has soared since its inception more than a decade ago, but an apparent supply problem made investors richer – on paper at least – for a while on Tuesday. Crypto sites, including digital asset exchange Coinbase Global COIN, -0.71% and … Read more

Turkey aims at safe financial base for cryptocurrency market

Turkey aims at safe financial base for cryptocurrency market

Istanbul Mustafa Ilyas, the deputy leader of the parliamentary group of the ruling Justice and Development Party (AKP), has denied allegations of a 40 percent tax on cryptocurrency gains. class=”cf”> A proposed law to regulate domestic cryptocurrency exchanges is expected to be presented to the Turkish parliament in the coming weeks. Elias tweeted late on … Read more