Category: Cryptocurrency

Bitcoin Is Trading Surprisingly Well After Another Round Of SEC Rejections

As the Wall Street Journal reported, the Security Exchange Commission rejected nine separate bitcoin-based exchange trade funds yesterday. The rejection of the Direxion application can be found here. Given the hype surrounding bitcoin ETFs and the importance ETFs seems to play in the recent rise in price, I’m surprised how stable prices are after the news, according to Coindesk. I expected to

Ripple’s XRP and Ethereum Drop Double Digits in Huge Cryptocurrency Sell-off

Bitcoin is struggling but cryptocurrencies known as “alt-coins” were faring much worse on Tuesday. XRP and Ethereum both dropped by more than 12 percent and the entire cryptocurrency market lost $19 billion in 24 hours, according to CoinMarketCap.com. “The crypto market seems to have hit panic mode,” says Matthew Newton, analyst at global investment platform

Are Cryptocurrencies a Safe Investment or Are They Like Gambling?

 In this video the Alphaville editor explains why she thinks buying cryptocurrencies is more similar to gambling than to investing. She also explores how regulators and tax authorities around the world. Brought to you by Financial Times. You may also want to read the following article by Mark Uretsky about this subject. Is Trading Bitcoin