New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation

The KiwiSaver Growth Strategy, a NZ$350 million (US$245 million) retirement fund operated by New Zealand Funds Management, has according to local media allocated 5% of its assets to bitcoin, citing the cryptocurrency’s similarities to gold as one of the biggest reason behind the trade. According to local news outlet Stuff, New Zealand Funds’ chief investment officerContinue reading “New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation”

Tesla Begins Accepting Bitcoin — Elon Musk Says BTC Payments Will Not Be Converted to Fiat Currency

Elon Musk’s electric car company, Tesla, has started accepting bitcoin payments. Musk, whose title is now Techno-King of Tesla, also confirmed that all “Bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.” Tesla Now Accepts Bitcoin Tesla has begun accepting bitcoin payments. Elon Musk, who recently changed his title fromContinue reading “Tesla Begins Accepting Bitcoin — Elon Musk Says BTC Payments Will Not Be Converted to Fiat Currency”

Turks Look for Bitcoin (BTC) As Lira Collapses, BTC Is Now The World’s Third-Largest Currency

Bitcoin (BTC) has time-and-again proved that it is the ultimate savior of the world against the inefficient fiat systems and government agencies. Over the last week, the Turkish Lira plunged another 14% against the U.S. Dollar which resulted in Turks searching for Bitcoin (BTC) in order to protect their wealth. Over the last weekend, GoogleContinue reading “Turks Look for Bitcoin (BTC) As Lira Collapses, BTC Is Now The World’s Third-Largest Currency”

Ethereum Consolidates Above $1,750, Why A Crucial Break is Almost Certain

Ethereum is still consolidating above $1,750 and $1,710 against the US Dollar. ETH price could soon either rally above the $1,850 resistance or dive towards the $1,550 support. Ethereum is holding the key $1,750 and $1,710 support levels. The price is currently trading below $1,800 and the 100 hourly simple moving average. There is aContinue reading “Ethereum Consolidates Above $1,750, Why A Crucial Break is Almost Certain”

What is an NFT?

NFTs are a special class of digital assets that cannot be exchanged with one another for equal value or broken down into smaller values like most currencies. No one NFT is the same as another, they are characterized by their unique qualities, as well as authenticity. The digital tokens often operate as a type ofContinue reading “What is an NFT?”

Why and How to Diversify Cryptocurrency Trading Portfolio

Why is it necessary to diversify an investor’s cryptocurrency trading portfolio? What are the different strategies for a diversified crypto portfolio? Bitcoin is considered to be one of the top-performing assets to date. In the past, Bitcoin has been named as the best performing asset of the decade; beating the traditional financial instruments like gold,Continue reading “Why and How to Diversify Cryptocurrency Trading Portfolio”

How to Minimize Risk in Cryptocurrency Trading

An overview of strategies and tips to mitigate risks in cryptocurrency trading. The cryptocurrency market cap increased from $193 billion in January 2020 to $641 billion in December 2020. The growth represents that the industry grew by more than three times in 2020. Prominent digital assets like Bitcoin attained a growth of 300% while Ethereum gained 450%Continue reading “How to Minimize Risk in Cryptocurrency Trading”

Binance reportedly under CFTC investigation over US-based trading activity

Binance, the world’s largest cryptocurrency exchange by trade volume, is reportedly under investigation by the United States Commodity Futures Trading Commission regarding possible trades made by U.S.-based customers. Binance Holdings Ltd is being investigated by the watchdog concerning possible derivatives trades made by American customers, Bloomberg reported on Friday, after being tipped off by an anonymous source.Continue reading “Binance reportedly under CFTC investigation over US-based trading activity”

Should You HODL or Should you Trade?

What’s the best way to trade crypto? Should you HODL? Should you buy and sell after a few hours? Should you swing trade? Cryptocurrency is one of the best assets for momentum traders. It is liquid, it has range, and provides clean trends consistently. The truth is there is no one-size-fits-all strategy for crypto investing.Continue reading “Should You HODL or Should you Trade?”

Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin and believes that institutional investors are willing to hold through price fluctuations.Continue reading “Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio”

Top 10 Cryptocurrency Traders to Follow on Twitter in 2021

For all those trading cryptocurrencies, Twitter is by far the best venue to find all the latest about the market. Experienced Crypto-Twitter (CT) users know that you can find all the relevant updates about your favorite coin with one click. You only need to search for the ticker of the specific coin plus the “$”,Continue reading “Top 10 Cryptocurrency Traders to Follow on Twitter in 2021”

3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction

Bitcoin recovered quickly from $44,800 to over $50,000 in under 22 hours and here are three key reasons why The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours.  Behind the rapid recovery are three major factors, including low funding rates, Square’s $170 million Bitcoin purchase, and the spot marketContinue reading “3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction”

Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase

In what is yet another development that highlights the value attached to cryptocurrencies by institutions, Square Inc. announced today that it has purchased another $170 million worth of Bitcoin, taking its total cash equivalents in the digital asset to five percent. “Why are we doing this? We believe the Internet needs a native currency and we believe Bitcoin isContinue reading “Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase”

If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates

Bitcoin, which reached an all-time high of $58,640 was trading at $45,078, after registering a 15% dip in price in the last 24 hours- (3PM 23-FEB-2021). The downward swing has had many speculating whether Elon Musk, who reignited mainstream interest in the asset, could have influenced markets, through his tweets. However, Philanthropist, Bill Gates thinks that while Musk is immuneContinue reading “If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates”

Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst

While the Bitcoin investment is a side show for Tesla, it has clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies. Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been aroundContinue reading “Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst”

Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange

The first bitcoin exchange-traded fund (ETF) in North America has been approved to launch in Canada. Purpose Bitcoin ETF, an alternative mutual fund, is expected to list and trade on the Toronto Stock Exchange. With this approval, the U.S. has fallen behind Canada in approving a bitcoin ETF. First Bitcoin ETF Approved in North AmericaContinue reading “Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange”

Motley Fool invest $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target

“We plan to hold this Bitcoin investment for many years and we’ll wait for all of our members in our new 10X service to be able to buy before we do.” Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will riseContinue reading “Motley Fool invest $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target”

How to use Leverage

Leverage is the use of buying power beyond the assets a trader or investor currently controls, allowing investors to bet larger with the same initial capital base. There are different ways to obtain leverage – the main three in the crypto world being lending desks, derivatives exchanges, and lending protocols. While this article focuses mostly onContinue reading “How to use Leverage”

Elliott Wave Principle

The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed thatContinue reading “Elliott Wave Principle”

Kim Dotcom Launches Whybitcoincash.com

On February 12, the founder of the now-defunct file-sharing website Megaupload and cryptocurrency proponent, Kim Dotcom tweeted about a new website he created that shows the upside of bitcoin cash. The web portal whybitcoincash.com highlights why people should join the digital money revolution and how “cryptocurrencies stand to transform the way business and individuals exchangeContinue reading “Kim Dotcom Launches Whybitcoincash.com”