Banks suffer as Elon Musk’s Twitter buyout hits major hurdles

The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018. 224 Total views 19 Total shares Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the…

1. What is OTC trading? Generally speaking, over-the-counter (OTC) trading is a deal that happens directly between two interested parties — that is, without the supervision of exchanges. OTC deals involve a wide range of assets — from commodities to financial instruments like stocks and derivatives. Unlike traditional exchanges, the OTC market is decentralized and…

New research from the multinational investment bank confirms what many of us knew all along: Investors should never try to time the market. 1583 Total views 11 Total shares When it comes to investing in the financial markets, panic selling often leads to missed opportunities – and waiting for the dip could rob you of…

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner cited a “predictable business environment” as one of the main factors behind its…

The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.However, the problem is real, and it has become much more acute due to interest rates rising in response to entrenched inflation.The United States paid $475 billion for debt service alone in…

Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than 1,000 BTC have reduced from about 2,500 in February to 2,100.If large investors continue to sell, Bitcoin could witness a sharp…

Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud, according to an official announcement on Feb. 12.In the statement, Coinbase states that allowing users to upload their keys to a cloud provides a safeguard against lost keys, will will help them avoid losing funds should the keys be…

One crypto lawyer thinks a Donald Trump election win would revert some SEC crypto lawsuits, but others note he hasn’t always kept campaign promises.

Moody’s said further downgrades could follow if Coinbase doesn’t diversify from its current revenue model or it's unable to turn a profit even in a prolonged bear market. 297 Total views 10 Total shares Credit ratings agency Moody’s has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase, and…