Cryptocurrency News

Berkshire Hathaway's Charlie Munger says the US should ban crypto

/
Munger is vice chairman of Berkshire Hathaway and long-time Buffett colleague.He write an op-ed in the Wall Street Journal (gated) saying crypto displays "wretched excess" that has continued "because there is a gap in regulation". A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a…

Crypto Funds Notch Big January Inflows Amid Surge for Tokens

/
© Reuters. (Bloomberg) -- The resurgence in digital assets in January looks like it’s finally tempting investors back to the battered world of crypto ETPs. More than $210 million poured into exchange-traded products that track cryptocurrencies in January, the most since May, according to data tracked by Bloomberg Intelligence. Total assets under management grew 37%…

Bitcoin continues to consolidate near 5 1/2 month highs

/
Bitcoin below the 100/200 hour MAsThe price of bitcoin has been trading in an up and down range near the 5 1/2 month highs (going back to mid-August). The range since January 20 has seen the digital currency trade between $22,334 and $23,954. In between those extremes (see Red box in the chart above) sits…

Ethereum price forecast for February, including Morgan Stanley comments

/
By Investing.com Staff  Ethereum () price had a very strong performance in January, gaining nearly 33% to record its best month in July 2022. The entire cryptocurrency market has managed to stage a minor relief rally after a big slump in 2022. The total crypto market cap soared from the 2-year lows just below $750 billion…

Bitcoin Beating US Government Bonds Is a Whole Vibe Shift in Markets

/
2/2 © Bloomberg. Cryptocurrencies listed on a Bitcoin automated teller machine (ATM) at a liquor store in Washington, DC, US, on Thursday, Jan. 19, 2023. Bitcoin steadied after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at the start of the…

US President Biden administration's 'Roadmap to Mitigate Cryptocurrencies’ Risks"

/
Issued by the White House by Director of the National Economic Council, Brian Deese - chief economic adivser to Biden. turmoil in the cryptocurrency markets has had little negative impact on the broader financial system to dateWhile cryptocurrency might be relatively new, the behavior we have seen some cryptocurrency companies exhibit and the risks posed…

Litecoin Climbs 10.08% In Bullish Trade

/
© Reuters Litecoin Climbs 10.08% In Bullish Trade Investing.com - Litecoin was trading at $96.440 by 01:45 (14:45 GMT) on the Investing.com Index on Sunday, up 10.08% on the day. It was the largest one-day percentage gain since Wednesday, November 23, 2022. The move upwards pushed Litecoin's market cap up to $6.882B, or 0.64% of…

Bitcoin update - still holding above US$23K

/
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…

FBI says North Korea-related hacker groups behind $100m US crypto heist

/
Info via Reuters:Two hacker groups associated with North Korea, the Lazarus Group and APT38, were responsible for the theft last June of $100 million from U.S. crypto firm Harmony's Horizon bridge, the Federal Bureau of Investigation said on Monday.On Jan. 13, the groups used a privacy protocol called Railgun to launder over $60 million worth…

Cardano Climbs 10.06% In Rally

/
Cardano Climbs 10.06% In Rally Investing.com - Cardano was trading at $0.3709 by 21:17 (10:17 GMT) on the Investing.com Index on Saturday, up 10.06% on the day. It was the largest one-day percentage gain since Thursday, November 10, 2022. The move upwards pushed Cardano's market cap up to $12.7269B, or 1.21% of the total cryptocurrency…