|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.35|
Bitcoin and other cryptocurrency prices soared Monday after Fidelity announced the launch of a new company that could help increase access to digital currencies. What Happened? One of the biggest criticisms of cryptocurrencies in the early stages of their development are that they're difficult for the average investor to access and that they will need to become mainstream in order to survive and thrive. While a number of cryptocurrency-oriented financial services companies have sprung up in recent years, Fidelity is the first traditional Wall Street form to provide cryptocurrency solutions like custody.
Cryptocurrencies have been turning in a forgettable performance so far this year, with bitcoin — the most widely traded crypto — losing a whopping 56 percent year-to-date after a stellar performance in 2017. The digital currency soared to a high of $6,950, but has since then given back some of the gains and was trading at $6,665.91 at the time of publication, according to CoinMarketCap. The cryptocurrency Tether is making a downward move, losing 2.38 percent against the dollar and 8.08 percent against bitcoin.
On Wednesday, Yahoo Finance reported the U.S. Securities and Exchange Commission has issued a second wave of subpoenas to cryptocurrency startups who used initial coin offerings to raise funding. The Dow Jones dropped 800 points on the day, but the 2.4 percent decline in the S&P 500 was less than half of the 6 percent decline in bitcoin prices that day.
The cryptocurrency market finished a difficult week on a low note on Friday, with most major currencies trading down on the day. Here’s a look at some of the headlines that were moving the cryptocurrency ...
There is no question that there is a connection between blockchain and cryptocurrencies — without blockchain, cryptocurrencies wouldn’t exist. One stock that is as close to a pure play on cryptocurrencies as you can get is Bitcoin Investment Trust (OTCMKTS:GBTC), which basically tracks the price of bitcoin. As goes the price of bitcoin, so goes GBTC’s share price.
NEW YORK, Sept. 6, 2018 /PRNewswire/ -- Grayscale Investments, LLC, a global leader in digital currency asset management, today announced the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN, a privacy-focused digital currency. Zen Investment Trust is the eighth single-asset investment product introduced by Grayscale, and the first security solely invested in ZEN.
Bitcoin plunged back below the $7,000 on reports Goldman Sachs has abandoned plans to establish a cryptocurrency trading desk.
Institutional investors looking for exposure to the fast-growing universe of cryptocurrencies have a new vehicle to consider. On Tuesday, Bitwise Asset Management and Morgan Creek Digital, the digital ...
Bitcoin investors are no strangers to volatility and market-moving headlines, but the past few days have been particularly eventful for crypto investors. On Friday, Fundstrat Global Advisors analyst Tom Lee said bitcoin prices have started to correlate positively with emerging markets. Lee said the selling pressure in both cryptocurrencies and emerging market stocks could reverse in the second half of the year, especially if the U.S. dollar weakens and the Federal Reserve slows down its tightening.
Wall Street is desperate to get in on the bitcoin game, but the Securities and Exchange Commission remains wary, and industry insiders don't expect that to change anytime soon. As much as bitcoin trading has matured over the past year—price spreads between different exchanges are tighter, for instance—there's still too much evidence that digital currencies can be manipulated, and the exchanges where most trading occurs are vulnerable to hacking and shady operators. Regulators don't yet have the legal authority to conduct steady surveillance of those markets.
The cryptocurrency market finished another difficult week on a low note on Friday, with most major currencies trading down more than 2 percent on the day. Here’s a look at some of the headlines that were ...
HENDERSON, NV / ACCESSWIRE / August 10, 2018 / Investors focusing too much attention on large technology stocks like Apple and Google have perhaps overlooked smaller upcoming technology companies with ...
The Securities and Exchange Commission said Tuesday it's delaying a decision on the proposed VanEck SolidX Bitcoin Trust by more than a month. Exchange traded funds issuer VanEck and fintech company SolidX revealed plans for the VanEck SolidX Bitcoin Trust in June. Assuming the fund is approved, SolidX would be the sponsor while VanEck would market the fund.
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / U.S. equities closed up on Tuesday, as investors set aside trade related concerns and focus on strong corporate earnings. The Dow Jones Industrial Average increased ...
The cryptocurrency market finished a difficult week on a quiet note on Friday, with most major currencies trading up less than 1 percent on the day. Here’s a look at some of the headlines that were moving ...
CORAL GABLES, FL / ACCESSWIRE / August 3, 2018 / The breakdown of consumer internet stocks Facebook, Twitter and Netflix have resulted in a number of investors running scared of technology that has actually done well over the past 12 months. The company released an update this week to discuss the expansion of its operating arms.
This year has been a rollercoaster ride for the cryptocurrency market. Bitcoin, the largest cryptocurrency in terms of market cap, made headlines in late June when its price fell below $6,000. While bitcoin continues to garner the headlines, I’m keeping my eye on the fourth largest cryptocurrency — bitcoin cash.
Billionaire investor and the co-founder of Oaktree Capital Management Howard Marks shared his views on Bitcoin at the Delivering Alpha Conference on July 23. In the long run, I think it will be shown not to have any substance.” He added that investors are buying bitcoin with the only hope that “someone will buy it from them at a higher price. Not because they can specify its intrinsic benefits. Not because they can judge the intrinsic value.
Steve Bannon also shared his latest views on Bitcoin and other cryptocurrencies at the 2018 Delivering Alpha Conference on July 23.
The cryptocurrency market finished another strong week on a low note on Friday, with most major currencies trading down more than 1 percent on the day. Here’s a look at some of the headlines that were ...
Bitcoin prices slipped after the close of U.S. markets Thursday amid reports that the Securities and Commission again rejected the Winklevoss brothers' efforts to launch an exchange traded fund tied to the largest cryptocurrency. Cameron and Tyler Winklevoss, founders of the Gemini digital currency exchange, have been trying to bring the Winklevoss Bitcoin Trust to life for several years. The SEC “said in a release Thursday that it did not support the Winklevoss's argument that bitcoin markets, including the Gemini Exchange, are 'uniquely resistant to manipulation,'” reports CNBC.
The Securities and Exchange Commission has rejected an application by the Winklevoss twins to launch a bitcoin exchange traded fund, claiming the brothers had not proven that an ETF would be safe enough for investors. In a 92-page opinion on Thursday, the commission said it rejected an argument from the twins that "intrinsic properties of bitcoin and bitcoin markets make manipulation 'difficult and prohibitively costly.'" The SEC notes that several exchanges have been hacked and that academic papers "suggest that the price of bitcoin can be, and has been, manipulated through activity on bitcoin trading venues." The price of bitcoin fell under $8,000 after the news was released, to a recent $7,950. It was not a unanimous decision.