Tag Archives: Investors

Bitcoin crashed because professionals cashed out, making a buck from last-minute amateur investors

The largest cryptocurrency bitcoin surged to $ 20,000 in December. Its rapid growth was due to common folk deciding to invest in the hope of making a quick buck. It was a time for professional investors to sell. Read more “Many people behind bitcoin and cryptocurrencies as a whole understand that the skyrocketing prices in the last few months are ...

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Private investors buying electric power stations in Russia to mine cryptocurrency

Two electric power stations in Russia have been sold for the purpose of cryptocurrency mining, the Kommersant newspaper reported, citing sources. It is the first such deal in the country. The two power stations are in Perm Region, on the western slopes of the Middle Ural Mountains, and in the neighboring Republic of Udmurtia. The facilities will be used to ...

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Investors ask Apple to fight childhood ‘addiction’ to smartphones

Two major Apple investors want the company to do more to curb what they say is a growing addiction to smartphones and other technology by implementing software changes that would make them age-specific. In an open letter Saturday, they asked the company to give parents “more choices and tools to help them ensure that young consumers are using your products ...

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Bitcoin investors will crawl back to gold when crypto-craze uncertainty creeps in

Published time: 1 Jan, 2018 11:21 The hype around digital currencies like bitcoin may have stolen a chunk of the demand for gold, but the precious metal has proven itself a liquid and efficient investment, according to Agnico Eagle Mines CEO Sean Boyd. “I actually think you can build a much stronger case for gold in an environment where bitcoin ...

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Cryptocurrencies are ‘Ponzi schemes,’ Indian finance ministry warns investors

India’s finance ministry has cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, branding the ‘virtual currencies’ as akin to a Ponzi scheme. The warning comes a day after South Korea, a global hub for bitcoin trading, said it would ban anonymous cryptocurrency trading due to the “abnormal situation of speculation.” READ MORE: Bitcoin tumbles as South ...

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Bitcoin crashes 15% as cryptocurrency investors pour money into bitcoin cash

Published time: 20 Dec, 2017 07:27 Edited time: 20 Dec, 2017 08:08 The bitcoin sell-off continued on Wednesday after the leading platform for buying and selling the cryptocurrency, Coinbase, announced it was rolling out support for rival bitcoin cash. “Sends and receives are available immediately. Buys and sells will be available to all customers once there is sufficient liquidity on ...

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Investors won't dump gold for bitcoin – Goldman Sachs

Published time: 17 Dec, 2017 08:05 Gold and bitcoin buyers are different groups of people, according to Jeffrey Currie, the global head of commodities research at Goldman Sachs. “In our view, bitcoin is attracting more speculative inflows relative to gold,” Currie said in an interview with the Financial Times. According to the analyst, gold ETF holdings are at their highest ...

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Beware of bitcoin, India’s central bank warns investors

Published time: 8 Dec, 2017 14:52 As the world’s most valuable digital currency bitcoin continues its meteoric rise, financial regulators such as India’s central bank are issuing red alerts to remind investors of related risks. Read more “In the wake of a significant spurt in the valuation of many virtual currencies (VCs) and rapid growth in Initial Coin Offerings (ICOs), ...

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Big-time investors see safe haven in bitcoin if traditional financial system collapses

Published time: 25 Nov, 2017 17:55 Bitcoin could become a lifeline for hedge funds and other investment professionals in case the established financial system fails, says Mikhail Mashchenko, an analyst at the social network for investors eToro in Russia and CIS. “The demand for bitcoin is growing as the crypto market has become less volatile, and an increasing number of ...

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Big money coming to bitcoin as investors seek to fill portfolios with digital cash

Published time: 14 Nov, 2017 11:11 Major institutional investors will start to offer bitcoin or similar products as an investment option in six months or so, according to Mike Novogratz, the former macro hedge fund manager at Fortress Investment Group. The investor, who has recently expressed interest in cryptocurrencies, said a turning-point product from a big financial company will be ...

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