Bear Market? Grayscale Bitcoin Trust Averaged $2 Million Invested Per Week in Q4 2018

Grayscale, the creator of GBTC, had an average of $2 million invested every week during the 4th quarter of 2018. About 66% of all investments came from institutions, while 88% of all Grayscale digital investments were in Bitcoin. Just 12% of investments were directed at other digital assets, leading Grayscale to declare the “return of …

Why Won’t Crypto Exchange Cryptopia Come Clean on How Disastrous Last Month’s Hack Really Was?

New Zealand-based cryptocurrency exchange Cryptopia disclosed that local police have allowed employees to return to the firm’s office following its suspension of operations mid last month after a multi-million dollar security breach. In the latest update, the cryptocurrency exchange has indicated that investigations are still ongoing, however. Hacked Crypto Exchange Reopens Update: The police have …

How the World’s Largest Crypto Exchange Helped Usher in the Dawn of a Currency Revolution

The world’s largest crypto exchange, Binance, is flush with massive profits from its operations in 2018, estimated from buybacks of its BNB token to total $446 million. Although Bitcoin is trading at a loss over the last 12 months, transaction volume has been steadily increasing over the last year, so Binance has been busy. “To …

Will Dow Rally? Top Milken Economist Says China ‘Desperate’ to End Trump’s Trade War

According to Bill Lee, chief economist at the Milken Institute, China is desperate to land a trade deal with the U.S. and President Donald Trump to prevent more crippling defaults. That could be bullish for the Dow Jones Industrial Average and other U.S. stock market indices. The Dow Jones has already recovered in the past …

While Dow Surges, This Key Metric Reveals Professional Investors are Calling the US Stock Market’s Bluff

The Dow and wider US stock market raced higher on Wednesday, adding to Tuesday’s mammoth 372 point gain. Dow Builds on 372 Point Rally Traders are excited that efforts are underway to avoid the government shutdown. While that was good news, investors were particularly enamored with news over China tariff negotiations. This was based on some …

Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of the world’s largest economy has taken amid the ongoing U.S.-China trade war. Speaking with CNBC, Sawiris agreed with Trump’s well-known sentiment that China has been taking …

Gaming Giant Activision Blizzard Stock Could Get Crushed [Again] Tonight

It’s been a brutal few months for Activision Blizzard Inc. stock. Shares have fallen 51% since in October 2018, with little sign of easing up. Tonight, Activision reports its fourth-quarter earnings after the US market closes. It’s a make-or-break moment for traders who hope to see Activision come back fighting. Activision Blizzard Inc. stock falls …

A Bitcoin ETF is ‘Virtually Certain’, Only Matter of time for SEC Approval: Wall Street Advisor

The prospect of a Bitcoin ETF is ‘virtually certain’ according to finance manager Ric Edelman, who is confident that either VanEck or Bitwise will satisfy the demands of the SEC. The founder of Edelman Financial Engines told CNBC’s Bob Pisani on Monday’s ETF Edge: “It’s virtually certain. The only question is when. And I don’t …