While it doesn’t receive the same investor demand as Bitcoin (BTC-USD), ether often serves as the “next stop on the trip down the digital asset rabbit hole” according to Chris Matta, President of digital asset manager, 3iQ Digital. His firm has offered both a Canada-based spot Bitcoin exchange-traded fund (ETF) as well as the ether equivalent for several years.
Solana (SOL1-USD), another cryptocurrency similar to ethereum, also leapt to new all-time highs Wednesday with an almost 31% gain in the last week. Both moves follow an investment frenzy for NFTs or non-fungible tokens.
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Even the smartest investor cannot wish away the risks associated with this new-age industry.
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The Biden administration is taking steps to ensure Americans who pay for goods or services with cryptocurrencies don’t sidestep the tax man.
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New York prosecutors investigating former President Donald Trump’s business dealings have convened a new grand jury to hear evidence in the probe as the previous panel’s term was set to run out, a person familiar with the matter told The Associated Press Thursday. The development comes as the Manhattan district attorney’s office is weighing whether to seek more indictments in a case that has already resulted in tax fraud charges against Trump’s company, the Trump Organization, and its longtime CFO Allen Weisselberg. Trump himself remains under investigation after District Attorney Cyrus Vance Jr. led a multiyear fight to get access to the Republican’s tax records.
Whether you’ve already invested or not, keep in mind that making money through cryptocurrencies or other investments is never guaranteed, even with a popular one like Shiba Inu.
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Biais, B., C. Bisiere, M. Bouvard, C. Casamatta, and A. J. Menkveld (2018), “Equilibrium Bitcoin pricing”, Working paper .
Online factors exhibit stronger relationships in the long term, and such relationships were found to be consistently positive. The long term positive relationships suggest long term price trends are linked with online activity. This is an intuitive result, given that successful cryptocurrencies are likely to have active communities; as the community grows, so does belief in the cryptocurrency, and vice versa.
ISTANBUL (AP) — A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering...