Facebook has made headlines of late with its plans to create a cryptocurrency. The social media company has been forced to defend the project on Capitol Hill, amid regulatory concerns around data privacy and potential illegal usage, while the G-7 has warned it poses “serious” legal risks. It’s an experiment in monetary systems for the … Read more
By Greg Wilson, analyst, Palm Beach Daily “Is it too late?” That’s been a popular question among cryptocurrency investors over the lifespan of the asset class. For example: In 2013, bitcoin ran from roughly $100 to $1,100. And investors asked, “Is it too late?” In 2017, bitcoin ran from roughly $1,000 to over $20,000. And again, … Read more
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Bitcoin fell sharply on Monday, following President Donald Trump’s criticism of cryptocurrencies. The world’s most valuable virtual currency dropped about 10% to $10,175, according to CoinDesk data. It briefly dived below $10,000, dropping as low as $9,872. The reason for the downward move wasn’t immediately clear. But it arrives after President Trump said last week … Read more
U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch the digital token Libra. In a series of Twitter posts, Trump said cryptocurrencies are not money and “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade … Read more
Bitcoin is sliding after Federal Reserve Chairman Jerome Powell poured cold water on Facebook’s plans to launch a cryptocurrency. The world’s best-known digital coin — which has experienced a meteoric rise in 2019 — fell 12% to about $11,450 on Thursday, according to CoinDesk data. Bitcoin had hit a 17-month high above $13,000 just two … Read more
By Teeka Tiwari, editor, Palm Beach Daily I’ve gotten a lot of mail recently from people wondering, “When will altcoins catch up to bitcoin?” Before I answer that question, I need to talk about bitcoin… We’ve seen bitcoin go as high as $14,000 this year before dropping to $9,738. Despite the pullback, it’s still up 181% … Read more
By Greg Wilson, analyst, Palm Beach Daily The launch of Facebook’s Libra coin is coming. What Is Libra? Last month, social media giant Facebook made waves when it announced Libra. Libra will allow Facebook users to make crypto transactions on the social media platform (including on its WhatsApp and Messenger apps). Libra will be a stablecoin—meaning, … Read more
Teeka Tiwari is turning the tables for Main Street investors. Wall Street has been keeping the profits from the “sweetheart deal” market all to itself. And Teeka wants to level the playing field. So he recently pulled back the curtains on how you can get in on these types of profits, too. But this is your last … Read more
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