Category Archives: Cryptocurrency
Here’s My Top Cryptocurrency to Buy Before 2022 – The Motley Fool
There are several cryptocurrencies that I think could be winners in the new year. Avalancheand Solanaare definitely on the list. Kadenajust might be a breakout success.
But if I had to choose only one digital coin to scoop up over the next few weeks, there's another one that stands out.Here's my top cryptocurrency to buy before 2022.
Image source: Getty Images.
In some ways, investing in cryptocurrencies is like the wild west -- exciting yet dangerous. But amid the thousands of digital coins on the market, I think there's one that offers at least some level of stability plus solid growth opportunities.
Compared to most cryptocurrencies,Ethereum (CRYPTO:ETH) is practically a blue chip pick. Blue chip stocks are well known. They're leaders. And they've shown that they can stand the test of time. Ethereum isn't a stock, of course, but it checks off these boxes more than any cryptocurrency other than Bitcoin (CRYPTO:BTC). And I think Ethereum has better prospects than Bitcoin.
Ethereum ranks as the second-largest cryptocurrency by market cap (behind only Bitcoin). Since its launch in 2015, its native Ether token has skyrocketed more than 143,000%. That's more than three times Bitcoin's lifetime return.
The primary advantage of Ethereum is its support for smart contracts. It's not just a cryptocurrency; it's an ecosystem. Thousands of applications are built on the Ethereum blockchain. They include more than 40 of the 100 top cryptocurrencies based on market cap.
I think that Ethereum's momentum could pick up in 2022 for two main reasons. First, a major upgrade is on the way. Second, I expect many more apps will be built on the Ethereum platform that drive the price of the Ether token even higher.
Despite Ethereum's incredible success so far, its blockchain does have an Achilles' heel. Actually, it has two of them. Ethereum is slow, with a capability of processing only between 15 and 45 transactions per second. Its transaction fees are also high, so much so that some have left the platform for other blockchains.
However, significant progress on the Ethereum 2.0 upgrade should be made in 2022 and into 2023. This upgrade is expected to boost the processing speed to up to 100,000 transactions per second. It will also slash the transaction fees.
Billionaire Mark Cuban thinks that Ethereum could be a monster winner next year as important new apps are developed on the platform. I suspect that the Shark Tank star is right. Cuban is personally pushing for carbon offsets to be monetized on the blockchain. That does appear to be a great fit for Ethereum, particularly with the 2.0 upgrade coming.
Regardless of the investment, it's wise to look at the potential downsides. Ethereum might be a relative blue chip compared to most cryptocurrencies, but it's still risky.
If the economy hits a rough patch, investors could turn to less volatile assets than cryptocurrencies. A major sell-off in cryptocurrencies would almost certainly pull Ethereum down in its wake.
Rival blockchains could hinder Ethereum's gains. For example, some have called Solana an "Ethereum killer" because of its faster processing and lower fees. Others think that the growing adoption of Cardano, Avalanche, or Polkadotcould hurt Ethereum.
I think this scenario could be more likely if there are major delays with the Ethereum 2.0 upgrade or if the upgrade doesn't go well. That's a distinct possibility. The third phase of this upgrade was expected to occur in 2022 until a few days ago. Now, the timeline has been pushed back to "sometime in 2023."
My view, though, is that the prospects for big returns with Ethereum outweigh these risks. I expect that it will have another strong performance next year.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
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Here's My Top Cryptocurrency to Buy Before 2022 - The Motley Fool
From a bitcoin crash to regulatory crackdowns: Analysts give their top predictions for crypto in 2022 – CNBC
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Some experts believe bitcoin is due for a sharp decline in the coming months.
Bitcoin surged to a record high of almost $69,000 in November. It's now sitting below $50,000, down almost 30% from its peak. Wall Street wisdom defines bear markets as a decline of 20% or more from recent highs, but it's worth noting bitcoin is notorious for its volatility.
Carol Alexander, professor of finance at Sussex University, said she expects bitcoin to tank as low as $10,000 in 2022, virtually wiping out all of its gains in the past year and a half.
"If I were an investor now I would think about coming out of bitcoin soon because its price will probably crash next year," Alexander said. Her bearish call hinges on the notion that bitcoin "has no fundamental value" and serves as more of a "toy" than an investment.
Alexander warns bitcoin could nosedive, as it has done in the past, after a big run-up in the price. In 2018, bitcoin tumbled close to $3,000 after climbing to a high of nearly $20,000 a few months earlier. The cryptocurrency's backers often say that things are different this time, as more institutional investors are jumping into the market.
"Without question, Bitcoin's price chart appears to track many historical asset bubbles and busts and is carrying a 'this time it's different' narrative just like other bubbles," said Todd Lowenstein, chief equity strategist of Union Bank's private banking arm.
A common investment case for bitcoin is that it serves as a hedge against rising inflation caused by government stimulus. Lowenstein said there's a risk that a more hawkish Federal Reserve may take the wind out of bitcoin's sails.
"Goldilocks conditions are ending and the liquidity tide is receding which will disproportionately harm overvalued asset classes and speculative areas of the market including cryptocurrencies," he said.
Still, not everyone is convinced the crypto party will end in 2022. "The biggest risk factor, namely [quantitative tapering] by the Fed, has been decided and likely priced in already," said Yuya Hasegawa, crypto market analyst at Japanese exchange Bitbank.
A big development crypto investors are on the lookout for in 2022 is approval of the first spot bitcoin exchange-traded fund in the United States.
Although the Securities and Exchange Commission greenlit the launch of ProShares' Bitcoin Strategy ETF this year, the product tracks bitcoin futures contracts rather than giving investors direct exposure to the cryptocurrency itself.
Futures are financial derivatives that oblige an investor to buy or sell an asset at a later date and for an agreed-upon price. By tracking futures prices instead of bitcoin itself, experts say, ProShares' ETF could be too risky for novice traders, many of whom are invested in crypto.
"The Bitcoin Futures ETF that launched this year has been widely regarded as not very retail-friendly given the high costs involved of rolling over contracts which amounts to around 5-10%," said Vijay Ayyar, vice president of corporate development and global expansion at crypto exchange Luno.
"Increasing pressure/evidence points to a Bitcoin Spot ETF being approved in 2022 mainly because the market is now large and mature enough to support one."
Grayscale Investments has filed to convert its bitcoin trust, which is the world's biggest bitcoin fund, into a spot ETF. And there are plenty of other bitcoin ETF applications waiting in the wings.
As the crypto industry has evolved, bitcoin's share of the market has waned, with other digital currencies like ethereum playing a much larger role. This is something analysts expect to continue into next year, as investors increasingly look to smaller pockets of crypto in the hope of big gains.
Sussex University's Alexander flagged ethereum, solana, polkadot and cardano as coins to watch in 2022.
"As retail investors begin to realize the dangers of trading bitcoin, especially on unregulated venues, they will switch toother coins belonging to blockchains which actually serve an essential and fundamental role in decentralized finance," she said.
"This time next year I predict that bitcoin's market cap will be half the combined cap of smart contract coins" like ethereum and solana, Alexander added, "or even less."
Emerging crypto developments such as decentralized finance and decentralized autonomous organizations are "likely to be the highest growth areas of crypto," said Bryan Gross, network steward at crypto platform ICHI. DeFi aims to recreate traditional financial products without middlemen, while DAOs can be thought of as a new type of internet community.
Total money deposited into DeFi services surpassed $200 billion for the first time this year, and experts expect demand to grow further in 2022.
Web3, a movement calling for a new, decentralized iteration of the internet, is also expected to gain more traction next year. Web3 encompasses DeFi and other blockchain technologies such as non-fungible tokens. It has already found skeptics in the likes of Elon Musk and Jack Dorsey.
Regulators flexed their muscles on cryptocurrencies this year, with China completely banning all crypto-related activities and U.S. authorities cracking down on certain aspects of the market. Analysts widely expect regulation to be a key issue for the sector in 2022.
"2022 will be a big year on the regulatory front, no doubt," Luno's Ayyar said. "The interest from various governments, and especially the U.S., to bring regulation into the crypto space has not been higher."
Ayyar said he expects to see some clarification on the legal "gray zone" of cryptocurrencies other than bitcoin and ethereum, which the SEC has said are not securities.
Blockchain company Ripple is locking horns with the U.S. watchdog over XRP, a cryptocurrency it is closely associated with. The SEC alleges XRP is an unregistered security and that $1.3 billion worth of the tokens were illegally sold by Ripple and two of its executives. For its part, Ripple says XRP should not be considered a security.
Experts say another key area regulators will likely focus on next year is stablecoins. These are tokens whose value is tied to the price of existing assets like the U.S. dollar. Tether, the world's biggest stablecoin, is particularly controversial as there are concerns about whether it holds enough assets in its reserves to justify its peg to the dollar.
"Undoubtedly more scrutiny is forthcoming around stable coins as regulators look under the hood on the soundness of the underlying collateral and amount of leverage deployed," said Lowenstein.
"People remember all too well when the collateral behind the housing and mortgage crises became suspect and risk appetites repriced aggressively."
Meanwhile, regulators have also begun scrutinizing the DeFi space. Earlier this month, central bank umbrella group the Bank for International Settlements called for the regulation of DeFi , saying it's worried about services marketing themselves as "decentralized" when that may not be the case.
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From a bitcoin crash to regulatory crackdowns: Analysts give their top predictions for crypto in 2022 - CNBC
From Shiba Inu to Pot and Putin the bizarre world of cryptocurrency names – The Indian Express
The craze around cryptocurrencies mainly Bitcoin and Ethereum has inspired a massive number of startups to create their own digital coins and attract investors interest in the fast-growing digital asset class.
While there are plenty of cryptocurrencies in circulation with respect to their unique utility and value, in this story we explore the weirdest and silly coins that have surfaced over the past several years.
Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer as a faster but fun alternative to Bitcoin. It was started as a satire on the numerous fraud crypto coins that had sprung up at the time, and takes its name and logo from a Shiba Inu meme that was viral several years ago.
Unlike Bitcoins, whose maximum possible number is fixed at 21 million (a figure that is estimated to be reached by 2040), Dogecoin numbers do not have an upper limit, and there are already more than 100 billion in existence.
When the crypto coin first took off, the online community that was backing it invited attention by supporting unconventional causes, such as sponsoring Jamaicas bobsled team at the 2014 Winter Olympics.
Also that year, the Dogecoin community gave $55,000 worth of the digital token to a Nascar driver in the US. Doge also has an ardent supporter in Tesla CEO Elon Musk, who frequently tweets have added to the digital tokens mania. Musk had once changed his Twitter bio to Former CEO of Dogecoin. Other celebrities, including rapper Snoop Dogg and rock musician Gene Simmons, have also promoted it on social media.
Potcoin, as the name suggests refers to a network that facilitates buying legal marijuana. Itis a digital currency that allows consumers to buy and sell cannabis products anonymously.
The digital coin provides a banking solution that brings marijuana businesses and consumers together on a decentralized peer-to-peer platform, allowing participants all around the world to make secure transactions.
Interestingly, on June 12, 2017 the Potcoin community sponsored Dennis Rodman, an American former professional basketball player and an unofficial US Peace Ambassador to North Korea to visit North Korea and negotiate peace between the United States and Kim Jong-un. While it is unclear if this endeavor effectively promoted the pacifist values of the community, but it proved to be highly profitable for the notoriety of the coin and the project as a whole. otcoins community grew 600 per cent overnight.
There are a number of cannabis-focused coinsincluding CannabisCoin, KushCoin, Bongger, Ganjacoinpro, and others.
Kodak, is the latest company to step into the cryptocurrency bandwagon. The camera company announced Kodakcoin at an event in January to manage digital image rights and to pay photographers for image usage. The camera maker even announced a new Kodak KashMiner mining rig to go with it.
The digital coin will work with Kodak One, a new platform that is supposed to help photographers license their images.
Dentacoin is a cryptocurrency for the global dental industry. The company in a blog post notes that it is on a mission to improve oral health globally using:1. a preventive, smart contract-based dental assurance model2. a set of dental apps, incentivising beneficial user behaviour3. a functioning cryptocurrency, used for rewards and payments
Founded in 2017, the Netherlands-based Dentacoin Foundation is the autonomous organization behind the Dentacoin blockchain-based solutions and the same-named cryptocurrency. The legal structure of the Foundation ensures the proper execution of the mission and protects users interest as it functions solely.
Trumpcoin describes itself as a cryptocurrency supporting the Trump administration and its followers which it calls Patriots. The Trumpcoin in a blog post describes itself, as staunch supporters of Trump who love Freedom, God, Family and feels a sense of pride in contributing to society, and stand firm against leftist groups and intimidation.
The blockchain company notes that 200,000 of the six million available Trumpcoins have been set aside for donation to the Trump administration once the currency reaches a substantial value.
Trumpcoins counterpart: the Putincoin, is a cryptocurrency named after the Russian President Vladmir Putin. The decision to develop a cryptocurrency dedicated to Russia was made to support the fast growing Russian economy and market within the country and beyond its borders.
Putincoin, on its website highlighted that with the coin a lot of possibilities will be provided for businesses, traders, private persons, social and economic projects. The present and future technology, services and apps are and will always be free to use.
Burger King, one of the biggest fast-food chains in the world has introduced the Whopper Coin. The cryptocurrency was launched by the Russian branch of Burger King as a loyalty program in the summer of 2017.
This was an initiative of Burger King Russia, and the idea was that for every Russian rouble spent in a Burger King outlet, customers were given a Whoppercoin.
This Whoppercoin can be used to buy, well, a Whopper. If the customers have 1700 Whoppercoins, the company allowed customers to buy Burger Kings flagship sandwich.
Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that featuresa Japanese breed of hunting dogas its mascot. The cryptocurrency is widely considered to be an alternative to Dogecoinin fact, proponents of Shiba Inu tout it as the Dogecoin killer.
According to Shiba Inu founder Ryoshi, it earned the nickname the Dogecoin killer because the value of SHIB is primed and ready to overtake the value of Dogecoin. Ryoshi adds that even if SHIB never hits $0.01, SHIBs publicity and utility mean that it will be worth proportionately more than Dogecoin.
Crypto enthusiasts and experts are still grappling to come to terms with the SHIBs all-time high market capitalisation which has now surpassed some major Indian companies such as Adani Enterprises, Tata Steel, and Tech Mahindra. With a market capitalisation of more than $38 billion, Shiba Inu is now the 11th largest cryptocurrency.
Garlicoin is a memecoin started in 2018,, based on garlic bread memes. It used to be extremely popular but still retains a large community with some loyal followers who continue to support and try to expand it.
A community of Reddit users thought it would be funny to create a cryptocurrency inspired by garlic bread, and so they did. Garlicoin is created by mining, and has a total supply cap of 69 millions.
Mooncoin was conceived primarily for frequent, global micro-transactions, hence its maximum supply of 384 billion coins. This number was derived from the calculation of one coin for every millimeter between Earth and the Moon. Its also got its own programming language called MoonWord for decentralised app (DApp) coding and blockchain record-keeping.
Comparisons have often been made between Mooncoin and Dogecoin, and there are some similarities. Both were created at roughly the same time period, and both are meant for quick micro-transactions. Also, both are taken from a Litecoin concept, as all three use the Scrypt algorithm, which is faster and more complex than Bitcoins SHA-256 mining equipment protocol.
However, a noteworthy distinction exists in basic coin supply structure: Dogecoin has no maximum circulating coin supply (i.e., infinite supply), whilst Mooncoin has a maximum cap on the total possible number of coins, making it deflationary and attractive as a store of value.
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From Shiba Inu to Pot and Putin the bizarre world of cryptocurrency names - The Indian Express
What is the current status of India’s Cryptocurrency Bill? – Quartz India
There is no end to the uncertainty in Indias cryptocurrency sector as the country seems to have delayed, once again, framing a law that will signal its policy approach to the rapidly growing field. The government is reportedly considering changes to the proposed bill.
The legislation has been in the works for more than a year now. It had been listed for the ongoing winter session of parliament, which ends on Dec. 23, and was also listed in the budget and monsoon sessions earlier this year.
The reasons cited for the delay include the need for wider consultation due to the evolving cryptocurrency regulation across the globe.
This is in consonance with prime minister Narendra Modis comment at the virtual Summit for Democracy hosted by US President Joe Biden on Dec. 11. We must also jointly shape global norms for emerging technologies like social media and cryptocurrencies so that they are used to empower democracy, not to undermine it, Modi had said.
Indias lawmakers, media reports said, are also looking at the Reserve Bank of Indias (RBI) central bank digital currency (CBDC).
Indias central bank has been voicing its concerns over the potential threat to financial stability and the countrys macro-economy from cryptocurrency.
While the government seems inclined towards regulation and not a ban, the RBI hasnt budged from its stance.
In a detailed presentation to its central board on Dec. 17, the RBI reiterated that such a complete ban was necessary, according to The Economic Times newspaper.While RBI did not reveal the details of the presentation, it said various aspects of CBDC and private cryptocurrencies were discussed.
It cited challenges to the RBIs foreign exchange management and regulation of virtual assets that originate offshore as reasons for seeking a ban. This, essentially means the anonymity of such transactions is a problem.
On CBDC, the RBI said it is working on two typeswholesale and retailand plans to run a pilot test for whichever is completed first.
A lot of work has been done on wholesale-based CBDC while retail is somewhat complicated and will take more time, RBI deputy governor T Rabi Sankar said in a post monetary policy press conference on Dec. 8.
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What is the current status of India's Cryptocurrency Bill? - Quartz India
Scammers grabbed $7.7 billion worth of cryptocurrency in 2021, say researchers – ZDNet
Cryptocurrency-based scammers and cyber criminals netted a whopping $7.7 billion worth of cryptocurrency from victims in 2021, marking an 81% rise in losses compared to 2020, according to blockchain analysis firm, Chainalysis.
Some $1.1 billion of the $7.7 billion in losses were attributed to a single scheme which allegedly targeted Russia and Ukraine, it said.
"As the largest form of cryptocurrency-based crime and one uniquely targeted toward new users, scamming poses one of the biggest threats to cryptocurrency's continued adoption," said Chainalysis.
SEE: Hackers are turning to this simple technique to install their malware on PCs
At the same time though, the number of deposits to scam addresses fell from just under 10.7 million to 4.1 million, which it said could mean there were fewer individual scam victims but they are losing more.
A major source of rising cryptocurrency losses in 2021 were so-called "rug pulls", where the developers of a new cryptocurrency vanish and take supporters' funds with them. Rug pulls accounted for 37% of all cryptocurrency scam revenue in 2021, totaling $2.8 billion up from just 1% in 2020.
"Rug pulls are prevalent in DeFi because with the right technical know-how, it's cheap and easy to create new tokens on the Ethereum blockchain or others and get them listed on decentralized exchanges (DEXes) without a code audit," it warned.
The characteristics of the investment scam networks are changing. Chainaylsis found that the number of active financial scams rose from 2,052 in 2020 to 3,300, while their individual lifespan has decreased from over 500 days in 2016 to 291 days in 2020 and just 70 days in 2021.
"Previously, these scams may have been able to continue operating for longer. As scammers become aware of these actions, they may feel more pressure to close up shop before drawing the attention of regulators and law enforcement," it said.
SEE: Dark web crooks are now teaching courses on how to build botnets
Unsurprisingly, scams also increase in line with the rise in value of popular cryptocurrencies such as Ethereum and Bitcoin, although that link may have been broken in the last year.
Chainalysis notes: "The most important takeaway is to avoid new tokens that haven't undergone a code audit. Code audits are a process through which a third-party firm analyzes the code of the smart contract behind a new token or other DeFi project, and publicly confirms that the contract's governance rules are iron clad and contain no mechanisms that would allow for the developers to make off with investors' funds."
It added: "Investors may also want to be wary of tokens that lack the public-facing materials one would expect from a legitimate project, such as a website or white paper, as well as tokens created by individuals not using their real names."
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Scammers grabbed $7.7 billion worth of cryptocurrency in 2021, say researchers - ZDNet
Bitcoin will replace the US dollar, says former Twitter CEO Jack Dorsey – The Indian Express
In a recent Twitter exchange, with Grammy award-winning rapper Cardi B, former Twitter CEO Jack Dorsey said on Tuesday that Bitcoin will replace the US dollar. Cardi B asked on Twitter if crypto would replace the US currency to which Dorsey replied, Yes, Bitcoin will.
The Twitter interaction between Cardi B and the tech billionaire about cryptocurrency replacing the dollar prompted massive reactions on the social media platform. Dogecoin co-founder Billy Markus posted a meme about how Dogecoin is more stable than the US dollar. While Bitcoin investor Dennis Porter pointed out that such a conversation was actually inevitable.
Dorsey left Twitter last month to focus on fintech firm Block, formerly known as Squaremaking Parag Agrawal, the new CEO of Twitter, who is now heavily involved in decentralised projects in the company.
Earlier, in October, Dorsey said that Block is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses. This would add to Squares existing bitcoin-focused projects including a business to build an open developer platform, as well as a hardware wallet for the cryptocurrency.
If we do this, wed follow our hardware wallet model: build in the open in collaboration with the community, Dorsey said in a tweet. A team led by Squares hardware lead, Jesse Dorogusker, will investigate requisites for Square to take on the project to build a bitcoin mining system.
Dorsey is a Bitcoin investor. His love for cryptocurrency dates back to 2017 when he started advocating Bitcoin as the king coin. When the crypto market crashed in 2018, Dorsey was unfazed, calling Bitcoin the future world currency, despite the digital currency being at its lowest point in several years. In March 2019, Dorsey had said that he spends several thousand dollars each week to buy Bitcoin.
Endorsing blockchain technology for transparency in payment, Dorsey has recently released the whitepaper of its decentralised Bitcoin exchange proposal tbDEX. Dorsey has confirmed to investors that Bitcoin will be a big part of the companys future.
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Bitcoin will replace the US dollar, says former Twitter CEO Jack Dorsey - The Indian Express
The mainstreaming of cryptocurrency and what it means: Business Extra – The National
Will 2021 be remembered as the year cryptocurrency went mainstream?
The blockchain-powered financial services industry drew about $30 billion in venture capital this year, more than in all previous years combined. Meanwhile, hype over a more decentralised Internet - from NFTs and crypto to Web 3.0 and beyond - reached a fever pitch.
Co-hosts Mustafa Alrawi and Kelsey Warner unpack and explain the trends, and Kelsey interviews Abu Dhabi Global Market's Wai Lum Kwok, senior executive director, about the role regulators play in this new frontier.
The future of digital assets and ADGM's stance (0m 54s)
FinTech products and services approaching ADGM (4m 11s)
Finding a balance between regulation and innovation (7m 15s)
Where are we in the evolution of FinTech? (8m 54s)
Cryptocurrencies drew about $30bn from VCs in 2021, more than in all previous years
Next generation ultra-rich to increase wealth through cryptocurrency investments
Global cryptocurrency regulation should be comprehensive and co-ordinated, IMF says
What to consider before investing in cryptocurrencies
Updated: December 22nd 2021, 2:00 AM
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The mainstreaming of cryptocurrency and what it means: Business Extra - The National
Cathie Wood Loaded Up On These 2 Cryptocurrency-Related Stocks On Tuesday – Benzinga – Benzinga
Cathie Wood's Ark Investment Management on Monday further raised its exposure in cryptocurrency-related stocks Robinhood Markets Inc (NASDAQ:HOOD) and Coinbase Global Inc (NASDAQ:COIN).
The popular money manager bought 181,717 shares estimated to be worth $3.44 million in Robinhood, a financial platform that deals in stocksand cryptocurrencies.
Robinhood stock closed 4.99% higher in the regular session on Tuesday at $18.93 a share. The stock is down 45.6% since going public in July.
In a first, Robinhood acquired Cove Markets, a cross-exchange trading platform last week as it prepares to roll out cryptocurrency wallets.
See Also: Cathie Wood Buys The Dip In Heavy-Crypto-Exposure Stocks Robinhood And Block
The wallets would allow Robinhood users to deposit or withdraw cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).
The popular zero-commission trading app also said it is adding a cryptocurrency gifting feature for users, which would be operational from Wednesday.
The money managing firm owns shares in Robinhood via three ETFs the Ark Innovation ETF (NYSE:ARKK), the Ark Fintech Innovation ETF (NYSE:ARKF) and the Ark Next Generation Internet ETF (NYSE:ARKW).
The three ETFs held 20.2 million shares worth $364.8 million in Robinhood, prior to Tuesdays trade.
Ark Invest also snapped up 23,414 shares estimated to be worth $5.79 million in cryptocurrency exchange desk Coinbase.
Coinbase shares closed 4.05% higher at $247.69 a share on Tuesday. The stock is down 24.5% so far this year.
Coinbase CEO Brian Armstrong told investors in November that the company is focused on long-term growth instead of a quarter-to-quarter investment as it grows the cryptocurrency economy.
See Also: Cathie Wood Trims $5M In Coinbase And Loads Up On This Stock
Ark Invest has mostly been piling shares in Coinbase since its direct listing on NASDAQ in April, while occasionally booking minor profits.
The popular managing firm held 4.9 million shares worth $1.18 billion in Coinbase via three ETFs ARKK, ARKF and ARKW prior to Wednesday's trades.
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Cathie Wood Loaded Up On These 2 Cryptocurrency-Related Stocks On Tuesday - Benzinga - Benzinga
How to Use Immediate Edge to Passively Make Money From the Cryptocurrency – VideoInk
The cryptocurrency market is one of the most popular markets out there in the global economy and it has been constantly rising in popularity and value ever since its advent almost a decade ago. Just over the span of a few years, the market has managed to reach a market value of several trillion dollars and experts say the numbers are only going to increase in the future.
Due to the cryptocurrency markets popularity and amazing reward potential for those that trust the market, several traders around the world have started trading in cryptocurrencies to gain more profits for themselves. However, trading is known to be a very complicated, time-consuming and risky process that only a few investors practice everyday.
These are the exact reasons why most people stay away from crypto trading as a reliable source of income and just stick to mining or normal investing. However, there is one technology that has started attracting thousands of investors in the crypto world with its reliability and seamlessness and that technological software is none other than Immediate Edge and for more detailed information, you can check its detailed review on BitConnect website.
That being said, many people are still unaware of Immediate Edge, how it works, and whether investors should use it for generating a nice passive income for themselves. If you too are someone who is considering using Immediate Edge to increase their profit margin, then dont worry because in this article we will be going through all those aspects in a detailed and simple manner for you. We recommend that you read the article till the end so that you dont miss out on details.
Source: pexels.com
Immediate Edge is a trading platform that allows users to trade various cryptocurrencies in the market to generate a profit for themselves. However, the platform has one special feature that makes it stand out the most from other crypto trading platforms and that special feature is its automatic trading option.
Immediate Edge is a special crypto platform that features an automatic trading bot that takes your money and invests it in particular cryptocurrencies and sells at particular times to generate a profit for its users. The platforms bot has an immensely high success rate of above 98% that makes it one of the most successful trading bots out there.
Whats more is that Immediate Edge also has manual trading options if someone doesnt want to use the bots and wants to manually trade on the software. For them, the software features detailed charts, analysis and various dedicated research options that only aid the trader in making better investment decisions.
Manual trading is the best option if you are already familiar with crypto trading and know how it works and completely understand market analysis to make educated and wise trading decisions. On the other hand, if you dont have any prior experience in trading but still want to do it nonetheless, you can rely on the apps trading bot to generate regular profits for you. The best thing about Immediate Edge is that it is available for all devices from Android to Windows.
Source: immediate-edge.co
The software used by Immediate Edge is a specially created dedicated application that is designed to deeply analyze the cryptocurrency market and current trends for each of the cryptocurrencies to figure out the best investment and trading decisions for you. The platform has a minimum deposit of $250 and after you complete the minimum deposit, you get an option to set your bot up to trade for you or start trading yourself.
If you assign the bot to handle your financial assets, the platform ensures to invest your money in the right cryptocurrencies that have a market and the potential to grow in the future. Once they do, the bot simply sells your profits and delivers it to you to your bank account directly. The software uses cutting edge machine learning technology to produce actual results for you that end up with getting you substantial amounts of profits.
The best thing about the platform is that you can easily configure your trading strategies anytime you want. If you decide you do not wish to invest along with the automatic trading bot anymore then you can trade in cryptocurrencies yourself without any problem. Another amazing thing about Immediate Edge is that it uses all the different kinds of cryptocurrencies available on the market from Bitcoin to Ripple to ensure that your assets have a wide portfolio which gives you more profits.
Source: aljazeera.com
Now that you know how the platform works, lets find out how you can use it for yourself to either generate a substantial amount of passive income using the automatic trading strategy or using the platform as a specialized tool for your crypto trades. The registration process for Immediate Edge is extremely straightforward and quick.
Firstly, you need to go on the softwares official website and register your account there. While registering, you will have to fill out various details like your name, phone number, email address and even your physical address. Once your account is verified by the platform, you can start transacting and trading cryptocurrencies on the software.
However, for that you will need to add some currency into your account. The minimum amount you can add in your account is about $250 and the website doesnt accept anything lower than that or higher than $25,000. Once your account is funded, you need to simply choose your preferred trading strategy and either watch your live trading session with a bot investing with your finances or do the trading yourself manually.
Before you do that, however, it is recommended that you check out the softwares demo first and get familiar with how the software works with virtual currency that has no value. Once you are familiar with the demo version, you can start investing on the exchange with your real currency.
Immediate Edge is one of the best crypto trading platforms out there and can provide immense benefits to all kinds of traders if they use it correctly. We hope this article was helpful in doing that and if it was, please consider following our website for regular updates as it will help us out immensely.
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How to Use Immediate Edge to Passively Make Money From the Cryptocurrency - VideoInk
Bullish Exchange Opens Regulated Cryptocurrency Trading Platform to the Public – Business Wire
GIBRALTAR--(BUSINESS WIRE)--Bullish, a technology company developing products for the digital assets sector, announced today that its flagship product, the Bullish exchange, is now available to eligible individual users and institutions in select jurisdictions within Asia-Pacific, Europe, Africa and Latin America. The trading platform leverages innovations in decentralized finance (DeFi) with regulatory compliance frameworks, giving institutional and retail traders access to deep liquidity and low-cost transactions.
Following the launch of the exchange in late November to select institutions, Bullish has hydrated its proprietary liquidity pools with more than US$2 billion of cash and digital assets, and has already achieved 24-hour total trading volume exceeding US$150 million.
An evolution from the traditional exchange, Bullishs proprietary Hybrid Order Book pairs the high-performance of a traditional Central Limit Order Book (CLOB) with Automated Market Making (AMM) a protocol that uses a mathematical algorithm to facilitate prices in a transparent, market-neutral, and deterministic manner. Bullish Liquidity Pools offer clients the ability to manage balanced portfolios while earning passive yields at scale across highly variable market conditions.
Within traditional finance, innovation has unfortunately become synonymous with complexity, creating a vacuum for closed-door decisions to thrive, said Thomas Farley, Chairman and CEO of Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company, who will serve as the incoming CEO of Bullish upon the completion of the proposed business combination between Bullish and FPAC. The Bullish exchange aims to drive value back to underlying asset providers and fundamentally enhance the market architecture of DeFi with the high performance of a CLOB. Its the best of both worlds that opens up new opportunities for a new era of finance.
The Bullish exchange leverages a private EOSIO-based blockchain in order to integrate the strategic advantages of blockchains inherent capabilities into the platform design, and achieve a new degree of security, transparency, and resiliency. Combined with WebAuthn standards, which eliminate many security vulnerabilities inherent with passwords by using public key cryptography, users will experience a password-free authentication environment, creating a more secure onboarding process and ongoing account access.
Bullish was born from working backwards from our own desire to more effectively manage digital assets, and today were ready and excited to share these revolutionary tools with the public,'' said Brendan Blumer, Chairman of Bullish.
Bullish previously announced its intention to go public on the NYSE through a business combination with FPAC. Subject to various approvals and conditions, the merger is anticipated to close in the first quarter of 2022. The Bullish exchange is operated by Bullish (GI) Limited and regulated by the Gibraltar Financial Services Commission.
About Bullish
Focused on developing products and services for the digital assets sector, Bullish has rewired the traditional exchange to benefit asset holders, enable traders and increase market integrity. Supported by the groups treasury, Bullishs new breed of exchange combines deep liquidity, automated market making and industry-leading security to increase the accessibility of digital assets for traders. Bullish exchange is operated by Bullish (GI) Limited and is regulated by the Gibraltar Financial Services Commission (GFSC) (DLT license: FSC1038FSA). For more information, please visit bullish.com and follow Twitter and LinkedIn.
Forward-Looking Statements
This communication includes, and oral statements made from time to time by representatives of FPAC and Bullish Global may be considered, forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FPACs or Bullishs future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as may, should, expect, intend, will, estimate, anticipate, believe, predict, potential or continue, or the negatives of these terms or variations of them or similar terminology. In addition, these forward-looking statements include, but are not limited to, statements regarding Bullish Globals business strategy, cash resources, current and prospective product or services, as well as the potential market opportunity. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FPAC and its management, and Bullish Global and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements respecting the Business Combination; (2) the outcome of any legal proceedings that may be instituted against FPAC, Bullish or Bullish Global or others following the announcement of the Business Combination; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of FPAC or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations; (5) the ability of Bullish to meet applicable listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of Bullish Global as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that Bullish may be adversely affected by other economic, business and/or competitive factors; (11) the impact of COVID-19 on Bullish Globals business and/or the ability of the parties to complete the Business Combination; and (12) other risks and uncertainties set forth in the section entitled Risk Factors in the Bullish Investor Presentation dated July 2021, in the sections entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statements in the preliminary proxy statement/prospectus included in the registration statement on Form F-4 (the Registration Statement) filed by Bullish with the U.S. Securities and Exchange Commission (the SEC), in the sections entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statements in FPACs IPO Prospectus dated December 2, 2020 filed with the Securities and Exchange Commission on December 3, 2020, in the section entitled Risk Factors in FPACs most-recent Quarterly Report on Form 10-Q, as well as any further risks and uncertainties to be contained in any other material filed with the SEC by Bullish or FPAC. In addition, there may be additional risks that neither Far Peak or Bullish Global presently know, or that Far Peak or Bullish Global currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither FPAC, Bullish nor Bullish Global undertakes any duty to update these forward-looking statements.
Important Information and Where to Find It
This document does not contain all the information that should be considered concerning the proposed Business Combination. It does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. It is not intended to form the basis of any investment decision or any other decision in respect of the proposed Business Combination. In connection with the proposed Business Combination, Bullish has filed the Registration Statement with the SEC which includes a preliminary proxy statement / prospectus with respect to the Business Combination. The definitive proxy statement / prospectus and other relevant documentation will be mailed to FPAC shareholders as of a record date to be established for purposes of voting on the Business Combination. FPAC shareholders and other interested persons are advised to read the preliminary proxy statement / prospectus and any amendments thereto, when available, and the definitive proxy statement / prospectus because these materials contain and will contain important information about Bullish, FPAC and the proposed transactions. Shareholders may obtain a copy of the preliminary proxy statement / prospectus and, when available, the definitive proxy statement / prospectus without charge, at the SECs website at http://sec.gov or by directing a request to: Far Peak Acquisition Corp., 511 6th Ave #7342, New York, NY 10011. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Participants in the Solicitation
FPAC, Bullish, Bullish Global and their respective directors and executive officers, other members of management and employees may be considered participants in the solicitation of proxies with respect to the potential transaction described in this communication under the rules of the SEC. Information regarding persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the potential transaction and a description of their interests is set forth in the preliminary proxy statement/prospectus included in the Registration Statement. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication is for informational purpose only and not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Bullish or FPAC, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act.
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Bullish Exchange Opens Regulated Cryptocurrency Trading Platform to the Public - Business Wire