Monday, July 26

cryptocurrency

Cryptocurrencies, cryptocurrency, cryptocurrency analysis, Investing, Investing Insider, Investing Outlook, Investing Recommendations, Investing Strategy, Markets, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Stock Picks, Stock Recommendations, Stocks to Buy, stocks to buy in 2021

13 must-see charts, plus an $875 mini bitcoin-mining rig

Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. Getty Images / Xinhua News Agency Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you thro...
Bitcoin, Blockchain, Celebrity, crypto, Cryptocurrencies, cryptocurrency, digital assets, Markets, MI Exclusive, Raoul Pal, RealVision

RealVision’s Raoul Pal says social tokens are going to be’the next big thing’ for crypto and will grow into a trillion-dollar industry in 5-10 years

crypto coins circle Nurphoto Raoul Pal, former hedge fund manager at Goldman Sachs spoke to Insider about the outlook for the crypto industry. He said social, or community, tokens have the potential to "disrupt businesses' like Disney. He said his RealVision firm will launch a community token within the next year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Social, or community, tokens are going to be the next big development in the crypto market and have the power to disrupt all kinds of traditional industries, according to RealVision CEO Raoul Pal. Pal, who used to run hedge fund sales at Goldman Sachs, before retiring at 36 and devoting himself to other investments, told Insider in an interview he's so sure social tokens will boom that his company...
Bitcoin, crypto, cryptocurrency, Dogecoin, Gallup, Markets, MI Exclusive, Survey

Bitcoin ownership has tripled in the US since 2018-but 60% of investors view the cryptocurrency as a high-risk bet, survey finds

A graphic illustration of two bitcoins placed on a bunch of US dollar bills. NurPhoto The percentage of Americans holding bitcoin tripled between 2018 and 2021, and the majority of bitcoin investors view the cryptocurrency as a high-risk asset, a Gallup survey revealed this week.The survey found that 6% of US investors-adults with $10,000 or more invested in stocks, bonds or mutual funds-say they own bitcoin, up from 2% in 2018. Ownership rose by over 10 percentage points to 13% among investors aged 18 to 49. It remained minimal among investors aged 50 and older, with 3% now saying they own it versus 1% three years ago."Three years ago, a very small percentage of investors reported owning bitcoin, most reported having little knowledge of it, and majorities - regardless of gender ...
Amazon, Blockchain, crypto, cryptocurrency, Digital Currency, Distributed Ledger Technology, Markets, MI Exclusive

Amazon is looking to hire someone to lead its digital currency and blockchain initiatives

Courtesy of Comparably Amazon is looking to hire someone to lead its digital currency and blockchain initiatives as more big tech companies expand their businesses into the growing sector.The position will fall within the company's payments acceptance and experience team and will be based in Seattle. "You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed ... You will work closely with teams across Amazon including AWS," the listing said, referring to Amazon Web Services.The position requires 10 0r more years of experience in product or program management or business development, and candidates will preferably hold an MBA. market...
Bitcoin, cryptocurrency, Finance, Jack Dorsey, Tech Insider, Twitter

Twitter CEO Jack Dorsey says bitcoin’s’weird as hell’ community inspires him and reminds him of the internet’s early days

Jack Dorsey cited the "weird as hell" bitcoin community as the reason for his support of the digital currency. The Twitter CEO chatted with Elon Musk Wednesday about all things bitcoin-related. Dorsey said bitcoin's "always evolving" network reminds him of the internet's early days. LoadingSomething is loading. Twitter CEO Jack Dorsey said part...
Bitcoin, crypto, crypto wallet, cryptocurrency, Europe, European Commission, European Union, Markets, MI Exclusive, Money Laundering, Terrorism

The EU wants to ban anonymous crypto wallets to counter money-laundering and terrorism financing

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels Reuters The European Union is looking to ban anonymous cryptocurrency transactions, tightening its crackdown on money laundering and terrorism financing to protect its citizens and the bloc's financial system. The package published on Tuesday consists of four legislative proposals from the bloc's executive arm, the European Commission. It was accompanied by a fact sheet.Proposals include the creation of a new EU body to transform anti-money laundering and countering terrorism financing supervision and the imposition of an EU-wide limit of €10,000 ($11,800) on large cash transactions."Today's amendments will ensure full traceability of crypto-asset transfers, such as bitcoin," the pro...
Bitcoin, crypto, cryptocurrency, Goldman Sachs, goldman sachs bitcoin, Markets, MI Exclusive, Morgan Stanley, Morgan Stanley bitcoin, Ralph Hamers, UBS, UBS Evidence Lab, UBS Financial Services

UBS CEO says crypto is an untested asset class and he isn’t worried about missing out on clients

Ralph Hamers, CEO of UBS, gestures during in Zurich, Switzerland, Thursday, Feb. 20, 2020. Walter Bieri/Keystone via AP Ralph Hamers, the CEO of Swiss Bank UBS Group, said when it comes to cryptocurrencies, he advises his clients with caution. "We feel that crypto itself is still an untested asset category," the chief executive told Bloomberg on Tuesday. "We don't offer it actively."In May, UBS was reportedly in talks to offer cryptocurrency investments to its wealthy clients, joining many firms in responding to increasing client demand for digital assets.But any offering, sources told Bloomberg, would only be in small portions of their total investment to protect them from cryptocurrencies' famous price swings. "Clients are looking at different alternatives and they hear ...
Bitcoin, Blockchain, Central Bank Digital Currency, cryptocurrency, digital yuan, Ethereum, Markets, Mining, Stablecoins, Tether, Weekend BI UK

Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them

A bitcoin artwork by Stacey Coon, Anastasia Sultzer, and Nanu Berk at the Bitcoin 2021 convention. Marco Bello/Getty Images Cryptocurrencies and stablecoins have boomed in 2021, sucking in investors. The world's central banks are increasingly looking to create their own digital currencies. Insider cuts out the jargon and explains the key differences and what they're used for. See more stories on Insider's business page. Cryptocurrencies and stablecoins have boomed in 2021. And central banks around the world are increasingly keen on their own digital currencies. But how do they all work and what are they used for?CryptocurrenciesCryptocurrencies are basically digital currencies that aren't controlled or issued by a centralized authority, such as commercial or central banks.These...
Cryptocurrencies, cryptocurrency, cryptocurrency analysis, Investing, Investing Insider, Investing Recommendations, Investing Strategy, Markets, stock market, Stock Market Analysis, Stock Market Strategy, Stock Picks, Stock Recommendations, Stocks, Stocks to Buy, stocks to buy in 2021

How to spot short squeezes, plus 27 must-read crypto books

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket: Newsletter Sign up for the 10 Things Before the Opening Bell newsletter to get the scoop on what traders are talking about. LoadingSomething is loading. ...