Here’s why the approval of a US bitcoin ETF would send the cryptocurrency tumbling in the near term, according to JPMorgan | Currency News | Financial and Business News

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https://images2.markets.businessinsider.com/5ffc48bcbde805001980c19f?format=jpeg”> REUTERS/Lucas Jackson Approval of a https://markets.businessinsider.com/currencies/btc-usd?utm_source=markets&utm_medium=ingest” target=”_blank”>bitcoin exchange-traded fund in the US could pull investors out of a popular trade and erode a key support of the cryptocurrency’s lofty price, https://markets.businessinsider.com/stocks/jpm-stock?utm_source=markets&utm_medium=ingest” target=”_blank”>JPMorgan strategists said Friday.Institutional investors largely invest in the Grayscale Bitcoin Trust for regulatory reasons instead of directly buying bitcoin.But the trust touts…

‘Shark Tank’ star Mark Cuban compares Bitcoin boom to dot-com bubble, and warns many cryptocurrencies won’t survive the coming crash | Currency News | Financial and Business News | Markets Insider

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https://images2.markets.businessinsider.com/558313beeab8eac73372f8b2?format=jpeg”> Steve Jennings/Getty Images Mark Cuban compared the cryptocurrency boom to the dot-com bubble, recommended buyers hedge their bets, and warned them about the dangers of debt in a string of tweets this week.”Watching the cryptos trade, it’s EXACTLY like the internet stock bubble,” the “Shark Tank” star and billionaire owner of the Dallas Mavericks…

Multiple Tokens See Rally Amid Looming ‘Alt Season’

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Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action. (CoinDesk archives) Jan 12, 2021 at 10:07 p.m.UTC Updated Jan 12, 2021 at 10:16 p.m.UTC Multiple Tokens See Rally Amid Looming ‘Alt Season’ As prices for bitcoin and ether retreat from their recent highs, the strong…

Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst

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The Productization of Bitcoin Maximalism Dec 17, 2019 at 20:26 UTCMore crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism.Trouble with the embedded player? Download the MP3 directly.Topics Discussed:In China, however, the government is cracking down fiercly on resurgent…

Ethereum 2.0 Has Another Mystery

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Ethereum 2.0 Has Another Mystery By 0 Source: Adobe/Lightboxx As ethereum (ETH) holders are now learning how to stake their tokens and earn interest along the way, there is one question they’ll eventually need to ask, and hope there is a clear answer by then.Yes, it’s taxes.And the only thing that’s clear is that there’s…

Ethereum 2.0 Has Another Mystery – Taxes

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Ethereum 2.0 Has Another Mystery – Taxes By Gerelyn Terzo December 15, 2020 Source: Adobe/Lightboxx As ethereum (ETH) holders are now learning how to stake their tokens and earn interest along the way, there is one question they’ll eventually need to ask, and hope there is a clear answer by then.Yes, it’s taxes.And the only…

Ethereum 2.0 Has Another Mystery – Taxes

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Share Source: Adobe/Lightboxx As ethereum (ETH) holders are now learning how to stake their tokens and earn interest along the way, there is one question they’ll eventually need to ask, and hope there is a clear answer by then.Yes, it’s taxes.And the only thing that’s clear is that there’s no regulatory clarity on how ETH…

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