On this episode of the ‘On Purpose’ podcast, independent registered investment advisor Tyrone Ross digs into the thorny topic of bitcoin and digital assets through the lens of your average Financial Advisor.
Category: Crypto
Visa May Add Cryptocurrencies to Its Payments Network, Says CEO
The card giant works with wallets and exchanges to enable crypto purchases, and could eventually use digital currencies over blockchain in the same way it processes traditional money.
GameStop, Robinhood and the Failure of Un-Free Markets
The latest in the saga of WallStreetBets vs the world.
‘When alt season?’ eToro may have some answers
In 2020, holding the top 100 altcoins equally was a more lucrative investment than Bitcoin up until Dec. 18, according to eToro. Investors who knew when to swap Bitcoin (BTC) and altcoins could have boosted their gains significantly in 2020, according to new research from eToro, the popular social trading platform. The challenge, of course, […]
The future of crypto trading will be omni-chain
The only way for DeFi to realize its potential is through an omni-chain approach, enabling assets of any kind to flow freely through all platforms. It’s now virtually unarguable that decentralized finance is blockchain’s “killer use case.” Total value locked in DeFi grew by over 3,000% over the year leading up to January 2021. On […]
Indian government looking to crack down on crypto scams with proposed ban: Cashaa CEO
Kumar Gaurav said “there is no way any government” can outright ban crypto given its nature as a global and decentralized system. Kumar Gaurav, founder and CEO of cryptocurrency exchange Cashaa, believes the Indian government’s latest efforts to regulate digital currencies are more of an attempt to prevent illicit activities in the industry rather than […]
Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded by Citigroup
MSTR stock has surged by roughly 113% since Dec. 8 when it was downgraded by a Citigroup analyst. On Dec. 8, 2020, Citigroup, one of the largest banks in the world, downgraded MicroStrategy’ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of Bitcoin (BTC) rallied. In the […]
Decentralized identity is the way to fighting data and privacy theft
In the digitizing world, identity is everything and blockchain is to make it safe for everyone: users, businesses and governments. Decentralized identity is a function of blockchain technology that delivers real-world benefits to users quickly and easily, allowing them to benefit from things such as easier logins, faster credit checks and an overall smoother online […]
Bitcoin ‘ascendant’ as GameStop saga unfolds, Bitfinex CTO says
The GameStop short squeeze and Bitcoin have a lot more in common than appears at the surface, according to Paolo Ardoino. The sudden rise of stocks like GameStop (GME) have shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo, according to Bitfinex CTO Paolo Ardoino. […]
Institutional demand for crypto isn’t subsiding, but impact will be gradual
As another $2-trillion stimulus package looms in the U.S., institutions will continue to look at BTC as a hedge against inflation. For example, just last week, when the currency was hovering around the $30,000 threshold, a whole host of pundits was warning investors to brace for impact, suggesting that the premier crypto asset was on […]