Mining chief says the unstable price of Bitcoin will cause a surge in gold investment
Jake Klein, Evolution Mining’s executive chairman said the volatile nature of Bitcoin may divert investors attention to Gold, while also saying crypto is not mature enough to deliver the established safe haven assurance of the latter. According to Jake Klein, CEO of Evolution Mining, an Australian gold mining company , crypto price volatility will make […]
Wolfe Research warns of ‘acute’ Q3 slowdown in Robinhood’s DOGE growth
“Robinhood’s ascent inside crypto is nothing short of remarkable,” Wolfe Research’s Steven Cubak warned in an investment note this week, “but the outsized contribution from Dogecoin simply cannot be ignored.” According to Robinhood’s Q2 figures, crypto trading accounted for 41% of the company’s income, and more than 60% of the app’s funded accounts traded crypto […]
One of the oldest banks in US Wells Fargo, files for Bitcoin fund
Through a new fund established in collaboration with NYDIG and FS Investments, Wells Fargo is providing its rich clients with indirect exposure to Bitcoin. Wells Fargo , one of the country’s oldest banks, has launched a new pooled investment fund to provide its rich clients with indirect exposure to Bitcoin (BTC). Fargo’s filing with the […]
Binance users to be subjected to immediate KYC verification amid ongoing scrutiny
Binance has been the target of regulatory scrutiny from countries all around the world, allegedly conducting unlicensed companies. The crypto exchange has publicly announced new know your customer (KYC) criteria for all users on the site as a response to the continuing scrutiny. “Effective immediately, all new users are required to complete Intermediate Verification to […]
Survey shows American investors are more inclined to buying crypto with credit card
Out of 1,000 American respondents, 21 percent intend to incur consumer debt to purchase crypto, while more than 20 percent intend to use bank funds or refinance their homes. As the crypto ecosystem matures and becomes more mainstream, a recent study of millennials reveals a shift in investor sentiment and spending behaviour. According to GamblersPick’s […]