Get the Insider App A personalized feed, summary mode, and ad-free experience. Download the app Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification. Elisa Spiess is the founder of crypto advisory firm “Femme Capital.” She spoke about whether you should invest in … Read more
Topline Famed investor Charlie Munger, vice chairman at Berkshire Hathaway and longtime business partner of Warren Buffett, shared his investing thoughts at an annual address on Wednesday, in which he harshly criticized cryptocurrencies like Bitcoin and warned investors not to treat the stock market like a “gambling parlor.” Munger called it a “safe assumption” that … Read more
The BBC has launched an internal investigation after editorial issues were discovered on an abandoned documentary about a “cryptomillionaire”.The corporation made an 11th-hour decision last Wednesday to pull a programme spotlighting Hanad Hassan, who said he had turned a $50 cryptocurrency investment into an $8 million fortune in just nine months.Prior to the scheduled broadcast … Read more
Michael Novogratz, owner of Galaxy Digital, is missing the point (“Galaxy Digital launches sustainability programme to fix bitcoin’s dirty image”, Interview, February 4).While it is true that increasing the proportion of renewable energy employed in bitcoin mining is good for the environment, it is equally true that, as we know all too well in the … Read more
This week the total crypto market capitalization rallied 10% to $1.68 trillion, which is a 25% recovery from the Jan. 24 bottom. It’s too early to suggest that the market has found a bottom but two key indicators — The Tether/CNY premium and CME futures basis — have recently flipped bullish, signaling that positive investor … Read more
2021 has been a blockbuster year for the crypto space, led by buzzwords like Metaverse, NFTs, DeFi, Scaling solutions, and more. But it wasn’t just the crypto lexicon that saw growth. Popular crypto assets scaled all-time highs, institutional buyers went berserk, and countries turned more accommodative towards specific cryptos. The year even saw leading crypto … Read more
Institutional Investor hall of famer Rich Bernstein is a market bull whose playbook excludes some of Wall Street’s most popular groups.He blames a risky see-saw dynamic playing out in the marketplace.”On one side, we have all that I would call the bubble assets: tech, innovation disruption, cryptocurrencies,” the Richard Bernstein Advisors CEO and CIO told CNBC’s … Read more
Katie Haun of Andreessen Horowitz. Photo: Ian C. Bates/The New York Times/Redux In June, venture-capital powerhouse Andreessen Horowitz launched a $2.2 billion crypto fund, staking out an enormous position in a market known as much for its volatility as its innovative potential. For Andreessen Horowitz, the enormous investment is the product of the firm’s evolving … Read more
Cryptocurrency exchanges are turning to targeted advertising and marketing campaigns to soothe the nerves of investors who are exiting their investments amid regulatory uncertainty over the virtual currencies. Some of the exchanges, including CoinDCX and CoinSwitch Kuber, have re-started advertising and marketing campaigns, albeit not as aggressively as earlier, industry insiders said. In most cases, … Read more
Vignesh Sundaresan, also known as MetaKovan, spent $69.3 million on a Beeple non-fungible token earlier this year, but he’s not very possessive about it.The beauty of an NFT is that everyone gets to enjoy it, the Indian cryptocurrency entrepreneur and investor said in an interview with Bloomberg News. In fact, he’d be happy if everyone … Read more
Global investor Mark Mobius on Wednesday called cryptocurrencies a religion, joining a chorus of digital coin skeptics at a time when bitcoin and ether are trading near all-time highs.”It’s a not an investment it’s a religion,” he founder of Mobius Capital Partners said on “Squawk Box.””People should not look at these cryptocurrencies as a means … Read more
Brian Nguyen says he “unexpectedly woke up” on Friday to see that he’d lost nearly $470,000 he had invested in a crypto project, he tells CNBC Make It.It’s “pretty painful,” Nguyen says.Nguyen admits that he didn’t investigate the project thoroughly prior to investing. “We, in crypto, tend to have a ‘buy first, do research later,’ mentality,” he … Read more