Top 10 Ways AI is Helping Investors Make Money in Crypto

Top 10 Ways AI is Helping Investors Make Money in Crypto

by Satavisa Pati February 27, 2022 Making money in the crypto market can now become a lot easier than before with the help of AIThe high volatility of cryptocurrencies not only increases the risks of crypto trading but also makes it more profitable than any other form of investment. Prices are subject to frequent fluctuations … Read more

Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers

Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers

As public understanding of how digital assets work becomes more nuanced along with the mainstreaming of crypto, the language of Bitcoin’s (BTC) “anonymity” gradually becomes a thing of the past. High-profile law enforcement operations such as the one that recently led to the U.S. government seizing some $3.6 billion worth of crypto are particularly instrumental … Read more

If crypto companies are going to spend this much money, can we at least get an 11th F1 team? – TechCrunch

If crypto companies are going to spend this much money, can we at least get an 11th F1 team? – TechCrunch

Tracking the influx of tech money into Formula 1, a racing series famous for its high costs and reputation-laundering for authoritarian governments, has been a fun game in recent years. Tech concerns, flush with capital and power, have poured money into F1 teams and F1 branding because they can afford it — and the sport … Read more

Money for Nothing: Cities’ Crypto Push Draws Fans, Critics | Florida News

U.S. News and World Report Logo

NEW YORK (AP) — A small group of cryptocurrency enthusiasts has an offer that they’re hoping U.S. cities can’t refuse.The group City Coins is asking Miami and New York to accept the equivalent of millions of dollars in a new cryptocurrency, and at least some of the money is real: Last week, Miami Mayor Francis … Read more

Tesla Is a Good Crypto Trader. It Made Money Trading Bitcoin in 2021.

Tesla Is a Good Crypto Trader. It Made Money Trading Bitcoin in 2021.

Text size Tesla disclosed a stake in Bitcoin in its 2020 annual report. Joe Raedle/Getty Images It turns out that Tesla knows how to do more than produce electric vehicles. It made money holding and trading Bitcoin in 2021. Tesla (ticker: TSLA) gave an update on its Bitcoin position when it filed its annual report … Read more

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto – Featured Bitcoin News

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future … Read more

Books to Learn More About Money and Crypto

Books to Learn More About Money and Crypto

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part … Read more

Crypto money laundering rises 30% in 2021 -Chainalysis

Crypto money laundering rises 30% in 2021 -Chainalysis

Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado RuvicRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, Jan 26 (Reuters) – Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30% from 2020, according to a report from blockchain … Read more

Dock to Use Crypto in International Money Transfers

Dock, crypto, remittances, Brazil

Brazilian financial services provider Dock plans to use cryptocurrencies to process international remittances, according to a Friday (Jan. 21) Reuters report. The company also plans to expand to Latin America and Europe. Per the report, Brazilian reais will be converted into bitcoin and then into another currency. From there, the funds will reach end users … Read more

Crypto and the Future of Money (with Terra’s Do Kwon)

Crypto and the Future of Money (with Terra’s Do Kwon)

January 12, 2022 Some people see cryptocurrencies as speculative assets with no real utility at best, a Ponzi scam at worst. For others, blockchain-based currencies represent the bright future of the financial system. Do Kwon, founder and CEO of Terraform Labs, the company behind the Terra blockchain, is firmly in the second camp. He and … Read more

Victims of $200 million hack of BitMart crypto exchange still waiting to get their money back

Victims of $200 million hack of BitMart crypto exchange still waiting to get their money back

Cryptocurrency exchange BitMart promised a full reimbursement to the victims of the platform-wide $200 million hack, but some users still haven’t gotten their money back, according to a report from CNBC. Hackers made off with a variety of tokens on December 4th after using a stolen privacy key to gain access to one of BitMart’s … Read more

Me & My Money: Scarcity is key to crypto entrepreneur’s strategy

Me & My Money: Scarcity is key to crypto entrepreneur's strategy

SINGAPORE – The virtual world of crypto and the bricks-and-mortar reality of property seem to be worlds apart but entrepreneur Pang Xue Kai sees opportunity in their common trait: limited supply.Mr Pang has set his sights on land and digital assets as he believes their scarcity is a key driver of prices: “Land is getting … Read more

Will Crypto Ever Become the Default Way to Send Money Abroad?

Will Crypto Ever Become the Default Way to Send Money Abroad?

By Jan Lorenc, Managing Director for Europe at Banxa When El Salvador authorities decided to grant Bitcoin legal tender status, one of the driving factors behind the decision was how easy it is to do foreign remittances, which account for a major share of the nation’s GDP, with crypto. Now, Tonga, a small Polynesian kingdom, may mimic the … Read more

Billionaires are embracing crypto in case money ‘goes to hell’

Photo: Reuters

Thomas Peterffy took out a full-page ad in the Wall Street Journal in 2017 warning of the dangers that bitcoin futures posed to capital markets. These days, the Hungarian-born billionaire is well versed in cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth … Read more

From crypto to meme stocks to NFTs, money has never felt more fake

From crypto to meme stocks to NFTs, money has never felt more fake

Calvin Becerra went viral earlier this year for a less-than-ideal reason. He got bamboozled out of what he claims is some $2 million in cryptocurrency and NFTs and complained on Twitter about the incident. Scammers pretended to be interested in buying one of his NFTs in a Discord channel and tricked him by saying they … Read more

Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says ‘It’s Gambling Money’ – Featured Bitcoin News

Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says 'It's Gambling Money' – Featured Bitcoin News

Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm. Former British Chancellor of … Read more

Nepal nationals used crypto to divert fraud money to China | Hyderabad News

Nepal nationals used crypto to divert fraud money to China | Hyderabad News

Hyderabad: In continuation of the ongoing probe in an investment fraud case busted in November, Rachakonda police on Friday arrested three more Nepal nationals in the city for allegedly aiding the prime accused Depu Mandal. Cops have gathered leads that the ill-gotten money was diverted to China through cryptocurrency by the accused. Rachakonda police said … Read more

Fed Decision on Stimulus Money Buoys Crypto Markets

Fed Decision on Stimulus Money Buoys Crypto Markets

“First Mover” hosts spoke with CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De for the key takeaways from the U.S. Senate Banking Committee hearing on stablecoins yesterday. Matt Leising, co-founder of DeCential and author of “Out Of The Ether,” shared his views on DAOs’ evolution and outlook and what the mainstream media gets wrong … Read more

How to Give Crypto, NFTs and Digital Money This Holiday Season

How to Give Crypto, NFTs and Digital Money This Holiday Season

Crypto starter packs One way to help someone dip a toe into the world of digital currency is giving them a makeshift crypto starter pack.Alex Salnikov, co-founder and head of product of NFT marketplace Rarible, said he has set up wallets for friends with the promise of then giving them an NFT on the other … Read more

US inflation and money printing is helping to drive crypto growth

US inflation and money printing is helping to drive crypto growth

Bitcoin’s reputed founder Satoshi Nakamoto anticipated such an event as this – unbridled money printing by central banks that would debase the value of all pre-existing units of currency. The US just announced its highest consumer inflation in over 30 years: 6.2%. “Around 36% of all US dollars in existence were printed between January 2020 … Read more

Binance Pay partners ShopNEXT to launch shop-to-earn crypto onboarding platform | Your Money

Binance Pay partners ShopNEXT to launch shop-to-earn crypto onboarding platform | Your Money

WASHINGTON, Nov. 09, 2021 (GLOBE NEWSWIRE) — ShopNEXT has partnered Binance Pay to launch the first shop-to-earn cryptocurrency onboarding platform. The intuitive platform can help encourage wider crypto adoption by giving users easy access to a crypto wallet and rewarding them for shopping.How does ShopNEXT work?ShopNEXT is an affiliate marketer that connects users and merchants. … Read more

A rich millennial reportedly plows 90% of his money into crypto and shuns adviser from Goldman Sachs | Currency News | Financial and Business News

Bitcoin is pictured in London, England.

Bitcoin has surged to record highs above $67,000 this year. Edward Smith/Getty Images Startup founder Michael Martocci tells WSJ that he puts 90% of his investment money into crypto. Like most rich millennials, the 26-year-old is overseeing his own wealth management. Martocci isn’t interested in playing golf with a Goldman Sachs adviser who wants his … Read more

Millennial Money: What happens to your crypto if you die? | Business

Mexico Bitcoins

If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, but YOLO — so make a plan … Read more

Beware! Scammers stealing money from crypto wallets using Google Ads | Technology News

Beware! Scammers stealing money from crypto wallets using Google Ads

New Delhi: Scammers have discovered a new technique to steal your wallet credentials, as if the volatile nature of cryptocurrency wasn’t awful enough. Scammers copied prominent crypto wallets and platforms, such as Phantom and MetaMask, according to Check Point Research (CPR). When the victim clicked on the advertisement, they were redirected to a website that … Read more

Money managers with zero crypto exposure risk being left behind — Bloomberg strategist

Money managers with zero crypto exposure risk being left behind — Bloomberg strategist

The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in the institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg’s senior commodity strategist Mike McGlone. The November edition of Bloomberg’s Crypto Outlook described 2021 … Read more

Millennial Money: What Happens to Your Crypto If You Die?

Mexico Bitcoins

AP Photo/Rick Bowmer, FileNEW YORK (AP) — If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, … Read more

FCA: Wild west crypto market is hotbed for money laundering

Bitcoin - Illustrations of Cryptocurrency

The wild west crypto market poses a real risk to the strength of the UK financial system by allowing fraudsters to conduct widespread money laundering and financial crime. That’s the warning from the City watchdog’s digital tsar, who slammed cryptocurrencies for often harming and exploiting consumers. Jessica Rusu, chief data, information and intelligence officer at … Read more

‘Money Is Too Important To Be Left To Central Bankers’

‘Money Is Too Important To Be Left To Central Bankers’

Former CFTC Chair and ‘Crypto Dad’ Chris Giancarlo Chris Giancarlo Chris Giancarlo, commonly referred to in the industry as “Crypto Dad,” served as the 13th chairman of the U.S. Commodity Futures Trading Commission (CFTC) from June 2014 to April 2019. His tenure is best known for the CFTC’s 2017 approval of the first bitcoin derivatives … Read more

A crypto project that raised $60 million overnight using a dog meme saw all of that money go missing in what may have been a phishing attack | Currency News | Financial and Business News

A close-up photo of an ornamental stature of Anubis, the dog-like Egyptian god of death

The AnubisDAO project was named after the Egyptian god of death. Khym Harrison/ iStock / Getty Images Plus $60 million in ether has vanished from a fundraising effort by a cryptocurrency project, The Block reported. AnubisDAO was promoted as a protocol update for a cryptocurrency named OlympusDAO. But hours before the related token sale was … Read more

$20 trillion of managed money could drive ETF demand, CEO says

$20 trillion of managed money could drive ETF demand, CEO says

Exchange-traded fund investors are getting even more interested in cryptocurrency exposure — and the advent of things like bitcoin futures ETFs could lead to a demand explosion, one CEO says.”The stars are aligning right now for demand for crypto allocation in the advisor community when you look at 30 years of declining interest rates and … Read more

Crypto trading hamster update: New rig, more money, and continued outperformance | Currency News | Financial and Business News

Mr. Goxx crypto trading hamster

Mr. Goxx trading cryptocurrencies. @Mr_Goxx Twitch Livestream Mr. Goxx, the crypto-trading hamster that went viral last month, is starting to capitalize off his early success.Mr. Goxx’s anonymous business partner has sold NFTs to help fund a larger portfolio and upgrade the hamster’s trading rig.Since the hamster’s trading journey began in mid-June, it has outperformed the … Read more

What is cryptocurrency and how do you make money off of it? Here’s everything to know about crypto

What is cryptocurrency and how do you make money off of it? Here's everything to know about crypto

 October 24, 2021 @ 11:15 AM Have a tip for the newsroom, press release, local event listing or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and becoming a monthly subscriber.Cryptocurrency is something everyone talks about but some people don’t know a lot about it because it’s relatively new.So how are all these … Read more

money laundering: Crypto bourses block accounts as red flags rise

money laundering: Crypto bourses block accounts as red flags rise

Indian cryptocurrency exchanges have started reporting and blocking trading accounts, which undertake suspicious trades after government agencies raised red flags over cryptocurrencies being used for money laundering. The self-regulation comes at a time when India is yet to come out with any regulations around cryptocurrencies or the way to tax them. Industry trackers say investigators … Read more