3 Reasons Cryptocurrency Might Be the Wrong Investment for You

Benz Seo
  • Everyone wants to know if they should invest in crypto, from clients to friends to my mom.
  • My answer: It’s not for everyone. Definitely don’t buy crypto if you’re looking for a quick payday.
  • You should also avoid it if you have other financial priorities, or you’re afraid of losing cash.
  • Read more stories from Personal Finance Insider.

“Is cryptocurrency a smart investment?”

I must’ve heard this a thousand times in the last year. Clients, friends, my dentist — even my mom wants to talk about crypto. There’s a digital gold rush happening, and everyone wants a piece of the

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6 Insurers Initiate New Cryptocurrency Investment Positions: Report

Benz Seo

Six large insurers acquired shares of cryptocurrency investment products offered by Grayscale Investments, according to an S&P Global Market Intelligence report.

The insurers didn’t directly purchase bitcoin or another cryptocurrency, but the investment products derive their value from shares of Grayscale Bitcoin Trust or Grayscale Ethereum Trust. Grayscale is a unit of Digital Currency Group, CoinDesk’s parent company.

Investors can buy shares in a private placement transaction and then sell them on the secondary market following a holding period. Retail and institutional investors can then buy shares on the over-the-counter market. The trusts use published CoinDesk indexes to track

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All You Need To Know To Decide If This Crypto Is Worth the Investment

Benz Seo

BackyardProduction / iStock.com

Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds.

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Therefore, we will cover a popular blockchain technology

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Bitcoin price yo-yos amid global regulation proposals

Benz Seo

The Basel committee proposals would make it very expensive for banks to hold digital currencies, which could hinder a wider market acceptance of tokens. Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

Bitcoin continued on a volatile course on Friday after the top banking regulator proposed to classify the flagship crypto as the riskiest of assets.

Bitcoin (BTC-USD) fell 2% to $37,258 (£26,308) in afternoon trade in London after reaching as high as $37,548 on Friday morning. It enjoyed a boost on Wednesday and Thursday from El Salvador making it legal tender, rallying as much as 8% following the

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Crypto Finally Has a Reason to Exist: Decentralized Finance

Benz Seo

I have news from the world of cryptocurrency: After many years of doubt and uncertainty, a killer app has finally been found. That’s why crypto prices, in spite of numerous plunges, have remained much higher than many skeptics expected.

The core use case for crypto is called DeFi, a recently coined abbreviation for “decentralized finance.” DeFi doesn’t have a formal definition, but it typically includes the use of the blockchain to borrow and lend using auction markets; to trade in unconventional derivatives; to trade one set of crypto assets against another; and for unusual forms of insurance. The profit

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China’s cryptocurrency-mining crackdown spreads to Yunnan in southwest

Benz Seo

SHANGHAI (Reuters) – China’s crackdown on cryptocurrencies has spread to the country’s southwest with a campaign against misuse of electricity by bitcoin miners in Yunnan province, local media reported on Saturday.

In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government is also concerned about speculation after a surge in the price of bitcoin.

China accounts for a over half of global bitcoin production, but some miners have been considering moving elsewhere after the State Council, China’s cabinet, vowed to clamp down on bitcoin mining and trading last month.

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