Why crypto is a risky investment strategy

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Yahoo Finance’s Editor-in-Chief Andy Serwer joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss investing in bitcoin and the risks associated with cryptocurrencies.

Video Transcript

MYLES UDLAND: All right, welcome back to Yahoo Finance Live on this Monday morning. Mixed picture for stocks, but all of the action this morning happening over in the crypto markets. Huge rally on our hands across the cryptoplex. Bitcoin up about 10{411eb973a98e0445d59679b103f9af09be25ea404b3987135139cfb5b0c3a2af} or so at last check, so the inevitable question up 12{411eb973a98e0445d59679b103f9af09be25ea404b3987135139cfb5b0c3a2af} here, 38,000 and some change. The inevitable question, as always with the crypto spaces is, do you need to

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Financial Giants State Street & Bank of America Double Down On Crypto

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Financial Giants State Street & Bank of America Double Down On Crypto 101
Source: iStock/E_Y_E

US-based major players in the world of traditional finance continue incorporating crypto in their offerings to existing clients, and/or investing in crypto-related companies.

Financial services provider State Street Corporation said it will provide digital and cryptocurrency asset fund administration capabilities for its private funds clients, in partnership with enterprise crypto asset data and software provider Lukka.

The firm will support its private fund clients with “collection, standardization, enrichment, reconciliation, processing and reporting related to crypto and other digital assets” with the “same quality and precision as traditional assets for private fund managers.”

The partnership follows the launch

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Reef Finance Opens Liquidity Bridge by Klever in New Decentralization Step

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Reef Finance has transitioned into Reef Chain mainnet, its flagship Substrate-based network, opening its doors for smart contract developers across blockchain to build high-performance DeFi protocols on top of the chain.

DeFi on Reef

To complement the launch, Reef entered a Strategic Partnership with Klever that brings over 3 Million users to the Reef Ecosystem among additional value for the community.

Along with a well established product and industry reputation, Klever now also carries the title of Reef Finance’s first external validator. The partnership with Klever also enables the only liquidity bridge for Reef (ETH) and

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Bitcoin Eyes Longest Winning Streak in 2021 Amid Crypto Rebound

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(Bloomberg) —

A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.

The virtual coin rose as much as 6.1{411eb973a98e0445d59679b103f9af09be25ea404b3987135139cfb5b0c3a2af} to top $40,000 and was trading at about $39,700 as of 8:15 a.m. in London on Wednesday. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index.

“The current momentum is strong” and $45,000 is in sight but a conclusive break above $50,000 “will take some doing,” Pankaj Balani, chief executive officer of crypto derivatives exchange Delta Exchange, wrote in a note Tuesday.

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NSAV ANNOUNCES IT’S ON SCHEDULE FOR AUGUST 9, 2021 LAUNCH OF CRYPTOCURRENCY EXCHANGE

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NSAV DIRECTOR AND BITMART EXCHANGE MANAGING PARTNER, MR. YUEN WONG, TO PROVIDE VIDEO UPDATE TO SHAREHOLDERS NEXT WEEK

London, England, July 26, 2021 (GLOBE NEWSWIRE) — Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company is on target for the August 9, 2021 launch of its wholly-owned Cryptocurrency Exchange. Mr. Yuen Wong, NSAV Director and Managing Partner of leading Cryptocurrency Exchange, Bitmart https://www.bitmart.com , will give a video address to shareholders next week, updating the status of the exchange, which will carry the NSAV brand name. The launch will

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Personal Finance For Young Adults: An Introduction To Cryptocurrencies

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Are you curious about crypto?

There’s been a tremendous amount of hype about how cryptocurrencies are the “next big thing” in the digital revolution, and how they have the potential to transform not just traditional financial services, but also other industries.

A number of high-profile celebrities have endorsed both cryptocurrencies and crypto companies. There are also watercooler stories that most of us may have heard, such as the one about the crypto millionaire who made a fortune overnight, and then lost it all just as quickly. Even the president of El Salvador had

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